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NVIDIA Announces New Flagship RTX 4090 & RTX 4080 GPUs

The powerful new graphics cards will feature NVIDIA’s new architecture, with the flagship RTX 4090 sporting 24GB of RAM.

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nvidia announces new flagship rtx 4090 and rtx 4080 gpus
NVIDIA

Yesterday, NVIDIA announced its latest RTX 40-series graphics cards, the GeForce RTX 4090 and RTX 4080. Rumors have been circulating for months about the release of the flagship GPUs, which feature NVIDIA’s  new “Ada Lovelace” architecture, named after the mathematician who worked on Charles Babbage’s early computer, named the Analytical Engine.

History lessons aside, the new cards use the third-generation DLSS, with the RTX 4090 packed with 24GB of G6X RAM, which NVIDIA claims will make it two to four times faster than the outgoing RTX 3090 Ti — though you’ll have to pay $1,599 to experience the flagship’s raw power when it launches on October 12th.

The RTX 4080 was announced simultaneously, with two separate memory configurations of 12GB and 16GB. The RTX 4080 is also claimed to be two to four times faster than the outgoing RTX 3080 Ti model. No release date has been given for the RTX 4080 GPUs, though NVIDIA says the cards will be released in November, with a retail price of $899 for the 12GB model and $1,199 for the 16GB variant.

nvidia ada lovelace

The RTX launch also showed off NVIDIA’s Founders Edition graphics cards, which are limited edition in-house models released before hardware partners such as Asus, Colorful, Gainward, Galaxy, Gigabyte, INNO3D, MSI, Palit, PNY, and Zotac use the technology in their own models.

“For our new GeForce RTX 40 Series Founders Edition graphics cards, we’ve further optimized the Dual Axial Flow Through system, increasing fan sizes and fin volume by 10%, and upgrading to a 23-phase power supply. Memory temperatures are reduced, and the new, substantially more powerful Ada GPUs are kept cool in ventilated cases, giving gamers excellent overclocking headroom,” says Andrew Burnes, technical marketer at NVIDIA.

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Although the 40-series cards are now official and about to launch, RTX 30-series GPUs are likely to be around for some time. Earlier this year, NVIDIA was forced to adjust pricing on many of its cards due to excess stock, leading to RTX 30-series cards appearing at their correct retail prices, despite several years of price hikes by traders.

The launch of RTX 40-series GPUs comes at a tough time for NVIDIA and the graphics card market in general. Demand has fallen since the recent crypto crash, and the Ethereum merge. Combine this with soaring electricity prices, and the future looks uncertain for the market as a whole, despite the considerable power boost that cards like the RTX 4090 promise.

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du Considers Adding Crypto & Investment Tools To New Service

The company plans to bridge gaps in one of the financial market’s most underserved demographics, according to its CEO.

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du considers adding crypto and investment tools to new service

The Emirates Integrated Telecommunications Company, better known as Dubai-based du, is contemplating incorporating cryptocurrency and investment tools into its recently launched financial technology platform, according to CEO Nicolas Levi.

According to Levi, the potential enhancements would enable improved portfolio management for investors. The new tools and features would be realized through future partnerships while continuing to adhere to strict UAE regulations.

“Cryptocurrencies are being used as an investment. Will we have an investment product one day potentially? I’m not saying no to that. Will we use crypto for our own transactions? There are some plans with the [UAE] central bank to work on that,” Levi said in a recent interview.

The UAE Central Bank does not currently recognize cryptocurrencies as legal tender. However, the regulator began implementing its own form of digital currency back in March 2023, known as Digital Dirham. Additionally, the UAE Central Bank’s endorsement of legitimate crypto enterprises for banking services underscores the Emirates’ commitment to addressing real-world financial needs.

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du Pay, the company’s inaugural venture into the FinTech sector, had a soft launch earlier this month after UAE Central Bank authorization. Offering an array of financial services like domestic and international transfers, bill payments, recharges, and salary receipts through a unique IBAN, du Pay marks a significant strategic move by the telecom firm into the digital finance space.

The rising trend of mobile-based financial services in the UAE, including digital wallets and online payments, mirrors global trends. Statista projects the digital payments market to balloon to $16.7 trillion by 2028, at a CAGR exceeding 9.5% from 2024’s estimated $11.53 trillion.

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