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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.

Also Read: Snapchat Is Now Available For Everyone Via Web Browser

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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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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