Connect with us

Sci-Tech

Laton Ventures launches $35M global gaming venture capital fund

Published

on



Laton Ventures, a new gaming venture capital fund, is launching today with $35 million in money to invest in game companies.

The creation of this Turkiye-based fund during the current weak state of the gaming industry may be a comfort those who are worried about all the layoffs in the industry. This shows that at least one group of investors and their limited partners are confident about gaming’s future.

The firm promises to keep a keen eye on the evolving landscape of gaming and interactive entertainment, and to focus on Turkey’s rising status as a global hub in these dynamic industries.

Laton Ventures wants to become the vital link connecting Turkish and global gaming ecosystems by investing not only in Turkey but also globally, said founding partner Görkem Türk, in an interview with GamesBeat.

GB Event

GamesBeat Summit Call for Speakers

We’re thrilled to open our call for speakers to our flagship event, GamesBeat Summit 2024 hosted in Los Angeles, where we will explore the theme of “Resilience and Adaption”.


Apply to speak here

“We’re going to be quite agnostic toward the content category. We will invest in mobile, PC and console. Our background is coming from mobile. So we will always acknowledge that. We will be investing in everything, but probably we will lean towards mobile content much more. We will also be investing in non -content as well like infrastructure and tech around gaming.”

Laton Ventures places a strong emphasis on providing operational advisory to its portfolio companies in fields like user acquisition, game design, development and analytics. In addition to the fund team who has hands-on experience in these fields, the fund will also leverage its industry-veteran advisor team and extensive network in supporting portfolio companies.

Laton’s strategy is to be a daily ally for its portfolio founders. This approach does not only reduce execution risks, but also enables Laton to have the status of a partner-of-choice among founders as well as fellow investors. Laton has already seen its unique model facilitate access to highly competitive deals.

With a focus on pre-seed and seed stages, the fund will seek out startups of industry-leading talent with an unparalleled vision, robust execution capabilities and hunger for success that have the potential to scale into massive companies. In its investment strategy, Laton will be agnostic towards different gaming platforms as well as content and services, although acknowledging the fund team’s strong background in mobile gaming.

“Laton is experiencing a very robust deal flow, demonstrating the effectiveness of our unique operational advisory model as well as the positioning as a bridge between the Turkish and global gaming ecosystems,” Türk said.

The founders of Laton Ventures
The founders of Laton Ventures

The fund has already invested in five companies in the past six months: two in Turkey, two in Europe and one in the U.S. Notably, the most of these deals were highly competitive where even globally leading funds did not manage to secure allocations. This success in securing allocations in sought-after deals and co-investing alongside some of the best funds of the world is a testament to Laton’s approach and reputation.

Laton brought together highflyers of the gaming industry with proven track records as well as seasoned investors. The fund is founded and led by Görkem Türk, the former gaming and startups industry manager at Google. His expertise in partnering gaming founders and extensive industry network are pivotal to Laton’s mission.

Accompanying Görkem, Laton has a strong investment team that brings a diverse experience from companies such as Peak Games and Boston Consulting Group. Laton is backed by over 20 prominent figures in gaming and technology industries including Mehmet Ecevit, Co-Founder of Gram Games; Mert Gür, Founder of Loop Games; Mert Can Kurum, Founder of Ruby Games; Fırat İleri, Managing Partner of Hummingbird Ventures; Nevzat Aydın, Founder of Yemeksepeti and Eric Kress, Founder of Gossamer.

While some of these names support Laton’s portfolio companies as advisors, some solely position as investors in the fund.

Supercell, creator of games like Clash of Clans and Clash Royale, has also invested in Laton Ventures.

In addition, the fund has secured investment from major financial institutions including 100th Year venture capital arm of İşBank (Turkey’s largest private bank).

Türk said, “As the brightest talent continues to flock to the gaming industry and with the player numbers globally reaching an all-time high, we stand at the beginning of a new era for entertainment experiences. As Laton, we are on a mission to support the best teams looking to tap this exciting opportunity ahead with innovative approaches and unparalleled execution.”

The firm has four full-time people, and Türk is the sole partner, as founding partner.

Origins

Asked about the inspiration to start the fund, Türk said that there is a great deal of talent available in the game industry, not only in Turkiye, but also everywhere else.

“The second inspiration point, personally is that I have been working with gaming founders for the past five years, teaming with more than 50 gaming founders. I love the personality and mindset, just witnessing and partnering, creating great companies from baby startups. I love experiencing that journey alongside these people. So that’s the personal inspiration.”

On top of that, he said the number of players is marching toward new all-time highs, which more than 2.5 billion people playing games in the world.

“I love seeing it become a global single community,” he said.

He said that the deals done so far reflect how the company will be watching Turkiye as well as other regions around the world.

Türk worked at Google in Turkiye for 6.5 years. He left in October and started working on the fund.

As for the timing, he said, “I’m super excited to say because of multiple reasons. So far there isn’t any Turkiye-based firm that acts like a bridge between the Turkish gaming ecosystem and the international gaming ecosystem. It’s been waiting for this for a long time to keep such a vibrant ecosystem moving.”

He also said that these are challenging times for startups in games, and they need guidance on strategies for user acquisition, game design, and so on.

“This is where gaming studios need support the most,” he said.

And he said he is optimistic about the future of the industry because there are so many clear opportunities in gaming.

Given the downturn, Türk believes that valuations for startups are in a much more healthy place now, compared to a period when they were over-valued in the past.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Sci-Tech

Silicon Valley shaken as open-source AI models Llama 3.1 and Mistral Large 2 match industry leaders

Published

on


Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More


Open-source artificial intelligence has reached a watershed moment, challenging the long-held dominance of proprietary systems and promising to reshape the AI landscape.

This week, two significant developments have propelled open-source AI models to the forefront of technological capability, potentially democratizing access to cutting-edge AI tools.

On Tuesday, Mark Zuckerberg, chief executive of Meta, unveiled Llama 3.1, declaring it had achieved “frontier-level” status.

This bold claim suggests that Meta’s freely available AI now rivals the most advanced systems from industry leaders like OpenAI, Google, and Anthropic.

Just a day later, Mistral, an emerging French AI lab, released Mistral Large 2, a model that reportedly matches or surpasses existing top-tier systems, particularly in multilingual applications.

These back-to-back releases mark a pivotal shift in the AI world. For years, tech giants have jealously guarded their most powerful AI models, citing concerns over safety, potential misuse, and competitive advantage.

This week’s developments have shattered that paradigm, igniting debates about equity, innovation, and the ethical implications of democratizing such transformative technology.

Industry experts are hailing this week’s developments as a potential turning point in AI history, comparable to pivotal moments that have sparked technological revolutions in the past.

The sudden availability of frontier-level open-source models is expected to dramatically accelerate AI development globally, potentially reshaping entire industries and altering the balance of power in the tech world.

This rapid democratization of cutting-edge AI capabilities could usher in a new era of innovation and competition, with far-reaching consequences for businesses, researchers, and society at large.

Open-source challengers shake up the AI status quo

The implications of this week’s announcements are far-reaching. Smaller companies and individual developers can now access sophisticated AI capabilities without the hefty price tags or vendor lock-in associated with proprietary systems. This democratization could fuel an unprecedented wave of innovation, as diverse minds from around the globe contribute to and build upon these powerful tools.

However, the widespread availability of advanced AI also raises new challenges. Organizations must now grapple with how to differentiate themselves in a world where cutting-edge AI capabilities are becoming commoditized. The onus falls on business leaders and technical decision-makers to rapidly develop strategies that leverage these open technologies while adding unique value.

The geopolitical ramifications of this shift are equally significant. As AI becomes increasingly central to national competitiveness, the proliferation of open-source models could alter the global balance of power in technology. Countries and regions that effectively harness these openly available resources may gain significant advantages in AI development and application.

A double-edged sword: The thrilling and terrifying dawn of AI for all

Despite the excitement, skeptics urge caution in accepting claims of parity with top proprietary models at face value.

The AI field is known for its rapid advancements and shifting benchmarks, making “frontier-level” a moving target. Moreover, raw model capability is just one factor in AI system effectiveness; data quality, fine-tuning, and application-specific optimizations play crucial roles in real-world performance.

The abrupt open-sourcing of frontier-level AI also intensifies ongoing debates about AI safety and ethics. While transparency can aid in identifying and addressing biases or vulnerabilities, it may also lower barriers for malicious actors seeking to exploit these powerful tools. The AI community now faces the urgent challenge of striking a delicate balance between openness and responsible development.

For policymakers, this week’s developments underscore the critical need for adaptive regulatory frameworks that can keep pace with technological advancements while ensuring public safety and ethical use of AI. The tech industry may need to rapidly reevaluate business models and competitive strategies in a landscape where cutting-edge AI capabilities have suddenly become widely accessible.

Navigating the new frontier: Collaboration, ethics, and the future of AI

As the dust settles on this landmark week, the true impact of these milestones will be determined by how effectively the global community harnesses the potential of open-source AI while mitigating its risks.

The sudden democratization of frontier-level AI has the potential to accelerate innovation, reshape industries, and fundamentally alter our relationship with artificial intelligence.

In this new era, collaboration and ethical considerations will be paramount. The open-source AI revolution promises to unlock unprecedented possibilities, but it also demands a heightened sense of responsibility from developers, businesses, and society as a whole.

As we navigate this transformative period, one thing is clear: the future of AI is becoming more open, more accessible, and more participatory than ever before, and the pace of change is accelerating rapidly.



Source link
Continue Reading

Sci-Tech

ISPs are fighting to raise the price of low-income broadband

Published

on


A new government program is trying to encourage Internet service providers (ISPs) to offer lower rates for lower income customers by distributing federal funds through states. The only problem is the ISPs don’t want to offer the proposed rates.

 obtained a letter sent to US Commerce Secretary Gina Raimondo signed by more than 30 broadband industry trade groups like ACA Connects and the Fiber Broadband Association as well as several state based organizations. The letter raises “both a sense of alarm and urgency” about their ability to participate in the Broadband Equity, Access and Deployment (BEAD) program. The newly formed BEAD program provides over $42 billion in federal funds to “expand high-speed internet access by funding planning, infrastructure, deployment and adoption programs” in states across the country, according to the (NTIA).

The money first goes to the NTIA and then it’s distributed to states after they obtain approval from the NTIA by presenting a low-cost broadband Internet option. The ISP industries’ letter claims a fixed rate of $30 per month for high speed Internet access is “completely unmoored from the economic realities of deploying and operating networks in the highest-cost, hardest-to-reach areas.”

The letter urges the NTIA to revise the low-cost service option rate proposed or approved so far. have completed all of the BEAD program’s phases.

Americans pay an average of $89 a month for Internet access. New Jersey has the highest average bill at $126 per month, according to a survey conducted by . A 2021 study from the found that 57 percent of households with an annual salary of $30,000 or less have a broadband connection.



Source link

Continue Reading

Sci-Tech

These transparent earbuds by Nothing made my AirPods look and sound boring

Published

on


A hand holding the Nothing Ear (a) earbuds

Nina Raemont/ZDNET

ZDNET’s key takeaways 

  • For $99, the new Nothing Ear (a) earbuds offer clear sound and a thoughtful design. 
  • Their affordability, comfort, and long battery life make them a great option for budget-conscious shoppers.
  • Unfortunately, its middling noise-canceling tech doesn’t protect you from external noises. 

Most of the audio tech on the market right now errs on the side of aesthetic caution. I’ve tested plenty of earbuds this year, and something I’ve noticed is that many manufacturers sacrifice style for functionality, opting for blacks, grays, and enough matte finishes to fit inside a therapist’s office — much to my chagrin. In the words of the late, great Andre Leon Talley, “it’s a famine of beauty” over here.  

Also: Why I ditched my AirPods Pro for Nothing’s new transparent earbuds (and don’t regret it)

So when Nothing sent me its new earbuds, I was excited to finally see a cool, fresh, and exciting design, and they’re worthy of a callout. I’ve been testing the new Nothing Ear (a) earbuds since launch, taking them on a ten-mile run, working deskside, and commuting on the subway with them in my ears. One question that informed my initial testing was: Despite their stylish design, how does the audio tech stack up to similarly-priced competitors?

View at Amazon

The Nothing Ear (a) advances on the specs from the brand’s Ear (1) earbuds from 2021. The new buds offer plenty of upgrades like improved active noise cancellation, transparency mode, longer battery life, Bluetooth multipoint, minimized latency for gaming, and pinch controls.

Also: The best earbuds of 2024: Expert tested and reviewed

Nothing plays with solid color and transparent accents and puts the two at the forefront of its product design. You can’t help but obsess over the brand’s unique visual appeal: a stripped-down design that reveals the inner workings of the technology cast against bold colors. The clear design of both the earbud case and the earbuds itself offers users an inside look into the tech’s internal components and an appreciation for what is often obscured. 

Nothing Ear (a) on a table

Nina Raemont/ZDNET

The earbuds come with three ear tip sizes in the box and are available in three colors: black, white, and yellow. I tried these buds in yellow, which is the first non-neutral color in Nothing’s earbud lineup. The color feels daring and bright and is just as much a fashion accessory as it is a tech accessory. 

Other competitive earbuds can’t say the same: I looked at my list of best earbuds to see if there was any color diversity and found that every top earbuds I’ve included are either black, a muted white, or white, from Sony’s WF-1000XM5 and JBL’s Tour Pro 2, to Bose’s QuietComfort Ultra and Apple’s AirPods Pro. These earbuds, on the other hand, are like the AirPods Pro’s funkier younger sister who went to art school, buys gifts for friends through the MOMA Store, and can explain the difference between white and orange wine to you. 

The case is lightweight and compact, so it won’t be obstructive or heavy in your pocket. The earbuds themselves are comfortable and easy to wear, with an extra tactile ear tip that keeps the buds attached to your ear canal as you move around. Nothing also equipped these buds with Bluetooth multipoint and in-ear detection when you wear these, two nice touches that inexpensive earbuds occasionally lack. 

Also: The best earbuds I’ve ever listened to are not by Bose or Sony

I ran for five hours and worked and commuted with these earbuds for a week straight and still have a battery life of 80%. Needless to say, these earbuds won’t die easily on you. 

Nothing Ear (a) held up to a mirror

Nina Raemont/ZDNET

One of my favorite design choices with the Ear (a) is that the controls are dictated by pinches instead of taps and swipes, similar to the AirPods Pro 2. Most earbuds that I’ve tested with the same form factor have touch controls on the top of the ear stem where the bud meets the stem. I always run with earbuds in, and when my ears get too sweaty, and my earbuds begin to slip out, I accidentally touch and activate the touch controls when I’m attempting to press the bud back into my ears.

Also: The best earbuds under $100

Nothing eliminated this problem for me, as the touch controls are at the bottom of the stem, far away from accidental touches. Despite needing a pinch to activate the controls, they are reliable and responsive. The pinch controls allow you to play and pause music, skip tracks, and toggle between ANC and transparency mode.

Speaking of ANC, this feature is where the Ear (a) buds begin to show their affordable price. I turned on the ANC while I worked in the office, and I could still hear my colleagues’ computer notification pings and conversations around me. For $109, I wasn’t expecting mind-blowing ANC, and that’s certainly not what I got. The earbuds will drown out some noise, but you’ll have to pay a higher price for premium ANC.

Review: Nothing Ear Stick: Earbuds, but make it fashion

When it comes to the actual audio quality, however, these earbuds produce a balanced, clear, and bright sound. While listening to Moses Sumney and Shabaka’s Insecurities, the harp and flute whistles in the upper midrange shimmered in my ears without being too harsh. Bass-heavy songs can get an extra boost by tweaking the Bass Enhance algorithm in the Nothing app. While listening to Kaytranada’s What You Need, I toggled between the five levels of bass enhancement to boost the lower frequencies. This feature created a noticeably different sound with deeper, richer bass. 

ZDNET’s buying advice 

The Nothing Ear (a) are best for people who want a relatively affordable pair of earbuds with thoughtful functions and a unique design.

If you want earbuds with more effective noise-canceling for a similar price, consider the JLab JBuds ANC 3 for their strong noise-canceling and snug fit. If you like Nothing’s unique and charming design choices but want better sound, more effective ANC, and more premium features, try the Nothing Ear.





Source link

Continue Reading
Advertisement

Trending

Copyright © 2024 World Daily Info. Powered by Columba Ventures Co. Ltd.