What’s New Today: AMD, Cisco, and Saudi AI firm Humain have formed a joint venture to launch a 100 MW AI data center, securing generative video startup Luma AI as its first full-capacity client. Plans are underway to scale to 1 GW by 2030 with AMD’s MI450 AI chips and Cisco infrastructure.
Fast-Track Insights: Genspark raises $275 million in Series B funding, valuing the company at $1.25 billion. The startup launches its AI Workspace suite, featuring over six tools and 150+ in-house automation models, transforming productivity for enterprises.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day’s top stories, from AMD and Cisco’s Saudi AI data-center launch to Genspark’s $275 M funding round, along with key insights in workforce trends, next-gen AI research, and the ongoing crypto market collapse.
Advanced Micro Devices, Cisco, and Saudi AI firm Humain have formed a joint venture to build a 100 MW data‑centre in Saudi Arabia — its first customer being generative‑video startup Luma AI, which has contracted the full capacity. The companies plan to scale up to 1 GW by 2030, with AMD supplying MI450 AI chips and Cisco providing infrastructure.
Genspark has secured $275 million in a Series B round, valuing the company at $1.25 billion. Backed by Emergence Capital, SBI, LG Technology Ventures and more, the startup has pivoted from search to its newly launched Genspark AI Workspace, a suite of over six tools — from natural‑language spreadsheets to content design, powered by 30+ models and 150+ in-house automation tools.
In the 2025 graduate job market, AI now writes applications and screens them — leaving students locked in a feedback loop of algorithms talking to algorithms. At King’s College London, students say perfect AI‑polished CVs have become baseline, making genuine individuality hard to spot. With junior roles shrinking, companies and graduates are forced to reframe their value around soft skills.
Yann LeCun, Meta’s Chief AI Scientist, has resigned after 12 years to launch a new company focused on Advanced Machine Intelligence. His startup aims to build human‑like AI that can reason, plan complex actions, and understand the physical world. While some research will overlap with Meta’s goals, much will go beyond its current projects — and Meta will remain a partner.
Crypto Carnage 2025: The crypto market suffered a massive blow as Bitcoin collapsed to a seven‑month low, wiping out over $1 trillion in industry value and squeezing retail investors and crypto firms alike. Disappointment over delayed Federal Reserve rate cuts and decreased institutional adoption battered sentiment, with analysts now watching critical support levels amid heightened market fragility.