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| 🌟 Hey Insiders, In today's issue, explore with us as High Tech Campus Eindhoven inaugurates 3ALITY 🌐 while we shine a light on top internet billionaires 💰 and unpack the U.S. DOE's $1M award to Framatome for nuclear digital twin development 🌟. More awaits below! Dive into Quick Hits ⚡ and mark your calendar with our Upcoming Events 📅. 💌 Your thoughts matter! Hit reply to share your insights directly with us. 👥 Finding our insights useful? Amplify our reach by sharing this newsletter within your circles. Thank you! Vildana
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| 1 | | High Tech Campus Eindhoven (HTCE) has inaugurated 3ALITY, a physical and spatial computing hub, to foster an ecosystem for Metaverse and VR/AR technologies. The hub, set to open in 2024, will be a nexus for businesses and collaborations in the spatial computing domain, with a vision to disrupt various industries through emerging technologies. More: - 3ALITY is designed to be a pivotal space for developing and integrating Metaverse and spatial computing technologies.
- The hub, scheduled to open in Feb. 2024, will be located in HTC 37, a former Philips Research building.
- Epic Games has been announced as the first partner of 3ALITY, enhancing its technological and collaborative scope.
- 3ALITY aims to bridge the digital and physical worlds, symbolizing the 3D evolution of the internet.
- The hub will provide office spaces and collaborative facilities, aiding new businesses to integrate into the ecosystem.
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| 2 | | 
What the numbers say: As of Sep. 2023, Jeff Bezos, the founder of Amazon, held the title of the world's wealthiest internet billionaire, boasting an estimated net worth of $114B. Larry Ellison, the Chief Technology Officer of computer software company Oracle, secured the second spot with a substantial fortune of $107B, while Bill Gates, the co-founder of tech giant Microsoft, claimed the third position among internet billionaires, amassing a net worth of $104B. Relevance: Meta, Facebook's parent company, encountered a drastic share price plummet in 2022, significantly reducing Zuckerberg's fortune by $81B, positioning it at $44.4B as of Dec. 28. Furthermore, Meta grapples with rigorous competition from the rising TikTok, alongside enduring challenges like its competitor Google, in a bleak advertising market amid a global economic downturn and escalating inflation.
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| 3 | | Framatome has been awarded a $1M contract for phase two of the Digital Twin-based Diagnostics for Nuclear Auxiliary Systems project in North America. The funding is sponsored by the Department of Energy's (DOE) Advanced Research Projects Agency – Energy (ARPA-E) office. More: - Phase two focuses on commercializing automated diagnostic technology for nuclear plant auxiliary systems, specifically plant service water and cooling water systems.
- Framatome is partnering with Metroscope, an EDF start-up founded in Paris in 2018, to develop digital twin solutions for energy production plants.
- Metroscope's software is deployed on 67 industrial assets and utilizes Microsoft Azure technology for a scalable, reliable, and highly secure solution.
- The project builds on Metroscope diagnostic technology already in use at more than 60 nuclear power plants (NPPs).
Zoom Out: - Metroscope's software was awarded the 2019 Nuclear Innovation of the Year by SFEN (French Nuclear Energy Society).
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| 4 | | The Air Force Special Operations Command (AFSOC) is leveraging XR to revolutionize its training and readiness approaches. XR, encompassing virtual, augmented, and mixed reality, provides a spectrum of experiences, from fully virtual environments to digital content overlays in the real world, enhancing the training landscape of AFSOC. More: - AFSOC's XR Training Framework aims to provide Air Commandos with the ability to conduct repetitive readiness training anytime, anywhere.
- The XR training program seeks to produce warfighters with enhanced skillset competencies and proficiency in more realistic environments.
- AFSOC established an XR cross-functional team at the beginning of FY23 to create an XR training framework for the entire command.
- The XR framework operates on a "crawl, walk, run" strategy composed of four distinct lines of effort (LOEs).
- Small group XR testing sessions with the AC-130J FTU are planned for Summer 2024, and the C-146 FTU is planned for Fall 2024.
Zoom Out: - The U.S. Army is also utilizing VR in training, providing soldiers with realistic battlefield simulations and enhancing their preparedness.
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| 5 | | Mark Zuckerberg, Meta CEO, explores the potential of using the Metaverse to create virtual versions of deceased loved ones, acknowledging such technology's complexity and ethical considerations. The discussion occurred during a Metaverse interview, where Zuckerberg also showcased Meta's new Codec avatars, which utilize scanning technology to create highly realistic 3D models of user faces. More: - Meta's Codec avatars use advanced scanning technology to build 3D facial models.
- Zuckerberg discussed the possibility of interacting with virtual versions of passed loved ones.
- He noted that while it might aid grieving, it could also be "unhealthy."
- The concept involves using VR and AI technology to recreate deceased individuals.
- Meta's previous avatar technology was criticized and mocked online.
Zoom Out: - Meta has faced challenges sustaining consumer and investor enthusiasm for its Metaverse following initial hype.
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| 6 | | BT Group's new testbed in the U.K. focuses on immersive experiences across work, home, health, and entertainment. The trial will utilize EE's 5G and private 5G networks to explore mixed reality use cases. More: - BT seeks to optimize networks for high bandwidth, capacity, and ultra-low latency to support extended reality applications.
- The testbed aims to collaborate with technology partners and customers to develop future immersive experiences.
- BT Group will investigate AR for blended realities, combining virtual content with the real world.
- BT aims to optimize networks for cloud-GPU-rendered XR experiences over public and private 5G networks.
Zoom Out: - According to Deloitte, over 60% of consumers with smartphones say they have 5G, up from 50% in 2022.
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| 7 | | QUICK HITS - LiquidPiston's engines are up to 10x smaller and 30% more fuel efficient. Invest as they disrupt the $400B combustion engine market.*
- Legoland is venturing into AR games to enhance visitor experiences.
- Campfire is set to launch its 3D collaboration platform on the Meta Quest 3 store on Nov. 1, 2023.
- Casio launched its first virtual store on VRChat, enabling users to customize and purchase personalized G-Shock watches for their avatars.
- These are the 5 core strategies for cloud innovation that showcase how digital native businesses are harnessing cloud innovations. Read now.*
*This is sponsored content. | | | |
| Upcoming Events | | OCT
12 | | Panel discussion on cybersecurity insights for financial services companies* | | | | | | | OCT
16 | | Meet Our Fund 5, Building and Investing in AI | | | | | | | NOV
7 | | Join the Docker AI/ML Hackathon to help shape the exciting new frontier of AI and have a chance to win cool prizes!* | | | | | | * This is a sponsored event | | | |
Term of the Day Bottom of funnel: Bottom of funnel (BOF) is a marketing term used to describe the last stage in a marketing funnel. Question of the Week Do you share details about your salary with your coworkers? Join the conversation |
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