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What’s New Today: India approves four semiconductor plants, the Lucknow Metro extension, IIM Guwahati, and the Tato-II hydroelectric project to boost development.
Fast-Track Insights: TILKI raises $2.2M to develop an AI-first platform enabling anyone to create interactive, evolving games without coding, with beta launches planned.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from India approves new semiconductor plants, infrastructure projects, to BBMP tree health and insurance safety initiative.
The Union Cabinet has approved four semiconductor manufacturing units - two in Odisha, one in Andhra Pradesh, and one in Punjab - worth ₹4,594 crore, generating over 2,000 jobs. This brings the total approved semiconductor projects to 10 across six states. Additional approvals include extending the Lucknow Metro line, establishing an IIM in Guwahati, and constructing the 700 MW Tato-II hydroelectric project. The initiatives aim to boost India’s electronics, education, infrastructure, and renewable energy sectors.
UK-based startup TILKI has raised $2.2 million in pre-seed funding, led by Twin Path Ventures, to develop its AI-first game creation platform. The tool enables anyone to build high-quality, interactive games without coding. Founded by industry veterans, TILKI’s technology generates dynamic, evolving worlds based on player choices. The funds will support beta launches and a creator marketplace to democratize game design for storytellers worldwide.
BBMP’s forest wing will deploy environmental graduates to identify tree species, check branch conditions, and spot diseases through physical observation, with a possible shift to advanced technology later. Each fellow will earn Rs 30,000 monthly. Additionally, BBMP plans an insurance policy covering injuries or fatalities from falling trees, offering up to Rs 17 lakh for medical expenses. Insurance firms must submit proposals via the Karnataka Public Procurement Portal.
AI automation integrates artificial intelligence with traditional automation to perform tasks with minimal human input, improving speed, accuracy, and efficiency. Using machine learning, natural language processing, and data analysis, it adapts and improves over time. Applications range from chatbots and factory robots to finance and healthcare. While offering cost savings and 24/7 operation, challenges include job displacement, high costs, and data privacy concerns. Its growth promises smarter, more innovative workflows.
Ethereum surged 8% to $4,663, just 5% below its November 2021 all-time high, driven by rising institutional and treasury accumulation. Ethereum-focused treasuries now hold $16.4b in ETH, with Bitmine Immersion Tech leading at 1.2M ETH. July saw a record 127% jump in corporate ETH balances. Analysts cite Ethereum’s DeFi role and tokenization appeal as key growth drivers, while the broader crypto market capitalization rose to $4.1 trillion.
