Tech News

Top Tech News: Huawei's Ascend 910D AI Processor and €103M Raised by Female Founders

Huawei's New AI Processor Takes on Nvidia, While Female Founders Secure €103M in Funding Surge

Written By : Simran Mishra

Good morning, tech enthusiasts! Here’s a quick roundup of today’s key tech updates:

What’s New Today: Huawei is launching its most advanced AI processor, the Ascend 910D, aiming to rival Nvidia's H100 and surpass its performance.

Fast-Track Insights: Female founders have raised nearly €103 million in the past week, signaling increased investor confidence in women-led ventures.

Here’s a quick rundown of the biggest tech headlines making waves today. Let’s dive into today’s top stories, from Huawei’s Ascend 910D processor to the funding surge for female founders.

Let’s dive into the day’s top stories, from Huawei’s groundbreaking AI processor to the surge of funding for female-led startups!

1. Huawei's Ascend 910D: Aiming to Rival Nvidia's AI Dominance

Huawei Technologies is developing its most advanced AI processor, the Ascend 910D, targeting performance surpassing Nvidia's H100. The company has engaged Chinese tech firms to test the chip's feasibility, with sample batches expected by late May. This initiative aligns with Huawei's strategy to replace high-end Nvidia products, especially as U.S. sanctions restrict China's access to advanced AI chips.

Read More

2. Female Founders Secure €103M in Weekly Funding Surge

In the past week, female-led startups collectively raised nearly €103 million, marking a significant uptick in venture capital investment. This surge underscores growing investor confidence in women entrepreneurs, with substantial funding rounds across various sectors. The trend highlights the increasing prominence and impact of female founders in the startup ecosystem.

Read More

3. Canada’s Graduate Job Market Faces Historic Decline

Canada's job market for new graduates has deteriorated significantly, with youth unemployment reaching 11.2% in early 2025. Factors such as sluggish economic growth, high interest rates, and U.S.-led trade tensions have led to a scarcity of entry-level positions. This environment traps graduates in a cycle where lack of experience hinders employment opportunities, exacerbating their challenges in securing jobs.

Read More

4. AI-Powered Transformation in Insurance Claims Processing

The article discusses how artificial intelligence is revolutionizing insurance claims processing by automating data extraction, enhancing fraud detection, and streamlining workflows. By leveraging AI technologies like natural language processing and machine learning, insurers can process claims more efficiently, reduce errors, and improve customer satisfaction. This transformation leads to faster settlements, better resource allocation, and heightened trust in the insurance process.

Read More

5. Bhutan Empowers Tourists with Crypto Payments via Binance

Bhutan has partnered with Binance to enable cryptocurrency payments for tourists, allowing them to use digital assets like Bitcoin and Ethereum at over 100 local merchants. This initiative aims to provide a cashless travel experience, positioning Bhutan as a forward-thinking destination embracing digital innovation. The move reflects the country's broader strategy to integrate blockchain technology into its economy.

Read More

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

Bitcoin Price Surges Past $109K: ETFs and New Laws Push Market Higher

Toncoin Falls 6% After UAE Denies Golden Visa Staking Claim

Crypto Prices Today: Bitcoin Price Up 1.05% at $109,156 as DOGE Jumps 6.5%

Top 10 Cryptocurrencies to Buy on 7th July

MEXC Releases Bimonthly Transparency Report: $559 Million Reimbursed to Users, $2.2M in Illicit Assets Blocked