Spinforjoy.com https://spinforjoy.com/ Your daily dose of news Tue, 20 Aug 2024 06:29:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 Football’s loathsome offside rule is getting an automated upgrade https://spinforjoy.com/footballs-loathsome-offside-rule-is-getting-an-automated-upgrade/ https://spinforjoy.com/footballs-loathsome-offside-rule-is-getting-an-automated-upgrade/#respond Tue, 20 Aug 2024 06:14:47 +0000 https://spinforjoy.com/?p=72391

The English Premier League is giving offside calls a (semi) automated upgrade.

The new system revamps arguably the most controversial rule in sports.

First introduced back in 1863, the offside law prevents sneaky footballers from camping by the goal.

In its current iteration, the rule only applies to attackers in their enemy’s half. Once they enter that space, teammates can only pass to them when they’re behind at least two opposition players.

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Sounds confusing? Well, allow me to clarify.

Players can be offside when any part of their body is beyond the defenders. Or maybe when there’s daylight between them. But sometimes, only when the attacker is “actively involved” in play. Got it? Good, me neither.

Officials have attempted to refine the rule, but offside calls still constantly enrage both footballers and fans.

The latest target of their ire is the video-assistant referee (VAR). Designed to review decisions made on the pitch, the system added a second offside check. Unfortunately, it also added new problems.

Not only did the decisions remain controversial, they were now also excruciatingly slow. The Premier League was sent back to the drawing board.

It returned today with a new solution: semi-automated offside technology (SAOT).

Automated offsides

SAOT applies optical tracking to footballers. When a player is offside, the software automatically draws lines on the footage to illustrate their position. Referees then check the film before making a decision.

By combining automation with human oversight, the system could enhance both accuracy and speed. At least, that’s the plan.

Attackers in the blue zone have entered an offside position. Credit: Genius Sports.

The Premier League will introduce SAOT next season, which kicks off on Friday. British tech firm Genius Sports has been recruited to design the system.

The company will install computer vision cameras in every Premier League stadium. According to Genius Sports, the software can generate full 3D renders of the players, ball, and offside area in “seconds.” Officials can then make a precise call.

Tony Scholes, the Premier League’s Chief Football Officer, expects the system to improve the flow of the game. He claims SAOT will enhance the experience for all participants — “including supporters.”

It’s a bold promise, but one that even perfect tech would struggle to fulfil. Because sometimes the only right decision is the one that benefits our team.

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Norway wealth fund credits tech for $138B profit but envisions market crash https://spinforjoy.com/norway-wealth-fund-credits-tech-for-138b-profit-but-envisions-market-crash/ https://spinforjoy.com/norway-wealth-fund-credits-tech-for-138b-profit-but-envisions-market-crash/#respond Tue, 20 Aug 2024 06:13:02 +0000 https://spinforjoy.com/?p=72388

Norway’s sovereign wealth fund is celebrating a $138 billion profit from the first half of the year, but has put the champagne on ice.

The $1.6 trillion fund credited the returns to investments in tech. Driven by surging demand for AI, technology stocks surged during early 2024.

Norway’s sovereign wealth fund — the largest in the world — reaped the benefits. Its equity portfolio gained 12% in the six months through June.

Nvidia provided the largest cash injection. Microsoft, Google, Amazon, and TSMC also chipped in big sums.

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Over a quarter of its equity investments (26%) are now in tech. But there are escalating fears about their financial futures.

Tech stocks have plummeted in recent weeks. The fund’s CEO, Nicolai Tangen, expects that worse is still to come.

Tangen has several anxieties about the market. One is the rising levels of sovereign debt, which can cause markets to plunge.

“It’s at a level we haven’t seen [before], it is continuing to increase, and there seems to be very little willingness anywhere in the world to actively try to reduce it,” he told Reuters.

At a news conference on Wednesday, Tangen also raised concerns about global tensions. He cites the wars in Ukraine and Gaza as significant risk factors for the fund’s investments.

“There is a lot of uncertainty in the world and we are in a completely different geopolitical situation,” he said.

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Mozart and the digital twin for music https://spinforjoy.com/mozart-and-the-digital-twin-for-music/ https://spinforjoy.com/mozart-and-the-digital-twin-for-music/#respond Tue, 20 Aug 2024 06:11:31 +0000 https://spinforjoy.com/?p=72385

Although Mozart has no living descendants, his music still has countless inheritors. The latest in the lineage — born just this summer — is a digital twin.

German tech giant Siemens conceived the prodigious clone. Last month, the company brought the system to Mozart’s hometown of Salzburg.

Located at the foot of the Alps, the scenic city is hosting the prestigious Salzburg Festival of music and theatre. Classical notes are soaring through the sultry air. They’re sweeping across outdoor stages and around opera halls. Some have even entered the digital twin.

Like every digital twin, the system is a virtual model of a real-world counterpart. But this one has an unusual focus: sound.  

The technology replicates a building’s acoustics. By simulating sounds within the virtual domain, the twin reveals the sonic workings of the physical realm.

“We are around acoustics all the time, but this means we can really be in them,” Julia Müller, Salzburg Festival’s director of development, tells TNW. “It is such a different feeling.”

Siemens envisions abundant applications. Architects will design venues with peerless acoustics. Builders will construct homes with perfect soundproofing. Events will adapt convention centres for music, theatre, and dance. Conductors will customise opera halls for their music. Orchestras will rehearse in replicas of real concert halls.

But before those fantasies became reality, the digital twin was called for an audition. Salzburg provided two formidable tests: a fabled festival venue and the music of Mozart.

Digitising sound
The Large Festival Hall was built specifically for the Salzburg Festival. Credit: Siemens

Inaugurated in 1960, Salzburg’s Large Festival Hall is a storied setting for operas and concerts.

Built on old stables, the square auditorium has globally renowned acoustics. As the name suggests, the venue is also immense. The 100-metre stage is among the widest in the world. Around 2,200 people can attend each performance.

Their seats offer different music experiences. They also affect the music. Their materials, locations, and the people sitting on them all influence the acoustics that resound throughout the hall. So do the carpets on the floor, the musicians on the stage, and the instruments they play. 

The architecture also dramatically impacts the sound. When the building pushes echoes and reverberations into cacophonous directions, acoustic panels are installed on walls and ceilings to soothe the strains.

The digital twin had to model each of these effects. Siemens assigned the task to Simcenter, a software portfolio for developing and testing simulations.

The software first analysed data on the shape, structure, and contents of the hall. All the underlying materials were then precisely defined. Each can cause sound waves to behave differently. 

Soft curtains absorb the waves, while metal furnishings reflect them. When they bounce off concrete walls, they generate a distinct acoustic reaction. If they hit a seat, they will create another reaction.

Siemens analysed these effects through two core techniques: impulse response measurements and ray tracing. Together, they measured and simulated the flow of sound through the hall.

A virtual stage for Mozart

Engineers first installed 12 microphones around the auditorium. On the stage, they placed 11 high-quality speakers in the positions of the instruments. 

Each speaker then sent small signals around the room. For a set number of seconds, they transmitted a broad frequency band at a certain duration and precise volume.

As the signals circled the hall, microphones recorded their effects. The results were then sent for analysis.

“With that technology, we get the individual signature sound of the room,” Arnold Holler, an engagement manager at Siemens Simcenter, tells TNW.

Siemens then embedded that signature into the digital hall. 

Software showing the digital twin of Salzburg's Festival Hall, which now simulates Mozart's musiThe digital twin of Salzburg’s Festival Hall. Credit: Siemens

With virtual microphones and speakers in the same positions as their physical twins, the sound tests were repeated. Computer models then examined the acoustic behaviour.

“We correlate the simulation with the measurements and map the model to reality,” Holler says. “With that, you get the digital twin. Otherwise, you just have a digital model.”.

Assured that their replicant was fully developed, the team released the virtual doppelganger. 

The finished twin replicates endless musical configurations. Users can then explore the impact on every seat in the hall.

From remote locations, they can experiment with sounds, materials, and layouts. All their tweaks could transform the acoustics. By simulating them in a digital twin, they will create evidence for decisions in the real world.

More acoustic digital twins are already in the works. But technology still has to convince sceptics. To dispel their doubts, Siemens has turned to Salzburg’s favourite son. 

Mozart enters the digital stage

Siemens built the digital twin into an XR application. Named the “Sound of Science,” the app transports us into a 3D model of Salzburg’s Large Festival Hall. We then explore the music playing in the venue, adjusting sounds and structures as we listen. 

We move instruments, expand orchestras, add acoustic panels, and listen to the effects from different seats in the venue. Every change has an audible impact on the acoustics.

Stephan Frucht, the artistic director of the Siemens arts programme, chose Mozart’s 29th Symphony for the experience. Blending transparent textures with sophisticated techniques, the music showcases the digital twin’s capabilities.

A conductor and musician in his own right, Frucht cut the track in a Berlin studio. One instrument after another was recorded onto individual files. All were integrated with the digital twin. The audio signals were then fed into the XR software.

The XR app for the digital twin that plays Mozart's musicThe app provides views — and listens — from the conductor’s perch, the stalls, and the upper circle. Credit: Siemens

The XR app opens a window into the potential of acoustic digital twins. It also shines a new light on Siemens.

Music’s digital future

Founded back in 1847, Siemens has a lengthy history of engineering excellence. The Munich-based firm is also Europe’s largest industrial manufacturer. But the current company has another focus: software. 

Digital twins are a central component of today’s business. They’re used to monitor and improve various industrial operations, from manufacturing plants to energy grids. 

The Salzburg system shows the twins can also optimise acoustic conditions. Frucht has even loftier ambitions for the project. He believes the music can influence industrial applications.

“After all, innovation can also come from culture,” he says.

He points to a precedent set by Salzburg’s second favourite musical son: Herbert von Karajan. A celebrated (and controversial) Austrian conductor, Karajan inaugurated the Large Festival Hall. He was also involved in developing the compact disc. One of his recordings was the first work ever pressed onto the plastic.

Legend has it that he also set the CD’s parameters. He reputedly demanded that a single disc must have space for Beethoven’s 9th Symphony. The outcome was a 74-minute capacity.

If music has a similar impact on digital twins, Mozart could have a whole new breed of descendants.

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$45B valuation — Revolut becomes Europe’s most precious private tech firm https://spinforjoy.com/45b-valuation-revolut-becomes-europes-most-precious-private-tech-firm/ https://spinforjoy.com/45b-valuation-revolut-becomes-europes-most-precious-private-tech-firm/#respond Tue, 20 Aug 2024 06:09:10 +0000 https://spinforjoy.com/?p=72383

UK fintech Revolut has been valued at $45bn following a share sale by employees, making it Europe’s most valuable private tech company and shaking up the world of traditional finance. 

An employee share sale is when staff sell their company shares either to the company they work for, external investors, or on the open market. In Revolut’s case, its employees sold a portion of their shares to investors including Coatue, D1 Capital Partners, and Tiger Global, among others.  

Revolut’s new valuation puts it above the market capitalisation of most of Britain’s oldest banks, including Barclays, Lloyds Bank, and NatWest. Only HSBC is valued higher. Investors in Revolut are clearly confident that the neobank has much better growth prospects than many traditional lenders.

Nik Storonsky, Revolut’s CEO, said he was “delighted” that his employees could realise the benefits of the company’s “collective success” via the share sale. “We’re also excited to partner with several new investors who share our vision as we continue our journey to redefine the banking landscape as we’ve known it,” he said.

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The fresh valuation comes at a good time for Revolut. Last month, the company finally secured its UK banking licence, which allows it to provide overdrafts, loans, and savings products — just like traditional banks. In 2023, Revolut reported revenues of $2.2bn and says it is on track to surpass 50 million customers by the end of this year. 

The news comes as Revolut gears up for its highly-anticipated IPO. While the British business has yet to set a date for its debut on the public market, co-founders Storonsky and Vlad Yatsenko previously indicated that they would likely list in New York. However, a listing in London is still possible, the Financial Times reports.

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Are the kids alright? Helping Gen Z navigate volatile careers https://spinforjoy.com/are-the-kids-alright-helping-gen-z-navigate-volatile-careers/ https://spinforjoy.com/are-the-kids-alright-helping-gen-z-navigate-volatile-careers/#respond Tue, 20 Aug 2024 06:07:25 +0000 https://spinforjoy.com/?p=72381

In a world of rapidly advancing technology, how can young workers keep their skills up to date?

Read more: Are the kids alright? Helping Gen Z navigate volatile careers

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Dublin-based Drive acquired by Nasdaq-listed ACV Auctions https://spinforjoy.com/dublin-based-drive-acquired-by-nasdaq-listed-acv-auctions/ https://spinforjoy.com/dublin-based-drive-acquired-by-nasdaq-listed-acv-auctions/#respond Tue, 20 Aug 2024 06:05:51 +0000 https://spinforjoy.com/?p=72379

Co-founder Shane Ennis said that New York-based ACV is a ‘future version’ of what Drive aspires to be.

Read more: Dublin-based Drive acquired by Nasdaq-listed ACV Auctions

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New metal foam aims to tackle ‘dire’ energy problem at data centres https://spinforjoy.com/new-metal-foam-aims-to-tackle-dire-energy-problem-at-data-centres/ https://spinforjoy.com/new-metal-foam-aims-to-tackle-dire-energy-problem-at-data-centres/#respond Tue, 20 Aug 2024 06:03:46 +0000 https://spinforjoy.com/?p=72375

Female-led Apheros has raised $1.85mn to tackle a pressing problem for the tech sector: the exponential energy consumption of data centres.

Data centres are the foundation of our digital infrastructure, housing the servers, data storage systems, and networking equipment necessary to power everything online.

They’re also critical for the development of emerging technologies, such as AI and high performance computing (HCP), which are driving up energy demand.

According to the International Energy Agency (IEA), data centres consumed 460 terawatt-hours (TWh) of electricity in 2022. In 2026, this number could reach over 1,000TWh — which is roughly equivalent to the electricity consumption of Japan.

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Cooling is one of the most energy-intensive processes within data centres — and this is where Apheros comes in.

A new type of metal foam cooling

Julia Carpenter and Gaëlle Andreatta spun out the startup from ETH Zurich in Switzerland just a year ago. The young company develops cooling solutions using a new type of metal foam technology.

Apheros’ co-founders: Gaëlle Andreatta (CTO) and Julia Carpenter (CEO). Credit: Apheros

Apheros manufactures metal foam structures that promise low density, open porosity, and a surface area that’s 1,000 times greater than existing alternatives. These characteristics translate to increased heat transfer and flow properties.

The startup’s foams are also material agnostic, meaning that they can be tailored to various metals including copper, iron, and stainless steel.

While the technology has a wide range of applications, Apheros is currently focusing on liquid cooling solutions, which among other uses, can cool down chips in data centres.

The process works as follows. As the foam encases the chips, it expands their surface area. This enables heat to move faster, and then be dissipated by the data centre’s own cooling system.

“Dire” need for better cooling systems

According to Andreatta, who’s also serving as Aphero’s CTO, the need for improved cooling solutions is “dire.”

“AI development is driving exponential growth in data center energy consumption and inefficient cooling is the main culprit,” she said.

With the fresh funding, the startup plans to accelerate development of its metal foam products and move towards commercial deployment. Switzerland-based VC firm Founderful led the pre-seed round.

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A new AI system promises to enhance your tennis swing — and your racket https://spinforjoy.com/a-new-ai-system-promises-to-enhance-your-tennis-swing-and-your-racket/ https://spinforjoy.com/a-new-ai-system-promises-to-enhance-your-tennis-swing-and-your-racket/#respond Tue, 20 Aug 2024 06:02:00 +0000 https://spinforjoy.com/?p=72372

SportAI has grand plans for tennis analytics. The startup wants to not only enhance a player’s technique, but also the racket they swing.

The Norway-based business analyses sports footage in real-time. It then delivers instant, personalised feedback.

For tennis players, the system serves up coaching advice. For racket makers and retailers, the insights can return product recommendations.

“The AI analyses a player’s technique, identifying specific needs based on their style and level of play and recommends equipment that enhances their performance,” Lauren Pedersen, SportsAI’s CEO, told TNW.

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“It can identify the need for specific racket weights, or specifications suited to advanced players compared to beginners, or suggest gear tailored to all-court players versus baseliners.”

Pedersen has an athletic interest in the benefits. Before co-founding SportsAI, she was an NCAA tennis player. She now represents Norway at the ITF Masters World Championships.

Originally from New Zealand, Pedersen moved to Oslo in 2007 and shifted her focus to startups.

After spells at tech firms Opera and Airthings, she co-founded SportAI in 2023.

Computer vision for tennis
The platform assesses individual tennis shots. Credit: SportAI

SportAI can analyse video from mobile phones, cameras mounted at courts, or broadcast feeds.

Through a combination of machine learning and computer vision, the system interprets the biomechanical data. Insights are then delivered straight to users.

The approach removes the need for manual tagging and specific hardware. Consequently, SportAI can cut the costs of advanced analytics.

The SaaS platform also promises to broaden access to athletic insights. Businesses can directly integrate the software with their coaching, equipment, and broadcast coverage.

A fresh cash injection — announced today — could accelerate the uptake. The $1.8mn seed round was led by Skyfall Ventures, a VC firm based in Oslo.

Further funds came from two sportsmen: Dekel Valtzer, a former tennis pro and now a startup founder, and Magnus Carlsen, the highest-ranked chess player of all time. Carlsen also led SportAI’s pre-seed round and is an advisor to the company.

With the new funds, SportsAI aims to accelerate the reach of sports analytics. The company also plans to soon announces its first commercial contract.

SportsAI isn’t ready to disclose the partner’s name, but Pedersen did offer clues.

She describes the mystery business as a “prominent global platform that connects over a million racket sports players” and “oversees thousands of courts.”

Through the collaboration, SportAI will provide “AI-driven enhancements,” such as “personalised technique analysis and detailed match statistics.” Watch this space for the results on the court.

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IT World Canada assets are for sale https://spinforjoy.com/it-world-canada-assets-are-for-sale-2/ https://spinforjoy.com/it-world-canada-assets-are-for-sale-2/#respond Tue, 20 Aug 2024 05:59:42 +0000 https://spinforjoy.com/?p=72368

The assets of iconic publisher IT World Canada are up for sale. Today the Trustee, Crowe Soberman released the notice of sale. The following is a summary of that information taken from the PDF document available from the Trustee. For the official version of this information, please contact the Trustee using the contact information at the bottom of this article.

Invitation for Offers to Purchase the Business and Assets of IT WORLD CANADA INC. DEADLINE FOR SUBMITTING A BINDING LETTER OF INTENT: June 12, 2024

An opportunity exists to purchase the assets of IT World Canada Inc. (“IT World” or the “Company”).

For over three decades IT World was a leading Canadian online resource for IT professionals working in medium to large enterprises.

In addition, the Company specialized in providing marketing services, advertising and demand generation consulting for a variety of companies through their website, newsletters, affiliated podcasts, events and other media publications.

Included in the property for sale are the websites:

ITWorldCanada.com
ITBusiness.ca
Directioninformatique.com
ChannelDailynews.com
Itwc.ca (corporate website)

In addition there are:

A large number of opt-in Newsletters including dailies for each publication as well as newsletters for key areas of interest.
IT World has a database of over 250,000 subscribers and contacts. Subscribers and contacts are compliant with Canadian Anti-Spam Legislation. Full demographic information and analytics regarding the subscribers are also available.
Client List of Key Media Purchasers, with Contacts and History of Engagements
Industry Partnerships and Key Industry Events: Established keynote events including MapleSec (cybersecurity), Analytics unleashed and more.

If you are interested in pursuing this opportunity, please contact the Trustee to obtain the full document and a non-disclosure agreement (NDA). Parties who execute the NDA will be given access to a virtual data room providing confidential information and documents regarding the Company.

The deadline for delivery of a binding letter of intent is June 12, 2024 at 5:00 pm (EST). Trustee’s name: Crowe Soberman Inc. Attention: Zach Zelewicz 1-416-963-7205 Email: [email protected]

 

 

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IT World Canada assets are for sale https://spinforjoy.com/it-world-canada-assets-are-for-sale/ https://spinforjoy.com/it-world-canada-assets-are-for-sale/#respond Tue, 20 Aug 2024 05:59:41 +0000 https://spinforjoy.com/?p=72367

The assets of iconic publisher IT World Canada are up for sale. Today the Trustee, Crowe Soberman released the notice of sale. The following is a summary of that information taken from the PDF document available from the Trustee. For the official version of this information, please contact the Trustee using the contact information at the bottom of this article.

Invitation for Offers to Purchase the Business and Assets of IT WORLD CANADA INC. DEADLINE FOR SUBMITTING A BINDING LETTER OF INTENT: June 12, 2024

An opportunity exists to purchase the assets of IT World Canada Inc. (“IT World” or the “Company”).

For over three decades IT World was a leading Canadian online resource for IT professionals working in medium to large enterprises.

In addition, the Company specialized in providing marketing services, advertising and demand generation consulting for a variety of companies through their website, newsletters, affiliated podcasts, events and other media publications.

Included in the property for sale are the websites:

ITWorldCanada.com
ITBusiness.ca
Directioninformatique.com
ChannelDailynews.com
Itwc.ca (corporate website)

In addition there are:

A large number of opt-in Newsletters including dailies for each publication as well as newsletters for key areas of interest.
IT World has a database of over 250,000 subscribers and contacts. Subscribers and contacts are compliant with Canadian Anti-Spam Legislation. Full demographic information and analytics regarding the subscribers are also available.
Client List of Key Media Purchasers, with Contacts and History of Engagements
Industry Partnerships and Key Industry Events: Established keynote events including MapleSec (cybersecurity), Analytics unleashed and more.

If you are interested in pursuing this opportunity, please contact the Trustee to obtain the full document and a non-disclosure agreement (NDA). Parties who execute the NDA will be given access to a virtual data room providing confidential information and documents regarding the Company.

The deadline for delivery of a binding letter of intent is June 12, 2024 at 5:00 pm (EST). Trustee’s name: Crowe Soberman Inc. Attention: Zach Zelewicz 1-416-963-7205 Email: [email protected]

 

 

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