As technology continues to advance rapidly, the IT industry is constantly evolving, pushing boundaries, and achieving remarkable breakthroughs. In July 2023, several groundbreaking developments took place, ranging from the training of AI in outer space to the revolution in quantum computing. This article explores the top 5 IT breakthroughs of July 2023, highlighting their significance and potential impact on various industries.

## 1. Space-trained AI Takes Artificial Intelligence to New Heights

In a remarkable achievement, researchers successfully trained a machine learning model in outer space for the first time. This groundbreaking experiment took place aboard the International Space Station, utilizing the unique environment of microgravity to enhance AI capabilities. By training AI algorithms in space, researchers aim to improve their ability to process and analyze data, leading to advancements in areas such as image recognition, natural language processing, and autonomous systems. This breakthrough paves the way for the development of more advanced AI technologies that can operate effectively in extreme environments and support space exploration missions.

![Photo by <a href="https://unsplash.com/@martz90?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Martin Martz</a> on <a href="https://unsplash.com/photos/a-dark-background-with-a-purple-geometric-design-Wa-3T6d0rBo?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText">Unsplash</a>   ](img/martin-martz-wa-3t6d0rbo-unsplash.jpg)

﻿*Photo by [Martin Martz](https://unsplash.com/@martz90?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText) on [Unsplash](https://unsplash.com/photos/a-dark-background-with-a-purple-geometric-design-Wa-3T6d0rBo?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText)*

## 2. Advancements in Monte Carlo Computer Simulations

Another significant breakthrough in July 2023 was made in the field of Monte Carlo computer simulations. Researchers at Leipzig University developed a new algorithm that revolutionizes the investigation of long-range interacting systems. This algorithm enables the efficient simulation of gases and solid materials with atoms that interact not only with their neighbors but also far beyond. By significantly reducing simulation times from centuries to days, this breakthrough opens up new possibilities for studying nonequilibrium processes in systems with long-range interactions. The implications of this advancement extend to various fields, including materials science, physics, and chemistry.

## 3. Quantum Revolution: Creating a New Type of Quantum Bit

In July 2023, a German-Chinese research team achieved a significant milestone in the field of quantum computing by creating a new type of quantum bit (qubit) in a semiconductor nanostructure. This breakthrough relied on a special energy transition that allowed an electron hole to possess two different energy levels simultaneously. Unlike conventional bits that exist in the states "0" and "1," quantum bits can exist in superpositions of both states. The researchers utilized two optical laser pulses to trigger a radiative Auger transition, enabling the creation of a superposition state. This breakthrough in creating and manipulating quantum bits brings us closer to harnessing the immense computational power of quantum computers, with potential applications in cryptography, optimization, and simulation.

<iframe src="https://giphy.com/embed/yQltwC4N8nzOE1WdDW" width="480" height="480" frameBorder="0" class="giphy-embed" allowFullScreen></iframe><p><a href="https://giphy.com/gifs/seamless-atom-quantum-yQltwC4N8nzOE1WdDW">via GIPHY</a></p>

## 4. Lights as the Future Internet: Advancements in LED-based Communication

Fast and reliable data transmission is crucial in our increasingly connected world. In July 2023, researchers made significant progress in using light-emitting diodes (LEDs) for data transmission, potentially revolutionizing the way we access the internet. LED-based communication links, such as Light-fidelity (Li-Fi), are expected to complement existing communication technologies and networks. A study led by the University of Surrey and the University of Cambridge explored the use of metal-halide perovskites to release high-speed photonic sources. These semiconductors, when combined with LEDs, offer excellent optoelectronic properties and cost-effective processing methods. The widespread adoption of LED-based communication could enable faster data transmission in homes, offices, and various emerging services and scenarios, including Internet of Things (IoT) devices and underwater communications.

## 5. Strengthening Cybersecurity with Threat-Informed Security Posture Recommendations

As the digital landscape continues to evolve, cybersecurity remains a top priority. In July 2023, Microsoft 365 Defender released a new feature designed to enhance security operations teams' ability to prevent repeat attacks. This feature provides threat-informed security posture recommendations, allowing teams to identify and prioritize the right controls effectively. By leveraging threat intelligence and insights, security operations teams can enhance their defenses and protect against sophisticated attacks. Microsoft 365 Defender is a comprehensive suite of products and solutions that coordinate detection, prevention, investigation, and response across various endpoints, identities, email, and applications. This new feature adds another layer of defense, empowering organizations to proactively strengthen their cybersecurity posture.

![https://www.bing.com/images/search?view=detailV2&ccid=MvyRmHbN&id=3A81C5660C38C7EF81EE66778C1E1C71E20308D1&thid=OIP.MvyRmHbNscRgyWAIfUwJqQHaD4&mediaurl=https%3a%2f%2fwww.kraftkennedy.com%2fwp-content%2fuploads%2f2020%2f09%2fMicrosoftDefender-Sept20.png&cdnurl=https%3a%2f%2fth.bing.com%2fth%2fid%2fR.32fc919876cdb1c460c960087d4c09a9%3frik%3d0QgD4nEcHox3Zg%26pid%3dImgRaw%26r%3d0&exph=628&expw=1200&q=microsoft+365+defender&simid=608048858619120300&FORM=IRPRST&ck=74936FF83112AECB5280CB1869E7D4CA&selectedIndex=24&mode=overlay](img/web-cis-bigstock-422878817.jpeg)

*Photo from* [Bachelor Degrees | Pueblo Community College (pueblocc.edu)](https://pueblocc.edu/Bachelor)

## Conclusion

The IT industry witnessed several remarkable breakthroughs in July 2023, showcasing the relentless pursuit of innovation and the profound impact of technology on various sectors. From training AI in outer space to revolutionizing quantum computing, these breakthroughs have the potential to shape the future and drive advancements in fields such as artificial intelligence, computer simulations, data transmission, and cybersecurity. As technology continues to evolve, staying informed about these breakthroughs is crucial for individuals and organizations alike. Embracing these advancements and harnessing their potential will pave the way for a more connected, secure, and technologically-driven world.

*Photo by [geralt](https://pixabay.com/users/geralt-9301/) on [Pixabay](https://pixabay.com/illustrations/spot-explosion-star-experiment-1502037/)*

Get ready to be amazed by the incredible tech advancements that happened in July 2023! From AI training in outer space to mind-blowing quantum computing breakthroughs and lights as the future internet, these top 5 IT discoveries are reshaping our world in the friendliest way possible!

Top 5 IT Breakthroughs of July 2023: Space-trained AI, Quantum Revolution, and Lights as the Future Internet

**The Metaverse Summit, an event pioneering in tech evolution, is poised to reveal a new epoch in the metaverse sphere**. This landmark happening, taking place from **21-22 September in Paris**, assembles a global ensemble of trailblazers, disruptors, and tech enthusiasts. The summit's mission is to sculpt the metaverse's future, presenting breakthroughs in AI, mixed reality, and Web3 decentralization, melding state-of-the-art tech with limitless creativity to define future digital interactions.

As the metaverse garners global spotlight with its fusion of artificial intelligence, mixed reality, and Web3 decentralization, the Metaverse Summit steps in as an epicenter of exploration and partnership for industry mavens, innovators, and creative geniuses.

## AI and Mixed Reality Paving the Way for Metaverse Uprising

With recent strides in AI and mixed reality technologies, the foundation for a groundbreaking metaverse uprising has been laid. Intelligent virtual domains merging physical and digital realities unlock unparalleled opportunities for collaboration, creation, and interaction among individuals, businesses, and communities. Metaverse Summit 2023 offers an avenue to explore these avant-garde technologies and their amalgamation within the metaverse sphere.

<iframe width="1080" height="608" src="https://www.youtube.com/embed/XL-p6t1gPIg" title="Metaverse Summit 2023 Teaser: Bridging Realities, Igniting Imagination" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

## Venturing into the Infinite Capabilities of AI in the Metaverse

As AI matures, its significance within the metaverse escalates. From AI-powered virtual personas to intelligent algorithms that enrich user experiences, AI tech integration offers boundless potential in transforming the metaverse scene. At the summit, thought leaders and specialists will dissect the transformative influence of AI in virtual environments, user personalization, content creation, and social interactions, offering attendees a myriad of possibilities to explore.

## Mixed Reality Experiences Fostering Creativity in the Metaverse

The seamless merger of physical and digital realities through mixed reality experiences presents an unrivaled canvas for creativity within the metaverse. The summit will spotlight how mixed reality technologies empower creators, artists, and designers to revolutionize storytelling, immersive entertainment, and interactive experiences. Attendees will experience fascinating demonstrations, acquire insights into pioneering projects, and discover the potential of mixed reality in transforming the metaverse's creative landscape.

## Web3 Decentralization: Equipping Individuals in the Metaverse

Web3 decentralization, founded on blockchain technology, signifies a paradigm shift in digital ownership, governance, and interactions within the metaverse. The Metaverse Summit will delve into the potential of Web3 and decentralized finance (DeFi), underscoring the importance of enabling individuals to command their digital identities, assets, and experiences. Attendees will glimpse the disruptive potential of Web3 in crafting a fairer, user-focused metaverse.

<iframe src="https://www.linkedin.com/embed/feed/update/urn:li:ugcPost:6955886848518856704" height="945" width="504" frameborder="0" allowfullscreen="" title="Embedded post"></iframe>

## A Gathering of Industry Gurus, Innovators, and Visionaries

The Metaverse Summit 2023 is assembling a diverse, influential congregation of industry gurus, innovators, and visionaries. Esteemed speakers will provide their insights, experiences, and visionary outlooks on the future of the metaverse. Attendees will engage in lively discussions, idea exchanges, and establish meaningful connections with peers from varied sectors, encouraging collaboration and propelling the metaverse ecosystem onwards.

## Illustrious Speakers and Industry Leaders Deliver Engrossing Keynotes and Panels

The Metaverse Summit 2023 will host a roster of esteemed speakers who are authorities in their respective fields. These thought leaders will offer compelling keynotes, sharing their extensive knowledge and visionary outlooks on the metaverse's future. Interactive and stimulating panel discussions and fireside chats will offer attendees the chance to converse with industry titans, exploring an array of metaverse-related subjects from diverse perspectives.

## Stage for Budding Metaverse Startups

The Metaverse Summit 2023 proudly provides a platform for budding metaverse startups to demonstrate their innovative products and solutions. Attendees will experience the innovative concepts and groundbreaking technologies propelling the metaverse evolution. This platform offers startups a priceless opportunity for exposure and connection with potential partners and investors.

## Networking Opportunities to Encourage Collaboration

Recognizing the importance of networking and collaboration in fueling the metaverse ecosystem's growth, the Metaverse Summit 2023 will feature dedicated networking breaks and social events. These tailored sessions aim to facilitate connections among attendees, fostering professional network expansion and valuable partnership formation.

## Metaverse Summit: Welcoming a New Epoch

Under the theme "Metaverse New Era, Emerging Tech, and Creativity," the Metaverse Summit is set to redefine the metaverse landscape by integrating the latest advancements in AI, mixed reality, and Web3 decentralization. This influential convergence of industry leaders, innovators, and creative minds endeavors to shape future digital experiences, thrusting the metaverse into a new age of infinite possibilities.

<iframe src="https://www.linkedin.com/embed/feed/update/urn:li:ugcPost:6955886848518856704" height="945" width="504" frameborder="0" allowfullscreen="" title="Embedded post"></iframe>

**`To learn more about Metaverse Summit 2023 and secure your spot at this pivotal event, please visit the official website at `[`https://metaverse-summit.org/`](https://metaverse-summit.org/)`.`**

Be part of the digital transformation as AI, mixed reality, and Web3 take the stage at the Metaverse Summit 2023. Connect with the brightest minds and explore the limitless potential of the metaverse universe.

Metaverse Summit 2023: Discover the Future of AI, Mixed Reality, and Web3

Metaverse Summit 2023: Where Innovation Meets Imagination in the New Digital Era

The metaverse hasn't been faring particularly well recently, particularly since the rebranding of [Facebook](https://www.crunchbase.com/organization/facebook-ai) to [Meta](https://about.meta.com/) almost two years ago. However, the recent unveiling of [Apple’s Vision Pro](https://www.apple.com/apple-vision-pro/), priced at a humble $3,500, has refocused attention on the potential and future of this digital space.

Venture investments in metaverse startups, encompassing businesses in virtual reality (VR), augmented reality (AR), and the virtual world sectors, have seen a significant drop since Meta’s rebranding. According to Crunchbase, the sector experienced a dramatic 77% decrease in funding from Q4 2021 to Q1 this year. Current indications suggest that the upcoming quarter may not offer an improvement.

It's worth mentioning that 2021 was a record-breaking year for venture funding, marking a stark contrast to the current funding landscape. The venture market has witnessed a significant downturn since, with little sign of revival.

Funding amounts decreased from $2.2 billion in Q4 2021 to a mere $526 million last quarter, and the number of deals also saw a decline. Major deals such as Magic Leap's $500 million investment and Niantic's $300 million Series D funding have been absent this year.

This year's largest deal - $104 million for Impel, an AI-powered car buying platform utilizing AR features - is arguably tangential to the core concept of the metaverse.

The adoption of the metaverse has suffered setbacks beyond VC investments. For instance, [Microsoft](https://www.google.com/aclk?sa=l&ai=DChcSEwjU6vaLwM3_AhUvIQYAHbS3AooYABAAGgJ3cw&sig=AOD64_0h2rWA52vpTpwvl4ihCWNleYACBA&q&adurl&ved=2ahUKEwjbtuyLwM3_AhV__rsIHTnQCQ8Q0Qx6BAgNEAE) announced its decision to close AltspaceVR, a social VR platform acquired in 2017. Even Meta seems more invested in AI, the tech industry's latest trend, than its namesake, the metaverse.

Yet, Apple’s introduction of its Vision Pro has revived metaverse discussions. Apple's reputation for turning elusive concepts into tangible, user-friendly devices may well play a pivotal role in bringing the metaverse back from the brink.

It's crucial to remember that infrastructure for platforms like the metaverse can take years to establish, and during that time, fluctuations in the marketplace are inevitable.

Though the fate of the metaverse remains uncertain, Apple's massive market cap of nearly $2.9 trillion lends some hope. If any company can bring the metaverse to fruition, the makers of Mac may very well be it.

*Note: The information provided in this article is sourced from Crunchbase News*

A deep dive into the current state of metaverse investments, exploring the potential influence of Apple's latest unveiling, the Vision Pro, on the future of this digital space.

Apple's Vision Pro: A Beacon of Hope for the Metaverse?

Apple’s Vision Pro: A Potential Lifeline for the Dwindling Metaverse Investments?

The Crunchbase Unicorn Board welcomed ten fresh faces in May 2023, doubling April's count, yet trailing behind May 2022's substantial total of 34. These new unicorns were unveiled in an investment climate where leading unicorn investor, [Tiger Global](https://www.crunchbase.com/organization/tiger-global), contemplates offloading its private company stakes as unicorn portfolio evaluations continue to be revised downwards.

![](img/знімок-екрана-2023-06-18-о-20.05.57.png)

Of the ten additions, nine different industries are represented with AI claiming two spots at the top. The remaining unicorns each represent a distinct sector, including energy, biotech, robotics, enterprise SaaS, and transportation.

Half of the new unicorns originated from the U.S., with two emerging from China, while Canada, Indonesia, and Japan each contributed one. The month of May saw $5 billion of the total $22 billion global venture funding allocated to these unicorn companies, which is less than half of the $11 billion acquired by unicorns in May 2022. 

![](img/знімок-екрана-2023-06-18-о-20.06.14.png)

The biggest funding for the month was secured by [Shein](https://www.sheincorp.cn/), a fast-fashion e-commerce platform, raising $2 billion in one round at a decreased valuation of $66 billion.

***Here are the newcomers:***

## AI 

Toronto's [Cohere](cohere.com), an AI-based large language model creator for enterprises, raised $270 million in its Series C funding round, led by [Inovia Capital](https://www.inovia.vc/). This has valued the 4-year-old company at $2.2 billion. 

New York's [Runway](https://runwayml.com/), an AI firm specializing in generative video, secured $100 million in a Series D round led by [Google](https://thecymes.com/article/googles-bard-chatbot-made-a-factual-error-during-its-first-demo-the-mistake-cost-the-company-100-billion), achieving a valuation of $1.5 billion.

Another notable AI startup that warrants attention is IDvizer, a facial recognition technology provider striving to revolutionize business security solutions. Their latest offering, IDvizer's Fastest Face ID, is a B2B identity recognition platform that verifies end-users in less than a second, irrespective of the device in use. This product has made waves in the AI industry for its innovative approach to security and its ability to deliver unique user experiences across various fields. [Learn more about IDvizer and its Fastest Face ID in our previous article](https://thecymes.com/article/a-brand-new-way-for-businesses-to-verify-users-idvizer-builds-the-fastest-face-id).

## Energy 

[Ryefield Energy](https://www.fox-ess.com.cn/), a China-based battery energy storage firm, raised $140 million led by [Sparkedge Capital](https://www.crunchbase.com/organization/sparkedge-capital), reaching a valuation of $1.4 billion.

## Agtech 

[eFishery](http://efishery.com/), an Indonesia-based developer of IoT feeding devices and an e-commerce platform for aquafarmers, raised $108 million in a Series D round led by Abu Dhabi PE fund [G42 Expansion Fund](https://www.42xfund.com/), reaching a valuation of $1.3 billion.

## Cleantech 

Gradiant from Massachusetts, a company dedicated to aiding water-dependent enterprises in wastewater reduction and treatment, secured $225 million in a Series D round led by BoltRock Holdings and Centaurus Capital, thereby valuing the company at $1 billion.

## Enterprise SaaS 

Restaurant365, an Irvine, California-based restaurant management software firm, secured $135 million, hitting the $1 billion valuation mark. The funding round was led by private equity firms Kohlberg Kravis Roberts and L Catterton.

## Proptech 

New York-based Avenue One, a proptech firm providing a comprehensive service platform for rental property buyers, raised $100 million led by WestCap. This round valued the company at $1 billion.

## Transportation 

GO, Tokyo's premier ride-hailing app, secured $72 million in a Series D round led by Goldman Sachs, which valued the company at $1 billion.

## Robotics 

Zhiyuan Robotics, a Shanghai-based humanoid robot developer, raised a funding round led by Baidu Capital, achieving a $1 billion valuation. The exact amount raised remains undisclosed.

## Biotech 

Chicago's VectorBuilder, a firm specializing in gene delivery technology, completed a funding round that saw the company reach a valuation of $1 billion.

Correction: Cohere's funding round has been updated to $270 million and its valuation to $2.2 billion based on an updated funding announcement.

[The Crunchbase Unicorn Board](https://www.crunchbase.com/lists/exited-unicorns/9436a996-90a9-40bc-91c0-a7d239de07f1/organization.companies) is a curated list of privately-held unicorn companies valued at $1 billion or more, based on Crunchbase data. Additions are made as companies hit the $1 billion mark during funding rounds. Internal company valuations are not reflected, as these often differ and are usually lower than a priced funding round. Adjustments are not made for investor writedowns, which vary quarterly, as different investors may not consistently value the same company within the same quarter.

Please note that all funding values are in U.S. dollars unless specified otherwise. Foreign currency transactions are converted at the historic spot price even if they were added to Crunchbase long after the event was announced.

Illustration: Dom Guzman\
Photo by [Alex Rybin](https://unsplash.com/@alexrybin?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText) on [Unsplash](https://unsplash.com/images/animals/unicorn?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText)\
\
*Note: The information provided in this article is sourced from Crunchbase News, and presents an analysis of the emerging unicorns and investment trends in May 2023*

 Explore the dynamic shift in the unicorn landscape in May 2023, featuring an increase in AI startups, fluctuating venture funding trends, and diverse industry representation. Get detailed insights into the new unicorns' origin, industry, and valuation.

May 2023 Unicorn Expansion | AI Dominance & Global Venture Funding Insights

May's Double-Digit Unicorn Growth Highlights Two AI Players

CRYPTO HUNTERS TV SHOW 🌟 GLOBAL ONLINE CASTING NOW OPEN 🌟
JOIN THE HUNT AND SHOWCASE YOUR SKILLS ON THE FIRST-EVER CRYPTO ADVENTURE REALITY TV SHOW 🌟