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From Smartwatches to Fitness Trackers: The Best Wearable Technology Innovations of 2021

VujaDE on July 2, 2023

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From Smartwatches to Fitness Trackers: The Best Wearable Technology Innovations of 2021

Wearable technology has become an integral part of our lives, aiding us in various aspects such as health monitoring, communication, and overall convenience. With advancements in technology, 2021 has witnessed an array of innovative wearables that have further enhanced our daily routines. Let’s explore some of the best wearable technology innovations of this year.

1. Apple Watch Series 7: Undoubtedly, Apple continues to dominate the smartwatch market with its latest release, the Apple Watch Series 7. This sleek and stylish device boasts a larger, always-on display and enhanced durability. With new health features like fall detection, blood oxygen level measurement, and an ECG app, it sets new standards for health monitoring. The Apple Watch Series 7 is undoubtedly a game-changer for wearable technology enthusiasts.

2. Fitbit Luxe: Fitbit has always been a pioneer in fitness wearables, and their latest offering, Fitbit Luxe, is no exception. Aimed at merging fashion and fitness, the Luxe is a slim and stylish fitness tracker that includes features like 24/7 heart rate monitoring, sleep tracking, stress management tools, and female health tracking. With its sleek design and comprehensive health features, the Fitbit Luxe appeals to both fitness enthusiasts and fashion-conscious individuals.

3. Amazon Halo: Amazon’s entry into the wearable technology market is marked by the innovative Halo. This sleek wristband focuses on proactive health monitoring, analyzing factors like activity, sleep, and even tone of voice to provide insights into overall wellness. The Halo also offers a unique feature called “Body,” which uses smartphone photos to create a 3D scan of your body and track changes in body composition over time. With its advanced health analysis and unique features, the Amazon Halo has made a significant impact in the wearable technology realm.

4. Bose Frames Tempo: Combining sunglasses with fitness tracking capabilities, Bose Frames Tempo is an excellent example of wearable technology innovation. These sporty frames not only protect your eyes from the sun but also include built-in sensors for fitness tracking. The Frames Tempo monitors metrics like distance, steps, calories burned, and even features audio prompts and navigation cues. Its practicality and multifunctionality make the Bose Frames Tempo a standout wearable device.

5. WHOOP Strap 4.0: WHOOP has gained popularity among athletes and fitness enthusiasts for its data-driven approach to health and recovery. The WHOOP Strap 4.0 takes this concept to the next level by providing comprehensive insights into sleep, recovery, and strain on the body. It tracks heart rate variability, resting heart rate, and sleep stages to provide personalized recommendations for optimizing performance and recovery. With its advanced analytics and focus on holistic health, the WHOOP Strap 4.0 is a top choice for athletes and health-conscious individuals.

6. Garmin Lily: Garmin, known for its robust GPS technology, stepped into the market of stylish smartwatches with the Garmin Lily. Designed for women, this elegant smartwatch includes health monitoring features like menstrual cycle tracking, stress tracking, and respiration tracking. Its feminine design, combined with essential fitness tracking capabilities, makes the Garmin Lily an attractive choice for women looking for both style and functionality.

As wearable technology continues to evolve, these innovative devices are revolutionizing the way we track our health, stay connected, and streamline our daily lives. The best wearable technology innovations of 2021 offer a wide range of options for different needs and preferences. Whether it’s Apple’s latest smartwatch or the fitness-focused offerings from Fitbit and WHOOP, these wearables empower users to take control of their health and well-being in the digital age.
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15 investors discuss their investment pace during the first half of 2023

VujaDE on July 2, 2023

In our ongoing coverage of VC performance in the first half of 2023, TechCrunch+ conducted a survey of 15 investors to gather insights on their investment cadence and plans for the second half of the year. The results showed a mix of investors meeting their investment goals and others falling short. However, there is a growing sense that a slower investment pace is becoming the new norm. Rajeev Dham from Sapphire Ventures and Mark Grace from M13 both acknowledged that the rapid investment pace seen during the pandemic years has subsided, leading to an adjustment period for some investors. Those who are operating at a slower cadence are taking a more cautious approach. Gen Tsuchikawa, CEO of Sony Ventures, stated that they have always been selective in their investments and will maintain flexibility in their investment cadence for now. Dham also emphasized the importance of prudence in the coming period and highlighted the potential decrease in capital availability due to active investors retreating, which could lead to more stable pricing. On the other hand, Grace remains optimistic and believes that dealmaking cadence will continue to rebound, emphasizing the need for optimism in the industry. Logan Allin, managing partner and founder of Fin Capital, shared that his firm was the most active fintech investor globally in Q1, thanks to their focus on early-stage startups founded by repeat founders. He explained that this accelerated rate of new company formation is due to management teams handing over the reins to professional management to take the company public or exit via M&A or buyout, as well as seasoned entrepreneurs with underwater options choosing to move on. The article includes additional insights and perspectives from various investors on their investment cadence and plans for the future.

Netflix cancels its basic plan in Canada, IRL ceases operations, and Shein’s influencer stunt fails to succeed

VujaDE on July 2, 2023

Welcome to the Week in Review (WiR), a weekly recap of the latest tech news. If you’re new here, sign up to receive WiR in your inbox every Saturday. In this week’s digest, we cover Netflix discontinuing its basic plan in Canada, the shutdown of the social app IRL due to fake users, and the success of the Flipper hacking device. We also discuss Lenovo’s innovative Yoga Book 9i, DeepMind’s new chatbot, and Robinhood’s acquisition of X1. Plus, we touch on Shein’s PR troubles, Databricks’ acquisition of MosaicML, and ChatGPT’s partnership with Bing.

In Canada, Netflix has quietly removed its $9.99 CAD per month basic plan for new subscribers, leaving a gap between the ad-supported and standard plans. Meanwhile, IRL, a social app, shut down after an internal investigation revealed that 95% of its reported 20 million users were bots. Lenovo’s Yoga Book 9i, a dual-screen laptop, impressed many at CES and shows the potential of the dual-screen concept. The Flipper hacking device, which allows users to manipulate various systems, has been a massive success, with the company expecting to sell $80 million worth of products this year.

In other news, Robinhood announced its acquisition of credit card startup X1 for $95 million. Shein, a fashion company planning an IPO, faced criticism for inviting influencers on a curated visit to its Chinese factory as an attempt to rebuild its image. Databricks acquired MosaicML, an open-source startup specializing in neural networks and generative AI tools, for $1.3 billion. And ChatGPT Plus subscribers can now use the chatbot to search Bing for answers to their questions.

Lastly, if you’re looking for some podcast recommendations, check out the latest episodes of Equity, Found, Chain Reaction, and The TechCrunch Podcast. And don’t forget, TechCrunch+ subscribers have access to exclusive commentary, analysis, and surveys.

That’s a wrap for this week’s recap. Stay tuned for more tech news, and make sure to join us at Disrupt 2023 in San Francisco this September! You can save up to $600 on your pass by using promo code WIR. Learn more at the Disrupt website.

The Advantages and Limitations of Edge Computing

VujaDE on July 1, 2023

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Edge computing is a distributed computing model that allows data to be processed closer to the source, whether it be a sensor, device, or user. By bringing computation and data storage closer to the edge of a network, edge computing offers several advantages over traditional cloud computing approaches. However, like any technology, it also has its limitations. In this article, we will discuss the advantages and limitations of edge computing.

Advantages of Edge Computing:

1. Reduced Latency: In edge computing, data processing takes place locally, minimizing the distance and time required to send data to a remote cloud server for processing. This significantly reduces latency, making it ideal for time-critical applications, such as autonomous vehicles, real-time analytics, and industrial automation. By improving the response time, edge computing enhances user experience and can prevent potential problems caused by delayed data processing.

2. Bandwidth Optimization: Edge computing reduces the amount of data that needs to be transmitted to the cloud by performing local processing. Only relevant or summarized data is sent to centralized servers, thus optimizing bandwidth usage. This is particularly beneficial in remote areas or locations with limited network connectivity, where transmitting large volumes of data over the network may be costly or impractical.

3. Enhanced Security: Edge computing can help enhance security by keeping critical data closer to its source. Instead of sending sensitive information to a remote cloud server, edge devices can process and store data locally. This reduces the risk of unauthorized access and improves data privacy. Furthermore, edge computing allows for real-time threat detection and response, as security algorithms and protocols can be implemented directly at the edge.

4. Offline Operation: One of the significant advantages of edge computing is the ability to operate without a reliable internet connection. Since data processing occurs at the edge, devices equipped with edge computing capabilities can continue to function even when disconnected from the cloud. This is particularly useful in scenarios where the network connection is intermittent or unreliable, such as remote monitoring systems and field operations.

Limitations of Edge Computing:

1. Limited Resources: Edge devices typically have limited computing resources, including processing power, memory, and storage. It may not be feasible to run resource-intensive applications or store large amounts of data locally. Consequently, certain tasks may still need to be offloaded to the cloud for processing, which may increase latency or require additional network bandwidth.

2. Scalability Challenges: Managing a large number of edge devices distributed across different locations can be challenging. Deploying new software updates, ensuring consistency, and monitoring devices requires robust management systems. As the number of edge devices increases, management and coordination become more complex, potentially affecting scalability.

3. Maintenance and Reliability: Edge devices are often located in harsh, remote, or inaccessible environments, making regular maintenance and updates challenging. Additionally, ensuring the continuous availability and reliability of edge devices can be a complex task. Device failures or malfunctions may result in service disruptions or loss of data, necessitating careful considerations when designing an edge computing infrastructure.

4. Data Processing Heterogeneity: Different edge devices may have variations in processing capabilities, architectures, or operating systems. This heterogeneity can present challenges in developing applications that are compatible and optimized for diverse edge devices. It requires careful consideration in designing edge applications and ensuring interoperability and compatibility across various devices.

In conclusion, edge computing offers numerous advantages, including reduced latency, bandwidth optimization, enhanced security, and offline operation. However, it also has limitations related to limited resources, scalability, maintenance, and data processing heterogeneity. Organizations considering adopting edge computing must carefully evaluate their requirements and assess how these advantages and limitations align with their specific use cases and operational needs.
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Travis VanderZanden, Bird’s Founder, Officially Departs from the Company

VujaDE on July 1, 2023

Travis VanderZanden has officially resigned from his position as chairperson of Bird’s board. The announcement was made in a late-Friday news release, stating that VanderZanden’s departure is effective immediately. John Bitove, who played a role in saving Bird with its merger with Bird Canada, will be replacing VanderZanden.

VanderZanden had been the president and founding CEO of the micromobility company since its inception. However, last year, due to Bird’s declining stock price, VanderZanden stepped down as president and handed over the role to Shane Torchiana, the then-chief operating officer. Torchiana later became the CEO. VanderZanden described the reorganization as a planned transition.

Bird has stated that VanderZanden left the board to pursue other ventures, while VanderZanden himself mentioned his intention to return to his entrepreneurial roots and incubate new ideas. TechCrunch has reached out for more information on VanderZanden’s departure and will provide updates as necessary.

Goldman’s Potential Attempt to Abandon Apple Card Suggests

VujaDE on July 1, 2023

Goldman Sachs, four years after partnering with Apple on the launch of the Apple Card, is reportedly seeking to end the partnership.

The Wall Street Journal reports that Goldman is exploring options to exit its deal with Apple, which recently expanded to include savings accounts for Apple Card holders.

Goldman is said to be in discussions with American Express to transfer the partnership, but nothing has been finalized and it is unclear if Apple would support the transition.

Earlier this year, Goldman CEO David Solomon stated that he was considering strategic alternatives for the firm’s consumer business. In addition to the Apple partnership, Goldman’s consumer-facing business includes a credit card partnership with General Motors and the acquisition of lending company GreenSky for $2.2 billion in 2021.

Apple and Goldman have not yet responded to requests for comment on the WSJ’s story. CNBC also published a similar report based on its own unnamed sources.

The Rise and Fall of Bitcoin: Understanding the Cryptocurrency Market

VujaDE on June 30, 2023

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The Rise and Fall of Bitcoin: Understanding the Cryptocurrency Market

In recent years, Bitcoin has become a household name, with mainstream media coverage and millions of people investing and trading in this digital currency. However, the journey of Bitcoin has been anything but smooth. It has experienced periods of exponential growth followed by dramatic crashes, leaving many investors puzzled and unsure about the future of cryptocurrencies. To understand the rise and fall of Bitcoin, it is crucial to delve into the intricacies of the cryptocurrency market.

Bitcoin emerged in 2009 as a decentralized digital currency, free from any government control or central authority. Its underlying technology, blockchain, revolutionized the way transactions are recorded and verified, promising transparency, security, and lower costs compared to traditional financial systems.

In the early years, Bitcoin had limited adoption and its value was minuscule. However, as more people recognized its potential, interest grew, leading to its first significant boom in 2013. The price of Bitcoin skyrocketed from just a few dollars to over $1,000 within a few months. This unprecedented growth captured the public’s attention and inspired a wave of new investors eager to ride the Bitcoin wave.

However, the rapid price increase was followed by an equally dramatic fall. By early 2015, the price had dropped to around $200, leaving many investors disillusioned and skeptical about the long-term viability of cryptocurrencies. This was the first major crash in Bitcoin’s history and a warning sign of the volatility that would continue to plague the market.

The next significant rise came in 2017, often referred to as the “crypto boom.” Bitcoin surged to an all-time high of nearly $20,000, fueled by a combination of mainstream adoption, media attention, and the promise of quick profits. This peak marked the peak of euphoria surrounding cryptocurrencies, with many individuals and even countries proclaiming a new era of finance.

However, the fall was just as dramatic, and the crash of 2018 caught many investors off guard. By the end of the year, Bitcoin had lost around 80% of its value, leaving many speculators and opportunists nursing significant losses. This crash led to widespread market skepticism and increased regulatory scrutiny.

The rise and fall of Bitcoin can be attributed to several factors. One primary driver is market sentiment. Cryptocurrencies, including Bitcoin, are largely speculative assets, meaning their value is based on market perceptions rather than underlying fundamentals. When optimism is high, prices rise rapidly, but when fear and uncertainty dominate, the market tends to collapse.

Another critical factor is regulatory changes. Bitcoin operates in a regulatory gray area, with governments worldwide grappling to establish guidelines and oversight. Adverse regulatory decisions, such as bans or crackdowns on cryptocurrency exchanges, can significantly impact Bitcoin’s value and market confidence.

Lastly, technological advancements and security concerns also impact Bitcoin’s price. While blockchain technology is seen as revolutionary, Bitcoin has faced challenges like scalability issues and vulnerability to hacking attempts. Technological developments and security breaches can lead to sudden fluctuations in price as well.

Understanding the rise and fall of Bitcoin involves recognizing the cyclical nature of the cryptocurrency market. It is a young and nascent industry, prone to wild swings shaped by emotions, regulations, and technological breakthroughs. Over time, these fluctuations may reduce as the market matures and more institutional investors enter the space.

In conclusion, the history of Bitcoin demonstrates the volatile nature of cryptocurrencies and the challenges they face. While Bitcoin has experienced remarkable growth and fallen victim to sharp crashes, it continues to survive and evolve. Investors and enthusiasts must navigate this unpredictable market with caution, understanding that a deep understanding of its unique dynamics is essential to mitigating risks and capitalizing on opportunities.
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Chile Welcomes Pacific Hydro’s First Solar Park with US$260 Million Investment

VujaDE on June 30, 2023

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The Chinese-owned energy company, Pacific Hydro, has officially begun construction of its first solar park in Chile, located in the Atacama Desert. The project aims to supply electricity equivalent to that of 500,000 homes per year. The park will have an installed capacity of 293 MW and a plant factor of 36%, resulting in a reduction of 230,000 tons of carbon. It will also contribute to the country’s energy infrastructure and create job opportunities for around 400 people. The company is committed to minimizing environmental impacts and has incorporated suggestions from local communities into the development process.

The groundbreaking ceremony was attended by local authorities, including the mayor of the Municipality of Tierra Amarilla, as well as representatives of the company and InvestChile. Renzo Valentino, CEO of Pacific Hydro Chile, expressed pride in participating in the ceremony and highlighted the company’s commitment to decarbonizing the country’s energy matrix. Catalina Pérez, Head of the International Network at InvestChile, confirmed that Pacific Hydro has played a key role in the local community and emphasized the agency’s close collaboration with the company.

Since 2002, Pacific Hydro has been generating clean energy in Chile through its hydroelectric plants in the O’Higgins Region. In 2018, the company opened its first wind farm, Punta Sierra. Pacific Hydro is owned by State Power Investment Corporation (SPIC), one of the largest power generation groups in China with a total installed capacity of approximately 210 GW.

For more information on renewable energy investment opportunities in Chile and how foreign companies contribute to decarbonization, check out the following article.

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The Hurried Adoption of Tesla’s NACS Plug by Automakers

VujaDE on June 30, 2023

The decision on the charging port for the North American electric vehicle market has finally been made. It happened gradually, then suddenly. Electrify America, the largest non-Tesla fast-charging network owned by Volkswagen, announced this week that it would add Tesla’s North American Charging Standard (NACS) plugs, signaling a significant shift in momentum.

In late 2021, it seemed like Tesla’s NACS was living on borrowed time after the government mandated EV chargers to be equipped with CCS to receive federal money. However, Tesla cut deals with competitors that revived NACS and made it the de facto standard.

Over the past month, Ford, GM, Rivian, and Volvo have all announced their switch to NACS. Other major players in the EV space, including Volkswagen, Hyundai, Stellantis, Polestar, Lucid, Toyota, and Nissan, are likely to follow suit or are in talks with Tesla.

SAE International also pledged to expedite work on developing an industry standard around NACS, addressing concerns about a competitor controlling a crucial part of the EV experience.

For current non-Tesla EV owners, who already have cars equipped with CCS, these times may feel uncertain. However, the widespread adoption of NACS raises questions about the future of EVs without NACS, the driving force behind the change, and the implications for consumers and stakeholders.

What does it mean for current non-Tesla owners?

There are currently hundreds of thousands of EVs on the road with CCS, and potentially millions more before automakers make the switch. These owners may feel unsure about what lies ahead.

Korea’s Alwayz Secures $46M Funding to Revitalize Online Shopping Experience

VujaDE on June 30, 2023

Seoul-based e-commerce company Levit, known for its shopping app Alwayz, has recently raised $46 million in a Series B funding round led by DST Global Partners. The round included participation from new investor BOND and existing backers KB Investment, Mirae Asset Capital, Korea Investment Partners, GS Ventures, and Klim Ventures. With this funding, Levit’s total raised amount now stands at $67 million.

Unlike typical e-commerce platforms, Alwayz incorporates social features like short videos and gamification to enhance the shopping experience. Users can earn rewards by playing games and even receive real-life crops through the app. Alwayz also offers a “Shorts” feature that allows users to watch videos and get discounts on their purchases.

In addition to these features, Alwayz attracts customers with low-priced products. Through its consumer-to-manufacturer (C2M) model, the platform eliminates intermediaries and enables sellers to offer high-quality products at lower prices. Most sellers on Alwayz are producers or manufacturers.

Levit’s CEO, Jaeyun Kang, explains that the platform’s average product selling price is around 20% cheaper than other e-commerce platforms due to the efficient selling process and discovery-based shopping.

Levit leverages games and social features to engage users daily and expose them to a wide range of products. The company describes this user experience as a “discovery shopping experience.” To maintain the quality of products, Levit uses recommendation algorithms that assess items based on factors like conversion and customer repurchase rates.

Since its launch, Alwayz has gained 7 million users, with 2.5 million monthly active users and 1.3 million daily active users within one and a half years. Levit aims to reach 12 million registered users, 5 million monthly active users, and 3 million daily active users by the end of 2023.

Levit’s founders have ambitious goals to establish the company as the leading e-commerce company in South Korea and capture a significant share of the global discovery shopping market. While Alwayz competes with local peers like Coupang, Naver, and Kurly, its business model is more similar to Pinduoduo and AliExpress in terms of social features and lower-priced products.

Levit plans to bring its platform to the U.S. market this year. Daegwon Chae, general partner of BOND, commends Alwayz for its focus on user experience, engagement, and value, stating that disrupting the horizontal commerce market requires meaningful improvements in these areas.

The Speed of Light: How 5G Technology Is Changing the Game

VujaDE on June 29, 2023

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The Speed of Light: How 5G Technology Is Changing the Game

In the digital age, speed is everything. And when it comes to connectivity, nothing represents speed better than the speed of light. 5G technology, the next generation of cellular networks, is revolutionizing the way we live, work, and communicate by harnessing the power of this incredible speed.

So, what exactly is 5G technology? Simply put, it is the fifth generation of wireless technology and promises to deliver ultra-fast internet speeds, virtually zero latency, and increased capacity. It operates on higher frequency bands, enabling greater data transfer rates and reduced lag time compared to its predecessor, 4G.

One of the most significant advantages of 5G technology is its incredible speed. The current average download speed on 4G networks ranges between 20 to 40 Mbps (megabits per second). In contrast, 5G technology boasts download speeds of up to 10 Gbps (gigabits per second), which is a thousand times faster than 4G. This extraordinary speed enables users to download large files, stream high-quality content, and engage in online gaming with unprecedented smoothness and efficiency.

But the speed of 5G technology is not limited to individual users. It also has the potential to transform entire industries. For instance, autonomous vehicles heavily rely on real-time communication to make split-second decisions. With 5G networks, cars can communicate with each other and with surrounding infrastructure instantaneously, allowing for safer and more efficient transportation. Similarly, industries such as telemedicine, augmented reality, and Internet of Things (IoT) will greatly benefit from the real-time responsiveness and reduced latency offered by 5G technology.

Moreover, 5G technology can revolutionize the way we interact with our surroundings. For example, in smart cities, connected sensors can monitor and manage traffic flow, optimize energy consumption, and enhance public safety. Such real-time monitoring and response mechanisms are only possible with the ultra-low latency provided by 5G networks.

Despite its clear advantages, the implementation of 5G technology is not without its challenges. One of the major hurdles is infrastructure. 5G networks require a dense and extensive deployment of small cells, which are shorter-range wireless transmitters than traditional cell towers. This necessitates significant investments in infrastructure development. Governments and telecommunication companies around the world are working together to deploy the necessary infrastructure, but it will take time and resources to ensure seamless coverage and connection.

Another challenge is the need for compatible devices. While many new smartphones and other devices are being released with 5G capabilities, the transition will not happen overnight. It will take time for older devices to be phased out and for consumers to switch to the newer generation of 5G-compatible devices. However, as the benefits become more apparent, it is likely that 5G-enabled devices will become the new norm.

In conclusion, 5G technology is transforming the digital landscape by harnessing the unimaginable speed of light. With its unprecedented download speeds and reduced latency, it promises to revolutionize how we live and work by enabling innovations in various industries. While challenges in infrastructure and device compatibility remain, the potential of 5G technology is too significant to ignore. As we move forward, it is exciting to imagine the possibilities that lie ahead in this new era of connectivity and speed.
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Are Autonomous Vehicles the Solution to Traffic Congestion and Pollution?

VujaDE on June 29, 2023

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Are Autonomous Vehicles the Solution to Traffic Congestion and Pollution?

Traffic congestion and pollution have long been major challenges in urban areas across the globe. As cities continue to expand, the burden on transportation infrastructure grows, resulting in increased congestion, longer travel times, and deteriorating air quality. With technology advancing rapidly, autonomous vehicles have emerged as a potentially transformative solution to address these pressing issues. However, it is important to analyze the potential benefits and limitations of autonomous vehicles before hailing them as a definitive solution.

One of the most promising aspects of autonomous vehicles is their potential to significantly reduce traffic congestion. According to a study by the National Renewable Energy Laboratory, autonomous vehicles could optimize traffic flow, reducing congestion by up to 40%. Unlike human drivers who can exhibit unpredictable behaviors, autonomous vehicles have the potential to communicate and coordinate with each other, ensuring smooth and efficient traffic movement. Additionally, autonomous vehicles can make more efficient use of existing road capacity, as they can travel closer together, reducing the number of vehicles on the road. These improvements in traffic flow would not only reduce travel times but also ease the strain on transportation infrastructure.

Moreover, autonomous vehicles could have a positive impact on air quality and pollution levels. By utilizing electric or hybrid powertrains, autonomous vehicles can significantly reduce greenhouse gas emissions. The Union of Concerned Scientists estimates that widespread adoption of electric autonomous vehicles could reduce emissions by 80% compared to internal combustion engine vehicles. Furthermore, autonomous vehicles can also optimize fuel efficiency through advanced algorithms, resulting in reduced energy consumption and lower emission levels. This shift towards cleaner transportation modes could play a crucial role in mitigating pollution and improving overall air quality in cities.

However, despite their potential advantages, autonomous vehicles are not a panacea for all transportation-related challenges. One of the primary concerns is that the introduction of autonomous vehicles may lead to an increase in overall vehicle miles traveled. Researchers at the University of California, Davis have indicated that if autonomous vehicles are not shared, but rather individually owned, they could potentially lead to higher travel demands and increased congestion. This phenomenon, known as “induced demand,” suggests that people may be more willing to undertake longer commutes or make additional trips due to the perceived convenience and comfort of autonomous vehicles. To avoid exacerbating congestion and pollution, it is crucial to facilitate shared autonomous mobility services rather than encouraging individual vehicle ownership.

Ethical dilemmas and liability concerns are also significant hurdles that need to be addressed. For instance, in the event of an unavoidable accident, how would an autonomous vehicle navigate the complexities of making moral decisions? Determining liability in such scenarios remains a challenging legal and ethical question. Additionally, ensuring the security and reliability of autonomous systems to ward off potential cyber-attacks and hacking attempts is essential to maintain public trust in this technology.

In conclusion, while autonomous vehicles hold tremendous potential to alleviate traffic congestion and reduce pollution, it is imperative to tread cautiously and address the challenges that come with their implementation. Promoting shared autonomous mobility services, integrating robust ethical frameworks, and enhancing cybersecurity measures are essential steps towards maximizing the benefits of autonomous vehicles while minimizing any adverse consequences. With proper planning and regulation, autonomous vehicles could indeed become a crucial part of the solution to traffic congestion and pollution in our ever-expanding urban landscapes.
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AI Startup Shifts Focus from Oil and Gas to Critical Minerals Exploration, Proving Batteries’ Superiority

VujaDE on June 29, 2023

There has been significant discussion surrounding the potential job losses in sectors like oil and gas due to the energy transition. However, it is crucial to highlight the job opportunities that could arise during this process.

For example, GeologicAI, a Canadian startup that initially served oil and gas clients, is a testament to this. Formerly operating under a different name, the company would receive core samples from underground drilling and assess whether significant reservoirs were present. They primarily served as a consulting business for big oil companies.

However, GeologicAI realized that consulting businesses have limited scalability. They decided to explore other applications of their technology through their participation in the Creative Destruction Labs accelerator based in Toronto. By scaling their sensor suite and machine learning algorithms, they could process a large quantity of core samples.

While oil and gas companies only scan small amounts of rock, there is a vast opportunity in the mining industry. With very large mines drilling hundreds of kilometers of core each year, there is a staggering amount of rocks worldwide that need to be scanned.

The challenge was that miners were not willing to pay the same rates as oil and gas companies. To address this, GeologicAI reevaluated their pricing and lowered it significantly, making it an irresistible option for miners.

The Design Agent Offers a New Way to Buy Design Prints

VujaDE on June 29, 2023

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London, United Kingdom, June 29, 2023 –(PR.com)– The Design Agent has launched its new platform – a marketplace for fashion buyers and designers to buy and sell unique, trend-setting artwork.

Designs are added on the platform as they are made, giving its consumers an exclusive access to the most intriguing work from studios across the globe. Buyers have access to the most recent designs at their fingertips, and can shop anytime and wherever in the world they are.

The Design Agent gathers together over 70 of the premium design studios from around the world all in one place, eliminating the hassle of visiting each individual studio’s website. Featuring womenswear, menswear, and childrenwear, including prints, knitwear and embroidery, The Design Agent has something for every fashion buyer out there.

What else stands out is that the platform only features the latest trend-driven designs, taking them down within 90 days, assuring that the only work displayed would be sought-after.

One of the most popular features on The Design Agent are their personalised pinboards, accompanied by zoom presentations to assist clients locate the ideal designs for their upcoming collection. In order to reduce the stress associated with purchasing designs, The Design Agent walks their clients through the entire process, making their customer journey fully focused on finding the perfect print without worrying about any logistics.

Co-founded by the CEO of Bay and Brown, Tracey Brown, and the CEOs of Gather No Moss, Tom Bambridge-Sutton and James Hartley, The Design Agent isn’t the trio’s first business venture. The Pattern Cloud, the industry-leading space for website hosting, sales, and business administration for designers, was also co-founded by Tracey, Tom, and James in 2017 when they realised they all had a similar vision and held the same belief that the future of fashion is shifting.

“We wanted to empower creatives to manage their own businesses and share their work with more people worldwide. Selling designs online is the way to go,” according to co-founder Tracey Brown.

“We asked ourselves what we could do for all these outstanding designers so we gave studios a ‘business in a box’ to run and grow their enterprise. We wanted to shake things up, so we put together a community of studios in one platform.” Tracey continues, “Some of these design studios didn’t even have websites before.”

Sustainable development was another inspiration for the founders. Customers’ purchasing habits changed in recent years with everyone searching for more practical and environmentally friendly ways to do their jobs. In addition, the constant travel necessary to visit showrooms and hold customer meetings throughout the globe prompted a shift.

A 24/7 online service, personalised pinboards, generation of PDFs for design meetings, and a digital storage space for all purchased files are some of the features of their new sustainability strategy.

The Design Agent also offers Zoom sessions where they can physically show their clients through their digital collection, helping them source the perfect designs for each individual and cover their trend needs. Bespoke designs are also created by The Design Agent for the same price as a design from their collection.

“We are embracing this new way of working and making an effort to keep our business sustainable and environmentally mindful moving ahead into the future.

“Our team of designers work from all corners of the globe and are brought together at our Hackney / London studio hub,” add Tom and James.

The Pattern Cloud has been pushing the industry as a whole to new, more inventive heights since its establishment, and it has served as a stepping stone for The Design Agent, set to continue pushing limits and advancing fashion.

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There’s a catch with DoorDash’s hourly rate for delivery workers

VujaDE on June 29, 2023

DoorDash announced on Wednesday that it will offer delivery workers the choice to be paid a guaranteed hourly minimum rate instead of being paid per delivery. This is a unique offering in the gig worker industry and is in response to a new New York City mandate that requires app-based gig companies to provide delivery workers with a guaranteed minimum wage of $18 per hour.

However, it’s important to note that this hourly rate is not actually an hourly rate. It is based on the time spent on a delivery, including the time from accepting an offer to dropping off the order, as well as 100% of tips.

DoorDash developed this new option, called “Earn by Time,” with Dashers who prioritize reliable earnings in mind. Previously, labor rights activists and gig workers criticized DoorDash for only paying workers for “active time,” which didn’t account for the time spent waiting for orders. The NYC mandate now requires companies to pay workers for all the time they spend connected to the app.

The specific hourly minimum rate that DoorDash will offer Dashers is unclear, as the company did not respond to inquiries. DoorDash has been testing this pay model in some smaller cities across the U.S.

Some gig workers are skeptical of this new offering, calling it a “watered-down version of Prop 22 with restrictions,” referring to a California ballot initiative that passed in 2020 and allows gig companies to classify their workers as independent contractors. They accuse DoorDash of using hourly pay as a way to incentivize workers to accept orders they would normally reject for low base pay.

The guaranteed hourly rate will be shown to Dashers at the start of a trip so they can see exactly how much they will earn per hour. DoorDash claims to have invested significantly in creating a rewarding option for Dashers who prioritize consistency in their earnings. Dashers who accept more orders are likely to receive a higher hourly rate. DoorDash, Uber, and other gig companies are known for rewarding workers who consistently accept trips and punishing those who don’t.

While the hourly pay option is now available, Dashers still have the traditional option to earn per offer. In this option, the guaranteed minimum amount that they can expect to earn on a trip is shown upfront.

DoorDash did not specify in which states and markets the “earn by time” offer will be available.

In addition to the hourly wage announcement, DoorDash also launched new features to help Dashers maximize their earnings. This includes “dash along the way,” which allows workers to select locations where they want to start fulfilling orders, and post-checkout tipping, which allows customers to add a tip or increase an existing one up to 30 days after a delivery. DoorDash also introduced a location sharing feature for Dashers to share their location with up to five contacts.

Lastly, DoorDash announced that it will give a one-time gift of $10,000 to Dashers who joined the platform in the early years, completed over 10,000 deliveries, and are still active on the platform. The exact number of Dashers eligible for this gift was not disclosed.

Notification from the US Patent and Trademark Office: Confidential Data Breach Exposed for Several Years

VujaDE on June 28, 2023

The US Patent and Trademark Office (USPTO) has confirmed that it accidentally exposed the private addresses of approximately 61,000 trademark filers in a data leak that lasted from February 2020 to March 2023. The issue arose from one of the agency’s APIs, which allows both staff and filers to access a system for checking the status of trademarks. The exposed address data was also included in bulk datasets published online by the agency for research purposes. The USPTO discovered the issue, blocked access to non-critical APIs, and removed the affected bulk data products until a permanent fix could be implemented. The agency spokesperson acknowledged the mistake, apologized, and assured that efforts will be made to prevent such incidents in the future. The data leak impacted around 3% of the total number of applications filed over the three-year period. The USPTO resolved the issue by masking domicile addresses and correcting API vulnerabilities on April 1. The agency stated that there is no evidence of data misuse.

Ccube Unveils e2E (entrepreneurs 2 Enterprises) Service, Empowering AI Startups to Thrive in Today’s Dynamic Markets

VujaDE on June 28, 2023

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Cupertino, CA, June 28, 2023 –(PR.com)– Ccube, a leading provider of Data & AI services, is excited to announce the launch of its groundbreaking e2E (entrepreneurs 2 Enterprises) service at the Databricks Data+AI Summit. This comprehensive service is specifically designed to equip AI startups with managed GTM (Go-to-Market) services and managed solutions deployment services, empowering them to unleash their full potential and thrive in today’s dynamic markets.

With the entrepreneurial spirit at the heart of its mission, Ccube understands the challenges faced by AI startups in navigating the complexities of market expansion and solution deployment. The e2E service aims to bridge this gap by providing tailored support and expertise to accelerate growth, from entrepreneurs to enterprises.

Ccube’s Managed GTM Services offer a strategic and collaborative approach to help AI startups amplify their market presence, acquire customers, and drive revenue growth. By leveraging industry insights and utilizing a customized go-to-market strategy, Ccube enables startups to make a lasting impact in their target markets. From comprehensive market research and competitive analysis to effective brand positioning and customer segmentation, Ccube’s expert team provides the tools and resources necessary for success.

Complementing the Managed GTM Services, Ccube’s Managed Solutions Deployment Service ensure a seamless implementation and integration of AI solutions. Leveraging Ccube’s deep product and engineering focus along with its industry experience, startups benefit from partnering to navigate the complex enterprise IT world. From solution architecture and development to rigorous testing and smooth deployment, Ccube’s experienced professionals address technical complexities, minimize risks, and enable startups to save time and stay focused on driving innovation and delivering exceptional value to their customers.

With an impressive track record of working with large enterprises across diverse industries, including banking, healthcare, retail, and manufacturing, Ccube brings invaluable industry expertise to its e2E service. This expertise enables Ccube to provide startups with unique insights, strategies, and solutions tailored to their target industries, ensuring a competitive edge and rapid growth.

“We are thrilled to introduce our e2E service at Databricks Data+AI Summit,” said Mahesh Lalwani, Founder & CEO at Ccube. “We understand the immense potential AI startups possess, and our mission is to empower them with the right support, knowledge, and resources to accelerate their journey towards becoming successful enterprises. With our managed GTM services and managed solutions deployment services, startups can confidently navigate the challenges of the market, drive innovation, and deliver exceptional value to their enterprise customers.”

As an industry leader, Ccube prides itself on its tailored approach, technical excellence, and end-to-end support for AI startups. The e2E service represents a significant step towards empowering AI entrepreneurs and propelling their growth in the ever-evolving AI landscape.

To learn more about Ccube’s e2E service and how it can transform your AI startup, visit www.ccube.com or contact e2E@ccube.com.

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Zoox initiates public road trials of their robotaxi fleet in Las Vegas

VujaDE on June 28, 2023

Amazon subsidiary Zoox has commenced testing its purpose-built, electric, autonomous robotaxis on public streets in Las Vegas. This is the first time that an autonomous vehicle without pedals or a steering wheel has operated on public roads in Nevada.

Zoox is starting with a small one-mile loop around its Las Vegas facilities, with plans to expand in the future. The initial route will test the robotaxi’s ability to navigate unprotected turns, multi-way stops, and roads with cyclists, pedestrians, and other vehicles.

The robotaxis can transport four people at speeds up to 35 miles per hour and will be available to Zoox employees during work hours.

The exact number of vehicles and operating hours for the initial robotaxi service were not specified by Zoox, but the company did mention that there will be “multiple” Zoox vehicles testing.

Zoox has been driving on public roads in Vegas since June 16, 2023, and expanded operations to the city in 2019 to test and refine its technology. The company used a test fleet of Toyota Highlanders to map the area and gather data, while driving autonomously with safety drivers on board.

In 2020, Zoox opened an office and depot in Vegas to support its test fleet. The company is now expanding those operations and adding warehouse and office space for its vehicles and growing team in the region.

Zoox’s workforce has grown from 1,900 to 2,200 employees since the beginning of the year, with the majority of new hires in Las Vegas focused on fleet maintenance and charging.

Prior to the Vegas launch, Zoox deployed its robotaxis on public roads in Foster City, California, and has a driverless testing permit from the California Department of Motor Vehicles. However, the vehicles have not been opened to the public in either location.

Nevada has more relaxed regulations for autonomous vehicles compared to California, which allows Zoox to operate its robotaxis autonomously without a rigorous permitting process.

Zoox received authorization from Nevada’s DMV to operate its robotaxi autonomously, as per Nevada law, AV companies need to self-certify that vehicles meet the Nevada “minimal risk condition.”

Tialma’s Aleksey Krylov Attending NewYorkBIO Life Science Company Showcase

VujaDE on June 27, 2023

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New York, NY, June 27, 2023 –(PR.com)– Tialma, a CFO consultancy to the life science companies, is sharing that its lead consultant Aleksey Krylov will attend the highly anticipated NewYorkBIO Life Science Company Showcase, scheduled to take place on June 27, 2023.

The NewYorkBIO Life Science Company Showcase is an esteemed event that brings together influential leaders, investors, and stakeholders from the biotechnology and life science sectors. It serves as a platform for emerging companies to showcase their groundbreaking technologies, explore potential partnerships, and gain exposure to industry professionals and investors.

Aleksey Krylov, who has been instrumental in driving Tialma’s contributions to life science businesses, will participate in the showcase and engage with the event’s participants virtually.

“I am delighted to be attending the NewYorkBIO Life Science Company Showcase,” said Aleksey Krylov. “This event presents a remarkable opportunity for Tialma to connect with industry leaders, investors, and partners who share our commitment to advancing life sciences. We look forward to reconnecting with old colleagues and making new contacts making exciting impact on the field.”

Tialma invites all attendees to visit Aleksey Krylov at the NewYorkBIO Life Science Company Showcase to learn more about how Tialma can support their organizations in achieving their strategic goals.

For media inquiries, please contact: Aleksey Krylov, aleksey at tialma.com

About Tialma:
Tialma is a New York-based Financial Consulting Firm that delivers bespoke strategic and fractional CFO solutions to life sciences companies. Tialma professionals work with biotech, therapeutics, specialty pharma, diagnostics, medical devices, healthcare technology, and services organizations. The consultancy caters its solutions to accelerate clients’ next value inflection with fundraising, business development, and operating finance milestones that dramatically increase shareholder value. For more information, visit www.tialma.com.

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Quantum Computing: A New Era in Technology

VujaDE on June 27, 2023

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Quantum Computing: A New Era in Technology

Technology has always been at the forefront of human progress, constantly evolving and pushing boundaries. The emergence of quantum computing has the potential to usher in a new era of innovation and transformation. With its ability to process vast amounts of information at incredible speeds, quantum computing stands to revolutionize fields ranging from cryptography to drug discovery. In this article, we delve into the principles behind quantum computing and explore its implications for the future.

To understand quantum computing, we must first grasp the fundamentals of quantum mechanics. Traditional computers operate using bits, which are foundational units of information represented by either a 0 or a 1. In contrast, quantum computers use quantum bits or qubits, which can simultaneously exist in multiple states due to a phenomenon known as superposition. This superposition allows quantum computers to perform multiple calculations simultaneously, exponentially increasing their processing power.

One of the most significant advantages of quantum computing lies in its potential to solve complex problems more efficiently. Traditional computers struggle with certain tasks, such as factoring large numbers, due to their sequential computational nature. Quantum computers, on the other hand, can exploit their parallelism to quickly solve these problems. This capability has huge implications for fields such as cryptography, where the ability to factor large numbers could render current encryption methods obsolete.

Quantum computing also holds great promise in areas like optimization and simulation. Many real-world problems involve finding the best possible solution from a vast number of alternatives. Quantum algorithms, such as the Quantum Approximate Optimization Algorithm (QAOA), can efficiently explore the vast solution space to identify optimal outcomes. This has applications in industries like supply chain management, logistics, and finance, where efficient optimization can lead to significant cost savings.

Simulating complex quantum systems is another domain where quantum computing shines. Quantum systems are inherently complex, making them difficult to simulate accurately using classical computers. By harnessing quantum phenomena, quantum computers can simulate quantum systems and molecules with a level of precision that is otherwise unattainable. This breakthrough has the potential to accelerate drug discovery processes, leading to the development of new treatments and therapies.

Despite its immense potential, quantum computing is still in its early stages of development. One of the main challenges lies in preserving and manipulating qubits, which are highly susceptible to noise and decoherence. Scientists and engineers are working tirelessly to improve qubit stability and develop error correction techniques to overcome this challenge. Furthermore, the physical infrastructure required for quantum computing, such as cryogenic temperatures and specialized equipment, needs to become more accessible and widespread to enable practical quantum systems.

Nevertheless, significant progress has been made in recent years. Tech giants such as IBM, Google, and Microsoft are actively investing in quantum computing research and development, and several quantum prototypes have been successfully demonstrated. It is only a matter of time before quantum computing becomes more accessible and integrated into our everyday lives.

The advent of quantum computing presents profound implications for various industries and societal challenges. From revolutionizing cryptography to transforming drug discovery, quantum computers possess the potential to unravel the mysteries of the universe and solve problems that are currently beyond the reach of classical computers. As we stand on the cusp of this new era in technology, it is crucial to continue exploring, innovating, and embracing the transformative power of quantum computing.
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