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Good morning, tech fam; here are some quick tech updates for you to catch up to!
What’s New Today: Intel Scraps AI Chip to Compete with Nvidia
Fast-Track Insights: How AssetPlus Created a Scalable Mutual Fund Platform
Here’s a quick rundown of the biggest tech headlines making waves today. From the Intel Scraps AI Chip to Johnson & Johnson Hiring, let’s dive into the top tech stories of the day.
Intel has canceled the commercial release of its Falcon Shores AI processor, originally developed using technology from Israel’s Habana Labs, opting to repurpose it for internal testing. The decision reflects Intel's shift in strategy to focus on developing a complete AI solution for data centers, akin to Nvidia's offerings. Intel's acting co-CEO, Michelle Johnston Holthaus, emphasized the need for a comprehensive, rack-scale solution like the upcoming Jaguar Shores chip. This move highlights the widening gap between Intel and Nvidia in the AI chip market, with Intel’s Gaudi 3 chip seen as outdated compared to Nvidia’s latest technologies.
AssetPlus, founded by IIT-Madras alumni Vishranth Suresh and Awanish Raj, has created a unified platform for mutual fund distributors (MFDs) in India. The platform supports various financial products like mutual funds, insurance, and retirement planning, offering tools for KYC, transaction management, and portfolio services. It caters to over 13,000 MFDs managing more than 1 lakh investors and ₹4500 Cr in mutual fund assets. AssetPlus provides a customizable app, helping distributors increase market relevance and earning potential. The fintech startup has seen 125% revenue growth and aims for ₹1 Lakh Crore AUM in 5-7 years.
Johnson & Johnson is hiring a Manager, Safety Data Analytics in Mumbai, India. The role involves overseeing daily operations, workload distribution, stakeholder collaboration, project support, and ensuring compliance with pharmacovigilance regulations. Candidates must have a bachelor’s degree in computer science, data science, or life sciences, 8+ years of pharmaceutical experience, and expertise in SQL, relational databases, and adverse event processing. Strong project management, analytical, and communication skills are required. Preferred qualifications include prior management experience, vendor relationship management, and experience in hiring and retaining staff. The role demands independent problem-solving, leadership in cross-functional meetings, and regulatory compliance expertise.
A Rs 600 crore cryptocurrency scam has surfaced in Karimnagar, Jagtial, Metpalli, and Korutla, with victims filing complaints at the DGP office. The CID arrested key suspect Ramesh Goud, who allegedly ran the bogus ‘GBR Crypto’ platform, luring investors with promises of high returns and luxury travel. High-ranking officials were among the victims. Many investors lost crores, while agents misled recruits via Zoom meetings. Victims accused CID of negligence, but officials stated that key agents also profited. The investigation is ongoing, with more arrests expected as authorities uncover the full scale of the scam.
Esports has seen tremendous growth over the past decade. With millions of players and fans around the globe, competitive gaming has become a significant part of the entertainment industry. As technology continues to advance, one question comes to mind: will AI-generated games shape the future of esports? This article explores the potential impact of artificial intelligence on game development and competitive gaming.
