Your Tech Story

News

Gilat Received an Order Worth More than $5 Million from the US Department of Defense

Gilat Received an Order Worth More than $5 Million from the US Department of Defense

Leave a Comment / News, Tech News / By

The US Department of Defence has awarded Gilat Satellite Networks, a well-known brand in satellite networking technology, a substantial contract worth more than five million dollars. The US-based Gilat subsidiary DataPath was given the contract, which is intended to supply baseband gear that is essential for the company’s transportable satellite communications hubs, or DKET 3421 terminals.

Improving Military Communications

Gilat Received an Order Worth More than $5 Million from the US Department of Defense

Image Source: gilat.com

With the baseband networking solution, operational flexibility and connectivity for defence applications will be strengthened in a turnkey satellite communications architecture. Vice President of Sales & Business Development at DataPath, Barry W. Botts, emphasised the company’s commitment to providing high-performance solutions that are customised to satisfy their clients’ exacting requirements.

Gilat's Position in Military Technology

Gilat offers an extensive selection of satellite-based broadband communications services and solutions and has over thirty years of expertise in the field. Cloud-based applications, high-performance satellite terminals, mobile antennas, amplifiers, upconverters,  and combined ground systems are all part of their offering, which serves the defence and commercial markets.

Importance Despite Difficulties

Although Gilat acknowledges the dangers and uncertainties that come with its line of work, such as geopolitical tensions and market acceptability, this latest deal solidifies the company’s status as a major supplier of vital communications technology to defence clients.

Perspectives and Evaluation

The US Department of Defence recently awarded Gilat a contract, indicating trust in the company’s satellite networking technology, according to InvestingPro Insights. Gilat’s activities are developing and its key indicators and insights from InvestingPro show that the company is reasonably valued, with exceptional gross profit margins and robust profitability.

Also Read: After Reaching Profitability, Carpooling Platform BlaBlaCar Accelerates with $108 Million Debt Financing

In summary, Gilat’s ability to get contracts for important defence projects highlights its proficiency and dependability in providing cutting-edge satellite communications systems. Gilat, a key participant in the sector, keeps pushing innovation and attending to the changing demands of defence clients to set itself up for long-term success and market leadership.

 
Apple Closes Electric Car Project Could Boost Work on Home Robotics

Apple Closes Electric Car Project Could Boost Work on Home Robotics

Leave a Comment / apple, News, Tech News / By

In an interesting turn of events, Apple’s ambitious entry into the electric vehicle market has hit a significant hurdle, leading to speculation that the tech giant may redirect its attention and resources towards the growing field of home robotics. This pivot could signal a new direction for Apple, as it looks to leverage its technological prowess in an sector that is increasingly considered ripe for innovation.

The Shift in Focus

Apple Closes Electric Car Project Could Boost Work on Home Robotics

Image Source: brandsynario.com

For years, rumors have swirled about Apple’s secret Project Titan, an ambitious effort to develop an electric, possibly autonomous, vehicle that could compete with the likes of Tesla and Google’s Waymo. However, recent reports suggest that Apple’s automotive project has faced considerable challenges ranging from design issues to regulatory hurdles, leading to speculation about its future.

 

Insiders are now hinting that Apple may be reevaluating its strategic priorities with the new interest in home robotics. The shift allows the company to apply its extensive research and development, including advances in artificial intelligence (AI) and machine learning, to create sophisticated robotic solutions for consumers.

Potential for Home Robotics

The potential pivot to home robotics is seen as a natural extension of Apple’s existing ecosystem, which includes a wide range of smart home products and services. Apple’s expertise in designing user-friendly, aesthetically pleasing products could give it a significant advantage in a market that has long promised much but delivered relatively little in terms of mainstream adoption.

Experts believe that Apple’s entry into home robotics could revolutionize the sector, offering solutions that integrate seamlessly with users’ lives, enhancing convenience, and potentially redefining home assistance. One tech industry analyst says, “Apple has a history of entering markets late, only to end up redefining them.” “Its focus on privacy, security, and design may address many consumer concerns that have hindered the adoption of home robotics.”

Challenges and Opportunities

However, the transition from electric vehicles to home robotics is not without challenges. The robotics market is highly competitive, with established players and startups alike competing for dominance. Furthermore, developing robots that can navigate the complex and diverse environments of people’s homes requires significant advances in AI, machine vision, and physical design.

Still, the opportunities are vast. The global market for consumer robotics is expected to grow rapidly in the coming years due to advancements in technology and increasing consumer interest in smart home devices. With its track record of innovation and market disruption, Apple is well-positioned to make a significant impact.

Also Read: Microsoft-Supported Rubrik Faces $354 Million Loss in Latest IPO Filing

Conclusion

While Apple’s electric car ambitions may face a setback down the road, the company’s potential pivot to home robotics could open up new avenues for growth and innovation. By applying its design ethos and technical expertise to the challenges of home robotics, Apple has the opportunity to once again redefine our relationship with technology, making the smart home of the future a reality today.

Microsoft-Supported Rubrik Faces $354 Million Loss in Latest IPO Filing

Microsoft-Supported Rubrik Faces $354 Million Loss in Latest IPO Filing

Leave a Comment / Microsoft, News, Tech News / By

Microsoft-backed cloud and data security firm Rubrik has filed for an IPO, disclosing increasing revenue as well as losses.

Announcement of IPO and Key Players

According to the filing with the US Securities and Exchange Commission, Wells Fargo & Co., Barclays, Citigroup, and Goldman Sachs Group are leading Rubrik’s initial public offering (IPO). The business plans to issue its shares under the ticker name RBRK on the New York Stock Exchange.

Financial Information and Plans for Fundraising

Microsoft-Supported Rubrik Faces $354 Million Loss in Latest IPO Filing

Image Source: bnnbloomberg.ca

Although Rubrik has not yet revealed the amount or price of its intended share, Bloomberg News stated that the company may aim to raise between US$500 million and US$700 million through the IPO. This action comes after Reddit and Astera Labs’ triumphant initial public offerings (IPOs) last month, which exceeded their fundraising targets and saw an increase in trading debuts.

The CEO's View on Cybersecurity

Cyberattacks are a constant problem for both enterprises and governments, as noted by Bipul Sinha, the chairman and CEO of Rubrik, in a letter to investors included in the prospectus. The filing underscores the importance of cybersecurity in today’s digital economy as it coincides with an increasing trend of firms seeking money through public listings.

Assessment and Development KPIs Palo Alto, California-based Rubrik was valued at $4 billion with Microsoft’s 2021 investment. A 5% rise in overall revenue to $627.9 million over the prior year was made possible by the company’s subscription annual recurring revenue (ARR), which surged by 47% year over year despite the $354 million loss.

Listing Schemes and Equities Sign

Although the amount of the sale was not disclosed, Rubrik intends to list its Class A common stock under the symbol “RBRK” on the New York Stock Exchange, which will be a big step towards the company’s goal of becoming public.

Through its initial public offering (IPO) filing, Rubrik demonstrates its goal of navigating the cybersecurity environment and utilising its collaboration with Microsoft to propel innovation and growth within the cloud and data security industry.

Also Read: ChatGPT Free Version Now Accessible Without Account Login

“CrowdStrike Falcon has become cybersecurity’s source of truth and platform of record. Our partnership with Rubrik strengthens CrowdStrike’s data gravity, unifying threat detection with data discovery, classification and backup,” said Daniel Bernard, chief business officer at CrowdStrike. “Through this partnership, we’re delivering the visibility and context security teams need to prioritize and accelerate response actions required to stop breaches of sensitive information – all from a single platform.”

ciosea.economictimes.indiatimes.com
ChatGPT Free Version Now Accessible Without Account Login

ChatGPT Free Version Now Accessible Without Account Login

Leave a Comment / News, Tech News / By

In a significant update aimed at increasing user accessibility, the developers of ChatGPT have announced that the free version of their popular conversational AI will no longer require users to log into an account. This change, effective immediately, marks a significant shift in the way users interact with ChatGPT, making it more accessible to a broader audience around the world.

Bridging the Digital Divide

ChatGPT Free Version Now Accessible Without Account Login

The decision to remove the account login requirement for the free version of ChatGPIT is part of a larger initiative to bridge the digital divide and ensure that cutting-edge AI technology is available to everyone. By eliminating the login barrier, the developers hope to democratize access to AI, allowing users of all backgrounds to experience and interact with ChatGPT without requiring an account or personal data submission.

Enhanced Privacy and Accessibility

This update is also being seen as a step towards increased privacy and user-friendliness. Users concerned about data privacy will find solace in the fact that they can now use ChatGPT without providing personal information or creating an account. The change is expected to attract a new wave of users who were previously hesitant to join the platform due to privacy concerns.

A Step Towards Open AI

A spokesperson for the development team said, “Making ChatGPT available without an account login is an important step towards our vision of making AI universally accessible and beneficial.” “We believe this update will not only expand our user base but also foster a more inclusive environment where anyone can explore the potential of AI.”

What Users Can Expect

With the removal of the login requirement, users can now directly access the free version of ChatGPT and start conversations immediately. The platform will continue to provide the same features and capabilities as before, including asking questions, generating texts, and getting help with various tasks. However, users who want to access advanced features or customization can still choose to create an account.

Also Read: Japan Invests $3.9 Billion in Rapidus Chip Venture to Boost Tech Dominance

Looking Forward

The move to make ChatGPIT more accessible reflects a growing trend of AI democratization in the tech industry. As AI continues to play a key role in shaping our digital future, initiatives like this are important to ensure that the benefits of AI technologies are widely available. ChatGPT’s developers are committed to further innovations and updates that will continue to improve accessibility, privacy, and user experience.

In conclusion, this update is a welcome change for current and potential ChatGPT users, providing a more accessible and privacy-conscious way to interact with the AI. As the platform becomes available to a wider audience, the potential for innovative uses and applications of ChatGPT is only set to increase.

Japan Invests $3.9 Billion in Rapidus Chip Venture to Boost Tech Dominance

Japan Invests $3.9 Billion in Rapidus Chip Venture to Boost Tech Dominance

Leave a Comment / News, Tech News / By

Japan has given the green light to allocate a substantial sum of ¥590 billion ($3.9 billion) in subsidies to Rapidus Corp., a semiconductor venture, as part of its ongoing efforts to ramp up chip production capabilities. This significant financial injection is aimed at aiding Rapidus in procuring chipmaking equipment and advancing its back-end chipmaking processes, revealed Economy Minister Ken Saito.

Strategic Investment in Next-Generation Semiconductors

Japan Invests $3.9 Billion in Rapidus Chip Venture to Boost Tech Dominance

Image Source: kuwaittimes.com

During a regular news conference in Tokyo, Minister Saito emphasized the critical role of next-generation semiconductors in shaping Japan’s industrial landscape and economic growth trajectory. He emphasized the pivotal nature of this fiscal year for Rapidus, underlining the importance of their endeavors in the semiconductor domain.

This move has sparked positive market reactions, with Japanese chip equipment makers such as Tokyo Electron Ltd. and Disco Corp. experiencing notable stock price surges in response to the subsidy approval.

Reviving Japan's Semiconductor Sector

This substantial funding forms part of Japan’s broader strategy, allocating around ¥4 trillion over the last three years to revitalize its semiconductor manufacturing capabilities. Prime Minister Fumio Kishida has set ambitious targets, aiming for ¥10 trillion in financial support to chipmakers, in collaboration with the private sector.

Geopolitical tensions and a growing awareness of the strategic importance of semiconductors globally have prompted governments worldwide to bolster domestic semiconductor production. This industry’s significance extends beyond consumer electronics, encompassing critical applications in automotive, energy, defense, and more.

Rapidus’s collaboration with Japanese researchers in nanotechnology and materials underscores the nation’s commitment to narrowing the gap with leading chip manufacturers like Taiwan Semiconductor Manufacturing Co. (TSMC). The aim is to leverage cutting-edge fabrication technology and enhance production efficiency.

Accelerating Innovation and Production Cycles

A substantial portion of the newly approved subsidies will be channeled into equipping Rapidus’s pilot line at its Chitose plant, collaborating with IBM Corp. researchers, streamlining production processes, and developing advanced packaging technologies. These initiatives align with Rapidus’s ambitious goal of mass-producing semiconductors using 2-nanometer processes by 2027, while achieving production cycles twice as fast as competitors.

Also Read: Xiaomi Shifts Focus from Apple to Tesla in the EV Market with 120,000 Orders in 36 Hours

President Atsuyoshi Koike of Rapidus emphasized the critical role these funds play in realizing their vision, highlighting the importance of the pilot line’s development.

Minister Saito also reflected on Japan’s past economic challenges, attributing part of its stagnation to a lack of understanding regarding semiconductor importance. He stressed the foundational role of chips in driving digitalization, decarbonization, and economic security, positioning semiconductors as the cornerstone of Japan’s industries and global economic infrastructure.

Xiaomi Shifts Focus from Apple to Tesla in the EV Market

Xiaomi Shifts Focus from Apple to Tesla in the EV Market with 120,000 Orders in 36 Hours

Leave a Comment / News, Tech News / By

Xiaomi, which is well-known for its intense rivalry with Apple in the smartphone space, is making a foray into the electric vehicle (EV) industry with the SU7 sedan. Within 36 hours of its introduction, Xiaomi got an astounding 120,000 orders, putting it in a position to threaten Tesla’s hegemony in the electric vehicle market.

Joining the EV Arena

Under the leadership of billionaire founder and chief executive officer Lei Jun, Xiaomi is making a big move with its entry into the EV market. With the introduction of the SU7 sedan, Xiaomi is aiming to upend the car business, replicating its achievements in the smartphone sector a decade prior.

Challenging Tesla's Hegemony

Xiaomi Shifts Focus from Apple to Tesla in the EV Market

Image Source: news.yahoo.com

Lei Jun’s audacious claim during the Beijing presentation that it’s time for owners of the Tesla Model 3 to switch to the Xiaomi SU7 highlights the company’s faith in its new product. Xiaomi hopes to challenge Tesla’s market dominance in China with low prices starting around $30,000 and remarkable specs that in some cases exceed those of the Model 3.

Outstanding Pre-Order Totals

In only a few minutes after the SU7 sedan went on sale, Xiaomi got over 50,000 orders, indicating a high level of interest in their electric car. The business revealed that during the first day, about 90,000 pre-orders were placed, demonstrating how excited customers were about Xiaomi’s debut in the field of electric vehicles.

Cutting-Edge Features and Technology

Impressive specs are offered by the SU7 sedan, which includes a 73.6 kWh battery with a 700 km range for the base model and a 94.3 kWh battery with an 830 km range for the Pro variant. Pilot Pro ADAS and a Dolby Atmos sound system are examples of cutting-edge technical features that further improve driving and establish the SU7 as a serious rival to Tesla’s products.

Global Aspirations

Lei Jun has set high standards for Xiaomi’s electric vehicle business, hoping to dominate the global car industry in the coming 15 to 20 years. Xiaomi is dedicated to upending the industry and making a name for itself in the EV market, and it has ambitions to invest a total of ten billion dollars in the electric vehicle field.

Also Read: Google Agrees to Delete Web Browsing Data Collected in ‘Incognito’ Mode

Barriers to Come

Xiaomi has a tough time competing in a market full of major companies’ EV vehicles, even with such a strong start. Xiaomi’s plans to expand internationally are seriously hampered by regulatory barriers and market saturation, particularly in countries like the US.

In summary, with the SU7 sedan, Xiaomi has entered the electric vehicle market, which is a big step forward for both the business and the auto sector overall. With remarkable pre-order numbers and big ambitions for the future, Xiaomi is ready to upset Tesla’s hegemony and change the electric vehicle market. A new age of electric vehicles may be ushered in by Xiaomi’s creative strategy and competitive offers as the EV market keeps growing.