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What’s New Today: India is boosting its semiconductor capabilities with significant investments, policy support, a skilled workforce, and partnerships to reduce import reliance.
Fast-Track Insights: Vast Data may raise billions from CapitalG and Nvidia, reaching a $30 billion valuation amid rising AI infrastructure investments and IPO speculation.
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 boosting its semiconductor capabilities to TCS's layoff of 2% of its workforce.
India is rapidly advancing its semiconductor mission with strong policy backing, Rs 76,000 crore in funding, and global collaborations. Key projects from Tata, Micron, and others aim to boost domestic chip production and design. With support for startups, skill development, and new design centres, India targets a $100–110 billion market by 2030. SEMICON India 2025 highlights the country's growing global presence in the semiconductor value chain.
Alphabet's CapitalG and Nvidia are in talks to invest in Vast Data, valuing the AI infrastructure firm at up to $30 billion. Vast Data, which serves clients like xAI and CoreWeave, reported $200 million in ARR with projections to reach $600 million next year. With prior funding of $380 million and a valuation of $9.1 billion in 2023, the company is considered a strong IPO candidate with mature storage technology for AI systems.
TCS's layoff of 2% of its workforce has sparked widespread concern in India's IT sector. Though cited as a skill mismatch, the move reflects deeper structural issues, including job saturation, stagnant salaries, and AI's looming impact. As hiring slows and automation rises, the traditional IT employment model is under pressure. This shift highlights the urgent need for diversified job creation, affordable skilling programs, and reforms in India's education and economic policy.
Google AI transforms learning by converting static PDFs into interactive, personalized video lessons. These videos include audio narration, animations, and assessments, enhancing engagement and comprehension. The system adapts to learners' needs, supports multiple languages, and allows collaboration between teachers and students. While concerns remain over AI reliance and data privacy, the technology aims to assist educators, making learning more accessible, dynamic, and inclusive without replacing traditional teaching methods.
Central South Korean banks, including Shinhan, Woori, Kookmin, and KEB Hana, are forming crypto task forces and internal units to prepare for upcoming legislation on stablecoins and digital assets. These institutions are developing business plans, applying for trademarks, and forming consortia to gain early market entry. With pro-crypto reforms expected, banks strategically position themselves to lead in custody services, stablecoin issuance, and broader blockchain-based financial infrastructure.
