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Good morning, tech fam; here are some quick updates for you to catch up on!
What’s New Today: Google is reportedly developing a new AI chip called Frozen v2 to make Gemini faster and more efficient. At the same time, Transition VC has launched a Rs. 1,500 crore fund to support energy technology startups across India.
Fast-Track Insights: India's IT companies are slowing campus hiring and focusing more on AI talent. Countries continue to invest heavily in AI leadership, while Luxxfolio has secured fresh funding to expand its crypto business.
Here’s a quick roundup of the biggest headlines making waves today. Let’s dive into the top stories, from artificial intelligence and startup funding to hiring trends, global AI competition, and cryptocurrency.
Google is reportedly building a new AI chip, called Frozen v2, to run Gemini more efficiently. The chip may deliver far better performance while using less power. It could reduce Google’s need for outside hardware and strengthen its AI infrastructure in the coming years.
Transition VC has launched its Rs. 1,500 crore Fund II to invest in energy technology startups across India. The new fund aims to help early-stage companies grow, build clean energy solutions, and speed up innovation in the country's energy sector.
India’s IT hiring is changing as companies slow campus recruitment, delay joining dates, and link offers to business demand. Firms now want graduates with AI and deep tech skills, while many freshers face longer waits and fewer entry-level opportunities.
The global AI race in 2026 is led by nations investing in research, chips, talent, and strong digital systems. The United States and China remain ahead, while countries like the UK, Singapore, Canada, and India continue to grow through innovation, skilled workers, and government support.
Luxxfolio has completed a $1.55 million private placement by issuing 7.77 million units. The company plans to use the money to grow its crypto projects, support Litecoin mining, and meet general business needs while offering warrants to investors.
