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What’s New Today: Partnering with Alpha & Omega Semiconductor and Mitsui & Company, Kaynes Technology has delivered the country's first commercial multi-chip module.
Fast-Track Insights: Ripple is planning a strategic investment of $500 million in a funding round led by Fortress Investment Group, Citadel Securities, and Pantera Capital.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the top tech stories, from Kaynes Technology chip module to ChatGPT price prediction of crypto coins.
Kaynes Technology India Ltd.’s subsidiary, Kaynes Semicon Pvt Ltd, recently reached a milestone by sending almost 900 of India’s first commercially packaged multi-chip modules (MCMs) from its outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat. The high-integration intelligent power module (IPM5) package contains 17 dies including IGBTs, controller ICs and diodes, and the facility is targeting full mass production by January 2026.
Ripple has raised $500 million in a financing round that values the company at $40 billion with the involvement of prominent institutional investors, including Fortress Investment Group, Citadel Securities, and Pantera Capital. Ripple plans to invest the funds to accelerate infrastructure around stablecoins, in particular its RLUSD stablecoin and deepen its offerings in global cross-border payments, custody and prime brokerage.
The Indian Institute of Management Ahmedabad (IIM Ahmedabad) has registered a complete 100 percent placement record for its Post Graduate Programme in Management (PGP) Class of 2027 during summer placements. The placements comprised over 90 roles from a wide spectrum of 14 industries, including technology, consulting, manufacturing, renewable energy, and social enterprises. Among the leading global recruiters, Microsoft and Apple notably headed the enterprise-technology sector.
The United Arab Emirates has set off a national challenge spearheaded by the Office of Artificial Intelligence, Digital Economy, and Remote Work Applications in partnership with the Central Bank of the UAE, inviting contestants to use generative AI to create a commemorative coin. The competition, which was unveiled on National Code Day, highlights ethical and legal design requirements and aims to cast the best submission as an official coin.
According to a recent analysis done by ChatGPT models, three major cryptocurrencies are expected to see significant increases by the end of 2025. XRP could potentially rise to between $5 and $10, representing an increase of up to 350%. Cardano is predicted to be worth around $2.50, which would be five times its current price. Internet Computer (ICP) could rise to $30, which is approximately six times its current price, if the market turns strongly bullish.
