Hello everyone! Here is your quick roundup of today’s biggest developments across semiconductors, energy AI, graduate hiring, crypto fraud and AI chips.
What’s New Today: Five stories are shaping the tech and business landscape today. PM Modi has inaugurated CG Semi’s chip assembly and test plant in Gujarat. German startup 1Komma5Grad has raised new funds at a USD 1.35 billion valuation. Singapore has warned that AI is cutting demand for graduate jobs. Telangana police have arrested two people in a crypto investment fraud. Amazon is reportedly in talks to buy AI startup Decart.
CG Semi plant: PM Narendra Modi inaugurated CG Semi’s Outsourced Semiconductor Assembly and Test (OSAT) plant in Sanand, Gujarat. Union Minister Ashwini Vaishnaw and Gujarat Chief Minister Bhupendra Patel attended the event, along with global tech leaders.
Modi’s message: He called the plant the next step in India’s electronics revolution, which has already made the country the world’s second-largest mobile phone maker. He said the facility will strengthen the domestic chip ecosystem, boost self-reliance and raise India’s place in the global semiconductor value chain.
1Komma5Grad: The German unicorn was valued at USD 1.35 billion in its latest financing round. The startup will invest more than 100 million euros (USD 111.90 million) in its energy AI, called Heartbeat, in 2027. The company calls itself a home electrification firm, and Heartbeat aims to automate energy trading, billing and metering.
Singapore on AI and jobs: Shanmugaratnam told the IMF and World Bank annual meetings in Bangkok on Monday that policymakers must act fast. He said demand for first jobs after graduation is falling, as Reuters reported. He added that the evidence is already clear in sectors most exposed to AI.
Crypto fraud arrests: The Adilabad One Town police arrested two key accused in a crypto investment fraud involving a six-member inter-State gang. They seized two mobile phones and documents linked to two properties. The gang is suspected of cheating around 500 people across Telangana and Andhra Pradesh, with losses estimated at Rs. 10 crore.
How the scam worked: Adilabad Superintendent of Police Akhil Mahajan said the accused used a Ponzi scheme and a multi-level marketing network run through a website. They promised to double investments within two years.
Amazon and Decart: Amazon is reportedly in talks to buy Decart for around USD 7 billion. The deal could help Amazon Web Services run AI models more efficiently on its own chips. Decart is best known for its NVIDIA-backed Lucy model, which edits videos in real time, and for Oasis, a tool that builds virtual worlds to test robots and self-driving systems. The talks are still on, and neither side has commented.
Prime Minister Narendra Modi today inaugurated CG Semi’s state-of-the-art Outsourced Semiconductor Assembly and Test (OSAT) plant in Sanand, Gujarat. The event was attended by Union Minister Ashwini Vaishnaw and Gujarat Chief Minister Bhupendra Patel, along with global tech leaders. Addressing a large gathering, Prime Minister Modi emphasized that this development is the next step in India’s massive electronics revolution, which has already established the country as the world’s second-largest mobile phone manufacturer. He said the CG Semi OSAT facility in Sanand will strengthen the domestic chip manufacturing ecosystem, boost technological self-reliance, and elevate India’s position in the global semiconductor value chain.
German unicorn 1Komma5Grad was valued at $1.35 billion in its latest financing round as it ramps up investments in its energy AI business. The startup said it will invest more than 100 million euros ($111.90 million) in its energy AI, named Heartbeat, in 2027.1Komma5Grad, which defines itself as a home electrification company, aims to automate processes such as energy trading, billing, and metering.
As reported by Reuters, Shanmugaratnam tells the IMF and World Bank annual meetings in Bangkok on Monday that policymakers need to move quickly to tackle a decline in demand for first jobs after graduation. He says a specific problem needs urgent attention: the first rung of employment is now seeing less demand. He adds that the evidence is already clear, especially in the sectors most exposed to artificial intelligence.
The Adilabad One Town police arrested two key accused in a cryptocurrency investment fraud involving a six-member inter-State gang on Sunday. Police seized two mobile phones and documents related to two properties allegedly linked to the accused. The gang is suspected of having cheated around 500 people across Telangana and Andhra Pradesh, with the alleged fraud estimated at ₹10 crore, the police said. Adilabad Superintendent of Police Akhil Mahajan said the accused allegedly lured people into investing through a Ponzi scheme and multi-level marketing network operated via a website, promising to double their investments within two years.
Amazon is reportedly in talks to buy AI startup Decart for around USD 7 billion. The deal could help Amazon Web Services (AWS) run AI models more efficiently on its own chips. Decart is best known for its NVIDIA-backed Lucy model, which can edit videos in real time. The startup has also built Oasis, a tool that creates virtual worlds for testing robots and self-driving systems. According to the reports, the acquisition talks are still underway and no deal has yet been finalized. Both parties are silent about the deal.