Good morning, tech fam; here are some quick tech updates for you to catch up on!
What’s New Today: Zoho Halts $700M Chip Venture Amid Concerns
Fast-Track Insights: SatLeo Labs Gets $3.3M Boost for Space Tech
Here’s a quick rundown of the biggest tech headlines making waves today. From the Zoho Halts $700M Chip to Fresher Hires in 2025, let’s dive into the top tech stories of the day.
Zoho has officially shelved its $700 million semiconductor manufacturing plan due to a lack of confidence in the current technology. Founder Sridhar Vembu confirmed the decision, emphasizing the need for technological certainty before committing taxpayer-backed investments. The proposed factory in Mysuru was expected to create 460 jobs and focus on compound semiconductors. However, challenges in finding a suitable tech partner and the capital-intensive nature of chip-making led to the project's suspension. While this move is seen as a setback to India’s semiconductor ambitions, Vembu hinted that the plan may be revisited once a more effective technology approach becomes available.
SatLeo Labs has secured $3.3 million in pre-seed funding, led by Merak Ventures, with participation from Huddle Ventures and other investors. The funds will support the development of its dual-band thermal imaging payload, feasibility studies, regulatory approvals, team expansion, and pilot testing. SatLeo aims to revolutionize Earth observation with thermal imaging for agriculture, climate resilience, and defense. With over $25 million in client letters of intent (LOIs) and backing from former ISRO scientists, SatLeo is poised to become a leader in space-based intelligence. The company plans to launch its first thermal satellite soon, targeting global markets and driving sustainable, tech-driven solutions.
Cognizant plans to hire 20,000 freshers in 2025—more than double last year's intake—to strengthen its talent pyramid and support growth in managed services and AI-driven software development. CEO Ravi Kumar S highlighted the strategic focus on fresh hiring, AI-led productivity, and improved resource utilization. The company also announced that 14,000 former employees have rejoined, with an additional 10,000 expected to follow. Cognizant aims to upskill its workforce to meet the rising demands of AI and manage costs effectively. The New Jersey-based IT firm, with a significant presence in India, reported a 7.45% year-over-year revenue growth, reaching $5.1 billion in Q1 2025.
Bitcoin has surged to its highest level since late February, signaling a renewed surge in investor confidence and momentum in the cryptocurrency market. The rally comes amid a broader recovery in digital assets, fueled by positive macroeconomic indicators, increased institutional interest, and optimism surrounding potential regulatory clarity. Analysts note that Bitcoin's upward trajectory may also be driven by anticipation of favorable developments in spot ETF approvals and halving-related supply constraints. As the leading cryptocurrency regains strength, traders and investors are closely watching price movements for signs of sustained bullish momentum. The rise reflects growing market resilience despite recent volatility and global economic uncertainties.
In today's digital age, finding information has never been easier, thanks to top AI search platforms. AI-powered search engines are revolutionizing the browsing experience, offering smarter and more accurate results. A recent study found that 67% of internet users now prefer AI-driven search engines over traditional ones. Here are some of the best AI search engines that are changing the way we browse.