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What’s New Today: NVIDIA rival Groq opens its first Data Center in Europe as part of the company's international expansion.
Fast-Track Insights: Australian startup Hololight secures €10M to expand its XR pixel-streaming platform.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from Groq European Data Center to IIT Kanpur Assistant Project Manager vacancy.
Groq, a U.S.-based AI chip startup valued at US$2.8 billion and backed by Samsung and Cisco, has swiftly launched its first European data center in Helsinki, Finland, in collaboration with Equinix. The center aims to deliver low-latency AI inference using its LPU chips, bypassing scarce high-bandwidth memory and benefiting from Finland’s renewable energy infrastructure
Hololight, an Austrian startup, raised €10 million to expand its XR pixel-streaming platform—dubbed the ‘Netflix of XR.’ By offloading rendering to cloud or on‑premises servers and streaming pixels, it ensures high-fidelity AR/VR experiences on any device, enhancing security and scalability. The funds, led by Cipio Partners and others, will drive global rollout of Hololight Stream and enterprise tools.
IIT Kanpur is inviting applications for the post of Assistant Project Manager under a contractual role. Applicants must have a postgraduate degree and good communication skills. The job is linked to the Center for Developing Intelligent Systems and offers a fixed term with renewal based on performance. The last application date is June 25, 2025.
Perplexity Research automates expert-level report writing in 2–4 minutes by performing real-time web searches, reasoning, and structured synthesis with citations. It achieved around 94% accuracy on factual benchmarks, supports visual exports via Labs, and offers free and Pro tiers with up to 500 daily queries. Ideal for business, academia, and market intelligence, but outputs should be reviewed and refined by users.
Crypto stocks surged Monday as Core Scientific plunged 18% after AI firm CoreWeave unveiled a US$9 billion stock deal offering a 66% premium investors.com. Bit Digital’s shift from bitcoin to an ethereum-focused strategy, raising US$172 million and amassing 100K ETH, pushed its shares up 18% investors.com. Amid this, U.S. House Financial Services Committee preps mid‑July ‘Crypto Week’ for key digital‑asset bills—Bitcoin hovered near $108K
