What’s New Today: AI chips are now the biggest power symbol in tech, shaping global competition and innovation.
Fast-Track Insights: Snabbit has raised $56 million in a Series D round, taking its total funding to $112 million for expansion.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from AI chip dominance to Snabbit’s latest funding boost and more.
AI chips are becoming very important in the tech industry. Big companies like Nvidia are leading, but others are catching up fast. Countries also want control over these chips. Today, having strong AI chips means more power in technology and business.
Snabbit has raised $56 million in a Series D funding round from investors like Susquehanna, Mirae Asset, and Bertelsmann. The company will use the money to expand into new cities and services and improve its operations. Total funding has now reached $112 million.
Salesforce CEO Marc Benioff said the company will hire 1,000 graduates and interns to work on AI projects. This comes as many tech companies are cutting jobs due to AI. The move shows companies still need fresh talent with new skills.
Elon Musk says Sam Altman has gone against OpenAI’s original goal of helping people, not making profit. Musk has filed a case and asked for big damages. OpenAI denies this and says Musk knew about the changes and is now upset due to business rivalry.
Mastercard is growing its business by using AI and adding crypto features to payments. This could help it grow in the future. However, experts are worried about its high debt, strong competition, and whether these new ideas are enough to support its current stock price.