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‘European deeptech sector receives €214M funding from Vsqared Ventures’

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June 12, 2024

‘European deeptech sector receives €214M funding from Vsqared Ventures’

Vsquared Ventures recently announced the closure of its largest European early-stage deeptech fund, totaling €214M. This funding will be directed towards startups in various sectors such as AI, new space, robotics, energy transition, new computing, and biotech.

With the closing of Vsquared II, the company’s assets under management now amount to approximately €450 million. Vsquared’s portfolio consists of companies focused on highly technological solutions, including innovations in battery recycling, sustainable space access, biomarker measurement systems, next-gen sequencing, hydrogen production, chip patterning technology, space-based insights, and in-memory computing.

The venture is led by GPs Lise Rechsteiner, Thomas Oehl, Herbert Mangesius, and Benedikt von Schoeler. They have previously supported deeptech companies like Isar Aerospace, Zama, IQM Quantum, Inbrain Neuroelectronics, and The Exploration Company. The GPs expressed their commitment to positioning Europe as a global deep tech powerhouse, emphasizing the importance of solving real-world problems through technology on a global scale.

Institutional investors, family offices, fund of fund investors, and individual players, including founders, provided the capital for this fund. Notable investors include Novo Holdings, Lombard Odier Investment Managers, NATO Innovation Fund (NIF), EIFO, European Investment Fund (EIF), KfW Capital, and Lingotto.

Sören Thinggard Jensen, Senior Partner and Head of Private Equity at Novo Holdings, praised Vsquared for its expertise in deep tech startups and its track record of investing in industry frontrunners. He expressed confidence in the partnership with Vsquared to support the next generation of European deep tech leaders.

‘Innovative Office Table Ideas to Boost Productivity’

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June 12, 2024

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‘Innovative Office Table Ideas to Boost Productivity’

In today’s fast-paced professional landscape, the traditional office table has evolved into a dynamic tool that enhances efficiency, fosters creativity, and promotes well-being in the workplace. Here, we explore innovative office table concepts reshaping the modern workspace to be a hub of productivity and innovation.

The Standing Desk Revolution

Standing desks have revolutionized office furniture design by offering a solution to the health issues associated with prolonged sitting. Studies have shown that standing desks not only improve posture but also increase energy levels and reduce the risk of chronic diseases. With various designs available, including adjustable models and those with built-in treadmills or balance boards, standing desks create a healthier and more dynamic environment that boosts overall efficiency.

Modular and Adaptable Desks

Flexibility is key in modern work environments, leading to the rise of modular desks that can be easily customized and rearranged to suit different needs. These desks allow for quick changes and easy assembly, offering endless possibilities for customization. By incorporating modular desks into the workspace, companies can ensure that their environment evolves with their needs, promoting efficiency and creativity.

Ergonomic Designs

Ergonomic desks tailored to the user’s body reduce strain and discomfort during long working hours. Features like adjustable height and built-in wrist rests help prevent injuries and promote a comfortable working posture. Investing in ergonomic furniture not only improves individual performance but also reduces the likelihood of workplace injuries, leading to higher overall efficiency and productivity.

Smart Desks

Smart desks integrate digital features like wireless charging stations and touch screens to enhance efficiency and organization. These desks can remind users to take breaks or adjust their posture, creating a more health-conscious workspace that supports digital workflows. Smart desks reflect the trend towards creating offices that prioritize employee well-being and productivity.

Collaborative Workstations

Collaborative workstations designed for teamwork and interaction foster open communication and idea sharing. With features like whiteboard surfaces and shared screens, these workstations encourage collaboration and problem-solving. Providing the physical space for teamwork is essential for innovation and efficiency in the workplace.

Biophilic Design Elements

Office tables incorporating biophilic design elements, such as natural materials and live plants, reduce stress and increase creativity. These designs create a calming and inspiring environment that improves air quality and fosters focus. By connecting employees with nature, biophilic design elements contribute to a harmonious and efficient workspace.

Minimalist Desks

Minimalist desks offer a clutter-free workspace that promotes organization and focus. With sleek lines and hidden storage compartments, minimalist desks encourage better time management and improved efficiency. The minimalist design aesthetic also contributes to a modern and professional office atmosphere.

The evolution of office tables reflects a broader shift towards creating workspaces that enhance efficiency, creativity, and well-being. By embracing innovative concepts like standing desks, ergonomic designs, smart features, and biophilic elements, companies can create dynamic and health-conscious environments that inspire employees to perform at their best.

Employees of the Rhode Island Department of Environmental Management acknowledged for their contributions to fisheries management, policy, and science.

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June 12, 2024

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Employees of the Rhode Island Department of Environmental Management acknowledged for their contributions to fisheries management, policy, and science.

The Atlantic States Marine Fisheries Commission (ASMFC) recently honored two members of the Rhode Island Department of Environmental Management (DEM) for their outstanding contributions to fisheries management, scientific research, and law enforcement efforts along the Atlantic coast.

Phil Edwards, Chief of DEM’s Division of Fish and Wildlife, was awarded the ASMFC Award of Excellence in Management and Policy Contributions for his over 20 years of experience in fisheries management and his leadership on various technical committees and assessment work for Commission species. ASMFC highlighted Phil’s crucial role as Chair of the American Eel, and Shad and River Herring Boards, noting his skill in guiding the management of these species. Phil was also commended for his work on fish passage in Rhode Island, contributing to the conservation of diadromous fish along the East Coast.

Nicole Lengyel Costa, Principal Marine Biologist with DEM’s Division of Marine Fisheries, received the ASMFC Award of Excellence for Scientific and Technical Contributions. Her expertise in fisheries management policy and scientific research has made a significant impact on Rhode Island and fisheries science activities along the East Coast. Nicole’s role as Chair of the Atlantic Striped Bass Technical Committee and her involvement in age and growth work used in stock assessments across Commission species were highlighted by ASMFC in their award announcement.

Jason McNamee, DEM Deputy Director for Natural Resources, expressed pride in having Phil and Nicole as part of the team, emphasizing their dedication to sound fisheries management and environmental stewardship in Rhode Island. He congratulated both individuals on their well-deserved awards.

The ASMFC, established over 80 years ago, plays a crucial role in coordinating the conservation and management of 27 nearshore fish species along the Atlantic coast. Members of the ASMFC work together in various policy arenas to ensure the sustainable management of coastal fishery resources and to benefit both fishing and non-fishing communities.

18th Forum on Next-Generation Payments and Regulatory Technology

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June 12, 2024

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18th Forum on Next-Generation Payments and Regulatory Technology

The NextGen Payments & RegTech Forum is bringing together top influencers, strategists, and thought leaders in the Payments and RegTech industries at the Marriott Hotel in Athens, Greece.

This exclusive event will provide attendees with the opportunity to connect with leaders from Banks, Fintechs, eCommerce, Merchants, and Government to gain valuable insights into the latest business models, regulations, and best practices in the industry.

Don’t miss out on this unique gathering of global experts in Payments and RegTech. Join us at the upcoming forum to stay ahead of the curve and network with key players in the industry.

Implementing Artificial Intelligence Tools in Business within Legal Guidelines

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June 12, 2024

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Implementing Artificial Intelligence Tools in Business within Legal Guidelines

Colorado Passes New Legislation to Regulate AI Use

On May 29, 2024, Colorado made a significant move by passing SB205, a new law aimed at protecting consumer interactions with artificial intelligence (AI) systems. This groundbreaking legislation is the first of its kind to cover both developers and users of “high-risk AI systems.”

The law represents a major step in addressing the growing concerns surrounding the use of AI technology and its impact on consumers. By implementing regulations that govern the development and use of AI systems, Colorado aims to protect its citizens from potential harms and abuses that may arise from the use of AI.

Under SB205, developers and users of high-risk AI systems are required to adhere to strict guidelines and standards to ensure the responsible and ethical use of AI technology. This includes transparency requirements, data protection measures, and accountability mechanisms to safeguard consumer interactions with AI systems.

The passage of SB205 demonstrates Colorado’s commitment to ensuring that AI technology is used in a safe and ethical manner. By enacting this new legislation, Colorado is setting a precedent for other states to follow in regulating the use of AI and protecting consumers from potential risks.

Warning: Avoid doing this one thing while on vacation

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June 12, 2024

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Warning: Avoid doing this one thing while on vacation

An expert has issued a warning about a common holiday mistake that could end up costing you a significant amount of money. As many people prepare to embark on their summer vacations, they are being bombarded with travel tips and warnings to avoid costly errors. One such mistake involves how you choose to pay for items while you are abroad, such as cocktails, tapas, or souvenirs.

If you are using a card to make purchases during your holiday, you may come across a question on whether to pay in your home currency (GBP) or in the local currency of the country you are visiting. It might seem trivial, but this decision could make a big difference in terms of cost.

According to money saving expert Martin Lewis, opting to pay in pounds while traveling could lead to poor conversion rates, resulting in higher expenses. On the other hand, if you choose to pay in the local currency, your card will handle the conversion, often at a near-perfect rate.

Money.co.uk advises that paying in a different currency than the one where you are staying could result in additional fees. Retailers may offer to convert your transaction into pounds, but it is recommended to decline and proceed with the local currency option. This way, you can avoid being subject to unfavorable exchange rates imposed by the retailer.

Whether you are shopping or using ATMs abroad, it is crucial to pay in the local currency to prevent incurring extra costs. By following this simple rule, you can potentially save money and avoid unnecessary fees on your vacation. Remember, when asked whether you want to pay in pounds or local currency, always choose the local currency for a smoother and more cost-effective payment experience.

Bank Merger in Wisconsin, Investor Group Acquires Texas Banks

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June 12, 2024

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Bank Merger in Wisconsin, Investor Group Acquires Texas Banks

Two Wisconsin-based banks have recently announced a merger deal, with the Bank of New Glarus acquiring First National Bank at Darlington. The Bank of New Glarus, with assets totaling 2 million, completed the acquisition of First National, which has assets of 4.2 million, on May 31. The financial details of the transaction were not disclosed.

In a separate deal, an investor group has successfully purchased two banks located in Texas. Patrons Holdings had previously agreed to acquire Eden Financial, the holding company for Texas Financial Bank and Amistad Bank. Connor Price, the President, and CEO of Patrons, confirmed the recent completion of the transaction via LinkedIn.

These mergers and acquisitions signify the ongoing consolidation within the banking industry, as companies look to expand their reach and services. The details of these deals were reported by Paul Davis and sourced from industry reports.

SAP AI Services – Gen AI with SAP CAP Plugin – Part 3

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June 11, 2024

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SAP AI Services – Gen AI with SAP CAP Plugin – Part 3

In the latest installment after Part 2, we delve into Part 3 of creating a custom plugin in SAP CAP. The blog titled “Reusable components for CAP with cds-plugin” by @daniel_schlachter provides valuable insights into this process.

To kick things off, the first step is to create a baseline and modify the package.json accordingly. Following that, replicating the provided screenshots is essential for visual representation. Annotating my.Recipe is the next task before diving into the magical code inside the cds-plugin.js file.

Moreover, incorporating the secret JSON from default_key.json into the cds.cap_dox_key is crucial for accessing the DOX service. Understanding the APIs from SAP BTP AI services, specifically the Document Information Extraction service, is key. With APIs like /document-information-extraction/v1/schemas and /document-information-extraction/v1/schemas/{schemaId}, users can access schema details on SAP-AI-DOX.

Moving on to the technicalities, cloning the code from the provided git repository is advised for a seamless integration process. Creating a library with custom functions and consuming them in the cds-plugin.js enables users to trigger extractions effectively.

The blog also touches on the customization aspect with custom schema-based extraction in SAP AI Document Information extraction service. Dynamic code snippets are provided for entity mapping, allowing for automatic entity mapping adjustments.

The unofficial CAP plugin for SAP AI-DOX revolutionizes the coding experience in CAP applications, offering flexibility and efficiency. Embracing this plugin can enhance the functionality of CAP applications and provide a seamless integration with Document-Information-Extraction Service instances/keys.

In conclusion, the CAP plugin for SAP AI-DOX opens up new possibilities in coding for CAP applications. Embracing this technology can boost efficiency and streamline the integration process with Document-Information-Extraction services.

‘Uniswap Secures Significant Crypto Gaming Acquisition’

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June 11, 2024

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‘Uniswap Secures Significant Crypto Gaming Acquisition’

Uniswap Labs has recently acquired Crypto: The Game, a popular interactive online survival game with integrated cryptocurrency mechanics. The acquisition comes after the success of Crypto: The Game’s season 2, “Anon Island,” which attracted over 800 crypto enthusiasts worldwide and had a net prize pool exceeding 1,000.

As part of the acquisition, all members of the Crypto: The Game team will join Uniswap Labs to work on the highly anticipated season 3. Uniswap founder Hayden Adams expressed excitement about the possibilities brought by the acquisition, emphasizing the importance of engaging on-chain experiences for the Uniswap community.

Uniswap, known as the largest multi-chain decentralized crypto exchange for EVM, reached a milestone of 3.2 million users last April. The upcoming season 3 of Crypto: The Game is expected to introduce new themes, twists, and on-chain features while maintaining the operational workflow unchanged.

In previous seasons, players participated by buying in with 0.1 ETH, joining tribes, completing daily challenges, and voting each other out over 10-day seasons until one winner takes home the entire prize pool. With the acquisition by Uniswap Labs, Season 3 promises to bring novel on-chain features to engage and excite players.

Avenue 8 Will Cease Brokerage Operations in Order to Market AI App

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June 11, 2024

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Avenue 8 Will Cease Brokerage Operations in Order to Market AI App

Avenue 8, a San Francisco-based brokerage, has announced that it will be shutting down its brokerage operations to focus on selling an innovative artificial intelligence-powered assistant for real estate agents called Sidekick. This shift in focus comes as the company aims to maximize the potential of Sidekick by allocating all its resources to the development and promotion of the AI tool.

Michael Martin, co-CEO and co-founder of Avenue 8, stated that the decision to pivot towards selling Sidekick was made to capitalize on the opportunity presented by the AI tool. The company plans to support all of its agents’ ongoing transactions until July as they transition their operations.

Currently, Avenue 8 has 164 agents and nine brokers affiliated with its brokerage operations, as reported by the California Department of Real Estate. In addition to its San Francisco branch, the company also has offices in Santa Monica and Palm Springs.

Sidekick, which is available as an app, will be offered on a subscription basis for per month. The tool provides agents with features such as MLS listing browsing, spreadsheet development, and automatic generation of listing descriptions from photos. It aims to streamline various tasks that real estate agents typically perform, such as scheduling showings, creating comparative market analysis presentations, and searching for listings in specific areas.

According to Martin, Sidekick is designed to benefit both newer and seasoned agents by helping them work more efficiently and effectively. Avenue 8 has already partnered with realtor associations in San Francisco, Miami, and Broward, Palm Beaches & St. Lucie to access their respective multiple listing services.

Founded in 2019, Avenue 8 achieved 0 million in home sales in its first year of operation. Despite initial plans for expansion into New York City and the recruitment of 1,000 agents, the company currently has 20 agents and six brokers in the city, according to New York State records.

While Avenue 8 is the first brokerage to transition towards an AI-powered assistant and away from traditional brokerage services, other firms have also introduced similar tools. For instance, Douglas Elliman’s Fredrik Eklund and John Gomes launched Maya, an AI assistant that provides real-time answers to user queries based on the team’s listings. Users can rate the responses provided by Maya, enhancing the interactive experience.