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NerdWallet acquires small business loan marketplace Fundera

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Monetary steerage firm NerdWallet introduced on the finish of final week that it has acquired Fundera. New York Metropolis-based Fundera was co-founded in 2013 by Jared Hecht, who beforehand co-founded GroupMe. It created a market the place small companies might discover loans, subsequently increasing into different areas like authorized providers, whereas additionally (like NerdWallet) providing free monetary content material.

It may be the wild wild west on the market for small enterprise house owners,” Hecht stated in an announcement. “Discovering the monetary merchandise and the steerage wanted to begin, develop and fund their companies could be very difficult, and most small enterprise house owners don’t have a useful resource or accomplice to assist them alongside their journey. Bringing transparency to this course of and educating, empowering and advocating for enterprise house owners is so just like what we see NerdWallet doing within the client house.”

And naturally, small companies could also be in significantly dire want of help now, given the influence of the pandemic.

In keeping with the announcement, Fundera will function as a subsidiary of NerdWallet, with the whole workforce making the transition. The objective is to assist NerdWallet develop into the small- and medium-business market with each content material and precise financing.

Though we provide free instruments and content material, we’ve by no means been capable of totally assist small enterprise house owners — that adjustments immediately,” stated NerdWallet co-founder and CEO Tim Chen. “Fundera has been one in all our companions for a number of years and their deep understanding of the SMB market, the long-standing, trusted relationships they’ve constructed with each lenders and enterprise house owners, and their dedication to placing the wants of small enterprise house owners first is actually distinctive and spectacular.”

The monetary phrases of the acquisition weren’t disclosed. Fundera had raised $18.9 million in funding from traders together with QED Traders, Khosla Ventures, First Spherical Capital and Susquehanna Progress Fairness, according to Crunchbase.

That is NerdWallet’s second acquisition of 2020, having beforehand acquired U.Ok.-based Know Your Cash. The corporate says it’s been rising and worthwhile for the previous a number of years.

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On October 25, Apple will release iOS 15.1 and iPadOS 15.1. What we know so far

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Apple released important updates for iOS 15 and iPadOS 15 on Tuesday, to address several issues and a severe security hole affecting the two platforms. Now, according to reports, Apple is working on iOS 15.1 and iPadOS 15.1 builds for iPhone, iPod touch, and iPads.

Also, Twitter user named RobertCFO received confirmation from an Apple Product Security Team member about the final build’s release date. On October 25th, according to a leaked email that was then deleted from Twitter, iOS 15.1 and iPadOS 15.1 will be released, a week after Apple holds its conference.

This follows Apple’s general software upgrade policy, which is to release new updates a week after its events.

SharePlay, which allows you to remotely watch and listen to streaming material with your friends via FaceTime, ProRes video support, as well as Covid-19 vaccination document support in the Wallet app, are all expected features of iOS 15.1.

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PSA: Mining Chia on an SSD Will Completely Wreck It in No Time Flat

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When SSDs first started transport in shopper merchandise, there have been comprehensible issues about their longevity. Time, steadily enhancing manufacturing methods, and a few low-level OS enhancements have all contributed to solid-state storage’s popularity for sturdiness. With experiences praising SSDs as provisionally extra dependable than arduous drives even beneath heavy utilization, it’s straightforward to see how individuals may not see the brand new Chia cryptocurrency as a serious trigger for concern.

It’s. Chia is first plotted after which farmed, and whereas farming Chia takes little or no in the way in which of processing sources, plotting it should completely hammer an SSD.

It’s been years since we talked about write amplification, but it surely’s a difficulty that impacts all NAND flash storage. NAND is written in 4KB pages and erased in 256KB blocks. If 8KB of information must be changed out of a 256KB block, the drive might want to learn the unique 256KB block, replace it, write the brand new block to a unique location on the drive, after which erase the earlier block.

Write amplification has been an issue for NAND for the reason that starting and a substantial amount of work has gone into addressing these issues, however Chia represents one thing of a worst-case situation. Right here’s an excerpt from a latest Chia blog post:

Producing plot recordsdata is a course of known as plotting, which requires short-term space for storing, compute and reminiscence to create, kind, and compress the information into the ultimate file. This course of takes an estimated 256.6GB of short-term house, very generally saved on SSDs to hurry up the method, and roughly 1.3TiB of writes in the course of the creation.

The ultimate plot created by the method described above is simply 101.3GB. There seems to be an order of magnitude of distinction between the full quantity of drive writes required to create a Chia plot and the storage capability mentioned plot requires when accomplished.

Motherboard producers have gotten in on the motion, with one Chia-compliant board providing 32 SATA backplanes.

Right here’s what this boils right down to: A number of shopper SSDs are actually unhealthy decisions for mining Chia. TLC drives with SLC / MLC caches will not be really useful as a result of they provide poor efficiency. Low-end and midrange shopper drives will not be really useful, as a result of they don’t provide excessive sufficient endurance. It’s important to watch out through which SKUs you buy and enterprise and enterprise drives are extra extremely really useful normally.

Don’t purchase a QLC drive to mine Chia.

Optane would appear to be a near-perfect match for Chia, given its a lot greater endurance, however I can’t discover any data on whether or not individuals have tried deploying it in massive sufficient numbers to have some concept of what efficiency and endurance seem like beneath the 24/7 load Chia plotters are placing on their hardware. Possibly any individual will put a rig collectively utilizing it, as a lot out of curiosity as the rest.

Past that, ExtremeTech recommends customers not try and plot Chia on any SSD they aren’t snug with dropping, and to not purchase an SSD for the aim until you don’t thoughts throwing it away if it dies far more rapidly than anticipated. Chia plotting is a worst-case situation for SSD longevity and it needs to be handled as such.

One notice of fine information: To this point, Chia mining has had a a lot stronger affect on high-capacity arduous drive costs than on SSDs and smaller drives. Hopefully, this continues to be the case.

Now Learn:

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Microsoft adapts OpenAI’s GPT-Three pure language expertise to mechanically write code

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Microsoft CEO Satya Nadella introduces the brand new GPT-Three integration into Energy Apps in a recorded keynote tackle for the corporate’s digital Construct convention.

Microsoft unveiled new tools for automatically generating computer code and formulation on Tuesday morning, in a brand new adaptation of the GPT-Three natural-language expertise extra generally identified for replicating human language.

The aptitude, to be supplied as a part of Microsoft’s Power Platform, is among the fruits of the corporate’s partnership with OpenAI, the San Francisco-based synthetic intelligence firm behind GPT-Three. Microsoft invested $1 billion in OpenAI in 2019.

“The code writes itself,” stated Microsoft CEO Satya Nadella, saying the information in a recorded keynote tackle to open the corporate’s Build developer conference.

The characteristic is named Power Apps Ideas. It’s a part of a broader push by Microsoft and different expertise corporations to make software program growth extra accessible to non-developers, often called low-code or no-code growth.

Microsoft fine-tuned GPT-Three to “leverage the mannequin’s current strengths in pure language enter to offer Energy Apps makers the power to explain logic similar to they’d to a good friend or co-worker, and find yourself with the suitable system for his or her app,” says Ryan Cunningham of the Energy Apps staff in a publish describing the way it works.

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