• www.cgchannel.com
    html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"Compositing training provider Compositing Academy has released the Rim Light Tool, a free Nuke plugin for faking rim lighting effects in 2D.The add-on, which is aimed at title sequences and motion graphics work, creates a rim light on a 2D image using only an alpha as input.Create rim lighting effects on 2D images using only an alphaThe Rim Light Tool provides a custom node for generating a rim lighting effect on the edges of a 2D image, including soft shadows, using only that images alpha channel.It isnt a light wrap tool, and doesnt require 3D data like position or normal information.You can see a comparison to traditional ways of faking a rim light in 2D, such as using an Emboss node, in the video above: as well as generating more realistic results, the add-on comes with controls for light falloff and shadow smoothing.Licensing and system requirementsThe Rim Light Tool is compatible with Nuke 15.0+. It requires a commercial version of Nuke: it wont work with Nuke Non-Commercial. The add-on is free, including for commercial use.Download the Rim Light Tool for Nuke from Gumroad(Enter a figure of $0 to download them for free, or make a voluntary donation)Visit Compositing Academys websiteHave your say on this story by following CG Channel on Facebook, Instagram and X (formerly Twitter). As well as being able to comment on stories, followers of our social media accounts can see videos we dont post on the site itself, including making-ofs for the latest VFX movies, animations, games cinematics and motion graphics projects.
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  • Best Laptops for Blender in 2025
    mavenseed.com
    If you're just starting out, or you're looking to upgrade your laptop's hardware for using Blender on-the-go, you've no doubt googled "will my laptop run Blender?"You don't just mean "will Blender boot up and function?" you mean "will I be able to take my project with me on the road, work remotely, or take a complex file and open it with ease?"Technology is constantly evolving, and along with it, applications and software upgrade to take advantage of new features as they become available. Let's take a look at what we think are the best laptops for Blender in 2025.Here are the hardware terms we'll discuss and read on for our recommended laptops towards the bottom.Minimum RequirementsCPU and GPURAMDisc SpaceRecommended LaptopsMinimum RequirementsIf you're just starting out, understanding the minimum specifications is a must to make a solid, informed decision about the hardware you're about to invest in. You should factor the minimum specs into your purchase, but you'll fare better to make your benchmark the recommended specs. For more information, check out this article on the minimum requirements for running Blender.One of Blender's long-standing strengths has been its cross-platform compatibility. Still, regardless of whether you prefer a Mac or PC, Windows Linux or iOS, you'll want enough resources to install, run, and work on a range of projects in varying complexity. This last part is where the bare minimum will sadly, not cut it. So what other considerations should you be looking at beyond these basics?CPU vs GPUBlender ships with the capability of running on anything with a CPU that has SSE2 support (Windows or Linux) at a minimum. For context, the SSE2 instruction set from Intel - short for Streaming SIMD Extensions 2 - has been around since the early 2000s, however the minimum core requirements for Windows/Linux is 4 cores (8 recommended) and you'll need to be running 64 bit architecture.Cycles can be set to render using a GPU. Laptops can leverage off this by using on-board or integrated graphics, or a separate graphics card. The most common you'll find are one of the following:Intel ArcAMD Radeon RXnVidia RTXIf you've got the money and can afford a laptop with an RTX card, then Blender will allow you to switch CUDA settings to GPU acceleration, or even enable OptiX for faster Cycles performance.However, the humble Intel Arc is nothing to sneer at. Cycles rendering can detect a oneAPI device for GPU rendering.If you have an AMD Radeon RX GPU, you could enable HIP for GPU Cycles rendering.If you're on a Macbook, your GPU option is Metal 2.2. Most macbooks released in the last 5 years should be running an M2 Apple Silicon processor, which has integrated GPU cores.RAMRAM (Random Access Memory) is like your computer's short-term memory, it temporarily stores the data your system needs to quickly access while running applications like Blender.For 3D artists, RAM plays an important role in multitasking and handling complex projects. If you're working with large textures, high-poly models, or rendering intricate scenes, more RAM ensures smoother performance and reduces the risk of crashes. Think of it like a workspace: the more RAM you have, the larger your desk, allowing you to spread out and organize more tools and materials without running out of room. While Blender can run on 8GB of RAM, 32GB or more is recommended for professional-level workflows to ensure you can handle demanding tasks without interruptions. Upgrading your RAM is one of the most impactful ways to future-proof your setup and stay productive in your creative journey.Hard Disk Space - How much space does Blender take?While Blender takes up less than 1Gb when installed, you're going to need ample space for all your wonderful projects - it all depends what you wish to use your laptop - and as an extension, Blender - for. Will you be saving all your renders? Will you be wrangling large texture files, or caching simulations? All these tasks should be considered when thinking about hard disc space.A bare minimum for any laptop would be 512Gb, but I'd definitely recommend a 1Tb SSD if you have the option. A general rule of any HDD configuration is to have a dedicated partition for software and data files - so think about what software you'll be running; a larger partition for your work; and an optional, smaller partition for recovery.Most current laptops offer SSDs as your only option. These are my choise, as they are smaller, take less power, and don't need constant defragmenting, however is cost is a factor, you might find HDDs cheaper for more storage.Blender Laptop buying picksBest Apple Laptop - Macbook Pro - 2024If you're going to invest in a Macbook, I'd recommend you consider a Macbook Pro. While the Macbook Air will run Blender just fine, users report overheating when rendering in Cycles. The most recent model was released in October 2024, and a minimum spec machine will exceed the minimum RAM, but fall short of the recommended amount - however it uses Unified RAM which is far more efficient because the CPU and GPU use the same bank of memory. It runs the latest M4 Silicon Chip and you should be able to work comfortably with 512GB of SSD hard disc space.As with all Apple products, the bigger your budget, the more resources you can upgrade. More RAM means better render speeds; more hard drive space means you can save more work on the go; and more GPU cores means complex Cycles viewport previews will update faster.TIP: Mac Rumors has reported that while this year's Macbook Pro model will sport the newer M5 chip, it's best to wait for the 2026 model for significant performance boosts.Minimum specs:14" 16GB RAM, 512GB SSD, Apple M4 Chip with 10 Core CPU; 10 Core GPU; 16 Core Neural engine, 120Gb/s memory bandwidthRecommended specs:16" 24GB RAM, 1TB SSD, Apple M4 MAX Chip with 16 Core CPU, 40 Core GPU and 16 Core Neural engine, 546 Gb/s Memory bandwidthBest Windows Laptop - Surface Studio 2 I looked around a lot of "best of" lists, and I may be biased since I happen to own a Surface Studio 1 and think it strikes a great balance and runs Blender just fine, but the Studio 2 gets a mention again and again - and for good reason!For price, it's comparable to a Macbook Pro - these things are not cheap, sadly, but for accessing Blender's features for higher performance, this laptop will deliver.Firstly: choose an option that has the nVidia RTX 4000 series GPU. I wouldn't recommend skimping on this, as the alternatives are the Intel Irix Xe - and you'll run into the odd problems at inopportune times - or the nVidia Ada 2000 GPU - however this is actually a viable option.The CPU is a 13th Gen Intel Core Processor which has a total of 14 cores, so even if you were going to render using your CPU, you're covered.Minimum RAM is 16GB but if you have the option, upgrade to at least 32GB.The minimum SDD size is 512GB which should be ok if you're taking a project or two between locations or working remotely, but see above for why more is better when it comes to storage.The added feature for this laptop is that the screen completely folds back and you can use it as a touch screen device. There are a range of pens you can purchase for this, so that drawing and sculpting can be done in Blender without needing to purchase an external drawing tablet or pen display.There are a couple of drawbacks: I find the screen can feel flimsy unless you're completely covering your keyboard and mouse (in which case, you're going to need an alternative for shortcuts keys) and the battery life runs out MUCH faster than advertised unless you tweak those power and battery settings.In spite of those two points, this is a great choice because it is portable, versatile and exceeds Blender's requirements.Minimum Specs:14" 16GB LPDDR5 RAM, 512GB SSD, Intel i7 13700H (14 cores), nVidia Ada 2000 GPU 8Gb GDDR6 vRAMRecommended Specs:14" 64GB LPDDR5 RAM, 1TB SSD, Intel i7 13700H (14 cores), nVidia GeForce RTX 4060 GPU 8Gb GDDR6 vRAMBest Custom/Linux Laptop: FrameworkOptions for building your own laptop from scratch are not as common as ones for building your own desktop. There's no equivalent that I could find for something as useful as PC Parts Picker, so laptops are generally upgraded at the time of purchase, or you'll be looking for individual parts to swap out on an old machine.There's a service known as Framework which allows you to custom build your own to a range of specifications that will meet Blender's Recommended Requirements where it counts. This will allow you to mix and match components, and when the time comes, easily upgrade essentials. You can have it ship with a copy of Windows or choose to install your own flavor of Linux.I'd recommend checking out The Blender Benchmark where users submit data and you can get a good indication of what components perform best - for example, because most laptops come with some form of integrated GPU, you'll want to see how an Intel Arc or Radeon RX series performs before making your decision. AFAIK, Blender has Cycles Render Device options for these architectures - remember, nVidia isn't the only player in town!Conclusion:Laptops are meant to be portable yet functional. You don't want to sacrifice solid hardware because of cost, and you want to exceed the minimum specs at all times. So naturally, the big two options (iOS and Windows) are not going to be cheap, but they are going to be reliable for a good while, so think carefully about what you're ultimately investing in.Of course it is entirely possible to find a cheaper option that runs perfectly adequately. The tips at the beginning of the article are what you should remember when weighing up that important purchase.Are you ready to get started with Blender? Take our free Blender Basics course and run your new hardware through its paces!
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  • JRA refurbishes former Sony Pictures headquarters in Soho
    www.architectsjournal.co.uk
    The building, designed by Nimmo & Partners to replace the 1930s Associated British Pictures Corporations headquarters, which previously stood on the site, has been expanded by John Robertson Architects to offer 2,739m2 of office space over eight floors. The increase in floorspace was enabled by removing rooftop plant screen to create an additional office level and partially infilling the rear courtyard.The refurbishment respects the character of the surrounding heritage area. New mansard roofs on the upper floors echo the style of neighbouring buildings. The main entrance has been redesigned with changes to the faade at the corner of Golden Square and the ground floor now includes a larger reception area and a flexible retail unit. Source:Edmund SumnerTerraces have been added on several floors, including a communal rooftop terrace with seating and planters, creating a verdant space in a dense urban area. The buildings exterior uses neutral materials to blend in with the historic surroundings: Portland stone, dark-grey aluminium panels and zinc cladding. Public art from the original faade has been retained, depicting the sites history from becoming the home of distinguished 19th-century surgeon John Hunter to its more recent connections with the film industry.Advertisement Source:Peter CookArchitects view30 Golden Square highlights JRAs retro-first approach. The key design move has been the re-imagining of the building services strategy to create both an additional floor of accommodation and a communal roof terrace with fantastic views over Golden Square and Soho. The design and materiality tie the building back into the fabric and history of the site and has been well received by tenants looking for best-in-class facilities.Festus Moffat, director, John Robertson Architects Source:JRAStreet elevationProject dataGross floor area 4417m2Form of contract Design and BuildConstruction cost 14.2 millionConstruction cost per m2 3,215Architect John Robertson ArchitectsClient Aviva InvestorsProject manager AlbanPlanners Gerald EvePrincipal designer Lesley ClarkCommunity consultants ConcillioStructural engineer Taylor Whalley SpyraCost consultant MadlinsHeritage consultant Kevin Murphy HeritageSustainability consultant CundallBuilding control officer SocotecLighting consultant GIA EquationM&E consultant and sustainability consultant CundallFire engineering Consultant Trenton FireFaade consultant Thornton TomasettiAcoustic consultant CundallMain contractor StructuretoneEnvironmental performance dataAirtightness at 50Pa 9.49 m3/h.m2DHW heating demand 14,534 kWh/yrTotal regulated emissions (Part L 2013 Baseline (TER)) 98 tonnes CO2/yrTotal regulated emissions (Be Lean) 77.2 tonnes CO2/yrTotal energy demand 336.9 MWh/yr
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  • Today's NYT Connections: Sports Edition Hints and Answers for Jan. 20, #119
    www.cnet.com
    Looking for the most recentregular Connections answers? Click here for today's Connections hints, as well as our daily answers and hints for The New York Times Mini Crossword, Wordle and Strands puzzles.Today'sConnections: Sports Editiongot me again with the purple category. Fortunately, if you do OK on the previous three, that one will solve itself by default. Read on for hints and answers for today's Connections: Sports Edition puzzle.For now, the game is in beta, which means the Times is testing it out to see if it's popular before adding it to the site's Games app. You can play it daily for now for free and then we'll have to see if it sticks around.Read more: NYT Has a Connections Game for Sports Fans. I Tried ItHints for today's Connections: Sports Edition groupsHere are four hints for the groupings in today's Connections: Sports Edition puzzle, ranked from the easiest yellow group to the tough (and sometimes bizarre) purple group.Yellow group hint: Not going upGreen group hint: Hang tenBlue group hint: Empire State schoolsPurple group hint: Sounds like a hoopsterAnswers for today's Connections: Sports Edition groupsYellow group: DownturnGreen group: Surfing termsBlue group: New York collegesPurple group: Homophones of NBA player namesRead more: Wordle Cheat Sheet: Here Are the Most Popular Letters Used in English WordsWhat are today's Connections: Sports Edition answers? The completed NYT Connections: Sports Edition puzzle for Jan. 20, 2025. NYT/Screenshot by CNETThe yellow words in today's ConnectionsThe theme is downturn. The four answers are decline, plunge, skid and slump.The green words in today's ConnectionsThe theme is surfing terms. The four answers are barrel, crest, swell and wave.The blue words in today's ConnectionsThe theme is New York colleges. The four answers are Colgate, Columbia, St. John's and Syracuse.The purple words in today's ConnectionsThe theme is homophones of NBA player names. The four answers are Barns, Connect, Heart and Hero.
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  • Is Kaiju No. 8 coming to Fortnite? Everything we know
    www.videogamer.com
    You can trust VideoGamer. Our team of gaming experts spend hours testing and reviewing the latest games, to ensure you're reading the most comprehensive guide possible. Rest assured, all imagery and advice is unique and original. Check out how we test and review games hereFortnites latest crossover features the colossal trio from the MonsterVerse: Godzilla, Kong, and Mechagodzilla, transforming the island once more. Players may now embody these famous kaiju thanks to the Chapter 6 Season 1 Battle Pass, and the Item Shop, which includes skins that capture the essence of each character from their film counterparts. The Godzilla skin, which includes changing elements, has been particularly well received, allowing players to turn into the King of Monsters himself. Kongs skin, complete with his distinctive cybernetic arm brace, has also received praise for its intricate design. At the same time, Mechagodzillas metallic style has enthralled fans yearning for a more robotic take on the kaiju genre. The community has been buzzing on social media, sharing gameplay experiences, spawn rates, and playing as their favorite monsters. Amid the enthusiasm, additional leaks have surfaced, implying another forthcoming monster collaboration with the popular anime Kaiju No. 8.All Fortnite x Kaiju No. 8 collab leaked cosmeticsAccording to rumors and leaks by popular data miner Blortzen, a new collab between Fortnite and the popular anime Kaiju No. 8 is coming soon to Chapter 6 Season 1 while tailing the wind of the ongoing Godzilla collab.Kafka and Kikoru will arrive as Fortnite skins. Image credit Blortzen.The Fortnite collab will bring Item Shop skins and cosmetic items in the game that players will be able to purchase using V-Bucks. Heres all we know about the leak along with the items coming to the shop:Kafka Hibino (kaiju dude) as an skinKikoru Shinomiya can be the other skin, with her axe as pickaxe (and backbling, based on a new codename with that trait)Skins will be cel-shadedHibino will have an emote, maybe built in as a transformation. Both skins should have back bling and a pickaxe (based on the pak sizes for bundles). Hibino, the kaiju dude is codenamed SureBamboo, will have an emote and pickaxe (the leaked one), the emote is known, and it could be a built-in transformation.Shinomiya is a speculation, possible codename, MoonSatellite, a new tag for a pickaxe that hides, usually used by collabs. A bundle usually has male and female skin; she is the most fit for the game. Cel shaded also got leaked by the pickaxe, but it was obvious.While the collab is still decrypted, fans are hoping to see the actual in-game look at the cosmetic items when the next Fortnite update hits the game. FortnitePlatform(s):Android, iOS, macOS, Nintendo Switch, PC, PlayStation 4, PlayStation 5, Xbox One, Xbox Series S/XGenre(s):Action, Massively Multiplayer, Shooter9VideoGamerRelated TopicsFortnite Subscribe to our newsletters!By subscribing, you agree to our Privacy Policy and may receive occasional deal communications; you can unsubscribe anytime.Share
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  • The Art of Demiurge Ash
    www.iamag.co
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
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  • How African VC firm Oui Capital returned its first fund with Moniepoints unicorn exit
    techcrunch.com
    At a recent investor meeting, early-stage African investor Oui Capital informed limited partners that it had returned its $4 million debut fund following the sale of some shares in the business banking platform Moniepoint.The African fintech unicorn has so far proven to be a standout investment for five-year-old Oui Capital. When it launched its first fund, it invested $150,000 in the Nigeria-based company, an early bet that has since generated an $8 million returnenough to pay back the fund.Specifically, last October, when Moniepoint raised $110 million in funding at a $1 billion valuation in a Series C round led by Development Partners International, Oui Capital sold some of its shares into the deal; now, with its fund repaid, any future returns will be pure profit for its investors.Its a rare feat for a young VC firmmany globally fail to return their first fundand even rarer in Africas venture ecosystem. Still, it underscores how lucrative some early-stage bets, especially in fintech,can be on the continent. Oui Capital joins other pan-African investors like CRE VC and 4DX Ventures that have returned their first funds after backing other unicorns, such as Andela and Flutterwave, according to two people familiar with investor dealings on the continent.TechCrunch contacted Oui Capital for comment, and the firm confirmed the news.Google and DPI back African fintech Moniepoint in $110M roundMoniepoint, previously known as TeamApt, wasnt a household name in 2019 when Oui Capital first considered it. At the time, the company primarily built financial products and software for itself and banks. Oui Capital, founded by Olu Oyinsan and Francesco Andreoli,was among its earliest investors and also one of the few to support the outfits pivot to Moniepoint, a business banking and payments platform that has since become Nigerias largest merchant acquirer.They have been with us through the stages, from seeking product-market fit to getting to production, Tosin Enioluwadara, Moniepoint co-founder and CEO, said of Oui Capital in a 2021 video. Olu [managing partner at Oui Capital] has been helpful in advisory; we talk through strategy, governance, and key matters that affect the company. They have also been helpful in our investment campaigns, from introducing potential investors to sometimes just thinking around our narrative and positioningExits in Africas tech scene remain rare, with only 143 out of 2,971 venture deals since 2019 leading to exits, according to The Big Deal. Most startups are still in their early or growth stages far from the maturity needed for significant exits. Unlike developed markets with robust M&A and IPO options, Africas tech ecosystem is still growing, leaving fewer startups in an exit-ready position.On the other hand, venture investments typically take 510 years to mature, so many African-focused VC firms still await returns. For Oui Capital, that wait took five years. When the firm joined Moniepoints seed round, the company was valued at a $12.5 million valuation, as revealed in an investor report seen by TechCrunch.Anecdotally, smaller funds are easier to return due to their size. Data from Cambridge Associates, which builds and manages investment portfolios for institutional investors, bucks up this trend. But more importantly, Oyinsan credits his funds portfolio construction for the firms traction to date. Its not just about fund sizeits about what you invest in, your entry price, how much equity you own, how much you invest, and when you decide to exit, he tells TechCrunch.Oui Capital, a pan-African early-stage VC firm, hits first close of its $30M second fundOther startups in Oui Capitals portfolio include Duplo, which digitizes payment flows for African B2B enterprises; Maad, a B2B e-commerce platform for fast-moving consumer goods; and Matta, a B2B marketplace for chemicals, from its first fund, Mentors Fund 1. The investor, with 22 startups across two funds, writes checks of up to $400,000 for seed-stage startups across Africa.In 2022, Oui Capital launched a second fund, Mentors Fund 2. While the early-stage firm initially targeted $30 million, it closed at $12 million, according to Oyinsan. He also shared that while the fund has no plans to rush into fundraising due to its strong position, it might raise a third fund later this year.
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  • Common Mistakes First-Time Homebuyers Make
    archeyes.com
    First-Time Homebuyers | Christian Koch via UnsplashHave you ever thought about buying your first home but felt overwhelmed by the financial side of it? The process can seem complicated, from saving for a down payment to understanding interest rates. For first-time homebuyers, knowing where to start is often the hardest part.In states like Nebraska, where housing markets are relatively affordable compared to national trends, homeownership dreams are more accessible. However, rising home prices and fluctuating interest rates still make smart financial planning essential. Understanding the local market and your financial readiness is the key to success.This article will share practical financial planning tips to help you navigate the home-buying process, make informed decisions, and turn your dream of owning a home into reality.Understanding Interest Rates and Local Market TrendsInterest rates significantly affect how much your home will cost over time. Even a slight change in rates can mean paying thousands moreor lessover the life of your mortgage. This is why staying informed about local trends and comparing rates is essential.For example, the housing market offers urban and rural opportunities in Nebraska, making it appealing for first-time buyers. However, Nebraska mortgage rates can vary based on location, lender, and market conditions. Understanding these variables can help you secure the best deal.For instance, if youre buying in Omaha or Lincoln, where housing demand is higher, rates might be slightly different than in smaller towns. Researching lenders, comparing offers, and locking in a favorable rate can save you significant money. Dont forget to factor in the broader economy, as rising national interest rates can impact local markets, too.By understanding both the local market and how interest rates work, youll be better prepared to navigate the complexities of home financing.Creating a Budget That Works for You Ronny Rondon via Unsplash Gerda via UnsplashBudgeting is a cornerstone of smart financial planning. Before you even start looking at homes, closely examine your income and expenses. How much can you realistically spend on a house without compromising other financial goals?Start by calculating your monthly income and subtracting fixed expenses like bills and debt payments. The remaining amount will give you an idea of what you can allocate toward housing. Keep in mind that your mortgage payment is only part of the equation. Taxes, insurance, utilities, and maintenance all add up.Many experts recommend the 28/36 rule. This means spending no more than 28% of your gross monthly income on housing and keeping your total debt payments under 36%. Sticking to these guidelines can help ensure your home remains a blessing, not a burden.Its also wise to build a financial cushion for unexpected expenses. Homeownership often comes with surprises, like a leaking roof or a broken water heater. Having savings set aside can save you from financial stress when the unexpected happens.Improving Your Financial Profile Before Applying for a LoanLenders look closely at your financial situation before approving a mortgage. A stronger financial profile can help you get better loan terms and lower interest rates.Start by checking your credit score. A higher score shows lenders youre responsible with money, which can lead to lower rates. If your score needs some work, focus on paying off debts and always making payments on time. These small actions can make a big difference over time.Next, work on reducing your debt-to-income ratio (DTI). This is the percentage of your income that goes toward paying off debts. Lenders prefer it to be below 43%, as it shows you can handle monthly payments comfortably. You can improve your DTI by paying down existing debts or finding ways to increase your income.Lastly, think about saving for a bigger down payment. While some loans require as little as 3% down, putting more money upfront can lower your monthly payments and total loan amount. It also shows lenders that youre financially prepared for homeownership. Taking these steps can make the loan approval process smoother and more rewarding.Why It MattersBuying a home is one of most peoples biggest financial decisions. Its not just about finding the right houseits about making a sound investment that wont strain your finances. First-time buyers often face unique challenges, from saving for a down payment to navigating loan options. Proper planning can make all the difference.Start by setting a clear budget. This isnt just about the house price but includes related costs like taxes, insurance, and maintenance. Many first-time buyers overlook these additional expenses, only to be caught off guard later. Knowing your financial limits upfront will help you avoid overspending.Saving for a down payment is another critical step. While some loans allow for a smaller down payment, aiming for at least 20% can save you from paying private mortgage insurance (PMI). It also lowers your monthly payments and helps you build equity faster.The Broader Implications of HomeownershipOwning a home isnt just about having a place to liveits about building long-term financial stability. Each mortgage payment you make builds equity, which is the portion of your home that you truly own. Over time, this equity can become a valuable asset, whether you use it to fund other goals or sell the home for a profit.But homeownership also has broader societal benefits. Stable housing contributes to stronger communities, better educational opportunities, and even improved health outcomes. By investing in a home, youre not just securing your futureyoure also contributing to the well-being of your neighborhood.However, its important to remember that homeownership comes with responsibilities. From maintenance to taxes, owning a home requires ongoing financial and personal investment. Understanding these commitments beforehand ensures youre prepared to handle them.The bottom line? Buying your first home is an exciting milestone, but it requires careful planning. By setting a budget, understanding interest rates, and improving your financial health, you can navigate the process with confidence.Remember, smart financial planning isnt just about saving moneyits about making informed decisions that align with your long-term goals. With the right approach, your dream of homeownership can become a reality, providing you with stability, security, and a place to call your own.Real Estate Leave a comment
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  • Masters Of Collaboration Inside Gothenburgs Sustainable Ecosystem
    www.forbes.com
    Gothenburg, Sweden - Karlatornet, 2024gettyAs Swedens second largest city, Gothenburg stands out for its sustainability credentials, entrepreneurial ethos and ability to cultivate innovation. It also serves as headquarters for global organizations like Volvo, Polestar, AstraZeneca and Ericsson.In October, Gothenburg was ranked second of 40 countries by the Global Destination Sustainability Index for its approach to tourism, social inclusion, supply chain due diligence and environmental performance.But beyond the citys green credentials, is a unique landscape made up of investors, innovators, scientists and companies helping to buck the trend of the challenging funding landscape in the climate and wider green tech space.Research by PwC assessed that global investment flows into climate tech financing dropped by 29% from $79 billion to $56 billion from the end of 2022 to the end of 2023. The firm also recorded a contraction of climate tech funding from venture capital and private equity investment from 9.9% to 8.3% within the same timeframe.Yet, amid this tough climate, Sweden ranked as the fourth country for climate tech funding in 2023 behind the U.S., China and the U.K., according to dealroom. This is unsurprising, given that it was the first country to pass an Environmental Protection Act back in 1967 and currently ranks sixth in the global Environmental Performance Index.MORE FOR YOUGothenburg A Place to Convene, Collaborate and DreamTo unpick who are the important stakeholders which make up this ecosystem of innovation and to better understand how investors are collaborating with businesses in Gothenburg, I spoke with Sofia Hjelmberg. Hjelmberg leads investor relations for GU Ventures, a fund focused on building ideas within the realm of tech and life sciences. She is also in charge of organizing GoWest, a flagship annual venture capital forum held in the city that convenes investors, startups and scale ups. GoWest is set to be held at the Karlatornet, the tallest building in the Nordics later in January.At times like these, connection is essential. Hjelmberg said in an interview. The core purpose of GoWest is to facilitate matchmaking at different levels and to bring projects and ideas to the Gothenburg ecosystem. This is comprised of Chalmers University, the private sector with companies like Volvo and the public sector including EIT, the EU innovation body. she said.Sessions centered around climate at GoWest will explore how to drive impact through investment, what climate tech looks like in a Trump world, plus an unveiling of a new Swedish climate startup map for 2025 by Swedish Incubators and Science Parks.Sustainability is high on the agenda for everyone, especially the politicians. Change comes from the top, but its the industry who facilitates it. she added.Hjelmburg observed why the city is ranked so highly for its approach to sustainability, In Gothenburg, people are masters of collaborating, everyone is a phone call way. We understand that if we all pitch in, we will get the right exposure and partnerships going given the presence of the automotive industries and life sciences.Incubating and Funding Sustainable SolutionsAnn-Sofie Ekberg, CEO of Volvo Cars TechFund, attested to the importance of events like GoWest to congregate and convene minds to solve some critical challenges across deep-tech, life sciences and sustainability.Based out of Gothenburg, Volvo Cars TechFund makes strategic investments and provides global market access for innovative ideas in the mobility and tech sectors. Since its inception in 2018, the fund has made 21 investments, typically in Series A or B funding rounds with a value of between 1 million to 5 million.In our conversation, Ekberg shared more about the funds current portfolio which is tied to three key pillars of Volvos wider mission: personal, sustainable and safe mobility. This ranges from Dcbel, a company focused on home energy charging and Luminar which is innovating around high-performance light sensors for vehicles. The portfolio also includes Syre, a company with ambitions to scale textile to textile recycling, which raised $100 million in a Series A investment round last year.One of our most exciting investments in 2023 was into a British company, Breathe. It helps Volvo with faster charging software and battery optimization. Ekberg said. There are multiple companies within the portfolio that demonstrate how the fund is scaling ideas to support the wider energy transition.Ekberg and her team are actively engaged with portfolio companies. She detailed the their role, involving coaching and development until a given company is mature enough to receive request for quotes and to work independently alongside Volvos engineering and procurement teams.Over the lifetime of a company, we keep our ownership hat on, sitting with the boards of these startups and scale ups to ensure they have everything to support their growth and financial performance. Ekberg commented.On Gothenburg, I asked Ekberg what makes the city unique. As part of the ecosystem, at Volvo Cars we want to drive that our home base is innovative and sustainable. Plus, by partnering with GoWest, we can share how we are an investment body too to encourage more funding and founding of ideas in the region.An Ecosystem of Ideas Rooted in EducationIn addition to being home to the headquarters of Volvo, AstraZeneca and Ericsson, Gothenburg is home to Chalmers University of Technology. In our conversation, Hjelmburg highlighted how the work of GU Ventures and GoWest is shaped by developments at the University and how that might fit into the value chain of global companies in the area, particularly where science and engineering are concerned.One thing that emanates from my interviews with the citys multiple founders is that Gothenburg is a place that births and breeds ideas.A prime example is Vividye, a company serving both the textile and cosmetic industries with its technology that can eliminate harmful chemicals and microplastics from color production processes.Both co-founders of Vividye, Johanna Nissn Karlsson and Gustav Larsson are alumni of Chalmers University. Gothenburg has multiple initiatives that encourage innovation and everyone is really engaged. Larsson told me. For Vividye, we need expertise in surface chemistry, plus research and development and there are many good chemists in Sweden. he said.Elsewhere, another graduate of Chalmers University is Syres CEO Dennis Nobelius, who grew up in Gothenburg. I wanted to get his take on the city, Its an inherent part of Scandinavian culture to be sustainable. he said.Its easy to start something in Gothenburg. People are interested, people are connected and people are used to working across companies and across industries. Nobelius observed.Anders Breitholtz, founder of Papershell, an organisation advancing material innovation and transforming paper into cellulose components for biogenic products echoed Nobeliuss thoughts in a conversation with me. Gothenburg is a place where scientists and artists cross pollinate and super position their knowledge to create solutions. he said. Its the solution orientated mentality of many players in the city that help each other succeed. Breitholtz added.Ultimately, it is this mentality Breitholz references, brought together by academics, global corporations, investors and entrepreneurs that has created an environment where ideas conceived to solve environmental and social challenges can thrive.
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  • Instagram announced a new video-editing app a day after TikTok and CapCut went dark in the US
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    Instagram announced a new video-editing app called Edits as TikTok and CapCut face US restrictions.Instagram head Adam Mosseri announced the tool, which will be released on March 13, on Sunday.Edits will offer video editing tools and analytics, Mosseri said.Instagram announced a new video-editing app called "Edits" on Sunday, a day after rival ByteDance apps TikTok and CapCutThe app is slated to be released on March 13, Adam Mosseri, the head of Instagram, announced in a video posted on the platform. Meta owns Instagram.Mosseri said the app will include a higher-quality camera, video editing tools, a feature to share drafts with others, and Instagram analytics on how those videos perform. The app can be used to make videos for platforms besides Instagram as well, he said."There's a lot going on right now, but no matter what happens, it's our job to provide the best possible tools for creators," Mosseri said. The Edits app will be released on March 13, according to its page on the iOS App store. Screenshot of iOS App Store Meta also ran sponsored ads for Instagram on the iOS App Store for a few hours on Sunday, in another sign the tech giant is capitalizing on the lack of clarity regarding TikTok's future. Users who typed "TikTok" saw an ad for Instagram, Bloomberg reported. The ads had stopped appearing as of late Sunday evening.Meta did not respond to a request for comment from Business Insider about the sponsored App Store ads. In addition to Instagram, Meta owns Facebook, Threads, and WhatsApp.Edits is available for preorder on the iOS App Store, but it won't be available to download until next month, Mosseri said.The app stands to compete with existing video-editing platforms such as Adobe's Premiere Rush and ByteDance's CapCut, the latter of which is blocked and no longer available in US app stores. TikTok has restored its services in the US but is no longer available in app stores.Last year, a bill to banTikTok received bipartisan supportin the House and Senate due to national security concerns with ByteDance's Chinese ownership. Biden signed the TikTok ban bill into law in April 2024.The company spent months challenging the law that required it to be divested or banned from the US before January 19. On Friday, the Supreme Court ruled to uphold the ban.In a Truth Social post on Sunday, President-elect Donald Trump said he plans to issue an executive order following his inauguration on Monday to extend the time before the TikTok ban is enforced. He did not mention if other ByteDance apps, such as CapCut and Lemon8, will return under this executive order.
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