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      <p>
        3D Systems, a seller of 3D printers and related products, has introduced CuNi30&ndash;a new corrosion-resistant, copper-nickel alloy compatible with its DMP Flex 350 printer.
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      <p>
        The material was co-developed by 3D Systems and shipbuilding company HII&rsquo;s Newport News Shipbuilding division. The shipbuilder will use the material to meet its low-volume, high-mix hardware development requirements by substituting traditional casting technologies with additive manufacturing.&nbsp;
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    </li>
    <li>
      <p>
        CuNi30 is expected to reduce the lead time by around 75% and significantly improve the average density of parts to 99.88% compared to casting as well as reducing inventory costs.
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      <p>
        3D Systems plans to make the material commercially available later this year to enable the printing of corrosion and algae-resistant metal parts targeting marine, offshore oil and gas, and chemical and nuclear industries.
      </p>
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  </ul>
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<div>
  <p>
    <a href="https://www.globenewswire.com/news-release/2022/09/06/2510913/0/en/3D-Systems-Announces-First-to-Market-CuNi-CuNi30-Alloy-for-Laser-Powder-Bed-Fusion.html">
      Press release
    </a>
  </p>
</div>


Additive Manufacturing

3D Systems introduces CuNi30–a new material to reduce lead time and improve density of printed parts

Distributed workforces require new solutions for office operations, HR, payment, and more.

Remote Work Infrastructure

<div>
 <p>Rippling, an employee management platform, is negotiating to raise funds in a Series F round, which might total to USD 870 million, including a secondary investment of USD 670 million. Notable investors in this round consist of Founders Fund, led by Napoleon Ta, and Coatue, with participation from Greenoaks.</p>
 <p>The company has not formally announced how it intends to use the funds. However, its recent rapid growth, as demonstrated by the leasing of a large office space in San Francisco, suggests the money could be used for further expansion.</p>
</div>

Rippling to raise USD 200 million in Series F funding for expansion

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

ANALYST_QUICK_TAKE

<div>
 
 <p>AtomiqDeFi, a platform that offers DeFi services, has successfully secured a seed funding of USD 3 million. This funding round was spearheaded by X21 Digital and saw participation from other entities such as NXGen, Dutch Crypto Investors (DCI Capital), Spicy Capital, Altcoin Buzz, and AlphaBit fund. Apparently, this successful round of fundraising has significantly contributed to the company's total funds, raising it to USD 4.5 million.</p>
 <p>The enterprise has announced plans to use the funds for the enhancement and development of its product offerings. Additionally, it also looks forward to forging new partnerships with layer-1 launchpads.</p>
 <p>AtomiqDeFi provides a comprehensive suite of DeFi products and services, all built upon MintLayer, a Bitcoin Layer-2 protocol. The following features are included in its offerings: 1) a decentralized exchange that uses Atomic swaps to allow users to trade Mintlayer-based tokens and BTC directly from their wallets; 2) a token launchpad that enables users to introduce new tokens within the ecosystem; 3) a DeFi wallet that supports numerous cryptocurrencies and blockchains; 4) a cross-chain bridge enabling users to swap tokens between Ethereum virtual machine (EVM) compatible blockchains.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This news adds to a growing trend of Bitcoin layer-2 projects exploring the use of smart contracts to expand the functionality of Bitcoin. The space has also seen recent interest from investors over the last few months, with startups such as <a href="https:<br>
//sp-edge.com/companies/3510832"> OrangeDX </a> , <a href="https:<br>
//sp-edge.com/companies/606656"> Portal </a> , and <a href="https:<br>
//sp-edge.com/updates/25486"> Bitfinity </a> , raising <a href="https:<br>
//sp-edge.com/updates/27699"> USD 1.5 million </a> , <a href="https:<br>
//sp-edge.com/updates/26200"> USD 34 million </a> , and <a href="https:<br>
//sp-edge.com/companies/3408375"> USD 7 million </a> , respectively, and <a href="https:<br>
//sp-edge.com/companies/1930376"> BabylonChain </a> and <a href="https:<br>
//sp-edge.com/companies/3480652"> BounceBit </a> securing an undisclosed investment from Binance. Notably, these developments also coincide with the approval of a number of spot Bitcoin ETFs in January and the subsequent rise in the spot price of Bitcoin <a href="https:<br>
//finance.yahoo.com/news/bitcoin-breaks-time-high-69-153016833.html"> above its previous all-time high </a> early last month.</p>

AtomiqDeFi raises USD 3 million in seed funding

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>

 <p>AMD has launched two new PC processors, the Ryzen Pro 8040 Series and the Ryzen Pro 8000 Series, which are intended for business usage. They have been designed to bring artificial intelligence (AI) processing power to both laptop and desktop machines.</p>

 <p>The distinctive feature of these chips is a dedicated neural processing unit for AI-specific tasks like image generation and chatbot functionalities. Built with TSMC’s 4-nanometer manufacturing process, these chips have a high density of transistors. The Ryzen Pro 8000 series chips are designed for desktops, while the Ryzen Pro 8040 series is for laptops.</p>

 <p>AMD believes these state-of-the-art chips will enable businesses to implement AI technologies directly on their PCs, keeping data on-site for privacy reasons rather than on the internet. Furthermore, AMD proposes that these new Ryzen AI Pro chips can improve productivity by providing enhanced processing for features that boost productivity on PCs.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> This launch builds on AMD's efforts, including its recent <a href="https:<br>
//sp-edge.com/updates/28300"> partnership </a> with Arena AI to challenge Intel’s chips across various CPU benchmarks. Furthermore, these chip introductions come on the heels of other hardware infrastructure companies like NVIDIA and Radxa launching AI-focused chips and system-on-modules.</p>

AMD announces business-focused PC chips with AI processing capabilities

<div>

 <p>Embedded computing specialist, Radxa, has unveiled a system-on-module (SOM) branded AICore SG2300x. This product, aimed at Edge AI projects, has the potential to run substantial GenAI models.</p>
 
 <p>AICore SG2300x has been constructed on the SOPHON SG2300x system-on-chip, featuring eight Arm Cortex-A53 processor cores. The product boasts a collection of key features including a tensor processing unit professed to have a capacity of 32 tera-operations per second, as well as a considerable 16 GB LPDDR4X RAM and 64 GB eMMC storage module. Other additional elements encompass a PCI Express 3.0 four-lane root complex and the capability for hardware decoding for video channels.</p>
 
 <p>The company asserts that the AICore SG2300x enables users to operate popular GenAI models directly on the device. They further underscore the module's ability to support an array of machine-learning frameworks including TensorFlow and PyTorch. In line with this, Radxa has intentions to release an open-source carrier board design and a design guide for customers interested in building their own.</p>

</div>

Radxa launches AICore SG2300x for powering future Edge AI projects

<div>

 <p>NVIDIA has introduced the RTX A400 and A1000 GPUs, aimed at increasing the availability of GenAI tools to more people. The A1000 is already available for purchase, with the A400 expected to be released in summer 2024.</p>
 <p>The A400 GPU utilizes 24 Tensor Cores for AI processing and features four display outputs. This makes it ideal for industries that require high-density display environments, such as retail and financial services. On the other hand, the A1000 is equipped with 72 Tensor Cores and 18 RT Cores. It is touted as offering GenAI processing speeds three times faster than its predecessors and accelerated graphics and rendering tasks while only requiring a modest 50 W of power.</p>
 <p>These enhancements now make it possible for professionals to access workflows involving complex AI processes and ray-traced renders. This enables them to stretch the boundaries of their work with impressive levels of realism.&nbsp;</p>

</div>

NVIDIA launches RTX A400 and A1000 GPUs with enhanced AI capabilities

<div>
 <p>Amazon Bedrock is partnering with Anthropic, universally supporting Anthropic's Claude 3 AI model (Opus, Sonnet, and Haiku). This addition to Bedrock allows users to build and implement GenAI applications, fitting Amazon's three-tier strategy for AI, which includes providing tools for developers and creating AI applications for end-users.</p>
 <p>Under the partnership, Anthropic uses AWS as its main cloud provider and plans to offer future versions of its foundation models on Bedrock. Amazon believes this collaboration will enhance customer experience by advancing GenAI technology.</p>
</div>

Amazon Bedrock incorporates all versions of Anthropic’s Claude 3 AI model to improve GenAI capabilities

New technology allows individuals and organizations to become carbon intelligent

Carbon Management Software

<div>

 <p>Cozero, a B2B carbon intelligence software provider based in Germany, has raised EUR 6.5 million (USD 6.9 million) in a Series A funding round. Kvanted Ventures and ENV were the co-leads of this round, with additional participation from NewAlpha Asset Management and various business angels.</p>

 <p>The funds raised through this round will be mainly used by the company to fuel its international expansion and to further develop its Climate ERP solution.</p>
 
 <p>Established in 2020, Cozero offers a Climate Action Platform which assists companies in tracking, reducing, and reporting their carbon emissions. Through this solution, over 70 companies have been able to marry their environmental progress with their business objectives. Companies that employ the solution include key players such as Maersk, Mammut, Nippon Express Europe (NX Group), Funke, and Vodafone.</p>

</div>

Cozero raises EUR 6.5 million in Series A funding

Quantum information processing is slowly becoming a reality, ushering in a new technological era.

Quantum Computing

<div>
 
 <p>US quantum computing firm Quantinuum announced a significant achievement with its 20-qubit quantum processor H1-1, becoming the first in the sector to attain a 99.9% two-qubit gate fidelity. This level of accuracy in quantum computations, also known as "three 9's", is considered a milestone in commercial quantum computers. In addition, Quantinuum stated it exceeded a quantum volume (QV) of 1 million - this marks the highest QV achieved to date.</p>
 <p>In March 2024, the company showcased its quantum charge-coupled device (QCCD) architecture. This innovative technology tackled a longstanding challenge in quantum computing related to wiring.</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 Achieving 99.9% two-qubit gate fidelity indicates the computer’s greatly advanced error correction capabilities, which can increase the reliability of quantum computations. This progress marks a pivotal moment for the quantum computing industry as it gets closer to the breakeven point of logical qubits outperforming physical qubits, thereby enabling efficient real-life computational solutions.</p>

Quantinuum achieves 99.9% two-qubit gate fidelity; surpasses 1 million QV

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization & Storage (CCUS)

<div>
 
 <p>Infinium, a company that develops low-carbon electrofuels (eFuels), has entered into an agreement with a subsidiary of midstream energy corporation Kinetik Holdings. Through this agreement, Infinium will purchase carbon dioxide (CO2) captured from Kinetik's processing system, which will be used for the production of eFuels.</p>
 <p>As part of this long-term agreement, Kinetik's subsidiary will deliver the captured CO2 from one of its amine gas processing facilities located in West Texas to Infinium. This CO2 will be utilized in Infinium's second eFuels project, named "Project Roadrunner." The project aims to produce Infinium's eSAF, an electrofuel that uses waste CO2 and green hydrogen. The ultimate goal of this project is to reduce greenhouse gas (GHG) emissions from the aviation industry.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Infinium previously secured a <a href="https:<br>
//sp-edge.com/updates/24567"> USD 75 million </a> investment from Breakthrough Energy Catalyst to fund Project Roadrunner in November 2023. In addition, American Airlines signed on as the first off-take partner for eSAF produced at Project Roadrunner. In <a href="https:<br>
//sp-edge.com/updates/27869"> March 2024 </a> , Infinium also unveiled the world's first commercial-scale eFuels facility, Project Pathfinder, in Corpus Christi, Texas, and has more than a dozen other projects under development globally in the US, EU, Japan, and Australia.&nbsp;</p>

Infinium partners with Kinetik for CO2 reuse in eFuels production

Technology to explore opportunities beyond Earth

Space Travel and Exploration Tech

<div>
 
 <p>Dark, a French firm specializing in space debris diversion systems, has successfully raised USD 6 million in a seed extension round. The funding round was led by Long Journey Ventures and included contributions from Eurazeo and Frst.</p>
 <p>This funding will be channelled towards further developing the technology that drives its orbital defense platform. The company aims to wrap up an orbital defense demonstration by 2026.</p>
 <p>Established in 2021, Dark has realigned its focus from the development of a multi-purpose air-launched rocket towards orbital defense, specifically through mitigating orbital debris.</p>
 
</div>

All Updates