What’s New Today: Apple Surprises with AI Chip Partner, Snubs Amazon
Fast-Track Insights: VergeCloud Raises $3M, Enters Indian Tech Market
Here’s a quick rundown of the biggest tech headlines making waves today. From the Apple Surprises with AI Chip to ACKO Hiring Graduates, let’s dive into the top tech stories of the day.
Apple is expanding its AI ambitions by partnering with Broadcom to develop its in-house AI server chip, codenamed Baltra, expected for mass production by 2026. This move builds on their 2023 multibillion-dollar 5G component deal. The new chip will enhance Apple’s AI capabilities, supporting tasks like machine learning and natural language processing. While Apple previously relied on suppliers like TSMC and Micron, it is now shifting focus to proprietary chip production, aiming to rival Nvidia in the AI chip market. This strategic initiative positions Apple to strengthen its AI platform and secure a competitive edge in the rapidly evolving tech landscape.
VergeCloud, a cloud technology startup, has entered the Indian market with a $3 million funding round focused on sales and marketing to support its go-to-market efforts. The company offers solutions including a Content Delivery Network (CDN), cloud security systems, DNS management, DDoS mitigation, and edge computing infrastructure, targeting industries like media, OTT, e-commerce, and EdTech. VergeCloud aims to simplify cloud adoption and enhance IT ecosystems by improving website performance, data security, and cloud migration. CEO Saurabh Bhardwaj emphasizes the company’s mission to provide scalable and secure solutions, helping businesses navigate a data-driven digital economy with competitive tools.
Acko is hiring an Analytics Manager at its Bangalore location to lead a team of Data/Business Analysts. Responsibilities include designing performance metrics, solving business problems through analytics, and ensuring consistent data management. The role requires a Bachelor’s degree in Engineering, Statistics, or a related field, with 6-9 years of business analytics experience and 1-2 years in team management. Proficiency in SQL, R/Python/SAS, Excel, and Big Data handling is essential, along with strong communication and people management skills. Experience in financial services or e-commerce is advantageous. The role offers an opportunity to drive impactful analytics solutions aligned with business goals.
The rapid evolution of AI has transformed the fabric of not only industries but also our societies. As AI becomes increasingly available, its impact on human values and sense of security is now a pressing concern. Amidst this, anthropic computing has now been seen as a promising approach to address the complex questions surrounding AI's influence on human values and well-being. By exploring this paradigm, we can better understand the intricate relationships between humans, technology, and society.
Bitcoin’s rally past $100,000 highlights Asia’s growing prominence in cryptocurrency adoption and innovation. The region leads globally in crypto adoption, with countries like Indonesia witnessing exponential transaction growth. Institutional advancements, such as Hong Kong’s ZA Bank enabling direct crypto trading and Japan’s AEON launching a QR payment system, enhance accessibility. Sora Ventures’ $150 million Bitcoin-focused fund aims to replicate successful U.S. models in Asia. Asia now accounts for 32% of global crypto developers, up from 13% in 2015. Despite challenges like volatility and crime, the region’s infrastructure, innovation, and high smartphone penetration position it as a leader in crypto growth.