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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Uma Rajagopal

    Posted on June 10, 2024

    Featured image for article about Top Stories

    Nokia CEO makes world’s first ‘immersive’ phone call

    By Supantha Mukherjee

    STOCKHOLM (Reuters) – Nokia CEO Pekka Lundmark made a phone call using a new technology called “immersive audio and video” that improves the quality of a call with three-dimensional sound, making interactions more lifelike, the company said on Monday.

    “We have demonstrated the future of voice calls,” said Lundmark, who was also present in the room when the first 2G call was made in 1991.

    Current smartphone calls are monophonic which compresses audio elements together and sound flatter and less detailed, but the new technology will bring 3D audio where a caller will hear everything as if they were there with the other person.

    “It is the biggest leap forward in the live voice calling experience since the introduction of monophonic telephony audio used in smartphones and PCs today,” said Jenni Lukander, president of Nokia Technologies.

    The call was held with Stefan Lindström, Finland’s Ambassador of Digitalisation and New Technologies.

    “This is now becoming standardised … so the network providers, chipset manufacturers, handset manufacturers can begin to implement it in their products,” Lukander said in an interview.

    Nokia made the call using a regular smartphone over a public 5G network.

    Apart from person to person immersive calls, this can be used in conference calls where voices of participants can be separated based on their spatial locations, said Jyri Huopaniemi, head of audio research at Nokia Technologies.

    A vast majority of smartphones have at least two microphones with which this technology can be implemented by transmitting in real time the spatial characteristics of a call, the executives said.

    The technology is part of the upcoming 5G Advanced standard and Nokia aims to get licensing opportunities with the technology which would likely take a few years to be available widely.

    (Reporting by Supantha Mukherjee in Stockholm, Editing by Louise Heavens)

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