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What’s New Today: Broadcom has launched its Thor Ultra networking chip, designed to connect hundreds of thousands of AI data-processing units. This move intensifies competition with Nvidia and strengthens Broadcom’s AI market position, projected to reach $60–$90 billion by 2027.
Fast-Track Insights: Goldman Sachs announced the $965 million acquisition of San Francisco-based Industry Ventures, which manages $7 billion in assets. The deal integrates all 45 employees and is expected to close in early 2026.
Quick Rundown: Other notable news includes declining graduate hiring by 8% in the past year, Google and Adani partnering on a $15 billion AI hub in Visakhapatnam, and Coinbase investing in Indian crypto exchange CoinDCX, boosting its valuation to $2.45 billion.
Broadcom has introduced the Thor Ultra, a revolutionary networking chip that will connect not just thousands but potentially even hundreds of thousands of data-processing units in AI data centers. This step not only escalates the rivalry with Nvidia's networking chips but also solidifies Broadcom's foothold in the AI infrastructure domain. The company anticipates its AI chip market could reach $60–$90 billion by 2027, following a significant deal to supply custom chips to OpenAI starting in 2026.
Goldman Sachs has made it official that they will be taking over Industry Ventures, an investment firm from San Francisco with $7 billion to manage. The whole deal is worth $665 million in cash and stock and a further $300 million in performance incentives through 2030. The purchase is likely to be concluded in the beginning of 2026, thus all the 45 employees of Industry Ventures will be included in Goldman Sachs.
A recent survey indicates that there has been an 8% decline in hiring of graduates over the past year. The reduction demonstrates that new graduates are still facing difficulties in finding jobs as there is a shortage of openings in different sectors. The employers point out economic uncertainties and the change in demands of industries as the reasons for the cutback in hiring.
Google and Adani Enterprises are going to invest $15 billion together to build India's first AI data center hub in Visakhapatnam, Andhra Pradesh. The 1-gigawatt facility, which is a collaboration with AdaniConneX and Airtel, will host the latest AI technology, renewable energy, and an international undersea cable connection. By this, India will not only become a digital powerhouse but also AI will be a major part of the innovation stack.
Coinbase has made the decision to invest in the Indian crypto exchange CoinDCX, thus raising the latter's value to $2.45 billion. The company already has more than 20 million users and reported annual revenue of ₹1,179 crore (approx. $141 million), with transaction volumes of ₹13.7 lakh crore (around $165 billion) as of July 2025. The money will be used for product development, compliance, and international market expansion.
