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Good morning, tech fam; here are some quick tech updates for you to catch up on!
What’s New Today: Meta will begin producing its custom AI chip, codenamed Iris, in September to power its expanding AI infrastructure and reduce reliance on Nvidia and AMD.
Fast-Track Insights: AI coding startup Cursor has secured fresh funding, raising its valuation to $50 billion as demand for AI-powered software development tools continues to grow.
Closing Line: Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from Meta's AI chip production plans to India's AI-driven hiring trends and the latest developments in Pakistan's crypto regulation.
Meta will start making its own AI chip in September to support its growing AI projects. The new chip will help the company reduce its dependence on Nvidia and AMD, lower costs, and improve performance. It is being built with Broadcom and manufactured by TSMC for Meta's AI systems.
Cursor, an AI coding startup, has raised new funding that values the company at $50 billion. The investment shows that many investors believe AI coding tools have a strong future. As more businesses use AI to help developers write code faster, Cursor continues to grow quickly in the market.
Companies in India are changing the way they hire people. Instead of hiring many employees, they now look for workers with AI skills and the right experience. Businesses want people who can solve problems and adapt quickly, making AI knowledge an important skill for job seekers in today's changing job market.
AI agents work better when they use clear instructions, remember important information, and access the right data. Regular testing, choosing the right tools, and checking speed, accuracy, and cost help improve their performance. These simple steps make AI agents faster, smarter, more reliable, and ready for real-world tasks.
Pakistan’s crypto chief, Bilal bin Saqib, has asked for more discussions after a leading Islamic scholar said crypto payments are not allowed under Shariah law. He said each cryptocurrency should be reviewed separately by experts in both technology and Islamic finance to support safe and clear rules for investors.
