News

Intel Unveils Next-Generation Thunderbolt Prototype

Intel has demonstrated an early iteration of its next-generation Thunderbolt technology, based on new USB4 v2 and DisplayPort 2.1 specs.

Published

2 years ago

October 20, 2022

Nour Nasir

Intel

Intel has just released details of an early prototype of the next generation of its Thunderbolt technology. The next implementation of the port will deliver 80 Gbps of throughput, along with 120 Gbps of bandwidth, when hooked up to a display. These figures represent a massive leap in performance over the (already fast) current generation, and will be welcomed by both content creators and gamers alike.

“Thunderbolt is now the mainstream port on mobile PCs and integrated into three generations of Intel mobile CPUs. We’re very excited to lead the industry forward with the next generation of Thunderbolt built on the USB4 v2 specification,” says Jason Ziller, Client Connectivity Division, Intel.

intel next generation of thunderbolt

In addition to supporting the latest USB4 standard, the next generation of Thunderbolt will feature a variety of improvements, including:

Twice the total bandwidth of Thunderbolt 4, with triple the bandwidth for video-intensive applications.
Support for DisplayPort 2.1.
Twice the PCI Express data throughput for faster transfers and external GPUs.
Ability to use existing passive cables up to 1m.
Compatibility with previous versions of Thunderbolt, USB, and DisplayPort.
Supported by Intel certification programs.

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

So when will gamers and content creators benefit from this new generation of Thunderbolt? Details are currently sparse, and Intel is well known for its stringent testing and certification programs, so it will be a fair while before we see major manufacturers adding updated ports to docks, laptops, and other hardware.

We’ll be sure to keep enthusiasts updated as the technology develops, but we doubt there will be further news until well into 2023.

News

Paymob Extends Series B Funding To $72M Amid Continued Growth

The financial services provider has secured an extra $22 million after strong performance in its core market of Egypt.

Published

23 hours ago

September 12, 2024

Nour Nasir

paymob extends series b funding to $72 million amid continued growth

Leading financial services provider Paymob has secured an additional $22 million in a funding extension, bringing its Series B total to $72 million.

The funding was spearheaded by EBRD Venture Capital, with support from Endeavor Catalyst. Existing backers such as PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures also participated, reaffirming their confidence in Paymob’s business model and potential in the regional fintech industry.

This extension comes on the back of Paymob’s strong performance in its core market of Egypt, where it has experienced 6x revenue growth since the initial Series B in Q2 2022. With the Series B extension and continued profitability in Egypt, Paymob is well-positioned to further its expansion strategy across the MENA region.

Islam Shawky, Co-founder and CEO of Paymob, commented: “We are very excited by our strong prospects in Egypt – where we hold a market-leading position – and the significant traction experienced in the UAE since launching operations there. This funding will help Paymob fully capitalize on the momentum in our established markets, as we accelerate our GCC roll-out. We remain committed to creating cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact”.

Also Read: Zoho Expands Qatar Operations & Releases New Survey Data

The expansion into GCC markets has been driven by Paymob’s initial Series B funding of $50 million, raised in 2022 and led by Kora Capital, PayPal Ventures, and Clay Point. The investment fueled Paymob’s growth, allowing it to launch its mobile app in 2023 and grow its merchant base by 3.5 times, now serving nearly 350,000 merchants across MENA.

Paymob has also expanded its payment acceptance suite to offer 50 payment methods through its gateway, POS terminals, and the Paymob app, providing the region’s most comprehensive fintech solution. The company recently introduced embedded checkout services for Shopify and WooCommerce, further demonstrating its commitment to empowering small and medium businesses across the region.