Good morning, tech fam; here are some quick tech updates for you to catch up on!
What’s New Today: US has imposed restrictions on advanced AI chip exports which allows India to import only up to 50,000 GPUs.
Fast-Track Insights: Gurugram-based logistics-tech startup Shiplog has raised INR 6.5 crore to improve its AI-powered inventory management system.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from US AI- chip export limits to IDBI Bank hiring assistant managers.
The Biden-era AI Diffusion Framework, effective May 15, imposes a cap of 50,000 GPUs on India, potentially hindering its AI development. This limit affects major projects like Reliance's AI data center and the India AI Mission. Industry leaders express concerns over compliance complexities and urge the government to negotiate exemptions. Despite India's vast data market, it faces the same GPU quota as smaller nations, raising fears of slowed innovation.
Gurugram-based logistics-tech startup Shiplog has secured INR 6.5 crore in seed funding led by the Deepak Bhagnani Family Office. Founded in 2020, Shiplog offers rapid last-mile delivery services for D2C and e-commerce businesses through a tech-enabled hyperlocal approach. The funds will be used to strengthen its technological infrastructure, expand its team, and develop an advanced AI-powered inventory management system. Currently handling over 15,000 daily orders with a 98% on-time delivery rate, Shiplog aims to triple its monthly revenue within six months.
IDBI Bank has released a notification for 676 Junior Assistant Manager (Grade 'O') positions across India. Eligible graduates with at least 60% marks (55% for SC/ST/PwBD) and basic computer knowledge can apply online from May 8 to May 20, 2025. Applicants must be aged between 20 and 25 years. The selection process includes an online exam, interview, and medical test. The exam comprises 200 questions over 120 minutes, with a 0.25 mark penalty for incorrect answers. Application fees are ₹1050 for General/OBC/EWS and ₹250 for SC/ST/PwBD candidates.
Symbiotic robotics marks a major evolution in human-machine collaboration, emphasizing systems that adapt and learn through interaction. These AI-integrated robots leverage advanced sensing, prediction, and precision tools to boost human performance, especially in critical fields like surgery. Multimodal communication, predictive modeling, and adaptive interfaces enable seamless cooperation. While challenges like latency and safety remain, ongoing research focuses on ethical design and real-time learning to ensure robots augment rather than replace human expertise.
In a surprising turn of events, 24 digital wallets snapped up $2.6 million worth of Melania Trump's $MELANIA memecoin just 150 seconds before its public reveal on January 19. Following the announcement, the coin’s value skyrocketed, leading to nearly $100 million in profits for these early buyers. The incident has raised alarms about potential insider trading and the volatility of memecoin investments.