.png){kind=logo}
What’s New Today: AI Chip Showdown: Amazon and Nvidia Share the Spotlight
Fast-Track Insights: Abyro Capital Launches $25M Fund for India, US Startups
Here’s a quick rundown of the biggest tech headlines making waves today. From the AI Chip Showdown to HP Hiring MBAs, let’s dive into the top tech stories of the day.
Amazon unveiled major AI initiatives at its re:Invent conference, including its Trainium2 AI chips, offering 30-40% better price performance than Nvidia GPUs, and plans for Trainium3 in 2025. A new "Ultracluster," powered by Trainium chips, will support AI startup Anthropic, with Amazon investing $8 billion in the company. Amazon also announced Nova, its generative AI models, accessible via AWS Bedrock alongside Meta’s Llama models. Despite competing with Nvidia, Amazon expanded its partnership by introducing new computing instances featuring Nvidia GPUs. Amazon's AI-driven strategies have fueled its stock, which is up 43% in 2024, reaching a record high of $218.16.
Abyro Capital has launched a $25M fund to support early-stage tech startups in India and the US, focusing on AI, SaaS, healthcare, and more. The fund, led by founder Vamsi Kora, aims to back 12-15 startups over four years, offering capital, mentorship, and global network access. Abyro signed an MoU with Telangana’s T-Hub to support cross-border startups. The firm has already invested in Reva Commerce and HComb. Amid a recovering funding ecosystem, India-focused VC firms, including Stellaris Venture Partners and Ortella Global Capital, are raising significant funds to back tech ventures, signaling a resurgence in startup investments.
HP is hiring a Marketing Manager for HP Solutions at its Gurugram, India, location. The role involves establishing HP Services as an industry leader, driving demand, and executing integrated marketing plans aligned with business goals. Responsibilities include leveraging market insights, developing customer strategies, collaborating with sales teams, and executing marketing plans to enhance HP’s position. Applicants should have an MBA in marketing (preferred), 7+ years of B2B technology marketing experience, expertise in IT services, digital marketing tools, and CRM applications. Strong project management, communication, analytical, and interpersonal skills are essential, along with the ability to manage virtual teams and drive change.
The new generation needs access to the Internet for information gathering, shopping, entertainment, and communication. However, higher online engagement has also increased fraudulent sites, misinformation, and cybersecurity threats. Google Chrome's new AI feature evaluates websites' reliability, which may, therefore, raise users' confidence in any given activity online.
US President-elect Donald Trump nominated Paul Atkins, a former SEC commissioner and founder of Patomak Global Partners, to chair the Securities and Exchange Commission (SEC). Atkins, a supporter of digital assets, has been co-chair of the Digital Chamber of Commerce since 2017. Trump praised him for his commitment to "common sense regulations" and "robust, innovative" capital markets. The cryptocurrency industry welcomed the move, contrasting it with the SEC's prior stance under Gary Gensler. However, Senator Elizabeth Warren expressed concern over Atkins' record, particularly his opposition to fines against corporations during the last financial crisis.
