Category: Technology News

Technology News

Energy Department’s new place to explore offshore-wind technology

The Energy Department (DOE) has established a center of excellence for accelerating offshore wind energy. DOE describes it as an academic and training hub helping the goal of 30 gigawatts of offshore wind energy by 2030. For more on the Federal Drive with Tom Temin, Federal News Network’s Eric White spoke to program analyst Laura Hastings and University of Massachusetts civil engineering professor Sanjay Arwade.

Laura Hastings This project came together because in our federal government’s fiscal years ’22 and ’23, Congress directed us the Wind Energy Technologies Office to fund, and I’m quoting here, Congress. Centers of Excellence focused on offshore wind energy engineering, infrastructure, supply chain, transmission and other pertinent issues required to support offshore wind in the United States. So centers of excellence are hubs of subject matter expertise within a specific focus area that do research, provide insight and develop best practices and innovative solutions. So in March 2023, we put out a funding opportunity notice, and after a thorough process, announced the award earlier this month.

Eric White And Sanjay, why don’t you tell us about how you got involved in this and who made first contact or was this kind of your baby?

Sanjay

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Technology News

Embracing the Technological Wave: A Deep Dive into Technology News

In an era defined by rapid advancements and digital transformations, Technology News stands as the cornerstone of our modern information age. It serves as a conduit through which we navigate the ever-changing landscape of innovation, uncovering the latest breakthroughs, trends, and disruptions shaping our world.

Technology News isn’t just about reporting on the latest gadgets or software updates; it’s about delving into the heart of technological progress and understanding its implications for society. From artificial intelligence (AI) to blockchain, from cybersecurity to biotechnology, the topics covered in Technology News span a vast and diverse array of fields, each with its own unique set of challenges and opportunities.

At the forefront of Technology News lies the realm of artificial intelligence (AI), a field that continues to captivate and intrigue with its potential to revolutionize industries and redefine human-machine interactions. Whether it’s the latest advancements in machine learning algorithms or the ethical dilemmas posed by autonomous systems, Technology News keeps us informed and engaged in the ongoing conversation about the future of AI.

Similarly, blockchain technology has emerged as a disruptive force in Technology News, promising to decentralize power structures, streamline transactions, and enhance security across a …

Technology News

Securities finance technology news | Hazeltree launches version 11 of treasury and liquidity management platform

Software company Hazeltree has launched version 11, a series of enhancements to its treasury and liquidity management platform.

The upgrade will provide hedge fund and private markets clients with enhanced user experience, increased ease of remote access and more robust security, says the firm.

Key updates to the platform include secure remote access — the removal of the requirement for IP whitelisting allows clients to access Hazeltree solutions from a laptop or remote work location.

Version 11 also includes a mobile approver app, enabling users to approve or decline transactions, while fund admins can “switch companies” to support multiple clients.

“We are excited to unveil the latest product updates across our alternative asset ecosystem,” said Richard Winter, chief technology officer at Hazeltree.

He adds: “Our security revamp serves as the foundation for new capabilities to allow workflows, especially for individuals on the move, solving a particular pain point for clients.”

Stephanie Miller, CEO of Hazeltree, comments: “We have extensive plans for continued updates in the year ahead as we continue to scale the business and expand our product suite.”

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Technology News

Nordic Technology Group Reports Full Year 2023 Earnings

Nordic Technology Group (OB:NTG) Full Year 2023 Results

Key Financial Results

  • Net loss: kr139.3m (loss narrowed by 36% from FY 2022).
earnings-and-revenue-history
OB:NTG Earnings and Revenue History March 5th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nordic Technology Group shares are up 1.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we’ve spotted 3 warning signs for Nordic Technology Group you should be aware of, and 1 of them shouldn’t be ignored.

Valuation is complex, but we’re helping make it simple.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does

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Technology News

Micron Technology Poised for Growth On Strong AI Demand As Industry Enters The Most Significant Memory Cycle: Analyst

Rosenblatt analyst Hans Mosesmann reinstated Micron Technology Inc (NASDAQ:MU) with a Buy and a $140 price target.

The analyst expects Micron to deliver a beat and increase on Wednesday, March 20, on AI-driven segment demand, a bottoming in the broader markets (recovery in the second half of calendar year 2024) amid the industry’s disciplined supply memory posture.

As the industry enters the most significant memory cycle, the setup is a narrative that will be fed this week at Nvidia Corp’s (NASDAQ:NVDA) GPU Technology Conference (GTC), given that AI compute platforms cannot scale without DRAM content and high-performance HBM, he said.

Also Read: Samsung Takes Steps To Revamp Chip Manufacturing To Align With Nvidia’s AI Requirements: Report (UPDATED)

One of the more critical Micron-specific themes to watch is the company’s design momentum in HBM3E on performance and efficiency specifications unmatched by competitors, which he noted leading to double-digit market share.

Interestingly, Mosesmann noted the company’s HBM3E is capturing “sockets” exclusive to this round of new accelerator product ramps.

Micron remains the analyst’s top cyclical pick in the current memory cycle, which he noted will be one of the biggest in history, consistent with his Mother of All Cycles (MOAC) secular view.

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Technology News

Unraveling the Tapestry of Technological Advancements: A Dive into Technology News

In the ever-evolving landscape of technology news, every day brings forth a tapestry of innovations and breakthroughs that shape our future. From the depths of scientific research labs to the bustling corridors of tech giants, the world of technology news is a kaleidoscope of ideas and advancements.

Technology news serves as the heartbeat of our digital age, pulsating with updates on the latest developments in fields such as artificial intelligence (AI), quantum computing, and biotechnology. It’s a realm where groundbreaking discoveries and paradigm shifts are commonplace, constantly pushing the boundaries of what’s possible.

In the realm of AI, researchers are delving into the intricacies of neural networks and deep learning algorithms, unlocking the potential for machines to comprehend and process data with human-like precision. This intersection of neuroscience and computer science holds the promise of revolutionizing industries ranging from healthcare to finance.

Quantum computing, with its quantum bits (qubits) and entanglement phenomena, stands at the forefront of computational power, promising exponential speedups for complex problem-solving tasks. As research in this field progresses, we inch closer to a future where calculations that once took millennia can be completed in seconds.

Biotechnology is another frontier …

Technology News

‘AI isn’t just a buzzword’: Flipkart’s Chief Product and Technology Officer Jeyandran Venugopal on tech evolution

In the rapidly evolving landscape of Indian e-commerce, technology is not just a tool but the cornerstone of success. Flipkart, India’s leading e-commerce platform, stands at the forefront of the evolving e-commerce business in India. In a recent interaction with Business Today, Jeyandran Venugopal, Chief Product and Technology Officer at Flipkart shared insights into the company’s approach towards technology, its role in shaping the future of e-commerce, and its commitment to next-gen innovation.

PD: Can you talk about Flipkart’s technology infrastructure at large? How do you see it evolving?

JV: Flipkart’s robust ecosystem is supported by the latest technology and innovation. As the Indian e-commerce landscape continues its rapid evolution, we understand that agility and responsiveness are key to success. That’s why we’re constantly innovating and evolving our technology infrastructure, integrating new solutions that enhance our capabilities and deliver exceptional customer experiences.

From interactive interfaces to leveraging cutting-edge innovations like GenAI-powered virtual assistants like Flippi, dedicated virtual worlds for brands and our own Flipverse, powered by 3D and AR visualization technologies, we’re committed to harnessing the power of technology to create a seamless and immersive shopping experience for every customer. These immersive experiences, coupled with AI-powered product recommendations and data-driven

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Technology News

Vodia and Your Technology Roadmap

Are you an SMB looking for cutting-edge technology to help grow your business, but you don’t know where to start? Perhaps it’s time to consider drafting a technology roadmap. Like any good map, a technology roadmap provides you with directions and destinations. It’s an effective way to organize your company’s IT strategy.

In the wake of the COVID-19 pandemic, a number of technologies made it so SMBs could operate with dispersed workforces while streamlining operations. These technologies, built for the cloud, gave companies an entirely new way to conduct business. Many companies, however, were thrown into the fray during the pandemic and forced to improvise – a Zoom meeting here, group cell phone calls there…it was catch as catch can, and many SMBs didn’t, and still haven’t, put together a roadmap for the deployment of a suite of technologies to take their businesses further.

A roadmap that lines up with your objectives and details how the technology you are already using, as well as the technology you haven’t yet considered, can make your business more efficient and more effective. It should be dynamic and reviewed and updated periodically, so as to take operational changes and new technologies into consideration alongside

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Technology News

Dell to employees: Work from home, but you will not be promoted; read memo |

Dellformerly recognized for its accommodating remote work policies, has implemented a strict return-to-office directive, causing discontent and a sense of unfairness among numerous employees. As reported by Business Insider, the new policy, effective from May, categorizes employees as either “hybrid” or “remote,” with remote workers potentially facing promotional limitations.
Under the new policy, employees have two work arrangement options: hybrid modewhich requires coming into an approved office at least three days a week, or remote mode, which allows them to work from any location outside the office. However, while remote workers can continue working from home, they will not be considered for promotions or role changes within the company.
What the Dell memo says“For remote team members, it is important to understand the trade-offs: Career advancement, including applying to new roles in the company, will require a team member to reclassify as hybrid onsite,” reads the memo sent to employees.
Dell’s new return-to-office mandate represents a notable departure from the company’s previous position on remote work, which was strongly supported by founder and CEO Michael Dell. In a 2021 interview with CRN, he said that Dell’s expanded work-from-home culture was “absolutely here to stay.”
Michael even
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Technology News

Sony reportedly stops PS VR2 production to clear existing inventory | Technology News

Sony may be working on a PlayStation 5 refresh, but the company has reportedly paused production of the PS VR2 headset to clear existing inventory, according to Bloomberg. The news came just over a year after the headset made its global debut in February last year, with some IDC analysts hinting that the company sold only 1.7 million units in 2023.

Throughout last year, Sony’s sales figures have been gradually dipping. While hardware sales often see a spike after holidays in the United States, the last quarter of 2023 was the sluggish for Sony’s PS VR2 headset, with the company selling just 3,25,000 units.


Sony PS VR2 The PS VR2 is more expensive than the PlayStation 5. (Image Source: Sony)

The Sony PS VR2 headset has four tracking cameras, offers a resolution of 4K per eye and has a 120Hz OLED screen. Similar to the Apple Vision Pro, it comes with a passthrough mode that lets you see the surroundings. However, unlike Apple’s and Meta’s standalone headsets, the PS VR2 requires the wearer to connect to the PlayStation 5.

One of the reasons why the PS VR2 headset hasn’t seen much success is the lack of compatible titles. To date, Sony has launched

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