Connect with us

Technology

74% of Americans say celebrating life’s big moments interferes with their financial well-being, Achieve survey finds

Published

on

Viral loud budgeting trend is reshaping how Americans participate in milestone events for friends and family, Achieve survey finds

SAN MATEO, Calif., July 17, 2024 /PRNewswire/ — Nearly three in four Americans (74%) find that the cost of celebrating major life milestones with their family and close friends affects their financial well-being. Yet most are loath to share their feelings and concerns with loved ones, according to the results of a new survey by Achieve, the leader in digital personal finance.

Achieve’s think tank, the Achieve Center for Consumer Insights, conducted the “Cost of Being There” survey to examine how consumers manage the expense of participating in major life milestone events like weddings, bachelorette/bachelor parties, milestone birthdays, baby showers and graduations. The research found that while most Americans believe participating in these events takes a toll on their financial well-being, less than half (48%) said they are comfortable citing financial reasons for declining to participate in these events.

How ‘being there’ affects financial well-being

Extremely impactful

10 %

Very impactful

20 %

Somewhat impactful

44 %

Not very impactful

17 %

Not impactful at all

9 %

How much does spending money to attend major life milestone events for friends and family affect your financial well-being? n=1,000 Source: Achieve Center for Consumer Insights

When asked how much pressure they feel to spend money attending milestone events for family and friends:

15% feel “extremely” or “very” pressured36% feel somewhat pressured49% said they experience little to no pressure to spend

Compared to older generations, younger Americans, including members of the Gen Z and Millennial generations, were both more likely to say they’re affected financially by participating in milestone events and more willing to share that reason with loved ones. As a result, 67% of Gen Z respondents said they’ve opted out of participating in a milestone event over the past three years because of the cost, compared to 47% of Millennials, 48% of Gen X and 30% of Baby Boomers.

The impact of loud budgeting

“You only have to look at the loud budgeting trend to see that younger Americans are generally more comfortable talking about their financial challenges than older generations,” said Sean Fox, President of Debt Resolution at Achieve. “Millennials came of age during the Great Recession, while their Gen Z peers watched their parents and families struggle through both the 2008 financial crisis and COVID-19 pandemic. So for many, these topics are less taboo because they’ve had a near-constant presence in their lives. Despite the benefits of creating and discussing budgets, the cost of attending oftentimes pricey events can have a lasting impact on finances.”

“Loud budgeting,” a money management technique recently popularized on social media, encourages individuals to be vocal about prioritizing their budgets and commitment to their financial boundaries or goals.

In examining the loud budgeting trend, Achieve found:

Overall, 44% of respondents have tried or currently practice loud budgetingThe trend is more popular among Millennials (48%) than Gen Z and Gen X (45% each) and Baby Boomers (37%).48% of women have loud budgeting experience, compared to 39% of men.Loud budgeting experience was nearly identical among respondents with household incomes of up to $50,000 (43%) and over $50,000 (44%).

Among respondents who currently practice or have tried loud budgeting, 67% of respondents said the people around them are generally supportive of their financial goals and 59% said others are willing to do less-expensive activities in order to spend time together. However, 29% of loud budgeters said they’ve been criticized or ridiculed for the practice and 10% don’t believe people in their lives respect the boundaries they set about spending. In addition, far fewer respondents said that loud budgeting has led to improvements in their physical health (35%) or love lives (24%).

Is loud budgeting effective?

Agree

Neutral

Disagree

Dating and romantic relationships have improved

24 %

54 %

22 %

I’ve been criticized or ridiculed about my loud budgeting habits

29 %

26 %

45 %

Loud budgeting has led to disagreements with friends and family or loss of friendships

31 %

24 %

45 %

I get invited to fewer activities with friends and family

34 %

35 %

31 %

My physical health has improved

35 %

43 %

22 %

I spend more time with friends and family

43 %

35 %

22 %

My mental health has improved

46 %

39 %

15 %

Loud budgeting has helped me reprioritize certain friendships and personal relationships

51 %

36 %

13 %

I do a better job saving money

55 %

31 %

14 %

People in my life are willing to do less expensive activities in order to spend time together

59 %

31 %

10 %

People in my life respect the boundaries I set about spending

63 %

27 %

10 %

Even with loud budgeting, sticking to financial goals is challenging

64 %

23 %

13 %

Loud budgeting makes it easier to stick to financial goals and make ends meet

64 %

27 %

9 %

People in my life are supportive of my financial goals

67 %

25 %

8 %

How much do you agree or disagree with the following statements about loud budgeting? n=437 Source: Achieve Center for Consumer Insights

How much is enough to spend on milestone moments?

So just how much are Americans willing to spend to attend milestone events, and are they ok taking on debt to pay for it? Achieve found that willingness to spend money or incur debt to take part in milestone events frequently comes down to relationships. Nearly half of Americans were more likely to spend over $500 on milestone events for their spouse/significant other, their dependent children and their adult children, including approximately 30% of survey respondents who said they’re willing to spend over $1,000 on the milestones of their immediate family members.

How much will we spend?

Total

$0

Up to
$500

$501 to
$1,000

$1,001 to
$5,000

Over
$5,000

Work colleagues

32 %

59 %

6 %

1 %

2 %

Other adult friends outside of your work and family

22 %

66 %

9 %

1 %

2 %

Members of your extended family

17 %

66 %

11 %

3 %

2 %

Your spouse or significant other’s close friends

25 %

57 %

11 %

4 %

3 %

Your best friend

13 %

65 %

14 %

5 %

3 %

Your spouse or significant other’s family members

16 %

58 %

15 %

8 %

3 %

Your siblings

13 %

59 %

16 %

8 %

5 %

Your parents

14 %

46 %

16 %

14 %

11 %

Your adult children

16 %

40 %

17 %

14 %

13 %

Your dependent children

15 %

39 %

17 %

14 %

15 %

Your spouse or significant other

10 %

40 %

19 %

13 %

17 %

How much money would you be willing to spend to participate in a major life milestone for the following people in your life? n=1,000 Source: Achieve Center for Consumer Insights

Achieve found that 79% of Americans typically need more than a month to save money or make other financial arrangements to attend milestone events, including 18% who said it typically takes over six months to prepare financially.

“Saving money ahead of time, rather than using credit cards and paying them off later, is a helpful strategy to mitigate the financial strain of attending milestone events because it can reduce or eliminate additional interest charges that can make an expensive event even more costly,” said Fox.

In addition to being willing to spend the largest amounts of money on the milestone events of their significant others and both young and adult children, respondents also said they were more willing to take on debt to cover these expenses. Conversely, respondents said they’re less interested in spending money on events for coworkers and the friends of their spouse or significant other.

Taking on debt to attend milestone events

0 %

1% to
25%

26% to
50%

51% to
75%

76% to
100%

Work colleagues

52 %

33 %

8 %

4 %

2 %

Other adult friends outside of your work and family

51 %

33 %

9 %

5 %

2 %

Members of your extended family

41 %

36 %

15 %

5 %

3 %

Your best friend

36 %

39 %

15 %

7 %

4 %

Your spouse or significant other’s family members

36 %

35 %

19 %

5 %

5 %

Your spouse or significant other’s close friends

44 %

30 %

15 %

6 %

5 %

Your siblings

31 %

37 %

19 %

8 %

5 %

Your parents

26 %

30 %

20 %

11 %

13 %

Your adult children

26 %

24 %

22 %

14 %

14 %

Your spouse or significant other

23 %

27 %

22 %

13 %

15 %

Your dependent children

21 %

23 %

24 %

14 %

18 %

How much of the amount that you would spend on milestone events would you be willing to take on as debt that takes more than one month to pay off? n=1,000 Source: Achieve Center for Consumer Insights

Methodology

The data and findings presented are based on an Achieve survey conducted in April 2024 consisting of 1,000 U.S. consumers ages 18 and older, and is representative of Census Bureau benchmarks of the U.S. population for age, gender, race and ethnicity.

About the Achieve Center for Consumer Insights

The Achieve Center for Consumer Insights is a think tank that leverages Achieve’s team of digital personal finance experts to provide a view into the state of consumer finances. In addition to sharing insights gleaned from Achieve’s proprietary data and analytics, the Achieve Center for Consumer Insights publishes in-depth research, bespoke data and thoughtful commentary in support of Achieve’s mission of helping everyday people get on the path to a better financial future.

About Achieve

Achieve, THE digital personal finance company, helps everyday people get on, and stay on, the path to a better financial future. Achieve pairs proprietary data and analytics with personalized support to offer personal loans, home equity loans, debt resolution and debt consolidation, along with financial tips and education and free mobile apps, Achieve MoLO (Money Left Over) and Achieve GOOD™ (Get Out Of Debt). Achieve has 2,500 dedicated teammates across the country with hubs in Arizona, California, Florida and Texas. Achieve is frequently recognized as a Best Place to Work.

Achieve refers to the global organization and may denote one or more affiliates of Achieve Company, including Achieve.com (NMLS ID #138464); Achieve Home Loans, Equal Housing Lender (NMLS ID #1810501); Achieve Personal Loans (NMLS ID #227977); Achieve Resolution (NMLS ID # 1248929) and Freedom Financial Asset Management (CRD #170229).

Contacts

Erica Bigley
Vice President
Corporate Communications
ebigley@achieve.com 415-710-9006

Austin Kilgore
Director
Corporate Communications
akilgore@achieve.com 214-908-5097

View original content to download multimedia:https://www.prnewswire.com/news-releases/74-of-americans-say-celebrating-lifes-big-moments-interferes-with-their-financial-well-being-achieve-survey-finds-302198875.html

SOURCE Achieve

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Vortex Companies Acquires Sancon Technologies

Published

on

By

Expanding Its Leadership in Water and Wastewater Infrastructure Solutions

HOUSTON, Jan. 10, 2025 /PRNewswire/ — Vortex Companies, LLC (Vortex), the nation’s fastest-growing provider of trenchless infrastructure solutions, is proud to announce its acquisition of Sancon Technologies, Inc. (Sancon). Headquartered in Huntington Beach, California, Sancon has been a trusted leader in structure and trenchless rehabilitation across California and Nevada, since 2012.

“Sancon has earned an outstanding reputation in our industry, driven by its strong management team and proven expertise,” said Mike Vellano, CEO of Vortex Companies. “As a long-time licensee of CIPP Corp and a user of Vortex UV technology, sewer robotics, epoxies, and geopolymer lining products, Sancon’s established presence on the West Coast makes them an ideal addition to the Vortex portfolio.”

Led by Chuck Parsons, Gary Drew, and Ryan Helmuth, Sancon’s management team brings decades of trenchless technology experience. “Joining the Vortex family allows us to access resources that were previously unavailable, broadening our service offerings,” said Chuck Parsons. “We’ve cultivated a strong relationship with Vortex over the years and look forward to expanding our comprehensive portfolio of solutions.”

This acquisition bolsters Vortex’s capabilities by adding decades of experience, specialized equipment, and long-standing customer relationships, further strengthening its presence on the West Coast. “The market demand for trenchless rehabilitation solutions continues to grow, particularly in the western states and the California market,” said Ryan Graham, COO of Vortex. “Sancon’s expertise aligns with our mission to deliver environmentally friendly and cost-effective infrastructure solutions to our customers.”

Financial terms of the transaction were not disclosed.

About Vortex Companies
Celebrating its 10th anniversary, Vortex Companies is a global leader in trenchless water and sewer infrastructure solutions. The company provides advanced technologies and turnkey services for municipal, industrial, and commercial systems. Operating from 27 locations worldwide, Vortex specializes in manhole and pipe rehabilitation, polymeric coatings, CIPP liners, sewer robotics, and high-speed drain cleaning tools. For more information, visit www.vortexcompanies.com.

About Sancon Technologies
Sancon Technologies provides trenchless rehabilitation of sewer and water structures through advanced coatings and custom-developed pipelining systems. With over 40 years of experience, Sancon has rehabilitated millions of square feet of sewer structures and several million linear feet of pipelines for over 100 public agencies. For more information, visit www.sancon.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/vortex-companies-acquires-sancon-technologies-302348213.html

SOURCE Vortex Companies

Continue Reading

Technology

Sensors for Smartphones Market to Grow by USD 809 Million from 2025-2029, Driven by Mobile AR Adoption and AI-Redefined Market Landscape – Technavio

Published

on

By

NEW YORK, Jan. 10, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global sensors for smartphones market size is estimated to grow by USD 809 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 2.7% during the forecast period. Increasing implementation of mobile ar applications by enterprises is driving market growth, with a trend towards emergence of sensor fusion technology. However, design complexity poses a challenge. Key market players include Alps Alpine Co. Ltd., ams OSRAM AG, Broadcom Inc., CEVA Inc., Fingerprint Cards AB, Fujitsu Ltd., Murata Manufacturing Co. Ltd., OmniVision Technologies Inc., Panasonic Holdings Corp., Qualcomm Inc., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., Sensirion AG, Shenzhen Goodix Technology Co. Ltd, Sony Group Corp., STMicroelectronics International NV, Synaptics Inc., and TDK Corp..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Price (Premium range, Medium range, and Low range) and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Alps Alpine Co. Ltd., ams OSRAM AG, Broadcom Inc., CEVA Inc., Fingerprint Cards AB, Fujitsu Ltd., Murata Manufacturing Co. Ltd., OmniVision Technologies Inc., Panasonic Holdings Corp., Qualcomm Inc., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., Sensirion AG, Shenzhen Goodix Technology Co. Ltd, Sony Group Corp., STMicroelectronics International NV, Synaptics Inc., and TDK Corp.

Key Market Trends Fueling Growth

The smartphone sensors market is experiencing significant growth, driven by trends in videos, standard smartphones, and mobile operating systems. New features such as augmented reality (AR) applications, artificial intelligence (AI) technology, and image stabilization are becoming essential for users. Sensors like accelerometers, gyroscopes, proximity, compass, barometer, and optical are commonly used in smartphones and wearable devices. Quality of experience is a key focus for smartphone manufacturers, with improvements in call quality, display, and battery life. The use of sensors in health monitoring applications, including heart rate monitors and blood pressure sensors, is also increasing. Industrial design and software development are crucial for integrating these sensors into smartphones and other electronic devices. Cyber security is a concern, with the potential for fake sensors and data collection posing risks. Overall, the market for smartphone sensors is expected to continue growing, driven by user purposes, networks, and new materials. 

Sensor fusion is a technology that combines data from multiple sensors in smartphones to deliver more accurate results. This includes data from gyroscopes, compasses, and accelerometers, which are used to calculate elevation, linear translation, gravity, direction, and rotation. Efficient interoperability between sensors is crucial, and sensor-fusion technology plays a vital role in achieving this. Vendors like Bosch Sensortec GmbH offer complete 9-axis fusion solutions, such as FusionLib, to enable sensors to work. These algorithm solutions enhance the overall performance and accuracy of smartphone sensors. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The smartphone sensors market is experiencing significant growth as sensors become increasingly integrated into various electronic devices. One challenge is ensuring compatibility with standard smartphones and mobile operating systems. Wearable devices and new features like AR applications require high-quality sensors for optimal user experience. Processors and communication technologies play a crucial role in data collection and transmission. However, concerns around fake sensors and cyber attacks pose threats to the market. For instance, fake fingerprint sensors or iris recognition can compromise user security. To address this, manufacturers focus on improving sensor quality and implementing advanced technologies like artificial intelligence and time-of-flight sensing. Smartphone sales continue to rise, driving demand for various sensors, including image sensors for cameras, pressure sensors for health monitoring applications, and proximity sensors for usability. Additionally, sensors in wearable devices like smartwatches, such as heart rate monitors and accelerometers, are gaining popularity. The use of sensors extends beyond smartphones to digital media players, remote monitoring systems, and even industrial design. New materials like steel and natural materials are being explored to enhance sensor performance and durability. As sensors become more sophisticated, they enable new applications, such as 5G smartphones, mobile gaming consoles, and surveillance systems. Overall, the smartphone sensors market presents significant opportunities for innovation and growth.The sensors for smartphones market faces a significant challenge due to the restricted board size in mobile devices. With the increasing integration of sensors like fingerprint and facial recognition, the need for more board space becomes a concern. Manufacturers aim to minimize the size of sensors’ ICs while maintaining their functionality and affordability. Continuous advancements in technology, such as shrinking circuit and chip sizes, offer potential solutions to this issue. However, ensuring uncompromised performance remains crucial for sensor manufacturers in this competitive market.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview

This sensors for smartphones market report extensively covers market segmentation by

Price1.1 Premium range1.2 Medium range1.3 Low rangeGeography2.1 APAC2.2 North America2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 Premium range- The premium smartphone market continues to evolve, with devices priced above USD400 featuring advanced technologies such as Human-Machine Interface (HMI) systems and AI. HMI technologies, including pattern recognition, gesture recognition, facial recognition, fingerprint recognition, and iris recognition, require sophisticated sensors and processors for functionality. In 2023, smartphones from leading brands like Apple and Samsung incorporate sensors such as air gestures, face ID, fingerprint, and iris sensors. The trend towards bezel-less screens is driving the adoption of in-display fingerprint sensors, while the integration of AI chips is facilitating the functioning of HMI technologies and increasing the number of sensors used in premium smartphones. These factors are expected to fuel growth in the premium smartphone sensors market during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 – 2023) 

Research Analysis

The Sensors for Smartphones market is witnessing significant growth due to the increasing demand for advanced features in mobile devices. Smartphone camera technology is a major driver, with sensors enabling improved image and video quality. Mobile app development is also benefiting from sensor integration, allowing for more interactive and personalized experiences. Health monitoring is another area of focus, with sensors enabling well-being monitoring and accessibility features. Mobile device security is also a priority, with sensors playing a role in biometric authentication and remote analysis. Smartphone trends include mid-level and high-end devices, mobile gaming, VR applications, and sensor-driven innovation. Sensor range includes temperature, humidity, light, proximity, and gyroscopic sensors. Smartphone usage statistics indicate that users prioritize battery life, mobile network performance, and mobile device compatibility. Sensor technology is also driving design trends, with slim designs and sleek aesthetics. Mobile payment solutions and sensor data ethics are also important considerations in the sensor industry. Mobile device repair and recycling are also growing areas of focus. Smartphone manufacturer strategies include segmentation, software updates, and pricing. Overall, the sensor industry is a key player in the innovation and development of smartphone technology. However, concerns around fake face recognition and sensor data privacy remain challenges to be addressed.

Market Research Overview

The sensors for smartphones market is witnessing significant growth due to the increasing demand for new features and improved quality of experience in standard smartphones and wearable devices. Mobile operating systems are continually integrating advanced sensors such as optical sensors, accelerometer sensors, gyroscope sensors, proximity sensors, compass, barometer, and time-of-flight sensing technology to enhance user experiences. New smartphone types, including 5G smartphones, are incorporating more sensors for AR applications, image stabilization, and EIS. Sensors play a crucial role in various applications, including digital media players, remote monitoring, smartphone sales, and health monitoring applications. Cyber attackers are also targeting sensors to gain unauthorized access, leading to the development of advanced security features such as fingerprint sensors, iris recognition sensors, and pressure sensors. The use of new materials, such as steel and natural materials, is also driving innovation in sensor technology. Overall, the sensors market for smartphones and wearable devices is expected to continue growing, driven by the increasing demand for smart devices and the integration of artificial intelligence and other advanced technologies.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PricePremium RangeMedium RangeLow RangeGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/sensors-for-smartphones-market-to-grow-by-usd-809-million-from-2025-2029-driven-by-mobile-ar-adoption-and-ai-redefined-market-landscape—technavio-302346953.html

SOURCE Technavio

Continue Reading

Technology

UGREEN Unveils Groundbreaking AI NAS with Built-In LLM at CES 2025

Published

on

By

LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — UGREEN, a leading innovator in consumer electronics, made waves at CES 2025 with the unveiling of pioneering AI NAS solutions and other cutting-edge products. Under the launch event theme of “Activate the Possibility of AI NAS” on January 8th. UGREEN showcased the world’s first AI NAS with a built-in Large Language Model (LLM), as well as the ultra-powerful Nexode 500W GaN charger and an industry-leading Thunderbolt™ 5 docking station.

UGREEN inked a strategic partnership deal with Intel in 2023, paving the way for the launch of the UGREEN NASync DXP series of NAS products in 2024. This series proved to be a resounding success, and UGREEN is now well-established as a top competitor in the NAS space.

In 2025, UGREEN’s strategic partnership with Intel has now shifted its focus to the exciting new frontier of AI NAS. Following close collaboration, this has now led to the unveiling of the next generation of AI-powered smart storage. The stars of the show at CES were the groundbreaking UGREEN NASync iDX 6011 and 6011 Pro models, introduced by UGREEN North America NAS Manager, Hernan Lopez. A world-first, the iDX series is the inaugural AI NAS solution with a built-in Large Language Model (LLM), delivers exceptional performance, revolutionizing intelligent network-attached storage. The NASync iDX6011 is equipped with the new generation Intel® Core™ Ultra 5 Processor 125H, featuring 14 cores, 18 threads, and a turbo frequency of 4.5GHz. Its AI capabilities are exceptional, with three major AI engines: CPU, GPU, and NPU. This makes it highly efficient across a variety of AI application scenarios.

“Alongside the momentum of AIPC, NAS has the unique opportunity to bring AI to every home,” states Sam Gao, Vice President & General Manager of Intel Client Computing Group China. “Intel® Core™ Ultra 200 Series Processors fit the AI workloads very well which can significantly benefit new AI NAS solutions. Intel is collaborating closely with Ugreen to drive consumer friendly use cases and unleash the future of NAS.” 

UGREEN showcased the impressive AI capabilities of the iDX series, including an AI Photo Album that intelligently recognizes text and objects, supports semantic search, and allows custom learning to create user-defined categories. Notably, UGREEN’s integrated AI LLM, the world’s first local-based LLM for NAS, powers features such as natural and intuitive AI chat, file tag generation, and automated meeting minutes creation.

Other innovative offerings include the UGREEN Revodok 1231 Thunderbolt™ 5 docking station which offers 80 Gbps bidirectional bandwidth and an enhanced mode supporting up to 120 Gbps. The Nexode 500W GaN 6-port desktop charger is the world’s first 500W gallium nitride model, featuring 240W single-port charging up to 48V for high-performance laptops and e-bikes, with intelligent multi-port power allocation.

Following the unveiling, a media roundtable was held featuring Intel’s NAS and Thunderbolt Marketing Director Larry Blackburn, Western Digital’s HDD Marketing Director Brian Mallari, NAS expert Robert Andrews of NASCompares, and UGREEN NAS Product Manager Markus Xie. The group discussed the practical applications of AI-powered NAS, UGREEN’s collaboration with Intel, and concerns regarding security and privacy in the AI landscape.

More than 30 media and industry experts attended the event, praising it for offering valuable insights into AI advancements in the NAS sector and fostering innovation within the industry.

With its groundbreaking AI NAS solutions and other innovations, UGREEN is shaping the future of smart storage and redefining the role of AI in consumer electronics. By pushing the boundaries of what network-attached storage can achieve, UGREEN is driving progress and setting new standards across the industry.

©Intel Corporation. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

About UGREEN

Since 2012, UGREEN has been dedicated to creating innovative electronic devices and accessories that are both technologically advanced and affordable for consumers. Its user-focused approach lies at the core of the brand, which has earned the trust of over 200 million users globally. Lately, the brand has expanded into innovative new fields, including AI-powered NAS solutions, further enhancing its commitment to meet evolving consumer needs.

For more information, please contact: pr@ugreen.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ugreen-unveils-groundbreaking-ai-nas-with-built-in-llm-at-ces-2025-302348252.html

SOURCE UGREEN GROUP LIMITED

Continue Reading

Trending