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Payoneer, a US-based paytech company, has paid $61 million in cash to purchase Skuad, a Singapore-based start-up that manages payroll and workforce globally.

The agreement, which was completed on August 5, according to Payoneer, also includes “up to an additional $20 million of future payments in cash and equity,” subject to Skuad meeting “certain performance and tenure milestones.”

The 2019 launch of the Skuad platform aims to streamline SMB hiring, onboarding, payroll, and talent management procedures. It supports 100 currencies and is currently active in 160 countries globally.

Payoneer presently provides online money transfer and cross-border payment services for businesses and entrepreneurs in 190 countries. It now plans to incorporate Skuad’s payroll and contract management tools into its own solutions.

According to the business, 25% of its B2B clients are now asking for “enhanced workforce management,” which includes capabilities for contractor management, payroll, and employer of record. This has led to “significant cross-sell potential” with the company’s most recent acquisition.

The agreement will “accelerate our evolution and B2B momentum,” according to Payoneer CEO John Caplan, who also notes that the team and technology of Skuad will contribute to the creation of “a powerful platform that will enhance our customers’ ability to expand their teams worldwide and grow globally.”

The paytech reported encouraging sales growth of 16% to $239.5 million in its most recent financial results, which cover the period ending June 30.

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In the United States, a stroke occurs every 40 seconds, frequently with devastating results. Timely access to care remains a substantial barrier despite advancements in therapy, especially outside of urban regions.

With an inventive solution, Miami firm NAVIGANTIS is stepping forward to meet this need. The firm is well-positioned to realize its objective of revolutionizing neurovascular treatment with its VASCO robotic platform, since it just secured a $12 million Series A financing round.

The funding, which is being led by Puma Venture Capital and includes participation from Cormorant Asset Management and Mirae Asset Capital, will support the VASCO robot’s continued development and testing, advancing it closer to clinical trials involving humans.

In the United States, a stroke occurs every 40 seconds, frequently with devastating results. Timely access to care remains a substantial barrier despite advancements in therapy, especially outside of urban regions.

With an inventive solution, Miami firm NAVIGANTIS is stepping forward to meet this need. The firm is well-positioned to realize its objective of revolutionizing neurovascular treatment with its VASCO robotic platform, since it just secured a $12 million Series A financing round.

The funding, which is being led by Puma Venture Capital and includes participation from Cormorant Asset Management and Mirae Asset Capital, will support the VASCO robot’s continued development and testing, advancing it closer to clinical trials involving humans.

CEO of NAVIGANTIS Mor Dayan emphasized the company’s joy and thankfulness for the support of prestigious investors while highlighting their common goal of transforming neurovascular treatment. “We are thrilled and fortunate to have the support of such esteemed partner investors who share our vision for revolutionizing neurovascular care with robotics,” the statement read.

One of the main causes of impairment is neurological illnesses. The gold standard for treating acute ischemic stroke is now a mechanical thrombectomy; yet, timely access to this potentially life-saving operation is still scarce. Many patients miss the critical window for treatment, which significantly lowers their chances of recovery. This is due to the existing dearth of qualified neurointerventionalists and the geographic limitations of care centers.

Puma Venture Capital founder and managing partner Amit Hazan expressed his excitement about the potential impact of the VASCO platform. Hazan will now be a member of the NAVIGANTIS Board of Directors. He declared,  “We are incredibly excited to support the NAVIGANTIS team in their mission to further improve stroke care via robotic applications,” 

Hazan outlined the wider ramifications of this technique, which include the ability to do telesurgery and the development of novel vascular treatments including drug delivery and brain implants. Prior to this, Hazan oversaw the medical technology division of Goldman Sachs as a Managing Director.

Major businesses in the medical technology sector, including Opko Health and Medtronic, are building substantial regional presences, and South Florida is fast becoming as a center for these technologies.

Puma Venture Capital founder and managing partner Amit Hazan expressed his excitement about the potential impact of the VASCO platform. Hazan will now be a member of the NAVIGANTIS Board of Directors. He declared,  “We are incredibly excited to support the NAVIGANTIS team in their mission to further improve stroke care via robotic applications,” 

Hazan outlined the wider ramifications of this technique, which include the ability to do telesurgery and the development of novel vascular treatments including drug delivery and brain implants. Prior to this, Hazan oversaw the medical technology division of Goldman Sachs as a Managing Director.

The money raised will play a crucial role in advancing the VASCO robot toward its first-in-human clinical trials, a significant advancement in the care of neurovascular diseases. NAVIGANTIS seeks to close the gap in neurovascular care by increasing patient access to cutting-edge therapies, wherever they may be.

Puma Venture Capital, which was founded in 2023 by Amit Hazan and Dr. Vipul Patel, is committed to promoting minimally invasive care by making strategic investments in robotics, digital surgery, AI analytics, diagnostics, medicines, and digital ecosystems. Patel, who received his degree from the University of Michigan, is currently the Medical Director of the Florida Hospital Cancer Institute for Urologic Oncology and the Global Robotics Institute. He also teaches urology at the University of Central Florida.

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About 20 positions were eliminated on Tuesday by Cohere, an artificial intelligence firm financed by Nvidia and formed by former Google AI researchers.

The business estimates that Cohere employed 400 people. The layoffs come after a $500 million fundraising round from investors, including AMD, Salesforce, Oracle, and Nvidia, valued the company at $5.5 billion, more than double its previous year’s valuation.

On its website, Cohere states that it is still hiring in areas like product design, modeling, revenue, partnerships, customer operations, and sales.

With support from Nvidia and founded by former Google AI researchers, Cohere’s commercial strategy has focused on generative AI for businesses rather than consumer chatbots, which have been the talk of the tech world ever since OpenAI published ChatGPT in late 2022. Cohere raised $270 million in June 2023 at a valuation of $2.2 billion, with Salesforce and Oracle taking part in the funding round. Executives from companies have also attended White House AI forums.

A company spokesman released a statement to CNBC stating, “With our most recent round of financing in place, we have a clear vision for the future of Cohere, which has required some internal realignment.” “We will continue to aggressively hire people as we work to offer companies the most accurate, secure and private multilingual AI solutions in the market.”

According to PitchBook, the generative AI space has seen an explosion in the last year, with a record $29.1 billion spent across roughly 700 deals in 2023—a more than 260% increase in deal value from the previous year. In practically every area, from financial services and scientific research to logistics, online travel, and utilities, technology is automating processes. This is why it has become the most talked-about term on corporate earnings calls, quarter after quarter.

A few of Cohere’s rivals in the AI arms race provide goods for both commercial and consumer use. For example, Anthropic made its once-business-only Claude chatbot available to consumers in July, and OpenAI introduced ChatGPT Enterprise last August.

In March, Martin Kon, the president and chief operating officer of Cohere, told CNBC that despite a shortage of chips, growing prices for graphics processing units (GPUs), and fluctuating licensing fees for AI models, the company is able to maintain cost control by remaining committed to enterprise AI.

According to Cohere’s website, some of its current clients are Notion, Oracle, and Bamboo HR. Businesses in the banking, financial services, and insurance industries are among Kon’s many clients, he previously told . After Sam Altman, the CEO of OpenAI, was abruptly and temporarily fired, Cohere told CNBC in November that it noticed a spike in client interest.

Kon admitted in March that there have been ongoing difficulties due to the hardware industry’s shifting dynamics. According to Kon at the time, the company has had Google chips on hand for more than two years, which were acquired early on in Cohere’s history to aid in model pretraining. Currently, Cohere is utilizing more H100 GPUs from Nvidia, which power the majority of the most recent large language models.

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An eruption of solar material that is scheduled to travel through Earth’s atmosphere on Tuesday night was caused by a solar flare that burst from the sun on Sunday. This could result in another display of the Northern Lights.

On a five-point scale, the NOAA Space Weather Prediction Center has issued a level G2 geomagnetic storm watch for Tuesday night.

People in the northern U.S., including those in Washington, Idaho, Montana, the Dakotas, and the Upper Midwest, may be in for a good show overnight, even though this storm won’t be nearly as intense as the May 10 extreme solar event that brought the aurora as far south as the Gulf of Mexico.

Bright displays of the Northern Lights typically occur a few days after solar flares or coronal mass ejections. These bring with them a torrent of electrons that interact with nitrogen and oxygen in the magnetic field that envelops our globe.

The show is best seen between 11 p.m. and 3 a.m. local time, however, it can fluctuate in intensity depending on how the solar particles interact with Earth’s magnetic field. Locate a northern horizon that is unobstructed by city lights.

This week’s nearly full moon will make for less ideal viewing circumstances by casting extra moonlight into the sky, but a strong enough show will still be able to cut through the extra light.

Of course, for a nice presentation, you also need to keep the clouds away, and Mother Nature is helping with that.

With the exception of places affected by wildfire smoke, viewing conditions appear favorable throughout the Northwest, the Dakotas, Minneapolis, and the Northeast. The exception, which is probably cloud cover, is the Upper Great Lakes.

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The strategic partnership between Titan Holding and FC Bayern Munich is more than a mere collaboration—it’s a winning combination that merges sports excellence with financial prowess. As the football club achieves record revenue and profitability, investors can leverage this synergy for their own financial growth. Meanwhile, Titan-Holding has established itself as a leader in finance and investment solutions. Together, Titan-Holding and Bayern Munich are not just teaming up to promote football; they are creating exciting opportunities for financial growth and success.

The New Partnership

Titan-Holding and Bayern Munich have recently announced a partnership aimed at leveraging the power of sports to enhance investment strategies and financial services. This collaboration combines the club’s global brand recognition and massive fanbase with Titan-Holding’s expertise in finance. This partnership is set to unlock new possibilities for both organizations and their supporters.

What Makes This Partnership Special?

There are several reasons why the partnership between Titan-Holding and Bayern Munich is noteworthy:

  1. Global Reach: Bayern Munich has millions of fans worldwide. This broad audience provides an excellent platform for Titan-Holding to engage with potential investors and clients. By connecting with passionate football fans, Titan-Holding can market its financial products and services to a larger audience.
  2. Brand Power: Bayern Munich is known for excellence and success in football. Associating with such a prestigious club allows Titan-Holding to enhance its brand image. Consumers are more likely to trust and invest in a company that is linked with a globally recognized sports team.
  3. Engaging Events and Experiences: As part of the partnership, Titan-Holding can create special events, workshops, and experiences for fans and clients. These gatherings can include exclusive meet-and-greet opportunities with players, behind-the-scenes stadium tours, and interactive seminars on financial literacy. Such events help build connections and educate individuals about investment opportunities.
  4. Mutual Growth: By collaborating, both Titan-Holding and Bayern Munich can benefit from each other’s strengths. While Bayern Munich can attract more fans and sponsorships, Titan-Holding can increase its client base and exposure. This mutually beneficial relationship fosters growth for both parties.

How This Partnership Benefits Investors

For investors, this partnership presents several advantages:

  • Access to Unique Investment Opportunities: Titan-Holding may offer unique investment products specifically designed for Bayern Munich fans and clients. This could include exclusive funds or investment plans that support sports-related ventures or initiatives.
  • Financial Education: Through events and workshops, Titan-Holding can provide fans with essential knowledge on how to manage their finances better, make smart investments, and prepare for their financial future. This education is valuable for both seasoned investors and newcomers.
  • Community Engagement: By uniting finance with sports, this partnership engages communities. Titan-Holding and Bayern Munich can work together on local initiatives, promoting financial responsibility and encouraging community development through various programs.

Looking to the Future

The partnership between Titan-Holding and Bayern Munich represents a forward-thinking approach to merging sports and finance. As they work together, they aim to create innovative strategies that not only grow their brands but also offer new ways for fans and clients to connect with the financial world.

As both organizations look to the future, there are plans to expand this partnership further. They may explore new marketing strategies, additional events, and possibly even investment programs that highlight the intersection of sports and finance.

Conclusion

The collaboration between Titan-Holding and Bayern Munich is far more than just a sponsorship agreement; it’s a unique approach to combining sports excellence with financial growth. By leveraging the power of the Bayern Munich brand, Titan-Holding can reach more investors, educate communities, and create exciting new opportunities.

This partnership is a promising example of how businesses can innovate by connecting with the world of sports, making finance more engaging and accessible for everyone. As Titan-Holding and Bayern Munich continue to develop this relationship, the world will be watching to see how sports can drive financial success in exciting new ways.

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In a recent study that was published in Nature Communications, scientists from China and Belgium suggested that there might be a diamond layer at Mercury’s core-mantle border. It implies that the thickness of this layer can reach up to 18 kilometers (11 miles). The discovery contributes significantly to our knowledge of planetary differentiation processes, or the methods by which planets form discrete interior layers.

The carbon-rich lava ocean of Mercury is thought to have crystallized, forming the diamond layer, according to experts. This carbon turned into a crust of graphite on the planet’s surface when it cooled. The work casts doubt on the notion that graphite was the sole stable carbon phase at this time, though.

Dr. Yanhao Lin, a co-author of the study from the Center for High Pressure Science and Technology Advanced Research in Beijing, said, “Many years ago, I noticed that Mercury’s extremely high carbon content might have significant implications.” “It made me realize that something special probably happened within its interior.”

The conditions of the interior of Mercury were replicated by the researchers using thermodynamic modeling in conjunction with high-pressure and temperature tests. By reaching pressure levels of up to 7 Giga Pascals, they were able to examine the equilibrium phases of the minerals on Mercury.

They discovered that sulfur in Mercury’s iron core had an impact on the magma ocean’s crystallization process. At the core-mantle barrier, sulfur promotes the creation of a diamond layer by lowering the liquidus temperature. Furthermore, it generated a layer of iron sulfide, which affected the carbon content throughout planetary development.

Mercury’s magnetic field generation and thermal dynamics are affected by the high thermal conductivity of the diamond layer. Temperature gradients and convection in the liquid outer core are influenced by the diamond layer’s assistance in transferring heat from the core to the mantle, which in turn affects the magnetic field.

Understanding other carbon-rich exoplanetary systems and terrestrial planets with sizes and compositions comparable to Mercury may also be affected by the findings. Similar traces could be left by activities that occur on other planets in addition to Mercury. According to the study’s findings, identical diamond layers might exist on other terrestrial planetarium certain prerequisites must be met.

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SpaceX announced on Wednesday that the $843 million spaceship it is developing to demolish the International Space Station by the end of the decade will be an upgraded Dragon capsule, similar to the one that is now used to carry people and goods into orbit.

Last month, NASA gave SpaceX a significant contract to create the U.S. Deorbit Vehicle (USDV). NASA stated in a source selection statement released on Tuesday that the design’s heavy reliance on flight-proven hardware helped it win the contract over Northrop Grumman, the only other bidder.

Dana Weigel, NASA’s ISS program manager, stated during a news briefing on Wednesday that the agency was searching for ideas that made the most use of flight heritage because dependability will be crucial. She said, however, that even with the substantial integration of the Dragon design, around half of the USDV and all of the de-orbit capabilities will be unique to this spacecraft.

Although NASA intends to launch the spacecraft about 18 months ahead of these burns, the USDV is intended to carry out a sequence of crucial burns that will occur during the final week of the station’s existence. According to Weigel, it will dock at the ISS’s forward port, where it will stay until the spacecraft gradually “drifts down” to Earth. The crew will stay on board for as long as necessary to keep the station on course, but six months or so before reentry, they will finally leave for good.

When the station reaches about 220 kilometers above Earth, the USDA will be activated. Before completing the last reentry burn, it will carry out a sequence of burns to position the station for an exact de-orbit trajectory over a period of about four days. The components of the station that survive the firestorm in Earth’s atmosphere will crash into an as-yet-unidentified area of uncharted ocean. The station has disposed of other large spacecraft, including Japan’s HTV cargo capsule and Northrop Grumman’s Cygnus, in a similar manner.

Due to the complexity of the mission, SpaceX will need to create a spacecraft that can maneuver the station through progressively greater atmospheric drag. “The thing that I think is most complex and challenging is that this [final] burn must be powerful enough to fly the entire space station, all the while resisting the torques and forces caused by increasing atmospheric drag on the space station to ensure that it ultimately terminates in the intended location,” said Sarah Walker, SpaceX’s director of Dragon mission management.

The final spaceship designed by SpaceX will have three to four times the power generating and storage capacity of Dragon capsules, along with six times the amount of useable propellant on board. The final product resembles a traditional Dragon with a large trunk affixed to its end, at least based on a render that SpaceX shared earlier on Wednesday.

Walker stated that the avionics, power generation, and additional propellant required to finish the trip will all be stored in that trunk. That adds thirty more Draco thrusters to the sixteen that are already present in the typical capsule arrangement. The goal of the enormous last burn is to minimize the amount of debris, which might include everything from small sedans to microwave ovens.

When NASA realized that Roscosmos’s capabilities weren’t sufficient for the size of the station, the agency collaborated with the other station partners, including the European Space Agency, the Japan Aerospace Exploration Agency, the Canadian Space Agency, and Roscosmos, to request a deorbit vehicle from private industry. A request for proposals was issued by NASA last autumn.

Weigel stated that the reason the award is being given now is that developing a spacecraft this complicated can take years.

However, this deal differs from SpaceX’s previous significant wins for NASA. In contrast to its agreements with NASA for station crew and cargo transportation, wherein the space agency merely pays for SpaceX to own and operate the vehicles, the deorbit vehicle contract turns this on its head. While SpaceX will design and build the vehicle, NASA will be in charge of obtaining launch, managing the spacecraft, and actually returning the International Space Station to Earth.

In a separate solicitation, the government will begin the rocket procurement process around three years before launch. The International Space Station would splash down somewhere in 2030, assuming that activities end that year.

Officials from the agency expressed their desire to guarantee a smooth transition with commercial space station operators in low Earth orbit, but they acknowledged that several factors could cause obstacles. This contains the plans for the few commercial businesses that are currently developing stations, such as Axiom Space, Star-lab, which is led by Voyager Space, or Orbital Reef, a joint venture between Blue Origin and Sierra Space. NASA assistant administrator Ken Bowersox stated that after 2030, the agency would need to get permission from the government and collaborate with other space agencies in order to continue operating the station.

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Prior to the official release on July 16, the Chinese tech company OnePlus is preparing to introduce the OnePlus Pad 2. A recent leak purportedly disclosed the tablet’s Indian price. The leak suggests that the OnePlus Pad 2 would cost more than the OnePlus Pad from the previous year.

Images of the tablet’s box and the purported Indian pricing and specs of the OnePlus Pad 2 on X were supplied by tipster Yogesh Brar (@heyitsyogesh). The OnePlus Pad 2 is anticipated to retail for Rs. 45,999, however the leak indicates that it would have a Maximum Retail Price (MRP) of Rs. 47,999. Furthermore, the reported prices for the Smart Keyboard and Stylo 2 stylus are Rs. 11,999 and Rs. 5,000, respectively. The tablet will weigh 584 grams and size 268.6x195x65 mm, according to the packaging photos.

According to the cost, it is significantly more expensive than its predecessor. When the OnePlus Pad was first released in the previous year, the base model with 8GB of RAM and 128GB of storage cost Rs. 37,999. The most expensive model, which came with 256GB of storage and 12GB of RAM, cost Rs. 39,999.

The OnePlus Pad 2 is anticipated to include a 12.1-inch IPS LCD screen with 3K resolution and run OxygenOS 14, an Android 14-based operating system. The Snapdragon 8 Gen 3 chipset from Qualcomm is said to power it. Additionally, a 13-megapixel rear camera and an 8-megapixel front camera are rumored to be included with the tablet. Presumably, a 9,510mAh battery with 67W fast charging capabilities will be inside.

On July 16, OnePlus will announce the OnePlus Pad 2 at an event. Other new goods, such the OnePlus Nord 4, Buds 3 Pro, and Watch 2R, will also be unveiled at the launch event.

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The Toyota GR86, one of the greatest (and last) reasonably priced sports cars available, will receive major changes for 2025. Toyota is bringing back the Hakone Edition for people who also want a slightly more exclusive ride, but the modifications should make an already lively car even more pleasure to drive.

Let’s start with the updates. Toyota claims that the electronically powered steering and retuned dampers fitted to all 2025 GR86s will enhance handling response and increase the vehicle’s sense of ground touch. The electronic throttle control for vehicles using the 6-speed manual gearbox from the GR86 has been reprogrammed to respond more quickly. Torque control adjustments have also been made to the engine to improve downshift throttle blip functionality.

Cars with automatic transmissions are not excluded. For more adventurous driving, the six-speed units’ manual mode paddle downshift threshold has been raised by 1,600 rpm.

Regarding the Hakone Edition, this limited-edition model pays homage to the 2020 special edition of the 86 from the previous generation. The name honors the winding Hakone Turnpike, a well-known touge (mountain pass) road that passes close to Tokyo. The unique dark green finish on both Hakone Editions is evocative of the trees that border the pass.

The 2.4-liter flat-four’s 228 horsepower and 184 lb-ft of torque are unchanged for the Hakone Edition. However, just like other limited-edition GR86s, Toyota has added Sachs dampers to the suspension and Brembo 4-piston calipers with 12.8 x 1.3-inch rotors up front and two-piston calipers with 12.4 x.79-inch rotors at the back to enhance stopping power.

Hakone Editions will be distinguished from other models by a ducktail spoiler at the back and 18-inch bronze wheels in addition to the Ridge Green paint job. Inside, tan Ultrasuede upholstery, golden accents, and a unique shift knob complete the look. Naturally, Hakone badging is present throughout.

Though this is more than the 200 units available in Japan, there won’t be nearly as many as the 860 Hakone Editions that will be sold in the United States. Although the price has not been disclosed, demand is expected to be considerable because, when they go on sale in the fall of 2024, not even all 1,500 Toyota dealerships will be able to obtain one.

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Apple analyst Ming-Chi Kuo claims that the 48-megapixel Tetraprism camera on the upcoming iPhone 17 Pro Max will have improved zoom capabilities and better picture quality.

Kuo stated that the primary specification change will be a 1/2.6″ 48MP CIS sensor, rather than the 1/3.1″ 12MP sensor anticipated to be utilized in this year’s iPhone 16 Pro models, in his most recent investor note, which was posted on Medium.

Tetraprism telephoto lenses are anticipated to be available for the iPhone 16 Pro and iPhone 16 Pro Max in 2024, as opposed to the bigger Pro Max being the only device in the iPhone 15 series to have this feature. Thus, at least 5x optical zoom and at least 25x digital zoom will be available on both iPhone 16 Pro variants.

Kuo stated that he is not sure if the improved Tetraprism camera would be limited to the iPhone 17 Pro Max at this time. If it’s unique to the model, however, the two iPhone 18 Pro models will receive it in 2026. According to Kuo, the new Tetraprism camera needs specially constructed prisms with a reduced form factor in order to lower the camera’s height.

The analyst’s assessment supports a statement made by Haitong International Securities’ Jeff Pu last year. Pu stated in December that Apple Vision Pro will work best with the improved 48MP telephoto lens on the iPhone 17 Pro Max. When held in landscape configuration, the main and ultra wide lenses work together to record spatial video with enhanced depth. This feature allows current iPhone 15 Pro models to create spatial video with 3D depth for playback on the Vision Pro.

According to what Pu previously stated, the 48MP super wide lens will be included in both iPhone 16 Pro variants. This means that the iPhone 17 Pro Max will be the first iPhone model to include a rear camera system composed only of 48-megapixel lenses. The 48MP primary, 12MP ultra wide, and 12MP telephoto lenses on the latest iPhone 15 Pro models help to put that into perspective.

Looking further, Kuo said that the Tetraprism camera in the iPhones of 2027 will be significantly enhanced and feature a greater optical zoom. It would then no longer be referred to as a “Tetraprism” lens. This is most likely accomplished by lengthening the light path by increasing the number of prisms. The analyst stated that if the number of prisms increases, it might be necessary to reduce the prism size, which would increase the complexity of the prism design.

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