Connect with us

Politics

3D-Printed Vegan Meat is Going to Conquer the Competition

Published

on

Plant based Meat


If you were to have asked someone back in 2012, what market would have an estimated value of close to U.S. $8 billion in 2022? No one would have guessed that value would be placed on plant-based meat! But according to Business Wire, the global plant-based meat market is today worth a whopping U.S. $7.9 billion and is projected to hit U.S. $15.7 billion by 2027.

Like any gold rush, there will be winners and losers in the struggle to provide products for a fast-increasing demand for plant-based meat products. You may have even given one of the various vegan meat options a try, and if so, there’s a good chance you found it decent, but not mouth-watering.

Why the Technology of 3D-Printed Vegan Meat is Going to Conquer the Competition!

There are new creations out there that are poised to shake up the entire industry. We’re talking about products that blend high-tech AI with a good deal of innovation and even a 3D printer. Companies have begun to print 3D vegan meat — and it’s wiping the floor with the competition.

What is Printed 3D Vegan Meat?

The simplest way to explain it is that this high-tech 3D-printed meat actually tastes like meat. Many companies have made claims about their soy or bean-based concoction that — when tested by the public — fail to live up to the hype.

There are some very decent meat substitutes currently available. But it’s highly unlikely a carnivore would mistake one of those products for animal protein. And it would be rare for a dedicated meat eater to order a vegan substitute simply because it tastes really good. But change is coming — fast.

There’s something about animal meat that makes it special. It has a unique texture and “mouthfeel,” things that many assumed were impossible to genuinely recreate in vegan form.

They were wrong.

With 3D printing, various textures can be layered into different places of, say, a vegan beef steak. You can have a little plant-based fat in one part, while another can be tougher or more sinewy, like “real” meat. The layered textures are part of the genius of 3D-meat.

Using the 3D-Printed Method. Image Credit: Marcia Salido; Pexels; Thank you!

Don’t be surprised to see 3D-printed meat on store shelves over the next year as startups creating it is ramping up production and getting ready for their moment in the sun. And the timing couldn’t be better. As we noted at the start of the article, over the next five years, the market for plant-based meat is set to explode.

Especially in Europe, which is the largest region where vegan trends are growing at rates that can fairly be described as exponential. And while there is a growing vegan and flexitarian movement worldwide spurred by growing awareness of health. Regarding the environment and animal welfare, Europe has a head start and a relatively affluent population.

Consumption of Plant-Based Meat

The rest of the world is catching up, however – with even governments now getting into the game by offering incentives to meat and dairy alternative manufacturers. Plus, major food producers are investing serious funding into plant-based meat and dairy substitutes (even in meat-loving Asia!), as they can see the handwriting on the wall, so to speak.

It’s admittedly a little hard to imagine right now, but the possibility exists that in 2027 North America could take the crown as this new technology finally makes faux meat fabulous…and meaty.

Using AI algorithms and teams of tasters and even butchers and chefs, startups printing 3D meat have unlocked the secret to winning formula. These high-tech vegan meat products look, smell, taste, and even ‘cook’ like animal meats.

It’s all rather astonishing. And, when one considers that AI is by definition, always learning to get better. It’s staggering to think what might be available a year or two down the road, not to mention a decade.

Effects After Covid-19

Just before Covid-19 hit the world (and made a lot of people start thinking about what they eat and how to eat healthier), there was a flurry of interest in vegan alternatives, but in recent months we’ve seen some pushback, with headlines asking if vegan meat has “already peaked.”

The answer is yes and no. Yes, in that “old-school” meat alternatives have hit a wall despite being available at major fast-food chains and in nations. In places not known as vegan meccas, people have tried various versions of ‘fake meat,” and the verdict has been “meh.”

Using 3D-Printed Meat Alternative
Using 3D-Printed Meat Alternative

But the answer to “Has Vegan Meat Already Peaked?” is a huge “NO!” Especially if we’re talking about the high-tech vegan 3D-printed kebabs, ground beef, and even steak that’s been making the rounds in the news and getting stellar reviews from avowed meat lovers and even celebrity chefs.

The venture capitalists betting on this “new meat” will be vindicated, and those who were too shortsighted to spot a trend will wish they’d gotten in early on this cash-cow (excuse the pun).

To use an analogy, what if people had based their judgments on the future of the electric vehicle industry after taking a ride on an electric-assisted bicycle? Such bikes are ‘nice’ but hardly revolutionary, and they certainly don’t represent the high-tech parts of the e-transportation sector.

Made after half a decade of research and backed with massive infusions of investor cash, 3D printed meat. An entirely new species is on its way to eliminating the competition, as it actually tastes like meat. Something others have promised but failed to deliver.

Featured Image Credit: Vidal Balielo Jr.; Pexels; Thank you!

Ahsan Raza

I am Cofounder of newsawares and dottrusty that are news tending website’s. I am also works with SaaS, Fintech and established E-commerce companies to help create and execute a content marketing strategy built around your goals.

Politics

Fintech Kennek raises $12.5M seed round to digitize lending

Published

on

Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

Continue Reading

Politics

Fortune 500’s race for generative AI breakthroughs

Published

on

Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

Continue Reading

Politics

UK seizes web3 opportunity simplifying crypto regulations

Published

on

Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

Continue Reading

Copyright © 2021 Seminole Press.