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What’s New Today: AMD declared to enter the Chinese chip market with Radeon PRO workstation GPUs to rival NVIDIA and Huawei.
Fast-Track Insights: EU plans to launch Scale Up Europe fund the next year to boost the growth of European startups.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from AMD entering China to AI replacing software engineers.
AMD is developing a China-specific AI chip to comply with U.S. export restrictions while addressing China's growing demand for AI hardware. This strategic move aims to rival Nvidia's offerings in the region, which have been limited due to similar export controls. By tailoring its AI chip for the Chinese market, AMD seeks to capture a significant share of China's AI sector, aligning with the country's technological advancement goals.
The European Union has announced the ‘Scaleup Europe Fund,’ a €10 billion (US$11.3 billion) public-private initiative aimed at bolstering tech startups. Part of the Choose Europe to start and scale strategy, the fund seeks to address challenges like fragmented regulations, limited financing, and talent shortages. By simplifying rules and attracting non-EU founders, the EU aims to enhance late-stage financing and narrow the innovation gap with the U.S. and China.
Artificial Intelligence is significantly reducing demand for entry-level software engineers as major tech firms increasingly automate tasks like coding and code reviews. Companies such as Microsoft, Google, and Salesforce are using AI tools to boost productivity, leading to fewer job openings for fresh graduates. This shift is creating a tough job market, especially in countries like India, where many rely on these roles to begin their careers in technology.
This article simplifies key artificial intelligence terms for everyday readers. It explains how Large Language Models (LLMs) generate human-like text using vast datasets and how neural networks mimic the brain’s structure to process information. It also highlights the issue of AI hallucinations—false or misleading outputs. Additional terms, such as training data, fine-tuning, and inference, are clarified, helping readers understand how AI systems learn, improve, and function.
The US Court of International Trade invalidated former President Trump's Liberation Day tariffs, deeming them unconstitutional. This decision spurred positive reactions in global markets, with Asian indices rising and US stock futures surging. Bitcoin remained stable. BitMEX founder Arthur Hayes responded by urging investors to "buy everything,” predicting Bitcoin could reach US$1 million due to anticipated capital injections and decreasing supply.
