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Qualcomm Snapdragon 7 and 6 Series

The Qualcomm’s Snapdragon 7 and 6 Series will be the Low-Budget 5G Chipsets

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4G has made life a lot faster, and now, 5G is the next big thing the people are looking forward to. Till now, only a few companies have been able to get their hands on this technology, including Oppo Reno, Samsung Galaxy S, One Plus 7, etc., Qualcomm being the biggest chipmaker to provide them with the 5G modem.

Till now, Qualcomm had been offering the handsets makers with the separate 5G modem. But recently the company had announced that it will be including the 5G technology in its upcoming 8xx series 5G platform. That means, no separate modems but the 5G technology integrated to the processor itself. Adding to that, now the company has announced that the mid-range Snapdragon 6xx and 7xx chipsets will also have the 5G technology included into them.

The company announced its new Snapdragon 7xx and 6xx series 5G processors at the ongoing IFA event in Berlin, Germany. The announcement also revealed that there will be an extended range of 5G technology that will offer the support for technologies like the sub-6Ghz and mmWave spectrums, TDD and FDD modes, 5G multi-SIM, and Standalone (SA) and non-standalone (NSA) network architectures, etc.

Qualcomm Snapdragon 7 and 6 Series
Image Source: techblog.comsoc.org

Also, the new Qualcomm chipsets will make a large range of devices, mid-price or expensive, support 5G.Which is kind of the main purpose behind the release of the new chipset, i.e., to make the 5G technology available to almost everyone, not to the ones with expensive devices. “The transition to 5G is going to be faster than earlier transitions. Now we have to bring it to everyone,” said the Qualcomm President Cristiano Amon.

According to the announcement, the company has already partnered with twelve smartphone makers for integrating the new Snapdragon 7 series 5G chipset into their upcoming 5G smartphones. This list of partners includes names like Oppo, Vivo, Nokia, LG, etc.

The announcement by the company did not reveal the actual dates of availability of these new chipsets in the market but has given us the time slot when the markets can have them. Qualcomm has already talked about releasing the 8xx series 5G platform by the end of this year, whereas we can expect the Snapdragon 7xx series 5G platform to roll out by the fourth quarter of this year, and the release of the 6xx series 5G platform may take place in the second quarter of 2020.

TransferWise

TransferWise : A UK based Startup that Made Transfering Money Abroad Cheaper

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The people who live in a different country from their home for work would know the pain of paying the extra fee for sending money back to their home. Though with the rise of the internet and new fintech apps, the pain has been reduced to an extent. But, if we go a decade back, and even earlier, there were no such apps or any online platforms. People had to pay an extra fee, and mostly, in the currency which was the expensive one. This problem led two Estonian fellows, Taavet Hinrikus and Kristo Käärmann, to found TransferWise, a fintech platform for transferring money abroad without paying additional hidden fees.

Taavet Hinrikus and Kristo Kaarmann both belonged to Estonia and were working in London. In fact, Taavet Hinrikus was Skype’s first employee. The two had met a party and ultimately, became good friends.

The Problem

In 2008, Kaarmann was rewarded a Christmas bonus of £10,000 ($13,147) by his company, which he wanted to spend in something big. The only problem he faced was that he was paid in pounds, but he had a mortgage back in Estonia, that he had to pay in Euros. He used to regularly send money to his Estonian bank account. The transfer usually used to take 4-5 working days to complete, and the bank would charge a specific fee.

transferwise founders
Image Source: standard.co.uk

In general days, he had never sent such a big amount to his Estonian bank account. So the fee charged did not feel much for him. But when he had to send the earned bonus to that bank account, it shook him hard. Before sending the money, he looked at the exchange rates on Bloomberg and Reuters, that came out to be a £15 fee. But after he sent the money, he checked the balance and found out that the bank had charged him a £500. Here he realised that the banks were charging an extra fee other than the exchange rate and that too, in pounds.

The Solution

Kaarmann discussed the matter with Hinrikus, who was also suffering from the same problem. Living in London, Hinrikus had to pay bills in pounds, but his salary came in Euro. This led the two think of saving the exchange fee by transferring money to each other. The two built a private exchange system, in which, Kaarmann transferred Hinrikus money in pounds, whereas the latter sent money to Kaarmann in Euro and for free of cost.

For a few months, they followed the same method, and then they talked about the transfer system to some of their colleagues and friends, too. This way, they formed a small group for sending and receiving money without spending extra cash on exchange fees.

Launching TransferWise

Finally, in 2011, the two decided to launch a whole system for people, through which they could send and receive money across the border, without having to spend extra on exchange fee. They introduced the new online money transfer system, TransferWise, on TechCrunch through a simple blog post, and in no time, they started receiving emails regarding it.

In 2012, the platform got the approval from the UK financial regulator, and in the first year of its inception, it carried out transactions of worth €10 million. Though TransferWise was hitting off good, it was not able to reach more people. The investors were sceptical about the idea. But one person who was also the owner of a startup believed in the idea. It was PayPal co-founder Peter Thiel. In 2013, Thiel led the Series A round funding for the company and raised over a $1.3 million.

In 2016, it was found out that TransferWise on an average was 83% cheaper than the bank transfers. Till now, the company has raised a $400 million in all rounds of funding collectively. According to TransferWise, it carries out over $1 billion transactions every month and has saved around a billion pounds of its customers on the transfers.

Today the company has got offices in London, Singapore, Tallinn, and New York, etc. In 2017, the company also launched borderless accounts for its users and also a multicurrency master card to handle borderless transactions. TransferWise offers a peer-to-peer money transfer for more than 175 different currencies.

Becoming the Unicorn

In May 2019, the company had another round of funding and raised $292 million. With the fundraiser, the company reached a total valuation of $3.5 billion. TransferWise got the investments from some of the reputed investors in the world, including Peter Thiel, Richard Branson, and Andreessen Horowitz. Other than that the capital ventures that invested in the company, include Global Investors, IVP, Sapphire Ventures, Japanese Mitsui & Co, and World Innovation Lab.

TransferWise has received several accolades to its names. The Guardian named it as one of “East London’s 20 hottest tech startups”. It also got named as Wired UK Start-Up of the Week. The company was at number 12 in Startups.co.uk’s list of the top 100 UK start-ups of 2012. TechCrunch also named TransferWise as one of five “start-ups to watch” at Seedcamp’s 2012 US Demo Day. In August 2015, the company was named a World Economic Forum Tech Pioneer.

local motors

Jay Rogers : The Founder of Local Motors and Inventor of First 3D Printed Electric Car

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There have been startups based on daily needs and also on the pain points people go through every day. But sometimes, it is the question of life and death, and the safety of people. There are many such examples of startups that are inspired by the people’s safety, and one such startup is Local Motors, that have a great story behind it.

Local Motors was founded by Jay Rogers in 2007 and have its headquarters situated at Phoenix, Arizona. Local Motors is a car manufacturing company that builds its autonomous cars with the help crowdsourcing.

Before starting up Local Motors, Rogers was a Marine in the US navy. But even before that, he was a confused young lad, who did not have any idea what would be the best career choice for him. He graduated from Princeton University with a degree in banking and was about to opt for an MBA for his post-graduation when he met a fellow from the same MBA batch, who had also been a marine.

Jay Rogers Local Motors
Image Source: zimbio.com

Influenced by that person, Rogers, in 1999, joined the U.S. Marine Corps. He served as a marine for seven long years and went through random experiences. He was posted in locations, including Iraq. In 2004, when he was appointed in Iraq, he lost one of his fellow officer and friend, Brent Morel while riding a Humvee. Rogers found it stupid to deploy a Humvee in Iraq as the vehicle have a heavy engine. Again in next couple of years, he lost his another friend due to the failed landing of a Boeing Vertol CH-46 Sea Knight helicopter.

These incidents hit Rogers hard, as he found out that these two vehicles were the best vehicles built in America. Still, these were not smart enough to save human lives. After seven years of his service as a marine, Rogers returned to complete a degree in business from the Harvard University, to give a direction to his new startup that was inspired by the sad incidents happened in his life. He wanted to start a company that would create smart vehicles to help people with their needs.

Rogers studied the business models of various car manufacturing companies, and what they all were doing was not customer-focused. He had a different approach, through which he wanted to build customer-oriented vehicles. So he thought of building a unique open-source micro-factory for rapid manufacturing.

But without investments, it was not possible to build a company, and then the products. So he approached the investors from the silicon valley, but for his disappointment people were more interested in investing their money in the already famous companies like Tesla. But without losing hope, Rogers raised a $10 million with the help of his family, friends and a few investors.

But the amount was not sufficient for both designing and developing the product. But Rogers again came with a unique solution. He opted for crowdsourcing the design concept for the company’s first product, offering $20,000 for the winner. An art student won the competition, and in 2009, based on the same design, Rogers launched the Rally Fighter, the first Local Motors product and a souped-up, fibreglass-chassis dune buggy made to run in the desert. The car was a massive success. A total of 20 units of this desert crawler was sold in the same year.

Since the launch of Rally Fighter, the basic business model of the company includes designing, engineering and manufacturing of automobiles open source, such that the designers are welcomed to submit their designs, and the community votes and selects the winners. Even though a single winner is chosen for the design, the community members can suggest improvements for the same. For Rally Fighter only, 35000 designs had been submitted by designers.

Rally Fighter was a giant desert truck, so now Rogers wanted something that would be suitable for the general public. On the arrival of the 3D printers in 2014, he opened a challenge for the Local Motors’ employees as well as for the community members to make the world’s first drivable 3D-printed automobile. 200 designers participated in the challenge, and Strati became the world’s first 3D printed electric car. The car was manufactured in 44 hours and in front of a live audience at the International Manufacturing Technology Show in McCormick Place, Chicago.

Though the car was not powerful enough, it set new technology standards. It gave Rogers the confidence of building something new. A few months later, Local Motors was invited to Berlin’s Urban Mobility Challenge, to build an emission-free minibus. Again Rogers notified all its 200,000 in the community for the designs for a $20,000 top prize. The design of a 24-year-old Colombian industrial engineer, Edgar Sarmiento, was finalised for the challenge and Olli was manufactured. The 8 to 12 seater minibus, Olli, was manufactured in the partnership with IBM.

Olli was demonstrated on Facebook Live of Berlin’s Urban Mobility Challenge. People were quite impressed with the design and the capabilities of the vehicle. So the company received $1 billion in financing from Florida-based Elite Transportation Services (ETS) for Olli. The company also received funding of $20 million from Texas-based Xcelerate.

The company is looking forward to embedding the autonomous driving and artificial intelligence to the new models of Olli. For bringing the new technologies to Local Motors, the company has partnered with International Business Machines Corp.’s Watson program for artificial intelligence and also with Robotic Research LLC.

Currently, Jay Rogers is serving the company as the CEO.

Weebly

The Founding Story of Weebly : The Website Hosting and Building Interface

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There have been many cases when people created wondrous things without knowing its worth. Though they want to accomplish a goal, they don’t have the idea that of the impact of their end product. They just keep working to get the product, and at the end, when the product is ready, it transforms their whole lives. One appropriate example of the same is none other than Weebly. Three college students, Dave Rusenko, Chris Fanini, and Dan Veltri, founded Weebly as a college project in 2006, and now, it is one of the most popular website building platforms.

Rusenko and Fanini were friends and met Veltri at the Pennsylvania State University. The university required every student to maintain an online profile. So one of Rusensko’s friend, who was a non-computer student, asked him to help her out with building her website for the astronomy class. While he was helping her, he figured out that many people need a website, but don’t have the skill to build one. This incident led him to think of developing a software that would help people, who did not know how to code, build a whole website.

Rusensko wrote the first line of code for the software, Weebly, as his college project, and Fanini and Veltri also joined in. In 2006, they completed a basic product and represented the same in a tech gathering of 1000 people. But for their disappointment, the CEO who was leading the gathering called the software “the worst idea” over the mic. This was heartbreaking for the three, but they kept the belief in their product, as it was a fact that not many people were into coding and ultimately, needed a website.

After the successful release of the invitational beta of the software in January 2006, in six months, they launched the official private-beta of the software. The next year in January, they took the software to Y Combinator’s winter startup program in Silicon Valley, California. Even though they were the last to apply, their idea had the potential that they got the entry. After getting selected in for the program, the three started working full-time on the software. The next year, they included a new editing interface named “what-you-see-is-what-you-get” to the software. They also raised a US$650,000 funding the same year.

Weebly now was a company, and they had to monetise the software. For that, they introduced the Pro accounts for the users, and also, included AdSense to the platform. In 2009, they also added support for editing the HTML and CSS to Weebly software. In 2013, the company hosted the C series funding, which helped them raise another $35 million. Companies, like Sequoia Capital and Tencent Holdings Ltd., also became the investment partner of Weebly. Till the time, the company had joined 80 employees to its work fleet.

In 2016, the company started working to add support for building an eCommerce website to the software, including the support for online payments through PayPal, Stripe or Authorize.net. It also included features to help people promote their brand, like Facebook Ad creator, integrated email marketing, and lead capture, etc. The platform offers support for 15 different languages, including English, Chinese, Japanese, Russian, Spanish, German, etc.

In 2018, Square acquired Weebly for a massive $365 million in cash and stock.

The website builder provides the users with multiple feature-rich options, such that they can create a multi-function website in minutes. Today, the very platform also provides hosting service where the users can get domain name including .weebly.com, .com, .net, .org, .co, .info, or .us. In the past 12 years, the company has earned over 45 million customers.

In 2007, Weebly was among the 50 Best Websites of 2007 by TIME Magazine. The CEO and co-founder of Weebly, David Rusenko, got a place in the Forbes’ list of “30 Under 30” in 2011.

Samsung Klaytnphone

Samsung is Launching a Blockchain Smartphone Named KlaytnPhone

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Samsung is releasing its foldable smartphone today in its home country, and along with that, the company has come with another announcement that includes a new blockchain-based smartphone. Yes, a post from Wall Streat Journal has revealed that Samsung is working on a new flagship smartphone that will support cryptocurrency and will be called as “KlaytnPhone.”

The company has already got about ten smartphones’ release this year, including the Samsung Galaxy Fold, Galaxy S10s, Galaxy Note 10s, and now, it looks like the company is not stopping on them only. Samsung has chosen the name KlaytnPhone for its blockchain smartphone, which is inspired by a South Korean cryptocurrency built by the subsidiary company, Ground X Corp, of Korean internet company Kakao.

The smartphone actually belongs to the Galaxy Note 10 series and has got most of the features similar to the smartphones in this series. But there will be an inbuilt crypto wallet and support for blockchain included in it. Like the foldable smartphone from Samsung, for the time being, KlaytnPhone will also be available only in South Korea. According to the WSJ, the early buyers will also get a specified amount of cryptocurrency coins, i.e., Klay from Ground X Corp.

Samsung Klaytnphone
Image Source: digitaltrends.com

Klay is a newly launched cryptocurrency that Kakao released last year in October through its spin-off arm Klaytn. Cryptocurrencies and blockchain have been a topic of discussion for all. And, even being around for the past decade, there have been many questions about the authenticity of these technologies. But most of the big tech companies have always stood in favour of it. So the main purpose of Samsung to develop such a smartphone may be to get people familiar with this very technology and make it more user-friendly.

According to the reports, the prices for the new KlaytnPhone will start at $1000. There have been no comments from the company as yet, and if believed, according to Cointelegraph’s reports, Samsung has already launched a blockchain supporting smartphone in March this year, which is Galaxy S10. The company was also planning to build its own cryptocurrency and has invested $2.9 million into the French cryptocurrency company Ledger.

samsung galaxy fold

Samsung Galaxy Fold Finally Ready for its First Launch in Korea

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The much anticipated Samsung Galaxy Fold have been quite in trouble since the company had announced the very smartphone. There were problems with its screen as it was prone to damage when folded, but after all, it is a foldable phone. So the company had to delay the launch of the smartphone to make improvements to make its screen stronger. And, after five months of its actual release date, the company is ready for the very smartphone’s first release.

The company has finally set 6th September as its launch date, and the first country, to be getting its hands on the smartphone, is Korea. Though the company had already mentioned that the smartphone will be arriving in September, there was no announcement about the actual date.

“The category-defining Galaxy Fold is a device that defies the barriers of traditional smartphone design. Now, we’re excited to release this pioneering mobile technology, and allow consumers to experience it for themselves,” said DJ Koh, President and CEO of IT & Mobile Communications Division, Samsung Electronics.

samsung galaxy fold

The new smartphone will take a bit longer to reach the other countries, including the US, the UK France, Germany, Singapore, etc. Some of the “select” countries will also get the 5G version of the same. The smartphone will be available in two colours, i.e., Silver and Black.

Along with the new Samsung Galaxy Fold, the company is also launching a new service named “Galaxy Fold Premier Service,” which will help the users on how to use and handle the new smartphone. It is expected the service will be free of cost and offer an in-person consultation for the users, and Samsung will be appointing experts for the task. These experts will guide the users on how to protect and carefully use the smartphone.

The reason for launching such a service is that the company do not want to take any risks. Though Samsung was ready to launch the smartphone in the spring-time frame, it had to delay the launch due to the wrong went testing of the smartphone. Many of the reviewers whom the company had sent the smartphone for the tests, returned it back damaged. But after Samsung has done some tough work on the same, it wants to train people how to handle it, so that the blame of any sort of damage does not go entirely to the company.