What’s New Today: Xiaomi unveiled its Xring O3 smartphone processor, with TSMC reportedly set to manufacture the chip using its advanced 3-nanometre process.
Fast-Track Insights: Nvidia is reportedly discussing an investment in Perplexity that could value the AI startup above $30 billion, marking a major jump from its previous valuation.
Here’s a quick rundown of today’s biggest tech stories, covering Xiaomi’s chip ambitions, Nvidia’s AI investment plans, hiring trends, Apple’s restructuring and Bitcoin’s latest recovery.
Xiaomi unveiled its new Xring O3 smartphone processor as it expands efforts to develop key components in-house and reduce reliance on chip suppliers such as Qualcomm and MediaTek. Sources said Taiwan Semiconductor Manufacturing Co. (TSMC) will produce the chip using its advanced 3-nanometre process. The processor is expected to power Xiaomi’s upcoming flagship foldable phone, with shipments targeted at 200,000 to 300,000 units.
Nvidia is reportedly discussing an investment in AI startup Perplexity as part of a new funding round that could value the company above $30 billion. The proposed valuation would mark a more than 50% increase from its previous $20 billion valuation. Perplexity’s annualised revenue has also climbed above $750 million, highlighting growing demand for its AI search and agent services.
Technip Energies India maintained women’s representation above 60% in its graduate hiring program for the third consecutive year. The 2026 batch includes more than 90 trainees selected through campus recruitment. They will undergo a year-long program covering technical training, mentorship, and hands-on projects focused on sustainable engineering and decarbonisation.
Apple is cutting more than 200 jobs across its Siri, AI software and Vision Pro teams as it redirects resources toward advanced AI, a rebuilt Siri system and future smart glasses. Around 100 positions affect Siri-related teams, while another 100 are linked to Vision Pro, including gaming and immersive video production roles.
Bitcoin steadied above $77,000 on Monday after a strong rebound driven by optimism over supportive US cryptocurrency regulation and easier financial conditions. The cryptocurrency rose 1.3% to $77,091.10, extending its recent recovery and keeping investor sentiment positive.