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T+I Tech News

Adrianna Berit Nordbø - Monday, January 9, 2023
 Agritech   Tech 

Welcome back to the start of a new semester, techies! We hope you had a restful and enjoyable break.

The IE Technology and Innovation Club is excited to kick off another year of events, workshops, and guest speakers. We have a lot in store for the coming year, so be sure to follow us on social media and stay up-to-date with our events. We can't wait to see you at our first event and to hear your ideas and insights throughout the year.


Check out some of the latest stories in tech this week prepared by our club officer Gabriel Menzies!

American Bank Sees Customers Withdraw Around $10 Billion in Crypto

Customers of Silvergate, a bank in the US that is listed on the NYSE, have withdrawn a total of $8 billion worth of cryptocurrency deposits in the last couple months. The bank was forced to sell off over $5 billion worth of assets in an effort to stay liquid. As a result of such a shock, the company’s shares have greatly decreased and they have also been forced to conduct layoffs. 

Apple Introduces Audiobooks Narrated by AI

Apple has implemented an AI text to speech technology in the Books app which narrates books with human voices. This feature is only available for certain books and requires permission from the author, however it will most likely become more prevalent in the near future. Ultimately, this technology has the potential to reduce narration costs for authors and to disrupt a multi billion dollar industry. 

New Virtual Reality Technologies Unveiled at CES

A company called OVR technologies has showcased a new VR accessory at the annual Consumer Electronics Show in Nevada, US. This accessory allowed VR users to smell their virtual surroundings by creating different scents. The president of OVR technologies believes that scent is vital to virtual reality in order to fully be immersed in it, and the company stated the accessory will be available within the next year.