Good morning, tech fam; here are some quick tech updates for you to catch up on!
What’s New Today: Nvidia is redesigning its AI Chip to meet the requirement of USA restrictions on China.
Fast-Track Insights: A Battery tech startup Volt14 has raised US$ 1.87 million in its pre-series A funding round.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from Nvidia redesigned chip launch to Institute of Banking Personnel Selection hiring POs in 2025.
Nvidia is redesigning its AI chips to comply with U.S. export restrictions on China. According to The Information, the company has informed major Chinese clients—including ByteDance, Alibaba, and Tencent—of the changes. CEO Jensen Huang personally delivered the message during a mid-April visit to Beijing, according to the report. The move follows the U.S. government’s decision to add Nvidia’s H20 chip—the most advanced model allowed for sale in China—to its export control list, effectively banning its distribution. Sources say Nvidia has told Chinese customers that all future downgraded chip models will require U.S. Department of Commerce approval prior to export. The first samples could be available as early as June.
Battery technology startup Volt14 has raised $1.87 million in a Pre-Series A funding round led by Blume Ventures, with participation from Beyond Next Ventures, Spectrum Impact, Supermorpheus, and existing investor Cocoon Capital. This brings the company's total funding to $4.02 million. The funds will be used to scale up manufacturing of Volt14's silicon-rich anodes and to strengthen its team. Volt14's proprietary technology enhances energy density in lithium-ion batteries, benefiting consumer electronics and electric vehicles. The company has developed an in-house cylindrical EV-format battery cell demonstrating state-of-the-art energy density using its silicon anode product. Founded in 2019 by materials scientist Animesh Kumar Jha, Volt14 has added industry veterans Dr. Puneet Gupta and Yifan Tang to its leadership team
The Institute of Banking Personnel Selection (IBPS) has announced the Probationary Officer (PO) recruitment for 2025. Preliminary exams are scheduled for October 4, 5, and 11, with the Main exam on November 29. The official notification is expected in August 2025. Candidates must hold a bachelor's degree and be aged between 20 and 30 years old. The selection process includes Preliminary, Main, and Interview stages. The basic pay is ₹48,480, with a gross salary of approximately ₹83,125. Application fees are ₹850 for General/OBC and ₹175 for SC/ST/PwBD candidates
Artificial Intelligence (AI) and data science are revolutionizing the stock market by enhancing decision-making, optimizing trading strategies, and improving risk management. AI algorithms process vast datasets—ranging from historical prices to real-time news—identifying patterns and trends that inform investment decisions. This leads to more accurate market predictions and efficient trading. Additionally, AI mitigates human biases, enabling objective analysis. As AI continues to evolve, it empowers both institutional and retail investors with advanced tools for smarter investing.
JYS Group, a Chinese investment firm, collapsed after losing over $180 million from high-risk ventures, including cryptocurrency investments. Thousands of investors were affected. Chairman Zhang Wei fled to the UK, prompting international legal actions. The case underscores the dangers of unregulated investment schemes and highlights the need for stricter oversight in the crypto sector. Authorities are pursuing Zhang and investigating the firm's operations.