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What’s New Today: NVIDIA plans to increase its annual spending in Taiwan to $150 billion, while fusion startup Thea Energy has raised $100 million to support growing AI energy demand.
Fast-Track Insights: GCCs are increasingly hiring faster despite slower IT recruitment; Groupon shares climbed after AI-focused layoffs; and Solana meme coin CatFi surged after South Korean rug pull arrests.
Here’s a quick roundup of the biggest headlines making waves today. Let’s dive into the top stories, from AI infrastructure and clean energy to hiring trends, crypto volatility, and tech restructuring.
NVIDIA CEO Jensen Huang said the company plans to raise its yearly spending in Taiwan to $150 billion. Speaking in Taipei, Huang called Taiwan the center of the AI industry and praised its chip and technology network. NVIDIA’s new Taiwan headquarters is expected to begin construction this year and open by 2030. The move will also strengthen ties with chipmaker TSMC, a key Nvidia partner in advanced semiconductor production.
Princeton-based fusion startup Thea Energy has raised $100 million to expand its clean energy work. The company plans to build fusion systems to meet the rising power needs of AI data centres. Thea uses smaller, flexible magnets to control plasma in fusion reactors. The funding will support manufacturing and the development of its Eos demonstration reactor. The company aims to launch a commercial fusion power system in the next decade.
Global capability centres (GCCs) are expected to increase fresher hiring by 12% this financial year, even as India’s IT services sector sees slower recruitment. Entry-level salaries at GCCs may rise to ₹7.5 lakh, while pay in IT services firms is likely to stay flat. Companies such as Goldman Sachs and JPMorgan Chase continue to hire on campus. The report also noted growing demand for freshers with AI skills as routine tech work becomes automated.
Groupon’s stock rose after the company announced plans to cut up to 400 jobs as part of its AI-focused restructuring. The company aims to lower costs and improve operations through automation and AI tools. Investors reacted positively, pushing the stock higher after the announcement. Groupon said the move will help simplify work and support future growth. The decision also reflects a wider trend in the tech industry, where companies are reducing staff while increasing AI investments.
A Solana meme coin called CatFi surged nearly 6,000% after South Korean officials arrested people linked to an alleged rug pull scam. Prosecutors said the group caused about $600,000 in investor losses after selling large amounts of the token soon after launch. The case is the first to use South Korea’s new crypto investor protection law. Despite the sudden rise, the token still remains far below its earlier peak.
