What’s New Today: Nvidia-backed Upscale AI has launched a platform to connect chips from different suppliers. India’s RDI Fund is preparing to shortlist venture capital firms and research organisations, while AI automation continues to affect entry-level jobs and hiring trends.
Fast-Track Insights: Tech companies are cutting some jobs while hiring for AI and data roles. Meanwhile, crypto experts remain divided over whether advances in AI could pose a serious threat to encryption and digital asset security.
Here’s a quick roundup of the biggest headlines making waves today. Let’s dive into the latest developments in AI infrastructure, India’s deeptech funding, graduate employment, tech hiring, and crypto security.
Nvidia-backed Upscale AI has launched Token Fabric, a platform connecting AI chips from different suppliers in data centres. It aims to reduce delays, improve chip use, and help cloud providers manage growing AI workloads, with a phased rollout through 2027.
India’s Rs. 1 lakh crore RDI Fund expects to shortlist over a dozen venture capital firms and research organisations by October-end. With 163 applications received, the initiative aims to boost private investment in deeptech research, innovation and commercialisation across India.
Indian graduates face fewer entry-level job opportunities as AI automates routine tasks. Hiring at major IT firms, including TCS and Infosys, has slowed. Companies increasingly seek specialised AI skills, leaving freshers struggling to gain experience and secure their first jobs.
Tech firms are cutting jobs while hiring for AI, data, and platform roles. With AI washing masking some business issues, entry-level workers face growing pressure. Reskilling, honest communication, and careful workforce planning are key to managing this shift.
Ethereum researcher Justin Drake warned that AI-driven mathematical breakthroughs could weaken crypto encryption within months. Coinbase’s Yehuda Lindell dismissed the warning, while Dragonfly’s Haseeb Qureshi supported caution. Vitalik Buterin urged preparedness but warned against rushed wallet migrations.