What’s New Today: Apple’s latest M5 chip, built on 3nm tech, boosts AI performance by 4x and graphics by 30%, hitting devices next week.
Fast-Track Insights: OpenEvidence, the “ChatGPT for doctors,” raises $200M, reaching a $6B valuation, planning global AI expansion in healthcare.
Here’s a quick rundown of the biggest tech headlines today. Let’s dive into stories from Apple’s M5-powered launch to UK graduate tech job cuts, AI Gmail tools, and crypto mining restrictions in British Columbia.
The M5 chip from Apple, which uses a third-generation 3nm process, makes significant improvements in all its devices. It has a 10-core CPU and GPU, with each core of the GPU having its own Neural Accelerators, thus, increasing AI performance up to four times over the M4 chip. The graphics performance is improved by 30% and the memory bandwidth is increased to 153GB/s, which makes multitasking and hard tasks more straightforward to handle.
OpenEvidence, known as the "ChatGPT for doctors," has raised $200 million in a funding round led by Google Ventures, elevating its valuation to $6 billion. The platform, trained on medical journals like JAMA and NEJM, helps clinicians in getting evidence-based insights very fast. OpenEvidence with over 15 million monthly consultations and usage in 10,000+ medical centers, aims to become a global player and further develop multimodal capabilities which include medical imaging analysis.
In the UK, the technology sector is going to cut the number of graduate positions available severely, a 46 percent decrease is expected this year and a 53 percent drop next year. AI is doing routine tasks like coding and data analysis, thus companies are not hiring entry level workers and are concentrating on experienced professionals. This trend has the potential of creating skill gaps in the long run even though the demand for tech skills is on the rise.
The government of British Columbia has issued a new law to stop new cryptocurrency mining connections to the hydroelectric grid permanently. This is done to tackle the record-high electricity demand and give the power supply priority to the natural gas, LNG, and AI data centers sectors. The authorities consider crypto mining's unequal energy use and minimal economic gain to be the main arguments for the prohibition.
British Columbia has introduced legislation to ban new cryptocurrency mining connections to its hydroelectric grid permanently. This move aims to address unprecedented electricity demand and prioritize power availability for sectors like natural gas, LNG, and AI data centers. The government cites crypto mining's disproportionate energy consumption and limited economic benefit as reasons for the ban.