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Good morning, tech fam; here are some quick tech updates for you to catch up to!
What’s New Today: Arm to Launch New Chip, Meta Likely First Customer
Fast-Track Insights: Lenskart Aims for IPO with $10B Valuation
Here’s a quick rundown of the biggest tech headlines making waves today. From the Arm to Launch New Chip to WBPSC Miscellaneous Recruitment, let’s dive into the top tech stories of the day.
Arm is reportedly developing its own in-house processors, which are expected to debut this year, with Meta as the likely first customer. These custom CPUs, designed for data centers, will offer flexibility to meet specific customer needs. Arm, a fabless chipmaker, is partnering with TSMC to fabricate the chips. This move follows Softbank's partnership with OpenAI, Microsoft, and Nvidia to build AI infrastructure. Arm's architecture powers many smartphones and devices, and it is known for its power efficiency and performance, making it increasingly popular for AI-driven applications and data centers.
Lenskart is aiming for a $10 billion valuation for its upcoming IPO, double its previous funding round's valuation. The eyewear retailer plans to file its draft prospectus by May, with market conditions influencing the final valuation. Lenskart, backed by SoftBank and Temasek, is profitable with a $1 billion revenue run rate. Its FY24 revenue grew 43%, while net losses reduced significantly. The company focuses on local manufacturing and expanding its retail presence, with 2,500 stores and plans for 400 more. It also acquired the Japanese brand Owndays and held a stake in Le Petit Lunetier.
The West Bengal Public Service Commission (WBPSC) has announced the WBPSC Miscellaneous Recruitment Service Examination 2025 (Advertisement No. 13/2024) to fill various government vacancies. The application process will be online, with start and end dates to be announced. Candidates must have a graduation degree and proficiency in Bengali, except those whose mother tongue is Nepali. Age limits vary by category. The selection process includes a preliminary exam, a final written exam, skill test, and document verification. The application fee and other details will be provided in the detailed notification. Visit psc.wb.gov.in for more information.
The Enforcement Directorate (ED) has seized its largest-ever cryptocurrency haul worth Rs 1,646 crore in a major money laundering investigation. The case involves a fraudulent investment scheme through the BitConnect lending program, which duped numerous depositors between November 2016 and January 2018. The ED, acting on a Surat Police FIR, also seized Rs 13.50 lakh in cash, an SUV, and digital devices. A team of experts analyzed complex crypto wallet transactions to trace the fraud's origin and identify its controllers. The case is being investigated under the Prevention of Money Laundering Act (PMLA).
Artificial Intelligence (AI) is changing fast, and in 2025, two big companies are leading the race: China’s DeepSeek AI and Google’s DeepMind. Both are making fantastic progress, but they have very different ideas about how to develop AI. This has created an intense competition that is shaping the future of technology.
