Good morning, tech fam; here are some quick tech updates for you to catch on to!
What’s New Today: Microsoft has uncovered its quantum chip Majorana 1 to heighten Quantum Computing.
Fast-Track Insights: IN-SPACe has provided Rs. 500 cr. Funds to Indian space startups for efficient research.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories from the Microsoft chip launch to NTPC hiring freshers.
Microsoft has developed an innovative chip that significantly advances quantum computing. This innovation suggests that practical quantum computers could become a reality in a matter of years, rather than decades. The chip's design leverages existing silicon technology, potentially accelerating the integration of quantum capabilities into mainstream computing. This development marks a pivotal step toward the widespread adoption of quantum computing.
The Indian National Space Promotion and Authorization Centre (IN-SPACe) has introduced a Rs 500 crore Technology Adoption Fund (TAF) to support the growth of India's space startups. The fund offers up to 60% project cost coverage for startups and MSMEs, and 40% for larger industries, with a cap of Rs 25 crore per project. This initiative aims to reduce reliance on imports and foster domestic innovation.
The National Thermal Power Corporation (NTPC) is inviting applications for 81 positions, including General Duty Medical Officers (GDMO) and Medical Specialists across various disciplines. Eligible candidates should hold an MBBS degree; additional specialization is required for specialist roles. The maximum age limit is 37 years. Selected candidates will be placed at NTPC's various stations or projects. Applications are accepted online until the specified deadline.
India is proactively building its artificial intelligence (AI) industry with a focus on innovation and ethics. The government has invested more than $1.2 billion in the IndiaAI program, with the aim of improving computing infrastructure, facilitating startups, and increasing AI education. Although no mandatory AI-specific legislation exists, current laws such as the Digital Personal Data Protection Act, 2023, and the Information Technology Act, 2000, touch upon elements of AI regulation. The government promotes a sector-by-sector approach to AI regulation to provide flexibility and promote development in different industries.
BitFuFu has purchased a majority interest in a 51-megawatt Oklahoma Bitcoin mining data center. The data center, which was founded in 2022, has more than 95% uptime and an attractive electricity price of $0.03 per kilowatt-hour. The purchase adds to BitFuFu's operational efficiency and the accommodating regulatory framework in Oklahoma for cryptocurrency businesses.