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What’s New Today: Malaysia makes history with the launch of its first locally designed AI chip, the MARS1000, aimed at powering robotics, smart cities, and more.
Fast-Track Insights: Munich-based startup Hyperdrives has raised €3 million to push forward its motorsports-grade hollow-conductor cooling technology, a breakthrough for power efficiency and density.
Here’s a quick rundown of the biggest tech headlines making waves today. Let’s dive into the day’s top tech stories, from Malaysia’s AI chip launch to Hyperdrives’ funding round.
Malaysia has unveiled its first domestically designed edge-AI processor, the MARS1000, by chip-designer SkyeChip. Built on a 7 nm process, it targets applications like robotics, smart traffic, smart cities, industrial automation, and agriculture. The launch signifies the nation’s push into AI chip design amid efforts to expand its semiconductor ecosystem and address global supply chain and export-restriction concerns
Munich-based deep-tech startup Hyperdrives raised an oversubscribed €3 million pre-seed round to commercialize its hollow-conductor cooling technology, which circulates dielectric coolant through copper windings. This approach enables up to three times the continuous current density, improving power density, efficiency, and cost. Founded in 2021, the company plans durability validation, market deployment, and industrial-scale manufacturing with this funding.
Meritz Securities will resume open recruitment for college graduates in the second half of the year, marking its first such hiring since 2010. This move aligns with its expansion into investment banking and retail, aiming to nurture long-term talent. The firm added 61 new staff in Q2, boosted by IT and IB hires, and plans to launch a beta web-trading system next year.
Artificial intelligence now streamlines website creation by enabling anyone to build sites fast and affordably without coding. Using AI-powered builders like Wix ADI, Squarespace AI, 10Web, and Bookmark, users input preferences and receive tailored layouts, content, visuals, and features automatically. AI also helps with SEO and performance optimization, while ongoing insights support continuous updates.
Convano, a Japanese nail-salon operator, plans to raise roughly ¥434 billion (~$3 billion) to purchase 21,000 BTC—0.1 % of total supply—by March 2027. It follows a phased acquisition—2,000 BTC by 2025, 10,000 by 2026—as a hedge against yen depreciation amid economic uncertainty. The move has catalyzed a dramatic stock surge.
