News

NVIDIA Reveals RTX 4070 GPU & Announces RTX Remix Update

The new RTX 4070 GPU improves performance for gaming and content creation, while a new RTX Remix component breathes life into classic DirectX games.

Published

1 year ago

April 13, 2023

Nour Nasir

NVIDIA

Today, NVIDIA announced the release of a new graphics card in their 40 series lineup, the GeForce RTX 4070. With prices starting at AED 2,579, the RTX 4070 is the cheapest Ada Lovelace-based desktop GPU available, offering gamers and content creators the latest NVIDIA technologies and improved all-round performance.

The GeForce RTX 4070 is a perfect GPU for 1440p gaming and packs RTX acceleration, AI tools, and ray tracing into its compact frame.

As well as boasting 1.7x faster speeds than the previous generation RTX 3070Ti, the card should reduce gaming power consumption by 23% and benefit from all of the features of the NVIDIA RTX platform, including:

NVIDIA DLSS 3
NVIDIA Reflex
NVIDIA Game Ready Drivers
RTX Video Super Resolution

Also Read: Top 10 Best Video Games Set In The Middle East

GeForce RTX 4070 graphics cards will be available from April 13th in Founders Edition spec, in addition to in-house models from ASUS, Gainward, Colorful, INNO3D, GALAX, KFA2, GIGABYTE, MSI, Palit, PNY, and ZOTAC.

Until May 8th, 2023, gamers purchasing eligible GeForce RTX 40 series cards will also receive an Overwatch 2 Ultimate Battle Pass and an additional 1,000 Overwatch 2 coins worth $40.

Remastered Classic DirectX Games With NVIDIA Remix Runtime

NVIDIA also announced the availability of a new open-source component of their RTX Remix modding platform. The upgrade will enable enthusiasts to remaster classic PC games by capturing a game scene and “replacing assets at playback while injecting RTX technology, such as path tracing, DLSS 3, and Reflex”.

In a recent press release, NVIDIA stated that “Counter-Strike 2 will join a growing list of games that benefit from NVIDIA Reflex, including top titles such as Apex Legends, Call of Duty: Warzone 2, Destiny 2, Escape from Tarkov, Fortnite, Overwatch 2, Tom Clancy’s Rainbow Six Siege and Valorant”.

News

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.

Published

1 day ago

July 25, 2024

Nour Nasir

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.