VW’s $5.8B Rivian Deal Hinges on Key Milestone Achievements
Volkswagen Group has invested a substantial $5.8 billion in Rivian, a promising electric vehicle (EV) startup. However, this investment …
March 10, 2023: On Thursday, Crypto prices dropped after Silvergate, a bank at the centre of the industry’s growth, decided to shut down.
Bitcoin dipped 2% to $21,570.04, Coin Metrics stated. Ether yielded nearly 2% and was previously trading at $1,527.58.
The slight move lower started late on Wednesday, a few hours after Silvergate Capital said it would wind down works and liquidate its crypto-friendly bank.
The relatively small move shows that cryptocurrency investors priced the news in the previous week when the company warned it might not be able to continue operating. It closed the SEN, or Silvergate Exchange Network, Conor Ryder stated the research analyst at Kaiko.
Bitcoin and ether have held up relatively better despite a challenging macroeconomic environment, still the significant driver of crypto price action despite a refusing correlation amid crypto and stocks and a series of setbacks for the space, which include the recent Silvergate improvements and the post-FTX regulatory crackdown on the industry that started in February.
Bitcoin’s correlation with stocks is much lesser than it was for much of 2022, and its volatility has been closer to historic lows for the previous few weeks.
Thursday’s move pushed bitcoin below the critical technical level of $22,200. While a few investors have accepted bitcoin’s recent sideways action in light of a series of adverse industry developments, chart analysts have been searching for the cryptocurrency to close over $25,000 to give even more meaning to its year-to-date profits, now approximately 30%.
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Volkswagen Group has invested a substantial $5.8 billion in Rivian, a promising electric vehicle (EV) startup. However, this investment …
The Lake Companies knows that to achieve best practices, specific daily business processes must happen and be done as simply as possible, even without human effort. “That’s how we develop our ERP software products. We strive to completely transform internal business processes and revolutionize the user experience with our software,” says Greg Lake, President of The Lake Companies. “Building the support for best practices in our software allows our customers to achieve far more than they anticipated, while paving the way for growth into advanced IoT and Industry 4.0 technologies. Our Simple, Elegant, and Powerful solutions are built specifically for and seamlessly integrate with Infor’s SyteLine®(CloudSuite®) ERP.”
Omron Automation Americas is a division of Omron, an industrial automation leader that creates, sells, and services fully integrated automation solutions including sensing, control, safety, vision, motion, robotics, and more. Established in 1933, Omron’s team of more than 30,000 employees helps businesses solve problems with creativity in more than 110 countries around the world.
Sitting in the decommissioned elevator shaft of an old industrial warehouse in the historic Point Breeze neighborhood of Pittsburgh, PA, Ed Bryner and a small team of mechanical engineers watch a robot scale old, rusted piping.
Using Industrial Automation to Revitalize Infrastructure
“We rely so heavily on so many of these industrial assets and a lot of them are getting really old,” said Bryner, Director of Engineering at Gecko Robotics. “You see it with bridges and roadways. But buildings, power plants, pipelines, and more need a lot of infrastructure inspections, too.”
Exel Computer Systems plc was established in 1985, and today, the company is a leading force in providing comprehensive, AI-enabled solutions for manufacturing companies and field service providers. Exel serves an increasingly diverse customer base, which includes small, medium and large size companies. With hundreds of successful implementations and thousands of users in the UK and worldwide, Exel has a proven track record of working with some of the world’s most well-known companies.
Manufacturers often struggle with generating accurate and timely quotes, delaying customer responses and risking profitability. Traditional quoting processes can take days or even weeks, while customers expect responses within 24 hours. Micro Estimating Systems addresses these challenges with advanced software that allows users to generate highly accurate quotes in minutes. By integrating with shop-specific data and automating feature recognition, their solutions ensure precision and speed, empowering manufacturers to make informed decisions and enhance their operational efficiency.