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What’s New Today: The UAE revealed a massive AI chip to power its fast-growing AI infrastructure and global connectivity plans.
Fast-Track Insights: Lawhive secured $60 million to expand its AI-native law firm model across the US legal market.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from the UAE unveils massive AI chip for infrastructure to Cognizant boosts graduate hiring as AI lifts productivity.
The UAE unveiled the world’s largest AI chip at the World Government Summit in Dubai, featuring four trillion transistors on a single wafer. Co-developed by Abu Dhabi’s G42 and Cerebras, the chip aims to supercharge AI computing. Leaders said it will power the 5-gigawatt UAE-US AI campus, strengthen global connectivity, and help position the UAE as a trusted global AI hub.
Lawhive raised $60 million in Series B funding, led by Danaher co-founder Mitch Rales, to expand into the fragmented US legal market. The AI-native law firm uses its own operating system and AI paralegal, Lawrence, to cut paperwork and speed up legal services. With 450 lawyers in the US and UK, Lawhive aims to make legal help faster, simpler, and more affordable nationwide.
Cognizant plans to hire around 24,000 to 25,000 graduates in 2026, raising campus intake by about 20% from 2025 levels. The company says AI-enabled delivery tools are helping junior engineers become billable faster and contribute earlier to projects. Wider use of AI platforms and automation is reshaping team structures, while productivity metrics show improving revenue and margins per employee.
Anthropic’s new AI agent tool triggered a sharp fall in Indian IT stocks as investors worried about pressure on the time-and-materials model. The tool can automate routine tasks like coding, testing, and analysis, reducing demand for large teams and billable hours. This may push firms toward outcome-based pricing, reskilling workers, and building AI-driven, industry-specific solutions, while human oversight remains essential in sensitive areas.
Bitwise filed an S-1 with the US SEC to launch the first ETF focused on Uniswap’s UNI token, after setting up a Delaware trust in January. The filing seeks exposure to UNI through the trust, with Coinbase Custody named as custodian if approved. The news came during a sharp crypto market downturn, with UNI falling over 16% amid broad sell-offs and liquidations.
