Good morning, tech fam; here are some quick tech updates for you to catch on to!
What’s New Today: India is set to launch its first indigenous semiconductor chip in 2025 with Tata and Taiwan’s PSMC at the Dholera fab plant.
Fast-Track Insights: European healthtech startup ReportAId raised €2.2M to boost hospital revenue by 25% using its AI-driven data platform.
Here’s a quick rundown of the biggest tech headlines making waves today. Let’s dive into today’s top tech stories, from India’s chip manufacturing milestone to smarter hospitals with AI.
India is poised to unveil its first homegrown semiconductor chip by late 2025, marking a significant milestone in its technological advancement. Union Minister Ashwini Vaishnaw announced that the chip will be developed under the Semicon India programme, in collaboration with Tata Electronics and Taiwan's PSMC, and manufactured at the upcoming Dholera fabrication plant in Gujarat. This initiative underscores India's commitment to achieving self-reliance in semiconductor manufacturing.
ReportAId, a European healthtech startup, has secured €2.2 million in funding to tackle inefficiencies in healthcare data management. Its AI-driven platform streamlines hospital billing and documentation processes, leading to a 25% increase in hospital revenue. By automating data workflows, ReportAId enhances operational efficiency and financial performance in healthcare institutions.
Canada's job market for new graduates has deteriorated significantly, with youth unemployment reaching 11.2% in early 2025. Economic slowdown, high interest rates, and trade tensions have led to reduced hiring, especially for entry-level roles. The prevalent "no experience, no job" cycle hampers career starts, leaving many graduates struggling to find employment despite numerous applications.
Perplexity AI has launched its chatbot on WhatsApp, allowing users to access AI-powered answers directly within the messaging app. By simply sending "Hi" to Perplexity's WhatsApp link, users can engage in conversational queries, receive summaries, and get recommendations without needing additional apps or accounts. This integration aims to make AI assistance more accessible and integrated into daily communication platforms.
Representative Maxine Waters, ranking member of the House Financial Services Committee, is reportedly seeking to block a Republican-led crypto hearing, citing concerns over the proposed digital asset market structure legislation. The draft aims to clarify regulatory oversight of digital assets, but Waters argues it lacks bipartisan support and could hinder innovation. She emphasizes the need for coordinated efforts among U.S. regulators to establish comprehensive crypto regulations.