The Business And Technology Network

However, it seems to me that in the flow of events, the safety of fleets in logistics and transportation organizations is critical. The world has changed by introducing advanced AI-based fleet safety tools that can predict and even prevent many accidents as well as enhance driver performance and streamline the overall fleet management process. These encompass AI dash cams, fleet management solutions, real-time tracking devices, predictive damage assessment systems, and prognostics and health management systems to name but a few, and are making it possible for fleets to operate optimally in a safer way than would be possible some few years ago.

The role of AI in fleet safety

Real-time data and insights are unique qualities that can only be provided by AI, making it an utterly valuable addition to fleet safety tools. Unlike the earlier methods used for safety which implemented measures that were more defensive and used after an incident had taken place, the AI solutions are strategic in that they proclaim dangers and prevent them from happening.

AI-powered fleet safety tools typically include:

• AI dash cams: Detection and warning signals for several distracted/unsafe behavior patterns on the road at that specific time.
• Driver monitoring systems: Check the fatigue and focus of drivers with the help of biosignals.
• Predictive maintenance tools: To stop unnoticed mechanical problems with vehicles leading to a breakdown or an accident from occurring.
• Fleet management platforms: Offer centralized dashboards for safety data and reporting.

All these technologies intersect to improve driver responsibility, raise the accident prism, and decrease operational costs.

Key features of AI-powered fleet safety tools
1. Real-time driver alerts

Among the key characteristics of AI fleet safety tools is the real-time observation of the drivers’ behavior and notifications. For example, AI dash cams can detect:

• Distraction while driving mainly involves using a phone or focusing on something other than the road.
• Sleveness is determined by face or head movement.
• Conducts involving high risks, such as excessive speed or sudden turns, and corners.

Whenever these behaviors are exhibited, the system gives immediate feedback to enable the driver to change his/her actions and prevent equal occurrences.

2. Data-driven insights

Fleet safety technologies powered by AI gather information to provide managers with tips they can use when enhancing existing safety measures. These tools provide:

• Daily, weekly, and monthly specific trip-based analysis of drivers.
• Characteristics of risky driving behaviors.
• Recommendations on training That Should Be Made Exact.

Fleet operators can then use these findings to develop safe and productive solutions to their management systems.

3. Predictive maintenance

The application of AI is in driving safety and in-vehicle health. Predictive maintenance tools analyze data from sensors to detect signs of wear and tear, such as:

• Tire pressure irregularities.
• Engine overheating.
• Brake system issues.

If these problems are dealt with before they occur, fleets can handle the factors that lead to decreased time and expenses on repair, as well as accidents resulting from mechanical problems.

4. Gamification and driver engagement

A significant number of the AI-based solutions utilized in the management of fleets are equipped with elements of gamification to prevent accidents. Other drivers get points for passing their test and are encouraged to be extra careful on the roads. This creates a culture of accountability and in the process influences drivers to change their behavior and practice safer styles.

Benefits of AI-powered fleet safety tools
1. Accident prevention

AI tools are used for risk assessment before such occurrence of a mishap. In this way, they can prevent dangerous actions in the act, thus lowering one’s risk of an accident, for the safety of the driver, passengers, and everybody on the roads.

2. Lower insurance costs

Fleets that install AI-enabled safety devices get discount offers from most insurance providers. This means that by incorporating AI systems to analyze and minimize accident rates, the premium is favorable to be negotiated.

3. Enhanced operational efficiency

Driver safety, predictive maintenance, and centralized data management are some of the ways AI makes fleet operation easy. The end value, therefore, is a fleet that operates competently, costs less and has fewer risky scenarios than one that has not been adequately managed.

4. Improved driver retention

AI assistive tools are helpful to drivers because they give non-threatening advice which helps decrease the driver’s stress levels by eliminating problems. This proves to enhance high job satisfaction hence better driver-employee retention in the organization.

Real-world applications
Case study 1: Reducing distracted driving

A logistics company fitted their cars with AI dash cams to help avoid distracted driving. In the next three months, the system analyzed usual distractions including reaching for a phone, and produced in-cabin messages. This proactive approach helped get a reduction of unsafe driving incidences by 40%.

Case study 2: Proactive maintenance saves time and costs

A delivery fleet had adopted some form of a predictive maintenance system to keep track of the engine. With the aid of AI sensors, the company attended to emerging problems, and overall, minimized vehicle faults by a quarter.

The future of AI in fleet safety

As AI technology evolves, fleet safety tools will become even more advanced. Future developments may include:

• Integration with autonomous driving systems for enhanced safety in semi-autonomous vehicles.
• Advanced risk modeling to predict accidents based on environmental data.
• Enhanced driver wellness features, such as stress monitoring and health tracking.

These advancements will continue to set new standards for fleet safety, enabling companies to protect their drivers and assets while staying ahead in a competitive industry.

The future is AI-powered

Fleet safety solutions that are powered by AI are rapidly changing how companies operate their fleets. Apart from offering accurate and timely tracking of accidents, the technologies provide real-time monitoring, analysis of both efficiency and effectiveness and prediction of driver satisfaction.

Competing and cutting risks on the road are vital for fleets today; using AI technologies, therefore, becomes imperative. Implement AI on your fleets today for a safer and smarter tomorrow.

Featured image credit: Chuttersnap/Unsplash

Privacy remains one of the key challenges for blockchain-based identity systems, particularly as users are increasingly demanding control over how, when, and with whom they share their personal data.

Although a great many solutions have been engineered to address such demand, many still require users to surrender sensitive information to centralized entities – or expose more personal data than is strictly necessary. Neither is true of Holonym, a privacy-preserving project that leverages advanced cryptographic techniques to enable safe identity verification.

Through its unique protocol architecture, Holonym aims to strike a delicate balance between proving personhood and protecting personal information, potentially setting a new standard for digital identity in the web3 era.

A fresh approach to digital identity

Incidentally, Holonym is not the only privacy-centric web3 project promising to succeed where predecessors have failed. In fact, there is a veritable digital identity arms race ongoing. Holonym’s main competition is probably Worldcoin (recently rebranded to World) which compels users to scan their eyeballs to create their very own digital ID.

Both projects take multi-faceted approaches to digital identity. In the case of Holonym, it has developed privacy-first infrastructure built around three core protocols: Mishti Network for key derivation, Zeronym for privacy-preserving ID verification, and Silk, a human-friendly web3 wallet that can be embedded in any decentralized application (dApp).

World, meanwhile, offers World ID, a proof of humanity and ‘digital passport’ for the internet, the World App, and its own Ethereum Layer-2 blockchain, World Chain.

Naturally, identity is central to the vision of each enterprise. Holonym’s Human Keys generates secure, high-entropy keys based on various human-friendly data points such as biometrics, security questions, passwords, and unique personal knowledge. Thus, users can easily obtain a tamper-proof verification of their identity and complete onboarding (use the ID to prove they are who they say they are) without actually revealing their identity.

This versatility stands in stark contrast to World’s more rigid approach of requiring iris scans for identity verification, with sign-ups from certain countries receiving WLD tokens in turn. Indeed, World has faced criticism over its collection and storage of biometric data, with some privacy campaigners drawing comparisons to controversial Silicon Valley data practices. Others remain suspicious owing to the dystopic connotations of its 5G-enabled iris-scanning Orb.

Holonym’s vision for digital identity solutions has gained plenty of traction of late, evidenced by its $5.5 million funding raise to advance global digital personhood. Moreover, the launch of its Holonym Ambassador Program demonstrates the project’s commitment to community engagement and education around digital privacy as a ‘digital right’.

The practical impact of Holonym is already visible through integrations like Hinkal, an institutional-grade protocol for confidential on-chain transactions which has incorporated Zeronym for identity verification. Holonym’s reduction of issuer fees for ID verification with Zero-Knowledge Proofs (ZKPs) has also made privacy-focused identity solutions more accessible to a wider audience.

Privacy is a right, not a privilege

According to the AuthenticID State of Identity Fraud Report 2024, cybercrimes including identity fraud could cost the world about $9.5 trillion annually by the end of 2024.

While privacy should effectively be treated as a right, the open-borders nature of the internet means that many of us live our lives as open books: our digital footprints are writ large and security is an afterthought.

Holonym’s three-protocol approach creates a comprehensive framework to tackle this problem: the Mishti Network secures data custody via strong identity proofs and minimal-trust authentication; Zeronym enables private credential issuance and verification; and Silk rounds out the suite by offering a user-friendly interface to simplify the adoption of these privacy-preserving technologies.

In short, Holonym cuts centralized intermediaries and ‘trusted custodians’ out of the picture: your data and private keys are never sitting on a centralized server, vulnerable to theft or misuse.

Future of decentralized identitiy

The future of decentralized identity lies in solutions that can balance security, usability, and privacy. The success of both Holonym and World to this point proves that public appetite for such solutions is strong.

With AI-powered cyber threats ramping up, the ability to verify one’s identity while maintaining privacy shouldn’t be taken for granted. Let’s all pray that the good guys stay one step ahead of the bad.

Featured image credit: Sajad Nori/Unsplash

On Dec. 6, US President-elect Donald Trump announced on Truth Social that David Sacks has been named the “White House AI and Crypto Czar. ”

In his new role, Sacks will lead efforts to establish a legal framework for crypto regulation and chair the Presidential Council of Advisors for Science and Technology. Essentially, the appointment positions him at the helm of crafting policies to secure America’s leadership in artificial intelligence and crypto.

Trump added:

“David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.”

Sacks’ extensive background and industry insights are expected to drive his contributions to shaping policies in these critical sectors.

Sacks, a former PayPal COO and now a prominent venture capitalist, has been a vocal advocate for technological innovation. Earlier this year, he became a key Trump ally and hosted a high-profile fundraiser that reportedly brought in $12 million for the then-Republican candidate’s campaign.

Meanwhile, his appointment aligns with Trump’s vision to modernize the nation’s digital and technological policies. Over the past month, the President-elect has made several pro-crypto appointments, including nominating crypto advocate Paul Atkins to lead the Securities and Exchange Commission.

Crypto industry reacts

The crypto community has largely welcomed Sacks’ new position, seeing it as a step toward clarity and innovation in regulation.

Cardano founder Charles Hoskinson congratulated Sacks and described him as well-suited to the task. Hoskinson highlighted Sacks’ background as essential for addressing regulatory challenges and developing forward-thinking policies.

Ripple CEO Brad Garlinghouse also expressed optimism, pointing to Sacks’ deep technological understanding as a strength for advancing innovation in both AI and blockchain.

Emilie Choi, Coinbase’s president, praised the decision, emphasizing Sacks’ early involvement in crypto and his nuanced understanding of the space.

Similarly, former CFTC Chairman Chris Giancarlo commended Sacks for his experience and commitment to free market principles, describing him as the ideal candidate to help America lead in digital technology.

However, like many of Trump’s potential appointees, Sacks is a polarizing figure. Silicon Valley tech leaders have referred to him as the “most evil person in Silicon Valley” due to the controversy surrounding HR company Zenefits.

The post Donald Trump appoints David Sacks to lead AI and crypto policy in new administration appeared first on CryptoSlate.

The Galaxy S25 will see some notable hardware changes, but Galaxy AI should highlight the phone’s launch next month. But what can we expect to see in terms of new AI features?

Android’s latest update brings a series of enhancements for Pixel devices, including the introduction of Expressive Captions, AI improvements in the Lookout app, and new Gemini Assistant functionalities. The rollout commenced on December 5, 2024, impacting Pixel phones, Pixel Tablets, and Pixel Watches. Most notable enhancements cater to Pixel 9 users while older Pixel models also receive some key updates.

Android’s December update introduces new features for Pixel devices

The December Feature Drop introduces significant features for Pixel 9 devices. Contextual reply suggestions for Call Screen utilize Gemini Nano to deliver tailored responses during incoming calls. Users can now select appropriate responses as the caller speaks, enhancing the screening experience. Furthermore, Clear Voice Mode is now available in the Pixel Recorder app, allowing the application to isolate spoken voices while minimizing background noise, improving audio clarity.

Older Pixel phones are getting a surprising new upgrade

In addition to the Call Screen and Recorder updates, the Pixel 9’s Screenshots app benefits from several enhancements. Users can save highlighted segments from Circle to Search directly in their Screenshots, creating a visual search history. Gboard now provides text suggestions based on saved content in Screenshots, streamlining searches across apps. For Instagram users, the update enables the capture of Ultra HDR photos directly within the app—another exclusive feature for Pixel 9 devices.

Android’s update focuses heavily on accessibility features. The introduction of Expressive Captions allows users to see descriptive phrases alongside video captions, providing context for non-spoken audio cues like [gasp] or [applause]. This upgrade applies throughout the system and social media platforms.

The Lookout app, developed for users with low vision, receives a boost from the Gemini 1.5 model, enhancing its capabilities with better photo descriptions. These advancements continue Google’s effort to improve accessibility through AI, as showcased during their I/O event earlier in the year.

Additionally, Pixel devices will gain a new Simple View option to increase font size and touch sensitivity, catering to users with limited dexterity or vision. The Identity Check feature will also roll out, requiring additional authentication when device settings are accessed in unfamiliar locations.

Older Pixel phones are getting a surprising new upgrade

The Pixel Watch and Pixel Tablet also benefit from this update. Pixel Watch users will see the Cardio Load feature, previously limited to the Pixel Watch 3, extended to earlier models and various Fitbit devices. Google is also expanding live streaming capabilities from Nest cameras, now available on the Pixel Watch 2.

For the Pixel Tablet, the long-anticipated lock screen widgets make their debut, allowing users to access certain functionalities directly from the lock screen, a feature previously tested in the Android 15 QPR beta. Users can also experience the VPN service on their Tablets, which has been active since last month.

Image and video credits: Google 

Google’s DeepMind AI is now more accurate than leading weather systems when it comes to forecasts.

Google has extended software update support for the Pixel 6, Pixel 7, and Pixel Fold by an additional two years, allowing for five years of Android OS and security updates.

Google extends update support for Pixel 6, 7, and Fold

According to a silent update on its support page, devices including the Pixel Fold will receive updates for five years, starting from when they became available on the Google Store in the U.S. This change retroactively extends support for older models that were previously limited to three years of OS updates. Google first announced longer support for its newer Pixel models with the release of the Pixel 8 and Pixel 9 series, which already have a seven-year commitment covering security and major OS upgrades.

The Pixel 6, released in 2021, will now receive updates until 2026, while the Pixel 7 and Pixel Fold, both launched in 2023, are set to receive updates through 2028. Previously, older Pixel devices were at a disadvantage, receiving only a few years of updates compared to newer releases.

Pixel Watch users will love this new Google update

Google’s upgrade commitment also ties into the upcoming Android 16 Developer Preview. Traditionally, Google has rolled out the first developer beta around February, but for Android 16, it has advanced this schedule, with the first beta released in mid-November. Although specifics on the final rollout remain unclear, the new timeline indicates a possibility of an earlier release, potentially arriving before the end of Q2 in 2025.

The decision to extend support is likely to be well received by users of the Pixel 6, Pixel 7, and Pixel Fold, as it allows them to hold onto their devices longer without the need for replacements. In the past, many Android users faced challenges with devices that became outdated quickly due to limited software updates. However, with this latest announcement, Google is actively changing that narrative.

In a broader context, the Android ecosystem has seen brands like Google and Samsung committing to extended update policies. While Pixel 8 and Pixel 9 models benefited from seven years of updates, older models now enjoy the enhanced five-year support as well.

This feature might make you buy a Galaxy S25

The Pixel Tablet will not receive similar updates; the extension applies exclusively to the Pixel 6, Pixel 7, and Pixel Fold. As Google raises the bar for device support, it signals a shift in expectations within the mobile technology landscape. Consumers now have an increased incentive to invest in Pixel devices, knowing they will be supported longer than before.

As the Android 16 Developer Preview continues to evolve, many users are eager to see how the new features and improvements will integrate into their existing devices. Engaging with the beta version allows enthusiasts to experience upcoming changes early, though the full ramifications of these updates will only become clear once the final version rolls out.

Featured image credit: Samuel Angor/Unsplash

Indiana Jones and the Great Circle excels at being a legendary adventure full of nostalgia, and I can’t get enough of it.

However, it seems to me that in the flow of events, the safety of fleets in logistics and transportation organizations is critical. The world has changed by introducing advanced AI-based fleet safety tools that can predict and even prevent many accidents as well as enhance driver performance and streamline the overall fleet management process. These encompass AI dash cams, fleet management solutions, real-time tracking devices, predictive damage assessment systems, and prognostics and health management systems to name but a few, and are making it possible for fleets to operate optimally in a safer way than would be possible some few years ago.

The role of AI in fleet safety

Real-time data and insights are unique qualities that can only be provided by AI, making it an utterly valuable addition to fleet safety tools. Unlike the earlier methods used for safety which implemented measures that were more defensive and used after an incident had taken place, the AI solutions are strategic in that they proclaim dangers and prevent them from happening.

AI-powered fleet safety tools typically include:

• AI dash cams: Detection and warning signals for several distracted/unsafe behavior patterns on the road at that specific time.
• Driver monitoring systems: Check the fatigue and focus of drivers with the help of biosignals.
• Predictive maintenance tools: To stop unnoticed mechanical problems with vehicles leading to a breakdown or an accident from occurring.
• Fleet management platforms: Offer centralized dashboards for safety data and reporting.

All these technologies intersect to improve driver responsibility, raise the accident prism, and decrease operational costs.

Key features of AI-powered fleet safety tools
1. Real-time driver alerts

Among the key characteristics of AI fleet safety tools is the real-time observation of the drivers’ behavior and notifications. For example, AI dash cams can detect:

• Distraction while driving mainly involves using a phone or focusing on something other than the road.
• Sleveness is determined by face or head movement.
• Conducts involving high risks, such as excessive speed or sudden turns, and corners.

Whenever these behaviors are exhibited, the system gives immediate feedback to enable the driver to change his/her actions and prevent equal occurrences.

2. Data-driven insights

Fleet safety technologies powered by AI gather information to provide managers with tips they can use when enhancing existing safety measures. These tools provide:

• Daily, weekly, and monthly specific trip-based analysis of drivers.
• Characteristics of risky driving behaviors.
• Recommendations on training That Should Be Made Exact.

Fleet operators can then use these findings to develop safe and productive solutions to their management systems.

3. Predictive maintenance

The application of AI is in driving safety and in-vehicle health. Predictive maintenance tools analyze data from sensors to detect signs of wear and tear, such as:

• Tire pressure irregularities.
• Engine overheating.
• Brake system issues.

If these problems are dealt with before they occur, fleets can handle the factors that lead to decreased time and expenses on repair, as well as accidents resulting from mechanical problems.

4. Gamification and driver engagement

A significant number of the AI-based solutions utilized in the management of fleets are equipped with elements of gamification to prevent accidents. Other drivers get points for passing their test and are encouraged to be extra careful on the roads. This creates a culture of accountability and in the process influences drivers to change their behavior and practice safer styles.

Benefits of AI-powered fleet safety tools
1. Accident prevention

AI tools are used for risk assessment before such occurrence of a mishap. In this way, they can prevent dangerous actions in the act, thus lowering one’s risk of an accident, for the safety of the driver, passengers, and everybody on the roads.

2. Lower insurance costs

Fleets that install AI-enabled safety devices get discount offers from most insurance providers. This means that by incorporating AI systems to analyze and minimize accident rates, the premium is favorable to be negotiated.

3. Enhanced operational efficiency

Driver safety, predictive maintenance, and centralized data management are some of the ways AI makes fleet operation easy. The end value, therefore, is a fleet that operates competently, costs less and has fewer risky scenarios than one that has not been adequately managed.

4. Improved driver retention

AI assistive tools are helpful to drivers because they give non-threatening advice which helps decrease the driver’s stress levels by eliminating problems. This proves to enhance high job satisfaction hence better driver-employee retention in the organization.

Real-world applications
Case study 1: Reducing distracted driving

A logistics company fitted their cars with AI dash cams to help avoid distracted driving. In the next three months, the system analyzed usual distractions including reaching for a phone, and produced in-cabin messages. This proactive approach helped get a reduction of unsafe driving incidences by 40%.

Case study 2: Proactive maintenance saves time and costs

A delivery fleet had adopted some form of a predictive maintenance system to keep track of the engine. With the aid of AI sensors, the company attended to emerging problems, and overall, minimized vehicle faults by a quarter.

The future of AI in fleet safety

As AI technology evolves, fleet safety tools will become even more advanced. Future developments may include:

• Integration with autonomous driving systems for enhanced safety in semi-autonomous vehicles.
• Advanced risk modeling to predict accidents based on environmental data.
• Enhanced driver wellness features, such as stress monitoring and health tracking.

These advancements will continue to set new standards for fleet safety, enabling companies to protect their drivers and assets while staying ahead in a competitive industry.

The future is AI-powered

Fleet safety solutions that are powered by AI are rapidly changing how companies operate their fleets. Apart from offering accurate and timely tracking of accidents, the technologies provide real-time monitoring, analysis of both efficiency and effectiveness and prediction of driver satisfaction.

Competing and cutting risks on the road are vital for fleets today; using AI technologies, therefore, becomes imperative. Implement AI on your fleets today for a safer and smarter tomorrow.

Featured image credit: Chuttersnap/Unsplash

Privacy remains one of the key challenges for blockchain-based identity systems, particularly as users are increasingly demanding control over how, when, and with whom they share their personal data.

Although a great many solutions have been engineered to address such demand, many still require users to surrender sensitive information to centralized entities – or expose more personal data than is strictly necessary. Neither is true of Holonym, a privacy-preserving project that leverages advanced cryptographic techniques to enable safe identity verification.

Through its unique protocol architecture, Holonym aims to strike a delicate balance between proving personhood and protecting personal information, potentially setting a new standard for digital identity in the web3 era.

A fresh approach to digital identity

Incidentally, Holonym is not the only privacy-centric web3 project promising to succeed where predecessors have failed. In fact, there is a veritable digital identity arms race ongoing. Holonym’s main competition is probably Worldcoin (recently rebranded to World) which compels users to scan their eyeballs to create their very own digital ID.

Both projects take multi-faceted approaches to digital identity. In the case of Holonym, it has developed privacy-first infrastructure built around three core protocols: Mishti Network for key derivation, Zeronym for privacy-preserving ID verification, and Silk, a human-friendly web3 wallet that can be embedded in any decentralized application (dApp).

World, meanwhile, offers World ID, a proof of humanity and ‘digital passport’ for the internet, the World App, and its own Ethereum Layer-2 blockchain, World Chain.

Naturally, identity is central to the vision of each enterprise. Holonym’s Human Keys generates secure, high-entropy keys based on various human-friendly data points such as biometrics, security questions, passwords, and unique personal knowledge. Thus, users can easily obtain a tamper-proof verification of their identity and complete onboarding (use the ID to prove they are who they say they are) without actually revealing their identity.

This versatility stands in stark contrast to World’s more rigid approach of requiring iris scans for identity verification, with sign-ups from certain countries receiving WLD tokens in turn. Indeed, World has faced criticism over its collection and storage of biometric data, with some privacy campaigners drawing comparisons to controversial Silicon Valley data practices. Others remain suspicious owing to the dystopic connotations of its 5G-enabled iris-scanning Orb.

Holonym’s vision for digital identity solutions has gained plenty of traction of late, evidenced by its $5.5 million funding raise to advance global digital personhood. Moreover, the launch of its Holonym Ambassador Program demonstrates the project’s commitment to community engagement and education around digital privacy as a ‘digital right’.

The practical impact of Holonym is already visible through integrations like Hinkal, an institutional-grade protocol for confidential on-chain transactions which has incorporated Zeronym for identity verification. Holonym’s reduction of issuer fees for ID verification with Zero-Knowledge Proofs (ZKPs) has also made privacy-focused identity solutions more accessible to a wider audience.

Privacy is a right, not a privilege

According to the AuthenticID State of Identity Fraud Report 2024, cybercrimes including identity fraud could cost the world about $9.5 trillion annually by the end of 2024.

While privacy should effectively be treated as a right, the open-borders nature of the internet means that many of us live our lives as open books: our digital footprints are writ large and security is an afterthought.

Holonym’s three-protocol approach creates a comprehensive framework to tackle this problem: the Mishti Network secures data custody via strong identity proofs and minimal-trust authentication; Zeronym enables private credential issuance and verification; and Silk rounds out the suite by offering a user-friendly interface to simplify the adoption of these privacy-preserving technologies.

In short, Holonym cuts centralized intermediaries and ‘trusted custodians’ out of the picture: your data and private keys are never sitting on a centralized server, vulnerable to theft or misuse.

Future of decentralized identitiy

The future of decentralized identity lies in solutions that can balance security, usability, and privacy. The success of both Holonym and World to this point proves that public appetite for such solutions is strong.

With AI-powered cyber threats ramping up, the ability to verify one’s identity while maintaining privacy shouldn’t be taken for granted. Let’s all pray that the good guys stay one step ahead of the bad.

Featured image credit: Sajad Nori/Unsplash

On Dec. 6, US President-elect Donald Trump announced on Truth Social that David Sacks has been named the “White House AI and Crypto Czar. ”

In his new role, Sacks will lead efforts to establish a legal framework for crypto regulation and chair the Presidential Council of Advisors for Science and Technology. Essentially, the appointment positions him at the helm of crafting policies to secure America’s leadership in artificial intelligence and crypto.

Trump added:

“David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.”

Sacks’ extensive background and industry insights are expected to drive his contributions to shaping policies in these critical sectors.

Sacks, a former PayPal COO and now a prominent venture capitalist, has been a vocal advocate for technological innovation. Earlier this year, he became a key Trump ally and hosted a high-profile fundraiser that reportedly brought in $12 million for the then-Republican candidate’s campaign.

Meanwhile, his appointment aligns with Trump’s vision to modernize the nation’s digital and technological policies. Over the past month, the President-elect has made several pro-crypto appointments, including nominating crypto advocate Paul Atkins to lead the Securities and Exchange Commission.

Crypto industry reacts

The crypto community has largely welcomed Sacks’ new position, seeing it as a step toward clarity and innovation in regulation.

Cardano founder Charles Hoskinson congratulated Sacks and described him as well-suited to the task. Hoskinson highlighted Sacks’ background as essential for addressing regulatory challenges and developing forward-thinking policies.

Ripple CEO Brad Garlinghouse also expressed optimism, pointing to Sacks’ deep technological understanding as a strength for advancing innovation in both AI and blockchain.

Emilie Choi, Coinbase’s president, praised the decision, emphasizing Sacks’ early involvement in crypto and his nuanced understanding of the space.

Similarly, former CFTC Chairman Chris Giancarlo commended Sacks for his experience and commitment to free market principles, describing him as the ideal candidate to help America lead in digital technology.

However, like many of Trump’s potential appointees, Sacks is a polarizing figure. Silicon Valley tech leaders have referred to him as the “most evil person in Silicon Valley” due to the controversy surrounding HR company Zenefits.

The post Donald Trump appoints David Sacks to lead AI and crypto policy in new administration appeared first on CryptoSlate.

The Galaxy S25 will see some notable hardware changes, but Galaxy AI should highlight the phone’s launch next month. But what can we expect to see in terms of new AI features?

Android’s latest update brings a series of enhancements for Pixel devices, including the introduction of Expressive Captions, AI improvements in the Lookout app, and new Gemini Assistant functionalities. The rollout commenced on December 5, 2024, impacting Pixel phones, Pixel Tablets, and Pixel Watches. Most notable enhancements cater to Pixel 9 users while older Pixel models also receive some key updates.

Android’s December update introduces new features for Pixel devices

The December Feature Drop introduces significant features for Pixel 9 devices. Contextual reply suggestions for Call Screen utilize Gemini Nano to deliver tailored responses during incoming calls. Users can now select appropriate responses as the caller speaks, enhancing the screening experience. Furthermore, Clear Voice Mode is now available in the Pixel Recorder app, allowing the application to isolate spoken voices while minimizing background noise, improving audio clarity.

Older Pixel phones are getting a surprising new upgrade

In addition to the Call Screen and Recorder updates, the Pixel 9’s Screenshots app benefits from several enhancements. Users can save highlighted segments from Circle to Search directly in their Screenshots, creating a visual search history. Gboard now provides text suggestions based on saved content in Screenshots, streamlining searches across apps. For Instagram users, the update enables the capture of Ultra HDR photos directly within the app—another exclusive feature for Pixel 9 devices.

Android’s update focuses heavily on accessibility features. The introduction of Expressive Captions allows users to see descriptive phrases alongside video captions, providing context for non-spoken audio cues like [gasp] or [applause]. This upgrade applies throughout the system and social media platforms.

The Lookout app, developed for users with low vision, receives a boost from the Gemini 1.5 model, enhancing its capabilities with better photo descriptions. These advancements continue Google’s effort to improve accessibility through AI, as showcased during their I/O event earlier in the year.

Additionally, Pixel devices will gain a new Simple View option to increase font size and touch sensitivity, catering to users with limited dexterity or vision. The Identity Check feature will also roll out, requiring additional authentication when device settings are accessed in unfamiliar locations.

Older Pixel phones are getting a surprising new upgrade

The Pixel Watch and Pixel Tablet also benefit from this update. Pixel Watch users will see the Cardio Load feature, previously limited to the Pixel Watch 3, extended to earlier models and various Fitbit devices. Google is also expanding live streaming capabilities from Nest cameras, now available on the Pixel Watch 2.

For the Pixel Tablet, the long-anticipated lock screen widgets make their debut, allowing users to access certain functionalities directly from the lock screen, a feature previously tested in the Android 15 QPR beta. Users can also experience the VPN service on their Tablets, which has been active since last month.

Image and video credits: Google 

Google’s DeepMind AI is now more accurate than leading weather systems when it comes to forecasts.

Google has extended software update support for the Pixel 6, Pixel 7, and Pixel Fold by an additional two years, allowing for five years of Android OS and security updates.

Google extends update support for Pixel 6, 7, and Fold

According to a silent update on its support page, devices including the Pixel Fold will receive updates for five years, starting from when they became available on the Google Store in the U.S. This change retroactively extends support for older models that were previously limited to three years of OS updates. Google first announced longer support for its newer Pixel models with the release of the Pixel 8 and Pixel 9 series, which already have a seven-year commitment covering security and major OS upgrades.

The Pixel 6, released in 2021, will now receive updates until 2026, while the Pixel 7 and Pixel Fold, both launched in 2023, are set to receive updates through 2028. Previously, older Pixel devices were at a disadvantage, receiving only a few years of updates compared to newer releases.

Pixel Watch users will love this new Google update

Google’s upgrade commitment also ties into the upcoming Android 16 Developer Preview. Traditionally, Google has rolled out the first developer beta around February, but for Android 16, it has advanced this schedule, with the first beta released in mid-November. Although specifics on the final rollout remain unclear, the new timeline indicates a possibility of an earlier release, potentially arriving before the end of Q2 in 2025.

The decision to extend support is likely to be well received by users of the Pixel 6, Pixel 7, and Pixel Fold, as it allows them to hold onto their devices longer without the need for replacements. In the past, many Android users faced challenges with devices that became outdated quickly due to limited software updates. However, with this latest announcement, Google is actively changing that narrative.

In a broader context, the Android ecosystem has seen brands like Google and Samsung committing to extended update policies. While Pixel 8 and Pixel 9 models benefited from seven years of updates, older models now enjoy the enhanced five-year support as well.

This feature might make you buy a Galaxy S25

The Pixel Tablet will not receive similar updates; the extension applies exclusively to the Pixel 6, Pixel 7, and Pixel Fold. As Google raises the bar for device support, it signals a shift in expectations within the mobile technology landscape. Consumers now have an increased incentive to invest in Pixel devices, knowing they will be supported longer than before.

As the Android 16 Developer Preview continues to evolve, many users are eager to see how the new features and improvements will integrate into their existing devices. Engaging with the beta version allows enthusiasts to experience upcoming changes early, though the full ramifications of these updates will only become clear once the final version rolls out.

Featured image credit: Samuel Angor/Unsplash

Indiana Jones and the Great Circle excels at being a legendary adventure full of nostalgia, and I can’t get enough of it.

However, it seems to me that in the flow of events, the safety of fleets in logistics and transportation organizations is critical. The world has changed by introducing advanced AI-based fleet safety tools that can predict and even prevent many accidents as well as enhance driver performance and streamline the overall fleet management process. These encompass AI dash cams, fleet management solutions, real-time tracking devices, predictive damage assessment systems, and prognostics and health management systems to name but a few, and are making it possible for fleets to operate optimally in a safer way than would be possible some few years ago.

The role of AI in fleet safety

Real-time data and insights are unique qualities that can only be provided by AI, making it an utterly valuable addition to fleet safety tools. Unlike the earlier methods used for safety which implemented measures that were more defensive and used after an incident had taken place, the AI solutions are strategic in that they proclaim dangers and prevent them from happening.

AI-powered fleet safety tools typically include:

• AI dash cams: Detection and warning signals for several distracted/unsafe behavior patterns on the road at that specific time.
• Driver monitoring systems: Check the fatigue and focus of drivers with the help of biosignals.
• Predictive maintenance tools: To stop unnoticed mechanical problems with vehicles leading to a breakdown or an accident from occurring.
• Fleet management platforms: Offer centralized dashboards for safety data and reporting.

All these technologies intersect to improve driver responsibility, raise the accident prism, and decrease operational costs.

Key features of AI-powered fleet safety tools
1. Real-time driver alerts

Among the key characteristics of AI fleet safety tools is the real-time observation of the drivers’ behavior and notifications. For example, AI dash cams can detect:

• Distraction while driving mainly involves using a phone or focusing on something other than the road.
• Sleveness is determined by face or head movement.
• Conducts involving high risks, such as excessive speed or sudden turns, and corners.

Whenever these behaviors are exhibited, the system gives immediate feedback to enable the driver to change his/her actions and prevent equal occurrences.

2. Data-driven insights

Fleet safety technologies powered by AI gather information to provide managers with tips they can use when enhancing existing safety measures. These tools provide:

• Daily, weekly, and monthly specific trip-based analysis of drivers.
• Characteristics of risky driving behaviors.
• Recommendations on training That Should Be Made Exact.

Fleet operators can then use these findings to develop safe and productive solutions to their management systems.

3. Predictive maintenance

The application of AI is in driving safety and in-vehicle health. Predictive maintenance tools analyze data from sensors to detect signs of wear and tear, such as:

• Tire pressure irregularities.
• Engine overheating.
• Brake system issues.

If these problems are dealt with before they occur, fleets can handle the factors that lead to decreased time and expenses on repair, as well as accidents resulting from mechanical problems.

4. Gamification and driver engagement

A significant number of the AI-based solutions utilized in the management of fleets are equipped with elements of gamification to prevent accidents. Other drivers get points for passing their test and are encouraged to be extra careful on the roads. This creates a culture of accountability and in the process influences drivers to change their behavior and practice safer styles.

Benefits of AI-powered fleet safety tools
1. Accident prevention

AI tools are used for risk assessment before such occurrence of a mishap. In this way, they can prevent dangerous actions in the act, thus lowering one’s risk of an accident, for the safety of the driver, passengers, and everybody on the roads.

2. Lower insurance costs

Fleets that install AI-enabled safety devices get discount offers from most insurance providers. This means that by incorporating AI systems to analyze and minimize accident rates, the premium is favorable to be negotiated.

3. Enhanced operational efficiency

Driver safety, predictive maintenance, and centralized data management are some of the ways AI makes fleet operation easy. The end value, therefore, is a fleet that operates competently, costs less and has fewer risky scenarios than one that has not been adequately managed.

4. Improved driver retention

AI assistive tools are helpful to drivers because they give non-threatening advice which helps decrease the driver’s stress levels by eliminating problems. This proves to enhance high job satisfaction hence better driver-employee retention in the organization.

Real-world applications
Case study 1: Reducing distracted driving

A logistics company fitted their cars with AI dash cams to help avoid distracted driving. In the next three months, the system analyzed usual distractions including reaching for a phone, and produced in-cabin messages. This proactive approach helped get a reduction of unsafe driving incidences by 40%.

Case study 2: Proactive maintenance saves time and costs

A delivery fleet had adopted some form of a predictive maintenance system to keep track of the engine. With the aid of AI sensors, the company attended to emerging problems, and overall, minimized vehicle faults by a quarter.

The future of AI in fleet safety

As AI technology evolves, fleet safety tools will become even more advanced. Future developments may include:

• Integration with autonomous driving systems for enhanced safety in semi-autonomous vehicles.
• Advanced risk modeling to predict accidents based on environmental data.
• Enhanced driver wellness features, such as stress monitoring and health tracking.

These advancements will continue to set new standards for fleet safety, enabling companies to protect their drivers and assets while staying ahead in a competitive industry.

The future is AI-powered

Fleet safety solutions that are powered by AI are rapidly changing how companies operate their fleets. Apart from offering accurate and timely tracking of accidents, the technologies provide real-time monitoring, analysis of both efficiency and effectiveness and prediction of driver satisfaction.

Competing and cutting risks on the road are vital for fleets today; using AI technologies, therefore, becomes imperative. Implement AI on your fleets today for a safer and smarter tomorrow.

Featured image credit: Chuttersnap/Unsplash

Privacy remains one of the key challenges for blockchain-based identity systems, particularly as users are increasingly demanding control over how, when, and with whom they share their personal data.

Although a great many solutions have been engineered to address such demand, many still require users to surrender sensitive information to centralized entities – or expose more personal data than is strictly necessary. Neither is true of Holonym, a privacy-preserving project that leverages advanced cryptographic techniques to enable safe identity verification.

Through its unique protocol architecture, Holonym aims to strike a delicate balance between proving personhood and protecting personal information, potentially setting a new standard for digital identity in the web3 era.

A fresh approach to digital identity

Incidentally, Holonym is not the only privacy-centric web3 project promising to succeed where predecessors have failed. In fact, there is a veritable digital identity arms race ongoing. Holonym’s main competition is probably Worldcoin (recently rebranded to World) which compels users to scan their eyeballs to create their very own digital ID.

Both projects take multi-faceted approaches to digital identity. In the case of Holonym, it has developed privacy-first infrastructure built around three core protocols: Mishti Network for key derivation, Zeronym for privacy-preserving ID verification, and Silk, a human-friendly web3 wallet that can be embedded in any decentralized application (dApp).

World, meanwhile, offers World ID, a proof of humanity and ‘digital passport’ for the internet, the World App, and its own Ethereum Layer-2 blockchain, World Chain.

Naturally, identity is central to the vision of each enterprise. Holonym’s Human Keys generates secure, high-entropy keys based on various human-friendly data points such as biometrics, security questions, passwords, and unique personal knowledge. Thus, users can easily obtain a tamper-proof verification of their identity and complete onboarding (use the ID to prove they are who they say they are) without actually revealing their identity.

This versatility stands in stark contrast to World’s more rigid approach of requiring iris scans for identity verification, with sign-ups from certain countries receiving WLD tokens in turn. Indeed, World has faced criticism over its collection and storage of biometric data, with some privacy campaigners drawing comparisons to controversial Silicon Valley data practices. Others remain suspicious owing to the dystopic connotations of its 5G-enabled iris-scanning Orb.

Holonym’s vision for digital identity solutions has gained plenty of traction of late, evidenced by its $5.5 million funding raise to advance global digital personhood. Moreover, the launch of its Holonym Ambassador Program demonstrates the project’s commitment to community engagement and education around digital privacy as a ‘digital right’.

The practical impact of Holonym is already visible through integrations like Hinkal, an institutional-grade protocol for confidential on-chain transactions which has incorporated Zeronym for identity verification. Holonym’s reduction of issuer fees for ID verification with Zero-Knowledge Proofs (ZKPs) has also made privacy-focused identity solutions more accessible to a wider audience.

Privacy is a right, not a privilege

According to the AuthenticID State of Identity Fraud Report 2024, cybercrimes including identity fraud could cost the world about $9.5 trillion annually by the end of 2024.

While privacy should effectively be treated as a right, the open-borders nature of the internet means that many of us live our lives as open books: our digital footprints are writ large and security is an afterthought.

Holonym’s three-protocol approach creates a comprehensive framework to tackle this problem: the Mishti Network secures data custody via strong identity proofs and minimal-trust authentication; Zeronym enables private credential issuance and verification; and Silk rounds out the suite by offering a user-friendly interface to simplify the adoption of these privacy-preserving technologies.

In short, Holonym cuts centralized intermediaries and ‘trusted custodians’ out of the picture: your data and private keys are never sitting on a centralized server, vulnerable to theft or misuse.

Future of decentralized identitiy

The future of decentralized identity lies in solutions that can balance security, usability, and privacy. The success of both Holonym and World to this point proves that public appetite for such solutions is strong.

With AI-powered cyber threats ramping up, the ability to verify one’s identity while maintaining privacy shouldn’t be taken for granted. Let’s all pray that the good guys stay one step ahead of the bad.

Featured image credit: Sajad Nori/Unsplash

On Dec. 6, US President-elect Donald Trump announced on Truth Social that David Sacks has been named the “White House AI and Crypto Czar. ”

In his new role, Sacks will lead efforts to establish a legal framework for crypto regulation and chair the Presidential Council of Advisors for Science and Technology. Essentially, the appointment positions him at the helm of crafting policies to secure America’s leadership in artificial intelligence and crypto.

Trump added:

“David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship.”

Sacks’ extensive background and industry insights are expected to drive his contributions to shaping policies in these critical sectors.

Sacks, a former PayPal COO and now a prominent venture capitalist, has been a vocal advocate for technological innovation. Earlier this year, he became a key Trump ally and hosted a high-profile fundraiser that reportedly brought in $12 million for the then-Republican candidate’s campaign.

Meanwhile, his appointment aligns with Trump’s vision to modernize the nation’s digital and technological policies. Over the past month, the President-elect has made several pro-crypto appointments, including nominating crypto advocate Paul Atkins to lead the Securities and Exchange Commission.

Crypto industry reacts

The crypto community has largely welcomed Sacks’ new position, seeing it as a step toward clarity and innovation in regulation.

Cardano founder Charles Hoskinson congratulated Sacks and described him as well-suited to the task. Hoskinson highlighted Sacks’ background as essential for addressing regulatory challenges and developing forward-thinking policies.

Ripple CEO Brad Garlinghouse also expressed optimism, pointing to Sacks’ deep technological understanding as a strength for advancing innovation in both AI and blockchain.

Emilie Choi, Coinbase’s president, praised the decision, emphasizing Sacks’ early involvement in crypto and his nuanced understanding of the space.

Similarly, former CFTC Chairman Chris Giancarlo commended Sacks for his experience and commitment to free market principles, describing him as the ideal candidate to help America lead in digital technology.

However, like many of Trump’s potential appointees, Sacks is a polarizing figure. Silicon Valley tech leaders have referred to him as the “most evil person in Silicon Valley” due to the controversy surrounding HR company Zenefits.

The post Donald Trump appoints David Sacks to lead AI and crypto policy in new administration appeared first on CryptoSlate.

The Galaxy S25 will see some notable hardware changes, but Galaxy AI should highlight the phone’s launch next month. But what can we expect to see in terms of new AI features?

Android’s latest update brings a series of enhancements for Pixel devices, including the introduction of Expressive Captions, AI improvements in the Lookout app, and new Gemini Assistant functionalities. The rollout commenced on December 5, 2024, impacting Pixel phones, Pixel Tablets, and Pixel Watches. Most notable enhancements cater to Pixel 9 users while older Pixel models also receive some key updates.

Android’s December update introduces new features for Pixel devices

The December Feature Drop introduces significant features for Pixel 9 devices. Contextual reply suggestions for Call Screen utilize Gemini Nano to deliver tailored responses during incoming calls. Users can now select appropriate responses as the caller speaks, enhancing the screening experience. Furthermore, Clear Voice Mode is now available in the Pixel Recorder app, allowing the application to isolate spoken voices while minimizing background noise, improving audio clarity.

Older Pixel phones are getting a surprising new upgrade

In addition to the Call Screen and Recorder updates, the Pixel 9’s Screenshots app benefits from several enhancements. Users can save highlighted segments from Circle to Search directly in their Screenshots, creating a visual search history. Gboard now provides text suggestions based on saved content in Screenshots, streamlining searches across apps. For Instagram users, the update enables the capture of Ultra HDR photos directly within the app—another exclusive feature for Pixel 9 devices.

Android’s update focuses heavily on accessibility features. The introduction of Expressive Captions allows users to see descriptive phrases alongside video captions, providing context for non-spoken audio cues like [gasp] or [applause]. This upgrade applies throughout the system and social media platforms.

The Lookout app, developed for users with low vision, receives a boost from the Gemini 1.5 model, enhancing its capabilities with better photo descriptions. These advancements continue Google’s effort to improve accessibility through AI, as showcased during their I/O event earlier in the year.

Additionally, Pixel devices will gain a new Simple View option to increase font size and touch sensitivity, catering to users with limited dexterity or vision. The Identity Check feature will also roll out, requiring additional authentication when device settings are accessed in unfamiliar locations.

Older Pixel phones are getting a surprising new upgrade

The Pixel Watch and Pixel Tablet also benefit from this update. Pixel Watch users will see the Cardio Load feature, previously limited to the Pixel Watch 3, extended to earlier models and various Fitbit devices. Google is also expanding live streaming capabilities from Nest cameras, now available on the Pixel Watch 2.

For the Pixel Tablet, the long-anticipated lock screen widgets make their debut, allowing users to access certain functionalities directly from the lock screen, a feature previously tested in the Android 15 QPR beta. Users can also experience the VPN service on their Tablets, which has been active since last month.

Image and video credits: Google 

Google’s DeepMind AI is now more accurate than leading weather systems when it comes to forecasts.

Google has extended software update support for the Pixel 6, Pixel 7, and Pixel Fold by an additional two years, allowing for five years of Android OS and security updates.

Google extends update support for Pixel 6, 7, and Fold

According to a silent update on its support page, devices including the Pixel Fold will receive updates for five years, starting from when they became available on the Google Store in the U.S. This change retroactively extends support for older models that were previously limited to three years of OS updates. Google first announced longer support for its newer Pixel models with the release of the Pixel 8 and Pixel 9 series, which already have a seven-year commitment covering security and major OS upgrades.

The Pixel 6, released in 2021, will now receive updates until 2026, while the Pixel 7 and Pixel Fold, both launched in 2023, are set to receive updates through 2028. Previously, older Pixel devices were at a disadvantage, receiving only a few years of updates compared to newer releases.

Pixel Watch users will love this new Google update

Google’s upgrade commitment also ties into the upcoming Android 16 Developer Preview. Traditionally, Google has rolled out the first developer beta around February, but for Android 16, it has advanced this schedule, with the first beta released in mid-November. Although specifics on the final rollout remain unclear, the new timeline indicates a possibility of an earlier release, potentially arriving before the end of Q2 in 2025.

The decision to extend support is likely to be well received by users of the Pixel 6, Pixel 7, and Pixel Fold, as it allows them to hold onto their devices longer without the need for replacements. In the past, many Android users faced challenges with devices that became outdated quickly due to limited software updates. However, with this latest announcement, Google is actively changing that narrative.

In a broader context, the Android ecosystem has seen brands like Google and Samsung committing to extended update policies. While Pixel 8 and Pixel 9 models benefited from seven years of updates, older models now enjoy the enhanced five-year support as well.

This feature might make you buy a Galaxy S25

The Pixel Tablet will not receive similar updates; the extension applies exclusively to the Pixel 6, Pixel 7, and Pixel Fold. As Google raises the bar for device support, it signals a shift in expectations within the mobile technology landscape. Consumers now have an increased incentive to invest in Pixel devices, knowing they will be supported longer than before.

As the Android 16 Developer Preview continues to evolve, many users are eager to see how the new features and improvements will integrate into their existing devices. Engaging with the beta version allows enthusiasts to experience upcoming changes early, though the full ramifications of these updates will only become clear once the final version rolls out.

Featured image credit: Samuel Angor/Unsplash

Indiana Jones and the Great Circle excels at being a legendary adventure full of nostalgia, and I can’t get enough of it.

The death of the paper check may be a ways off — certainly that’s the case with B2B transactions.

In interviews with PYMNTS, executives have noted the fact that nearly half of commercial transactions are done through checks. Through PYMNTS Intelligence’s own reports, we’ve found that 75% of companies still use them. Given the trillions of dollars that flow back and forth between firms, that may be a bit of a head scratcher.

But there’s been a growing willingness to use credit cards, and as PYMNTS has found, virtual cards, as a way to not just cut out the (literal) paper from payments, but to lengthen days payable (for buyers) and shorten days receivable (for suppliers), improving cash flow across the board.

Recent data from the second edition of the “Growth Corporates Working Capital Index” done in collaboration between Visa and PYMNTS Intelligence, has found that virtual cards are being used more often, finding a strong place as a working capital solution, and the use of these cards have grown by nearly a third, year over year. In fact, virtual cards and negotiated terms (such as discounts for early payments) are the hallmarks of the top performing middle-market growth companies (with $50 million to $1 billion in top lines). The actual savings, on average, for the top performers translates to $11 million.

Elsewhere, as detailed in the November edition of the B2B and Digital Payments Tracker, nearly three in five U.S. businesses contend with late B2B payments — a pain point that can be addressed with cards — with one-third enduring delays exceeding 90 days. Eighty percent of B2B buyers prefer working with vendors that accept these cards, and we found that more than half of executives working within accounts receivable departments have said that not accepting virtual cards can negatively impact the buyer experience and potentially harm long-term partnerships.

To get a sense of the untapped potential, consider the fact that earlier this year, Paul Christensen, CEO of B2B payments accelerator Previse, told Karen Webster that though 80% of buyers favor virtual cards, their use accounts for just 2% of their accounts payable transactions. And though the Visa study cited above illustrated the financial benefits of those cards, the survey also indicated that only 18% of middle-market firms reported using virtual cards in the last year. Just 3.3% adopted the cards as their primary payment method.

Their usefulness is especially apparent in cross-border trade, where, as Dean Leavitt, founder and CEO of Boost Payment Solutions, said that the $190 trillion cross-border commercial payments landscape is marked by several touch points, intermediaries, FX considerations and a general lack of transparency. He defined commercial cards as a “working capital weapon” that improve vendor relationships, especially when additional data shows that 41% of smaller firms have said that they grapple with high costs (tied in part to manual and inefficient processes) when making B2B payments.

Double-Digit Growth

In a Federal Reserve survey released Monday (Nov. 18) on payments usage — including the use of cards — the growth of card use has been notable. Credit cards are the type of cards most used by businesses, accounting for 9% of credit card payments by number and 26% by value in 2022.

“The average credit card payment by a business — $259 — is almost three times the size of the average credit card payment by a consumer at $78. Some of these payments by businesses are likely payments that in past years would have been made with paper checks,” the Atlanta Fed noted on its own site. The Fed’s data tables indicate that the value of credit card payments surged 24% in between 2021 to 2022, to about $5.4 trillion.

The post Cards Making Gains With Commercial Payments, But Greenfield Opportunity Still is Massive appeared first on PYMNTS.com.

There are several ways to transfer files from your smartphone to your PC. You can do it via USB cable, stick, Bluetooth, or Android apps. Microsoft’s Edge, Windows’ main browser, is also capable of such an exchange. Whether you’re looking to store your photos or music on your PC or vice versa, we’ll show you how to do it with Edge.

Further reading: How to turn off the AI features in Microsoft Edge

How to transfer files between your phone and PC using Microsoft Edge

First, activate the drop function on the PC. To do this, click on the plus sign in the right-hand sidebar of the browser and navigate to Through Microsoft.

Scroll down and click on Drop. A new icon with this name will appear in the bar. Make sure that you’re signed in to your Microsoft account by clicking on the profile button in the top left-hand corner of Edge, selecting the appropriate account under Select account and then Sign in to synchronize data.

Now install Edge on your smartphone via the Google Play Store. In Edge, tap on the Add icon with the plus sign and then on Drop under Function shortcuts.

Go back to the start page and sign in to your Microsoft account (if you have not already done so). To do this, tap on the profile icon at the top left and select Sign in for synchronization. Click on your account and then Sign in.

A new Edge function allows you to send short messages and files to other devices using the browser.

IDG

You can now send a note from one device to another by entering a text message at the bottom of the window and then tapping the arrow pointing to the right.

To send a file, click on the plus sign, select the desired file in the Explorer view and click on Open. After a short time, the file will appear on the smartphone. Tap on Open to view the content in the assigned app. To save the file on your phone, simply tap on the three dots in the top right-hand corner and click on Save copy.

It works in the same way from the smartphone to the computer. Windows will display a notification when a message or file arrives.

This week on Inside the Stream Colin shares highlights from IBC 2022, which he just attended in Amsterdam. He focuses on enthusiasm for FAST services, clever new approaches to solving video piracy, advancements in metadata to improve search and discovery, and more. We explore all of the highlights and how they’ll play out in the industry. For further details, check out Colin’s posts here and here.

Listen to the podcast (23 minutes, 55 seconds)

Browse all previous podcasts

Subscribe to Inside the Stream
Apple Podcasts  Google Podcasts  Spotify  Amazon Music  RSS