Tech Talks | April 2024

Tech Talks | April 2024


In April's edition of Tech Talks:

  • BMW & Rimac: Electrification through strategic innovation
  • Sunfire: A Key Player in the Green Revolution
  • Verdane Supports Growth of Corlytics in the RegTech Sector
  • Revolution in Optical Manufacturing Through Laser Technology
  • Hitachi Energy and RWE Accelerate Europe's Energy Transition
  • Meta Introduces Advanced AI Chip
  • T2 Biosystems and Vizient Strengthen the Fight Against Sepsis


Automotive Engineering

BMW and Rimac: Electrification through Strategic Innovation

The BMW Group and Rimac Technology have initiated a partnership to develop advanced high-voltage storage technologies for electric vehicles. This collaboration leverages BMW’s extensive expertise in electromobility and Rimac’s specialized knowledge in high-voltage battery systems to enhance the performance and efficiency of future electric vehicles. By pooling the strengths of both companies, a platform is created that pushes the boundaries of current electromobility technology. BMW’s aim to expand its position in the premium segment of electromobility and Rimac’s transformation from a niche supplier to a Tier-1 supplier in the automotive industry highlight their shared commitment to innovation and sustainability. This strategic alliance could significantly alter the automotive industry by setting new standards for battery technology and electric vehicles.The development of improved high-voltage storage could enhance the range and charging efficiency of electric cars and accelerate the transition to more sustainable transportation means. For us as headhunters, this partnership indicates a rising demand for professionals with expertise in electrical engineering and sustainable development. Companies capable of identifying and nurturing these talents will be at the forefront of industry-wide changes.

https://www.press.bmwgroup.com/deutschland/article/detail/T0440947DE/bmw-group-und-rimac-technology-vereinbaren-langfristige-partnerschaft?language=de


Capital Equipment

Sunfire: A Key Player in the Green Revolution

The Dresden-based company Sunfire has become a pivotal player in the production of green hydrogen. Many industries currently face the challenge of becoming more climate-friendly or carbon-neutral. Sunfire, with its innovative electrolyzers, provides essential technology for producing hydrogen from renewable energy sources. This green hydrogen is indispensable for the energy transition and also for the decarbonization of sectors where direct electrification is not feasible, such as heavy industry and transportation.Sunfire’s technology can reduce dependence on fossil fuels and significantly contributes to climate protection. By establishing hydrogen as a clean energy source, sustainable alternatives are created for industries that are hard to decarbonize. A crucial aspect of this is the production of large-scale electrolyzers that produce green hydrogen efficiently and cost-effectively. The investments and government support Sunfire receives demonstrate confidence in the company’s ability to pave the way for a more sustainable future. This assistance allows Sunfire to increase production and thus make a significant step toward a more environmentally friendly industry.Meanwhile, the growing significance of green hydrogen and the accompanying expansion of companies like Sunfire signifies a rising demand for specialists in renewable energies, engineering, and sustainability management.https://www.handelsblatt.com/unternehmen/energie/sunfire-wasserstoff-start-up-sammelt-315-millionen-euro-ein-01/100020572.html


Finance and Strategy

Verdane Supports Growth of Corlytics in the RegTech Sector

Corlytics, a leading developer of technologies for regulatory intelligence and compliance, has received a significant investment from Verdane. This partnership enables Corlytics to further expand its leadership position in the RegTech field and drive growth.Verdane, known for its expertise in scaling technology-driven growth companies, chose Corlytics due to its innovative solutions and potential as an industry leader. The investment comes from Verdane's Edda III Fund and highlights Corlytics as a consolidator in the RegTech industry. In a time when financial service providers increasingly need to invest in their risk and compliance functions, Corlytics offers a unique end-to-end solution that spans regulatory monitoring to verification, enabling clients to meet growing regulatory requirements.With a significant investment in research and development, Corlytics has developed technologies that help companies effectively implement complex regulations. The company, which has seen an annual growth rate of 60% since 2020, has expanded its offerings through strategic acquisitions and established itself as a reliable partner for some of the largest financial institutions.The new partnership with Verdane marks a significant step for Corlytics to accelerate its growth and expand its offerings through additional acquisitions. This collaboration underscores Corlytics' commitment to innovation and its determination to address today's regulatory challenges and develop reliable solutions in the RegTech space.https://www.wallstreet-online.de/nachricht/17967008-corlytics-globale-regtech-softwarekonsolidierer-signifikante-investitionen-verdane-staerkung-fuehrungsposition-segment


Lighting and Optics

Revolution in Optical Manufacturing Through Laser Technology

The Fraunhofer Institute for Laser Technology ILT is on the brink of a significant innovation in the optical industry: the introduction of manufacturing processes entirely based on laser technology. This development, set to be presented at the OPTATEC trade fair and the Aachen Conference on Laser-Based Optical Manufacturing in 2024, could fundamentally change the way aspheres and freeform optics are manufactured.By utilizing digitally controlled laser processes, time and cost savings are achieved while simultaneously increasing flexibility and precision. The technology allows for massless and contact-free material processing, which provides clear cost advantages, especially with complex geometries. Moreover, the need for consumables is eliminated, which minimizes cleaning efforts.This innovation offers benefits that extend far beyond the mere manufacturing processes. It enables the production of customized optics, which can significantly reduce both the design efforts and the costs of optical systems. As fewer individual components are needed, complex optical systems can be implemented more efficiently, which in turn improves resource efficiency.For the recruitment industry, this means a growing need for experts in laser technology and digital manufacturing. The implementation of these advanced technologies requires qualified professionals and opens new opportunities for staffing in technically oriented sectors.https://optics.org/news/15/4/18


Renewable Energy

Hitachi Energy and RWE Accelerate Europe's Energy Transition

Hitachi Energy has entered into a framework agreement with RWE, one of Europe's largest power producers, to supply transformers for RWE's renewable energy projects across Europe. This partnership will facilitate the expansion of numerous clean energy projects and support Europe's path to net-zero emissions.Transformer technologies play a central role in enabling a clean and sustainable energy future. With comprehensive capabilities in the design, production, and service of transformers, Hitachi Energy will provide RWE with Small Power Transformers (SPTs) for its growing portfolio of green energy projects in Europe. This partnership demonstrates both companies' firm commitment to decarbonizing energy supply systems.The increasing importance of renewable energy sources, bolstered by the recent COP28 agreement with global goals to triple the production of renewable energy and double energy efficiency measures by 2030, requires solid partnerships and collaboration. Hitachi Energy’s agreement underscores its commitment to making global energy systems more sustainable, flexible, and secure.The future looks promising, especially for professionals in the renewable energy sector. Particularly, the integration and maintenance of advanced transformer technologies could significantly increase demand. Experts in green technologies and sustainable energy solutions are becoming increasingly crucial for successfully managing Europe's energy transition.

https://www.hitachienergy.com/de/de/news/features/2024/03/hitachi-energy-secures-agreement-with-rwe-to-accelerate-the-energy-transition-in-europe


Software and Infrastructure

Meta Introduces Advanced AI Chip

Meta Platforms has unveiled details about its latest AI accelerator chip, named "Artemis." This move aims to reduce reliance on Nvidia's AI chips while also lowering energy costs. The chip is manufactured by Taiwan Semiconductor Manufacturing Co. using a 5nm process and is reportedly three times more powerful than its predecessor. This innovative chip is a central component of Meta's efforts to enhance its AI products and services, including content ranking and recommendation models on Facebook and Instagram. With a $35 billion investment in AI-supporting infrastructure, including Data Centers and hardware, Meta is setting ambitious goals in the AI sector. The development and production of its own AI chips follow the trend of major technology companies reducing dependence on Nvidia while also enhancing the efficiency of their AI applications. Meta's MTIA chip will play a crucial role in the company’s long-term strategy to build and scale the most powerful and efficient infrastructure for its unique AI workloads. Particularly, professionals with expertise in AI, semiconductor technology, and energy-efficient computing stand to benefit from this development. The implementation of advanced AI chips requires specialized knowledge and skills, increasingly becoming a critical success factor in the fast-paced tech industry.

https://www.reuters.com/technology/meta-debuts-new-generation-ai-chip-2024-04-10/


Medical and Pharma

T2 Biosystems and Vizient Strengthen the Fight Against Sepsis

T2 Biosystems has extended its partnership with Vizient, a leading provider of healthcare performance improvement in the USA, until 2025. The collaboration aims to provide advanced diagnostic tools for sepsis detection. Contract products include the T2Dx? Instrument and the T2Bacteria? and T2Candida? panels, which enable rapid identification of sepsis pathogens directly from the blood. This accelerates treatment and can save patient lives. This extension reaffirms the value of T2 Biosystems' technologies in sepsis diagnostics. With a market expected to grow to $890 million by 2029, driven by the rising prevalence of hospital infections and surgical procedures, the industry is facing significant growth.

At MRL Life Sciences , we anticipate an increase in demand for specialists who can apply and interpret modern diagnostic procedures. These professionals are particularly important for hospitals and specialist clinics. There is an increasing need for experts with experience in molecular diagnostics and AI-supported diagnostic tools.

https://www.wallstreet-online.de/nachricht/17935563-t2-biosystems-announces-extension-of-multi-year-capital-equipment-supplier-agreement-with-vizient-inc



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