World Liberty Financial, a cryptocurrency project backed by former US President Donald Trump , began its token sale on Tuesday, but its website crashed shortly after.
The “whitelisting” process for the highly anticipated but still under-disclosed decentralized finance (DeFi) project opened on September 30 to only accredited investors and those outside the US. As of Monday, “over 100,000 people” had registered to purchase the WLFI token, project co-founder Zach Folkman told CNBC . As of press time, the site was back online.
However, according to blockchain data tracked on Etherscan, as of Tuesday afternoon, only 5,317 different wallet addresses held the token. World Liberty Financial noted that more than 532 million of the 20 billion tokens available for public sale in total had been sold.
WLFI advisor Sandy Peng told CoinDesk that the outages were caused by excessive traffic. “The team did not expect this level of interest,” Peng said, adding that the site received 72 million unique visits in the first hour after the token was launched.
CoinDesk reported that the WLFI token is currently non-transferable and will be used to manage the World Liberty Financial platform. Token holders will be able to vote on protocol updates, technical changes, promotional partnerships, and oversight of security risks. The platform will also allow users to lend and borrow cryptocurrencies.
While Trump and his team have promoted World Liberty Financial as a tool to help the unbanked and underbanked, only those who meet the U.S. Securities and Exchange Commission’s (SEC) accredited investor requirements can purchase the WLFI token. To become an accredited investor, a person must earn at least $200,000 (or $300,000 for a spouse) and/or have at least $1 million in net assets outside of their primary residence.
Donald Trump is working on the project with his three sons
World Liberty Financial released a document called the “gold paper” on Tuesday that listed Trump as its “lead crypto partner,” while his three sons — Eric, Donald Trump Jr. and Barron — serve as Web3 ambassadors.
According to the document, the World Liberty Financial protocol aims to provide users with access to third-party DeFi applications, digital wallet providers, and the ability to acquire, hold, and transfer stablecoins and non-securities digital assets. Specifically, the document states that the tokens are “not available to U.S. persons” and “not registered by U.S. authorities or other authorities.”
Microsoft’s new Xbox Series X model, which does not have discs, went on sale on October 15. This model, which is different in appearance with its white color and the absence of a disc drive, has a completely renewed interior design. Microsoft redesigned the motherboard of the white Series X and the new 2 TB capacity models, reduced the system on chip (SoC) size to 6 nm and switched to a new cooling solution.
YouTuber Austin Evans showed off these changes in a video where he examined the insides of the new models , and noted that the shrunken chip means the new models of the Xbox Series X use about 10 watts less power when idle than the original model.
The motherboard of the new Series X models has been completely reworked. Many components on the motherboard have been simplified, reduced in size or moved to different locations. The SSD’s cover is gone and the digital Series X model has an empty space where the disk drive used to be. Adding a disk drive later is also not possible, as the necessary connection points for the drive have to be soldered.
The cooling system has also been redesigned for the updated 6nm chip. The vapor chamber from the original model is gone, and Microsoft is using a more traditional copper heat pipe design. However, Evans noted that the exhaust temperature and noise levels on the new Series X models remain the same as the original model.
According to Evans’ findings, the first Series X models used around 61 watts of power when idle in the main Xbox menu. However, this drops to around 51 watts in the new 2TB special edition and just 38 watts in the digital Xbox Series X model. During gaming, the original Xbox Series X used 167 watts, while the model without discs used 156 watts and the 2TB model used 151 watts.
Microsoft’s data centers are equipped with hardware similar to the Xbox Series X.
While a 16-watt drop may not seem like much, it will have a significant impact on the energy usage of Microsoft’s Xbox Cloud Gaming platform. Microsoft uses Series X-like hardware in its data centers, and these smaller chips and a redesigned cooling system could allow cloud gaming servers to run more efficiently.
Ultimately, these changes to the internals of the new Series X models could make it more cost-effective for Microsoft to produce these consoles and make operating cloud gaming servers more efficient.
Microsoft Build 2024 Announces New Features for Windows and Microsoft Edge, Including AI Integration and New Developer Tools
This material was written by AI as part of an experiment by RBC Trends to interact with an “employee” based on neural networks who writes news and creates images based on editorial requests.
At the Microsoft Build 2024 conference , new features for Windows and Microsoft Edge were presented, including the integration of neural networks into various services.
Copilot AI can perform tasks like a virtual employee: read emails, automate routine tasks, and help with onboarding new employees.
Phi-3-vision is a multimodal AI model that can process text and images and runs on mobile devices.
Microsoft Edge browser will get real-time video translation from platforms like YouTube and LinkedIn, with support for multiple languages.
Microsoft Teams will add the ability to use custom emojis in July 2024.
Windows Explorer will be integrated with Git, allowing developers to track file status, commit messages, and branches within the file system itself.
PowerToys for Windows 11 adds an AI-powered advanced clipboard feature that requires an OpenAI API key. You can access this menu by pressing Win + Shift + V, and then convert clipboard contents to formats such as plain text, Markdown, or JSON using the following keyboard shortcuts.
What does it mean
The integration of neural networks into Microsoft products reflects the global trend towards automation and the use of artificial intelligence to simplify work processes. Google and Amazon are also actively implementing AI into their services, creating competition in the market.
In particular, the integration of AI into developer tools, such as an advanced clipboard and Git support in Windows Explorer, helps improve productivity and simplify workflow.
Multimodal AIs such as Phi-3-vision enable improved interactions with devices, making them more intuitive and adaptive to the user’s needs.
The real-time video translation feature in Microsoft Edge can significantly improve content accessibility for users around the world by eliminating language barriers.
This new formation aims to increase compatibility and consistency for the x86 architecture . The advisory group’s goals include providing developers with more open and standardized architectural guidelines. Tech giants such as Google, Microsoft, and Meta also participated in the project, while Lenovo stood out as the host of the event. The group plans to gather feedback from different players in the industry, both on the hardware and software side. This initiative is considered not only to improve technical compatibility, but also as a strategy to maintain the existence of the x86 platform against the increasing influence of the ARM architecture .
Apple’s move away from Intel processors and towards ARM-based Apple Silicon signaled a significant change in the processor market. In recent years, ARM-based processors have come to the forefront with their low energy consumption and high performance features. Companies like Qualcomm have also begun to develop powerful chips compatible with the Windows operating system using the ARM architecture. Qualcomm, which has faced various difficulties in this area in the past, has recently overcome these obstacles, further intensifying the competition.
Intel and AMD, the two main players in the x86 architecture, are closely following these developments. While the CEOs of both companies made statements at Lenovo Tech World that the x86 platform is still strong, the concerns of the industry cannot be ignored in the face of ARM’s increasing influence. The establishment of the x86 Advisory Group stands out as a strategic step to respond to these concerns and ensure the future of the platform
Standardization and platform compatibility are highlighted
The advisory group’s priorities include developing a harmonious structure between Intel and AMD products . In order to ensure consistency in user experience, the two companies aim to set interface and hardware standards. Industry experts point out that this step could create a more predictable ecosystem for developers. In particular, introducing standardized interfaces on x86 products could make it easier to seamlessly integrate different devices.
While solutions focused on ARM architecture are becoming increasingly widespread, Intel and AMD’s collaboration is interpreted as an effort to protect x86’s dominance. However, it is not yet clear to what extent this collaboration will be able to compete with ARM’s low energy consumption and portability advantages. The standards to be developed through the collaboration of chip manufacturers promise to provide a more consistent ecosystem for developers and manufacturers. However, it remains to be seen how much these steps will affect ARM’s market share.
As recent technological changes reshape the future of processor architectures, the formation of the x86 Advisory Group is seen as part of the platform’s struggle to survive. This joint move by Intel and AMD will not only increase competition, but also seem to determine how the industry will evolve in the future.
Elevate your game in 2024 with our insider’s guide to the latest event technology trends and tools. From creating immersive virtual experiences to harnessing the power of AI analytics, we’ve compiled the essentials to supercharge your events and keep you at the forefront of the industry. Get ready to revolutionize your event management tech stack and transform your events into cutting-edge showcases of innovation and success!
Event technology refers to the use of various technological tools and solutions to enhance and streamline the planning, execution and overall experience of events. This encompasses a wide range of applications and innovations designed to optimize different aspects of the event management process.
One of the key components of event technology is event management software, which helps organizers with tasks such as event planning and promotion, as well as registration, ticketing, and attendee management. These tools contribute to efficient planning and organization, reducing manual effort and minimizing the potential for errors. Overall, event technology continues to evolve, offering innovative solutions to make events more productive, interactive, and memorable.
II. The Best 2024 Event Technology Trends of the Decade
Buckle up for an exciting journey into the future as we reveal the key event technology developments that will define 2024. The coming year promises to be a game-changer for event planners, with cutting-edge innovations that will elevate your events to unprecedented heights. Here’s a sneak peek at the key event technology trends shaping the landscape:
In 2024, we expect a surge in Extended Reality (XR) applications that combine the best of virtual and augmented reality. This transformative event technology will take immersive experiences to the next level, allowing attendees to interact with their surroundings in ways previously unimaginable. XR will blur the line between physical and digital space, delivering a truly unforgettable event journey.
Major software companies are leading the way in the field of Extended Reality (XR) experiences for events. virbela specializes in creating immersive 3D virtual environments for events and collaboration. Another notable player is Subspace VR , now part of Microsoft, which offers a social VR platform for virtual events and conferences. In addition, vSpatial focuses on virtual collaboration with applications that extend to dynamic and interactive virtual events.
These companies exemplify XR’s expanding role in the event technology landscape, transforming the way attendees will attend and engage at events in 2024 and beyond.
2. 5G Integration
The introduction of 5G technology will revolutionize event connectivity, paving the way for faster, more reliable communications. This advancement will also allow event planners to leverage high-speed internet for seamless virtual interactions, real-time streaming, and enhanced interactivity. Say goodbye to connectivity issues and hello to a new era of instant, high-quality communications with this new event technology.
3. Personalized AI Experiences
AI will continue to play a major role in events, but in 2024, it’s all about personalization. AI algorithms will analyze attendee preferences, behaviors, and feedback to tailor event experiences on an individual level. From personalized agendas to curated content recommendations, expect AI to be your ultimate event technology ally in crafting events that will appeal to every attendee.
For example, Timely recently introduced an innovative AI Content Assistant tool. Something that not only enhances event descriptions, but also creates them from scratch. This cutting-edge solution is designed to transform the way event details are presented. Not just to enhance, but also to create flawlessly engaging and captivating descriptions. Say goodbye to the ordinary and hello to the extraordinary with Timely’s AI assistant that enhances your event descriptions. We make them more appealing and enticing to your audience.
ChatGPT, Namelix, and Fotor are also pioneering innovative solutions for events, some with AI tools . ChatGPT uses advanced language models to create personalized conversational experiences and increases attendee engagement through customized interactions.
Meanwhile, Nameliks leverages AI algorithms to customize event branding, creating unique and memorable identities that fit individual preferences. Additionally, Fotor leverages AI-powered design tools to curate visually appealing content, ensuring event materials are not only personalized but also visually captivating.
4. Blockchain for Event Security
While security concerns remain a top priority, blockchain technology will come to the fore to ensure the integrity of event data.
Unlike its widespread use in digital currencies, blockchain’s decentralized and tamper-proof properties are becoming crucial to protecting various aspects of events, from ticketing to attendee information. By providing a secure foundation, blockchain not only reduces risk but also strengthens trust in event transactions. That’s why we’re addressing security issues with a new and robust approach.
5. Sustainable Event Technology Solutions
With sustainability now in the spotlight globally, event tech is set to follow suit. Forecast eco-friendly solutions on the rise in 2024 , from energy-efficient event platforms to sustainable materials in XR experiences. Event planners will also have the tools to reduce environmental impact without sacrificing innovation and engagement.
In the field of Sustainable Event Technology Solutions, several software companies are promoting eco-friendly practices. Timely stands out as a prime example, a platform that promotes events online, eliminating the need for traditional printed flyers and calendars. Timely’s focus on digital promotion aligns with its sustainability goals, reducing paper usage and waste associated with physical materials. Furthermore, Timely facilitates online ticketing by replacing printed tickets with electronic versions, further contributing to a more environmentally responsible approach to events.
Many software companies are at the forefront of Sustainable Event Technology Solutions. Gathering Board offers eco-friendly event promotion and management solutions by highlighting digital alternatives to traditional promotional materials. It allows organizers to reduce their reliance on printed materials and adopt eco-friendly practices in event planning.
Collectively, these companies represent a growing trend toward incorporating sustainability into event technology, as they provide organizers with the tools to host successful, environmentally responsible events.
6. Participant Accessibility Tools
Prioritize inclusivity by integrating the latest technologies in 2024 attendee accessibility Incorporate event technology tools into your events. From real-time captioning and sign language interpreting services to accessible event materials, these tools enable every attendee, regardless of ability, to fully participate and enjoy the event experience. Embrace technology that creates a welcoming environment for everyone, making your events truly accessible and enriching.
When it comes to Participant Accessibility Tools in 2024, many software companies are leading the charge to promote inclusivity. Timely stands out as a notable option that offers accessibility. The online event calendar allows organizers to promote events online and present information in an easily accessible format. Timely’s emphasis on digital promotion helps make event information widely accessible.
Another major player is Olayda, which provides a comprehensive event management platform with accessibility features such as real-time captioning and multi-language support, making event content accessible to a diverse audience.
Ava specializes in real-time captioning services that enable live captioning of events, presentations, and talks. This tool also increases accessibility for deaf attendees, providing a more inclusive event experience.
Additionally, sli.do focuses on audience participation through interactive features and live voting, allowing all participants, including those with varying abilities, to actively participate in discussions.
By integrating these tools into your events, you can prioritize inclusivity, making your events accessible and enriching to all attendees, regardless of their abilities.
7. Wearable Technology
Explore the vast potential of wearables to enhance attendee experiences. Whether it’s smart badges for seamless check-ins, fitness trackers for interactive wellness sessions, or augmented reality glasses for immersive content, wearables are enabling a hands-free, personalized approach to engagement and future trends in event technology. Upgrade your event logistics, streamline networking, and deliver real-time insights to attendees at their fingertips. All while creating a tech-savvy, memorable experience.
Additionally, a number of software companies are contributing to an enhanced attendee experience. ÇiftDutch offers a comprehensive event app that integrates with smart badges and streamlines the check-in process. Providing a seamless way for attendees to participate in a variety of event activities. gym, The app, known for its fitness trackers, is expanding its app to include interactive wellness sessions during events. By actively encouraging attendees to participate and promoting a holistic event experience.
Another notable player is DAQRI, which specializes in augmented reality (AR) solutions, including AR glasses that can be used for immersive and personalized event content. These glasses offer the possibility for dynamic presentations, interactive exhibits, and engaging experiences, thus adding a layer of innovation to event technology.
Additionally, Eventbase provides a platform that can integrate with wearable devices, offering features like location-based alerts and personalized agendas. This enhances the overall event experience by ensuring attendees have real-time information at their fingertips.
8. Contactless Entry Activity Technology
Security and efficiency come to the fore with contactless check-in solutions. Simplify the check-in process by implementing contactless registration and access control systems. Participants can easily check-in using mobile applications or QR codes. Therefore, reducing physical contact from the moment they arrive and creating a seamless and safe experience.
Timely stands out as an excellent choice due to its QR code scanning capabilities for attendee check-in. Timely’s platform streamlines the check-in process by allowing event organizers to seamlessly implement contactless registration and access control systems.
By combining these solutions, event organizers can prioritize safety and efficiency, so we offer attendees a seamless and secure experience from the moment they arrive.
9. Smarter Networking and Lead Capture
Revolutionize networking opportunities with smarter tools that go beyond the traditional business card exchange. Leverage AI-driven matching algorithms to connect attendees with similar interests and make networking more meaningful. Simultaneously, streamline lead capture processes with digital tools that allow attendees and sponsors to effortlessly gather valuable information. Therefore, ensure a seamless flow of connections and opportunities.
Leadature is an advanced lead capture app that lets you pre-qualify leads at trade shows and exhibitions. It offers barcode and NFC scanning capabilities for effective lead capture. However, considering its relatively higher price point, Leadature may be more suitable for medium to large businesses. Also considering its robust features.
Moreover, iCapture stands out as an offline lead capture app. It is a standout product in precise data transcription for business cards and trade show badges. Differentiating itself from OCR-based apps, iCapture takes a unique approach. All this is achieved by sending captured images to real people for transcription and data verification, ensuring accuracy. The app efficiently organizes all lead data in a user-friendly spreadsheet accessible from their website. Notably, iCapture seamlessly integrates with popular CRM and marketing automation platforms for added convenience.
Together, these software solutions showcase the evolving landscape of event technology, offering tools that leverage digital solutions to enhance networking experiences and streamline lead capture processes.
10. Live Translation Event Technology
Eliminate language barriers and facilitate global engagement with live translation technology. In 2024, real-time language translation services will allow attendees to access event content in their preferred language. So encourage inclusivity and expand the reach of your events. From keynotes to interactive sessions, live translation ensures that language differences do not hinder the exchange of ideas and experiences. Create a truly international and connected event environment.
One notable example is Commenta, which specializes in real-time language translation services for events. Their platform allows attendees to access live translations in their preferred language, ensuring seamless communication across various event components, such as keynotes and interactive sessions.
Similarly, EVERYWHERE provides a cloud-based platform for multilingual meetings and events, offering live translation services. Participants can effortlessly connect and participate in real-time discussions, encouraging inclusivity and creating a truly international and interconnected event environment.
Another major player is VoiceBoxer, which offers a platform specifically designed for multilingual events. VoiceBoxer caters to different language preferences through live translation services, thus facilitating global participation and making event content accessible to a wider audience.
III. harness Timely 2024 Event Technology for your events
In the rapidly evolving event planning landscape, key capabilities with Timely event management software 2024 can redefine the success of your events. From AI-driven event description enhancements to accessible online calendars , this software equips your team to comprehensively manage the complexities of modern event planning. Help Center .
The software’s dynamic online event calendar feature stands out by encouraging real-time collaboration and adaptability. With the ability to seamlessly update programs, speakers, and sessions, Timely empowers event managers to respond quickly to changes, ensuring the smooth flow of events.
Moreover, Timely enhances the attendee experience by excelling in registration and ticketing functionality. Offering customizable registration forms and secure checkout processing . These features not only simplify logistics but also provide organizers with valuable insight into registration metrics.
Timely’s powerful toolset aligns perfectly with the evolving event technology trends of 2024. By strategically leveraging these capabilities, Timely becomes your key ally in organizing success. Adapting to trends, engaging attendees, and delivering extraordinary events.
Accelerate Your Business’s Revenue Stream with Payment Orchestration!
Easy Integration & Reduce Payment Costs
Increase Turnover with a Hassle-Free Payment Step
Expanding Your Customer Base by Diversifying the Payment Step
Conclusion
Today, it is of great importance for businesses to diversify their income streams in order to achieve sustainable growth and remain financially secure. When it comes to income stream diversification, the first thing that comes to mind is to increase the earnings from different sources and save businesses from being dependent on a single source. However, one of the simplest and most effective steps a business can take to diversify its income stream is to optimize its payment processes and the channels through which it receives payments.
In this article, we will touch on the advantages that businesses can gain by diversifying their income streams and touch on the convenience offered by payment orchestration platforms to optimize their existing income sources.
How to Diversify Income Streams?
Diversifying revenue streams is a critical strategy for a business’s sustainable growth and financial health. Relying on a single source of revenue can leave businesses at risk and limit growth potential.
By diversifying your income stream, you can reduce these risks and ensure that your business has a more robust and flexible structure. Some methods that can be followed for income stream diversification can be listed as follows:
Developing a New Product or Service: Offering new products or services to your existing customer base is one of the most effective ways to diversify your revenue stream. These new products or services may be compatible with your current business model or may appeal to an entirely new market or customer segment.
Recurring Revenue Model: When it comes to recurring revenue, one of the first models that comes to mind is subscription models. The subscription model provides businesses with a regular and predictable income stream. It makes cash flow more consistent and makes long-term financial planning easier. By offering your products or services with a subscription model, you can generate regular income from your customers.
Operating in Different Geographies and Market Segments: In the globalizing world, you can also benefit from the opportunities offered by different markets by doing international trade.
Although “diversification of income sources” is perceived as increasing income from different sources, optimizing existing incomes is also a part of the strategy that serves this purpose.
The steps that can be taken to optimize existing income sources are as follows:
Benefit from Payment Optimization: By offering your customers various payment options, you can appeal to a wider audience. In addition, many errors or interruptions in the payment step cause payment transactions that could have been successful to fail. This means a loss of turnover. Being able to receive payments even in system errors or virtual POS interruptions increases your business turnover. In addition, reducing the amount you pay for payment commissions will also provide a cost advantage, which will help you optimize your income stream.
Leveraging Orchestration Solutions for Payment Optimization: Payment orchestration platforms help businesses diversify their revenue streams by allowing them to easily connect to different payment service providers. It also increases profitability by optimizing transaction costs and allows for efficient management of revenue sources. By switching between different payment service providers, you can use the most cost-effective or fastest transaction options, thus optimizing your revenue stream.
6 Benefits of Diversifying Your Income Stream:
Diversifying your income stream protects businesses from the risk of being dependent on a single source of income by increasing revenue from various sources. The 6 main advantages of diversifying your income stream can be listed as follows:
Financial Security and Risk Reduction: Having multiple sources of income makes your business more resilient to economic fluctuations. Otherwise, depending on a single source of income can create serious financial difficulties if that source is lost. Diversifying your income streams spreads this risk and stabilizes your business’s income.
Better Cash Flow Management: Businesses that diversify their income streams have a much more predictable cash flow. Different sources of income balance out seasonal or seasonal fluctuations, allowing the business to manage its finances on solid foundations.
New Growth Opportunities: Diversifying revenue streams offers businesses the opportunity to enter new markets and reach different customer segments. This allows them to expand their customer base and increase business by offering new products or services.
Competitive Advantage: Businesses that diversify their income streams have a more flexible and durable structure compared to their competitors in the sector. Different income sources increase the competitiveness of businesses and enable them to adapt more quickly to changing market conditions.
Long-Term Sustainability: Diversifying income streams allows businesses to continue their operations in the long term. Income from different sources helps the business to survive and increase its future growth potential.
Access to More Customers: Diversifying your revenue streams provides many opportunities to access more customers.
Steps you can take to diversify your income stream:
Developing new products or services that appeal to different customer segments,
entering different geographic markets or sectors,
to create a revenue stream in international markets or
Steps like using different sales channels expand the customer base you reach.
This way, you not only strengthen your business’s financial position but also increase its growth opportunities, enabling it to achieve long-term success.
Accelerate Your Business’s Revenue Stream with Payment Orchestration!
In today’s competitive environment, strengthening and increasing the income stream has become an indispensable necessity for businesses. As we mentioned above, there are many ways to diversify the income stream, such as opening up to new markets or diversifying the product/customer segment. However, due to high costs, choosing these methods is often not the first option for businesses.
At this point, optimizing existing processes is one of the most effective steps businesses can take. In this context, solutions such as minimizing payment-related errors, reducing labor costs in integration processes specific to payment infrastructures, increasing payment options, and taking measures to reduce commission expenses can offer serious opportunities to businesses.
At this point, payment management platforms appear as strategic solution partners of businesses.
In order to strengthen and accelerate your revenue stream, we can evaluate the advantages that orchestration platforms will offer to your business under the following headings:
Easy Integration & Reduce Payment Costs
When you have agreements with different payment service providers during the payment step, you not only reach a wider customer base, but you can also benefit from competitive commission rates from different payment providers.
However, integrating different payment service providers separately means labor, time, and financial costs for your business.
Payment orchestration platforms eliminate separate integration processes for different payment providers and allow you to access them all from a single point. The cost advantage offered by orchestration platforms is not limited to the integration cost.
For example, Craftgate ’s payment orchestration Smart and Dynamic Payment Routing solution helps merchants automatically route their payment requests to the most advantageous provider they have an agreement with. This way, merchants always collect their payments through the provider with the lowest commission rate. This allows them to significantly reduce the amount they pay in payment commissions.
For more detailed information, you can also review our article titled “ Directing Payments to the Virtual POS with the Lowest Commission ” , where we explain how you can gain cost advantage in your payment processes .
Increase Turnover with a Hassle-Free Payment Step
Payment service provider solutions, since they are software systems, may experience downtime from time to time. However, these downtimes may not always be tolerated. Because when your customer presses the “pay” button, if there is an outage at the provider that the payment will be made to at that moment, they cannot make the payment. This situation causes a loss of turnover for your business. Therefore, your business’s income stream is interrupted.
Payment orchestration platforms are one of the effective solutions you can use to avoid being affected by these possible interruptions.
For example, Craftgate’s Autopilot feature redirects incoming payment requests to another payment service provider in the event of an outage in one of the payment providers that the merchants have an agreement with, without the need for any manual action.
In this way, member businesses can receive payments without being affected by deductions, they do not experience any possible turnover loss and their income flow processes are not negatively affected.
Expanding Your Customer Base by Diversifying the Payment Step
Payment orchestration offers businesses the opportunity to diversify the payment step and revenue stream to expand their customer base. Offering your customers a variety of alternative payment methods (APMs) can enhance the shopping experience and help you appeal to a wider audience. These methods are vital for reaching new customers, especially when you’re launching operations in different geographic regions.
For example, in Europe, popular payment methods like Stripe and Klarna allow customers to pay with options they are familiar and trust, which increases sales.
For example, thanks to the payment orchestration Craftgate, businesses can easily access different APMs and widely used international payment methods without having to deal with an integration process and cost.
Managing these various payment options through a single platform reduces technical challenges and integration costs while offering customers greater flexibility so they can compete in international markets, expand their customer base, and ultimately diversify their revenue streams.
AI can help you write code by using trained machine learning models to generate code based on your description of the problem. The models suggest the right code based on the context. While the automatically generated code may not always be perfect, it often gives developers a good starting point for writing programs quickly and efficiently.
During software development, AI helps speed up the process by offering autocomplete for boilerplate and repetitive code. These suggestions save time and effort as developers don’t have to search for information online.
AI uses natural language processing to generate code and identifies potential errors, allowing developers to release software faster. It helps analyze code, find issues, and suggest tests. AI also increases speed and productivity by automating routine tasks, testing user scenarios in large volumes, providing feedback on customer interactions with the software, and reducing errors in analytics for decision making.
How AI Code Generation Works
AI code generation uses algorithms trained on existing source code, often created as part of open source projects, and generates code based on these examples. Large language models (LLM) can process and understand language, write text, answer questions, and find patterns in language to predict text.
Currently, AI code generation works in three ways:
1. The developer starts writing code, and the AI tries to complete it.
2. The developer writes a comment in natural language, and the AI suggests what the code can do.
3. The developer communicates with the AI, for example, asking for something specific to write or to fix a bug.
When using an AI tool, it takes into account the context of the comments and code to suggest more lines of code. For example, the tool can use the text in the code editor for contextual suggestions. As the models evolve, the context will take into account more sources, which will give more accurate suggestions.
It is important to remember that the automatically generated code is not always perfect, but it is a good starting point. As with other tools, the suggested code should be tested and double-checked by programmers.
Benefits of Code Generation Using Artificial Intelligence
The main benefit of AI code generation is that it allows you to write code faster. AI takes care of routine tasks and writing tests, and developers can focus on more complex work that requires critical thinking and problem solving.
In a survey of over 2,000 developers, those who reported the greatest increase in productivity were those who accepted the most code suggestions from AI. The study also shows that when using an AI tool, 74% of developers said they were able to focus on more interesting work, 88% became more productive, and 96% were able to complete repetitive tasks faster. The ability to stay on task, make meaningful progress, and feel satisfied at the end of the day all increase developer productivity and satisfaction.
Another benefit of AI code generation is the use of testing tools that find errors and suggest fixes before deployment. These tools analyze the structure of the code and recommend security improvements.
How AI Code Generation Is Used in the Development Process
AI and AI-based code generation play a vital role in the entire software development process. It makes development faster and better by:
1. Improving requirements documentation. Gathering, reviewing, and tracking software requirements can be confusing, but AI helps you get it right the first time. AI helps identify ambiguous or incomplete requirements and suggests improvements, improving their quality.
2. Source code analysis. AI uses algorithms trained on code from open source projects to find patterns that can lead to errors. AI suggests tests for changes in the code to improve its quality.
3. Code suggestions. Understanding the context allows code generation tools to suggest lines or entire functions. Users can edit these suggestions to produce fast and maintainable code.
4. Test automation. Testing confirms that the software works as expected. AI helps write tests quickly and consistently, and when the code is merged, they are automatically implemented.
AI code generation tools simplify development, allowing you to develop faster. Using natural language to describe requirements and then translate them into code saves time. AI also helps teams create realistic plans based on past productivity data.
Developers use AI to:
– Correct spelling and syntax errors
– Use regular expressions to find patterns
– Improve programming skills
– Translate code between programming languages
However, it is worth noting that not all AI tools support every programming language.
The Impact of Artificial Intelligence on Software Development
AI code generation increases developer productivity and speeds up software deployment. Programmers spend less time writing code and creating tests from scratch, which allows them to spend more time on creativity and developing new features.
AI is truly changing the way we write code and is quickly gaining popularity in open source software development and in various companies. Tools that help generate new code and documentation, translate between programming languages, and reduce routine and repetition are becoming indispensable.
As trained language models and open source code improve, AI algorithms will become more accurate and efficient. Developers will be able to quickly receive code and feature suggestions, leaving more time for high-level innovation.
The Bluetooth SIG (Special Interest Group), which is responsible for standardizing Bluetooth technology, has announced the specifications for the next-generation standard, Bluetooth 6.0. This version, the first major update in eight years, introduces many new features to improve communication efficiency and optimize power consumption, including Bluetooth Channel Sounding, which enables highly accurate distance measurement.
Its biggest feature, “Bluetooth Channel Sounding,” combines two measurement methods, Phase-Based Ranging (PBR) and Round-Trip Timing (RTT), to achieve safer and more accurate distance measurement. This technology is expected to significantly improve the accuracy of lost devices, such as Apple’s “Find My Device” and Google’s “Find My Google Device.” In addition, the
digital key solution adds a new, robust security layer, allowing authorized users within a specified range to unlock doors and access secure areas. This is expected to improve the convenience and safety of smart home and corporate security systems.
Improved communication efficiency and audio experience
Bluetooth 6.0 also introduces several new features to improve communication efficiency. Decision-Based Advertising Filtering improves the advertising communication efficiency of BLE-compatible devices. Devices can now efficiently scan for related packets based on the contents of the packets they receive. In addition
, the Monitoring Advertisers function implements a mechanism to notify the host of the movement of the device in and out of range. This is expected to reduce unnecessary scanning and extend battery life. In terms
of audio, a new operating mode, Unsegmented Framed mode, has been added to Isochronous Adaptation Layer Enhancement (ISOAL), making it possible to maintain high sound quality while minimizing audio delay. The introduction of
the LL Extended Feature Set has expanded the device’s functional expression to 1984 bits, laying the foundation for future Bluetooth evolution. In addition, Frame Space Update allows for flexible adjustment of communication timing between devices, making it possible to optimally configure devices with various performance levels.
These new features are expected to further expand the range of applications of Bluetooth technology. In particular, the emergence of new IoT devices and services that utilize highly accurate positioning technology is expected. However, according to Apple news site 9To5Mac, the first Apple devices using Bluetooth 6.0 are expected to arrive no earlier than 2025.
On October 2, 2024, information leaked from an industry insider that Apple is developing its first smart home device. According to Bloomberg’s Mark Gurman, who is familiar with Apple, the company is currently developing two types of smart home devices.
The first is a relatively inexpensive device, codenamed “J490.” This device is expected to be used primarily with Apple’s video calling service FaceTime, and will also function as a smart home hub. The second device is more premium, codenamed “J595.
” This device is expected to be priced at over $1,000 (approximately and will feature a large display. Specifically, it is designed to resemble an iPad with a pedestal and a robotic arm, and is expected to have features unique to premium models, such as the display changing orientation according to the user’s movements.
Both devices are likely to be equipped with “HomeOS,” a new operating system that Apple is said to be developing. Gurman points out that these devices could be released as early as 2025.
New iPhone SE and iPad launch plans, and changes to Apple Intelligence strategy
Meanwhile, it has been revealed that Apple plans to launch a new product lineup early next year. According to a person familiar with the matter, production preparations are underway for a new model of the low-cost iPhone SE and a new iPad. The new
iPhone SE will be the first update since 2022, and is expected to feature 5G capabilities as well as a new design that eliminates the home button. In addition, it is expected that AI functions will be available at low prices by supporting the new generative AI (artificial intelligence) platform “Apple Intelligence” introduced in the iPhone 16 series. A
new iPad Air model is also planned to be released at the same time, and it seems that the main focus is on improving internal performance. An updated version of the “Magic Keyboard” is also said to be prepared for the new 11-inch and 13-inch iPad Air. These new products will be released just as Apple announced its own AI “Apple Intelligence” and equipped all models with AI functions in the latest iPhone 16 series.
However, just at that time, information emerged that the company had decided not to invest in OpenAI, causing a stir in the industry. According to a report from the Wall Street Journal, Apple has declined to participate in OpenAI’s funding round, which is estimated at about $6.5 billion. The reason behind this decision has not been disclosed, but it is speculated that this may be a change in Apple’s AI strategy. The
original plan was to integrate OpenAI’s “ChatGPT” and “GPT-4” and make them accessible via the voice assistant Siri. It is unclear how this decision will affect Apple’s partnership with OpenAI, but market participants are concerned. Will Apple focus more on its own AI development, or will it seek to partner with another AI company?
The “mibot,” a small one-seater electric mobility vehicle developed by KG Motors, a venture company in Higashi-Hiroshima City, Hiroshima Prefecture, has been met with a response that exceeded expectations. Reservations began on August 23 and achieved 300 reservations in just three days, and 1,000 reservations in about a month.
The mibot is a four-wheeled EV that meets the standards of a miniature moped. It is compact, with a total length of 2,490 mm, total width of 1,130 mm, and total height of 1,465 mm, but is spacious enough for one person to ride. It has a maximum speed of 60 km/h and can travel 100 km on a single charge. It is also highly convenient, as it only takes about five hours to charge with a household AC 100V power source.
The price is 1 million yen including tax. At first glance, it may seem expensive, but it has an overwhelming advantage in terms of maintenance costs. According to KG Motors’ calculations, the maintenance cost for a year of driving 10,000 km is about 18,000 yen. This is an astonishingly low cost, about one-tenth of the annual maintenance cost of a minicar, which is about 168,000 yen.
The mibot is characterized by its fusion of a retro, nostalgic design and advanced functions. It features two round headlights and a transparent glass roof, and the interior is equipped with air conditioning, seat heaters, and a display monitor as standard. There is also a luggage compartment that can carry up to 45 kg of luggage.
New mobility possibilities to support the future of rural areas
Kazunari Kusunoki, CEO of KG Motors, has an unusual background, having originally published his EV development on a YouTube channel called “Kussun Garage Motors.” Kusunoki says that the development of the mibot is based on his desire to “support the future of rural areas.”
Currently in Japan, statistics show that about 70% of car travel distances are less than 10km, and about 70% of passengers are alone. Meanwhile, public transportation in regional cities is declining, making it difficult to move freely without a car. In light of this situation, KG Motors has found a need for an ultra-compact EV that is suitable for one person and specialized for short-distance travel. In a survey of those
who reserved the mibot, about 94% said they were using it for personal use, and the most common reason for purchasing was “because I’m excited about a new vehicle” (about 33.9%). This result shows that the mibot is creating new demand and value that is different from the traditional corporate market.
KG Motors will start production of the mibot in the fall of 2025, aiming for full-scale mass production of 300 units in the first year and 3,000 units in fiscal 2026. In addition, the company is looking to produce 100,000 units per year in the future, and Mr. Kusunoki is enthusiastic about the project, saying, “We want to create a model that will be loved globally for a long time, like the Honda Super Cub.”
