"I'm not saying that everybody is going to love and insist that they have a brain computer interface," Newell notes. He told 1 News that BCIs could be used to stimulate physical and mental pain and that it will be up to consumers if they want to adopt the technology or not, given the potential risks. Play Valve isn't planning to launch a consumer BCI headset anytime soon due to the speed of research, and Newell is certainly conscious of the dangers of this technology going forward. Similarly, BCIs may provide a means to fight VR Vertigo, which is one of the key stumbling blocks for the medium. "The real world will seem flat, colourless, blurry compared to the experiences you'll be able to create in people's brains." Newell suggested that early applications of this technology could come in the form of an app to improve sleep, where users can choose how much REM they need for the night and commit the signal to their brain. "The real world will stop being the metric that we apply to the best possible visual fidelity," Newell tells 1 News. He distinguishes this technology as a medium of experience that is far more potentially immersive than the "meat peripherals" like our eyes and ears can provide. One example is "turning up the difficulty a bit if the system realises the player is getting bored." Newell goes further, adding that BCIs could be used to 'write' information into the player's brain, from changing feelings, to even helping you feel as though you actually are a different individual. With BCIs able to interpret if a player is "excited, surprised, sad, bored, amused and afraid", games could programmed to adjust for what the player is experiencing.
The deal is expected to close next year in the second quarter, subject to regulatory approval.Play Newell is particularly interested in the idea of using BCIs to enhance immersion and personalise interactive experiences such as video games. TCF’s Torgow will become chairman of the board. Under the agreement announced Monday, Huntington’s Steinour will become chairman, president and CEO of the combined holding company and CEO of the bank operations. Earlier this year, Pennsylvania’s PNC Financial Services Group Inc. The first big deal came last year between BB&T and SunTrust, which merged together to become Trust Bank. The Huntington-TCF merger is the latest deal among regional banks, who have looked to get bigger and more competitive against the Wall Street titans like JPMorgan Chase, Citigroup and Bank of America. “We are going to be much better together,” said Huntington Bank CEO Steve Steinour, noting that Huntington, along with new markets, would also get access to TCF’s equipment finance business and inventory finance businesses. The bank, like many others, has had to restructure its operations to allow its thousands of employees to work remotely.Īlong with going into Detroit, the merger will give Huntington access to markets like Denver and the Upper Midwest. Huntington is among the largest participants in the Paycheck Protection Program, the government fund that provided loans to small businesses to help meet payolls during the pandemic and avoid layoffs.
The consumer front of the combined bank will will be based in Columbus, Ohio, Huntington’s home town.
“We wanted to remain Detroit’s hometown bank,” said TCF Financial CEO Gary Torgow, in an interview.
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