What’s New Today: Pharmaceutical giant Eli Lilly joins hands with NVIDIA to create a powerful AI supercomputer that could fast-track new medicine development.
Fast-Track Insights: Sequoia Capital has launched a massive $950 million fund to back early-stage and seed startups focused on next-gen innovation.
Here’s a quick rundown of today’s biggest tech headlines, from the Lilly-NVIDIA AI partnership to Sequoia’s bold new investment strategy.
Pharmaceutical company Eli Lilly and Company is partnering with tech firm NVIDIA Corporation to build a cutting-edge AI supercomputer to accelerate drug development. The system will train sophisticated AI models to analyse millions of experiments and molecular compounds, helping Lilly shorten timelines, enhance research efficiency, and bring new medicines to patients faster.
Sequoia Capital has launched a combined $950 million fund comprising a $750 million early-stage vehicle and a $200 million seed fund to support next-generation startups. The move follows recent setbacks, including a considerable investment loss and a regional split, yet the firm says it’s returning to its roots of backing founders early and being hands-on.
A recent article reports that around 1.2 million recent graduates in the U.K. are vying for roughly 17,000 open roles, creating extreme competition and highlighting how the job market is tightening. It shows how shifting labour demand, rising automation, and a mismatch between education and available work are combining to place many young people in a precarious position.
The article shows the different approaches that one can take with ChatGPT to help find and correct mistakes in Google Sheets, such as formula errors, incorrect formatting and repetitive tasks. By letting ChatGPT know the problem, it comes up with solutions and even offers script-based automation for cleaning up your spreadsheets, making it easier for you to keep accurate, well-organized data.
A report from the Enforcement Directorate states that Chinese nationals have become the leading operators behind illegal crypto- and instant-loan-app schemes in India, identifying proceeds of around Rs. 28,000 crore. These raids revealed that Indian associates ran on-the-ground operations for China-based syndicates, using fintech platforms, shell companies, and foreign payment gateways. Victims across more than 20 states were charged 30-40 % upfront fees and sometimes blackmailed if they couldn’t repay.