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Intel And Broadcom Show Off Super-Fast Wi-Fi 7 Technology

The two tech giants demonstrated the speed and stability of the incoming new Wi-Fi standard in a showcase event in Santa Clara, California.

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Although overshadowed by the announcement of Queen Elizabeth II’s death, the Intel Corporation and Broadcom yesterday quietly ushered in a huge milestone in tech with a demonstration of the first cross-company Wi-Fi 7 implementation.

The collaboration showcased consistent Wi-Fi speeds of over 5 gigabits per second (5Gbps), using an Intel Core laptop connected to a Broadcom access point.

“We are proud to highlight how next-generation Wi-Fi 7 can make new mobile PC experiences possible. Industry collaboration is essential to ensure we deliver on the promises of this new wireless technology. We would like to thank our colleagues at Broadcom for their great technical cooperation, which helped enable this unprecedented, first-of-its-kind demonstration of ultra-high speed and ultra-low latency Wi-Fi 7,” says Carlos Cordeiro, Intel Fellow and Wireless CTO, Client Computing Group, Intel.

Wi-Fi 7 will be the gold standard for at least 10 years of product releases, offering high speeds, increased stability, and low latency compared to existing solutions. For technology fans wanting more details, Wi-Fi 7 will feature wider 320 MHz channels in the 6GHz spectrum, higher order 4K QAM modulation, and improved channel utilization.

“Today’s milestone sends a clear message: the ecosystem is ready, and Wi-Fi 7 is here to deliver extraordinary capacity and blazing fast speeds to extend gigabit broadband. The reliable, low latency communication provided by Wi-Fi 7 is a key element of Broadcom’s vision for connecting everything as the Internet evolves to its next iteration,” says Vijay Nagarajan, vice president, Wireless Connectivity Division, Broadcom.

Also Read: How To Change Your Wi-Fi Password To Keep Intruders At Bay

For those less concerned about the details and more interested in future applications, the new Wi-Fi standard will almost certainly be put to work in augmented and virtual reality settings, enabling fast and steady streaming of ultra-high-definition 16K video.

As our homes become increasingly connected and more devices rely on wireless signals, gamers and work-from-home employees alike will benefit from massive speed increases, while regular multimedia users will benefit from stable streams and better utilization of high-speed broadband and fiber internet services.

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

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mamo completes $3.4 million funding round to enhance fintech services
Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.

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