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What’s New Today: IBM introduces Power11 chips and servers to enhance AI inference, improve resilience, and reduce downtime for enterprise systems.
Fast-Track Insights: Mubadala increases its Revolut stake by $100M, backing its fintech growth, global expansion, and push into Middle Eastern markets.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from IBM Power11 Chips to Public Sector Bank Recruitment.
IBM has launched the new Power11 processors and servers to boost AI inference performance and enhance business uptime. These systems cater to the needs of finance, banking, and healthcare by emphasizing reliability, security, and seamless AI integration. Available from July 25, Power11 can detect ransomware in one minute while allowing for an average annual unplanned downtime of thirty seconds. IBM plans to integrate Power11 with its Spyre AI chip by late 2025.
Mubadala Investment Company is investing an additional $100 million in Revolut, further solidifying its role as a strategic investor. This comes after Mubadala took its first stake just this year and is in line with Mubadala's fintech expansion ambitions. Gen Valued at up to $48 billion, Revolut reported a net profit of $1 billion in 2024 and is ready to start global expansion, with plans for new AI tools, business credit products, and entry into banking markets in the Middle East.
Public-sector banks will hire 50,000 recruits in FY26 to meet business exigencies and expansion. SBI stands at the forefront in the process of hiring 20,000 candidates, including officers and junior associates. In comparison, Punjab National Bank aims to recruit over 5,500 candidates, while the Central Bank of India plans to hire approximately 4,000 candidates. This initiative seeks to pave the way for improved service delivery, digital growth, and financial inclusion.
With image detectors gaining significant power in 2025, they will be among the last to witness fakes or AI fabrications translated into visuals for industries. As the best image detection tools, BrandWell, Illuminati, AI-GenBench, DinoHash, and Vastav AI offer various features, including real-time detection, heat maps, and watermark tracking. These tools are thus customized for specific user groups, including journalists, law enforcement, and others. Such advances provided by academic research and global initiatives promise a safer digital environment.
Tether has accumulated gold reserves worth $8 billion in a private vault in Switzerland, benefiting from the low custody costs. The CEO, Paolo Ardoino, announced that gold now accounts for 5% of the total reserve portfolio, valued at $112 billion. This was a strategic realignment away from fiat, given the safety concerns associated with gold due to the surging global debt. A self-owned vault would help cut costs over the long term relative to the traditional method of gold custody.
