Good morning, tech fam; here are some quick tech updates for you to catch on to!
What’s New Today: Apple is planning to launch its own AI server chips later this year to boost AI performance and gain more control over hardware.
Fast-Track Insights: Kairon Capital has launched a Rs. 200 crore fund, raised Rs. 90 crore so far, and plans to invest in 14–15 early consumer startups.
Here’s a quick rundown of the biggest tech headlines making waves today. Let’s dive into today’s top tech stories, from Apple’s AI chip plans to new funding, AI hiring, leadership changes, and crypto policy delays.
Apple is planning to launch its own AI server chips later this year. These chips will help run artificial intelligence tasks more smoothly and faster. The move shows Apple wants more control over its technology instead of depending on other chip makers. The company is also expected to improve its data centers to support AI services and future products.
Kairon Capital, a new venture capital firm, has launched its first fund of Rs. 200 crore, including a Rs. 50 crore extra option. The firm was started by Deepankur Malhotra, who earlier worked with Amazon India. Kairon Capital has already raised Rs. 90 crore. It plans to invest in 14 to 15 early-stage consumer startups and will put Rs. 2 crore to Rs. 14 crore in each company.
McKinsey has started testing an AI chatbot in the early stage of graduate recruitment. The chatbot chats with applicants and asks simple questions to understand their skills and thinking. This helps the company handle many applications faster. Human recruiters still review the answers later. The chatbot only supports early screening and does not make final hiring decisions.
Thinking Machines Lab lost two of its co-founders, including its chief technology officer, as they left to rejoin OpenAI. The company’s CEO named Soumith Chintala as the new CTO to lead its tech work. The move shows fast shifts in leadership at the young AI startup less than a year after it began and after big funding.
The U.S. Senate Banking Committee paused a planned discussion on a new crypto law after Coinbase CEO Brian Armstrong said the bill has “too many issues” and withdrew support. The draft law would set rules for digital assets and who oversees them. Without Coinbase’s backing, the bill’s future is uncertain, though lawmakers will keep talking.