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Zama’s Revolutionary Homomorphic Encryption Technology Secures $73M Investment, Valued at Almost $400M

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It has solutions to address blockchain transactions and solutions for data exchange around artificial intelligence training and usage. It has also built and posted four libraries to carry out that work on GitHub and claims that 3,000 developers are using these. Zama’s technology is the key to build multiplayer, privacy-preserving applications,” said Kyle Samani, managing partner of Multicoin Capital, in a statement. That still doesn’t represent useful speeds for most of the world’s transactions, but given that blockchain transactions themselves are typically slow-moving, that presented an opportunity to offer Zama’s solutions to crypto developers. In the meantime, companies like Zama are continuing to work on algorithms and techniques to compress the work involved to carry out homomorphic encryption on existing infrastructure.

MIT’s Revolutionary High-Capacity Organic Battery Technology Licensed by Lamborghini

Lamborghini Lanzador Concept
Unlike nearly every other lithium-ion battery chemistry, TAQ is an organic compound — not the free-range hippie type, but the kind made primarily of carbon. Researchers have been investigating organic materials as cathodes, the negatively charged part of the cell, because they could store more energy at lower cost. TAQ, short for bis-tetraaminobenzoquinone, is composed of carbon, nitrogen, oxygen and hydrogen arranged in a row of three neighboring hexagons. The structure is similar to that of graphite, which is almost universally used today as an anode material (the positive terminal). Lamborghini, which previously used a supercapacitor developed in Dincă’s lab in its Sian model, has licensed the patent on the material.

“FirstCry, Backed by SoftBank, Aims to Secure $220 Million through India IPO”

Firstcry
E-commerce startup FirstCry is seeking to raise $218 million through issue of fresh shares in its initial public offering, the 13-year-old startup said in a draft prospectus filed with the market regulator Thursday, becoming the latest Indian startup to explore the public markets. FirstCry earlier sought to raise as much as $700 million in its Mumbai IPO, but deterred the plan as the market conditions worsened. Brainbees Solutions, the parent firm of online baby product marketplace FirstCry, said that some investors including SoftBank. The startup is eyeing a valuation of about $4 billion, down from previous $6 billion ambitions, according to a person familiar with the matter. FirstCry said it hadn’t set the price in its draft prospectus.