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Good morning, tech fam! Here are some quick tech updates for you to catch on to!
What’s New Today: Microsoft's Majorana 1 chip is making waves in quantum computing, challenging past predictions and boosting stock prices.
Fast-Track Insights: Antler has invested nearly £1 million in eight UK tech startups spanning multiple sectors, fostering innovation and growth.
Here’s a quick rundown of the biggest tech headlines making waves today. Let’s dive into the day’s top tech stories, from Microsoft's quantum breakthrough to Antler’s latest investments.
Microsoft's unveiling of the Majorana 1 chip, which is reportedly less error-prone than competitors, has led to a rise in quantum computing stocks. The chip's introduction challenges Nvidia CEO Jensen Huang's earlier assertion that practical quantum computing is two decades away. Shares of companies like IonQ, Rigetti Computing, and D-Wave Quantum saw increases following the announcement.
Antler has invested nearly £1 million in eight UK tech startups, spanning health tech, edtech, proptech, and fintech. These investments aim to support innovative solutions in their respective sectors, fostering growth and development within the UK's technology ecosystem.
A recent survey by Unstop reveals that 83% of engineering graduates and 46% of business graduates in India lack job or internship offers. The study, encompassing over 30,000 GenZ professionals and 700 HR leaders, also highlights that 51% of GenZ professionals are pursuing multiple income streams through freelancing and side hustles. Notably, gender pay gaps persist, with two-thirds of female arts and science graduates earning below ₹6 LPA, whereas their male counterparts often exceed this threshold. However, pay parity is observed among B-school and E-school graduates.
Artificial intelligence (AI) has transformed resume writing by offering tools that streamline the creation of professional and tailored resumes. Platforms like Enhancv, Resume.io, and Zety provide AI-driven templates and real-time content suggestions, enabling users to craft compelling resumes efficiently. Additionally, tools such as Jobscan optimize resumes for applicant tracking systems (ATS), increasing the likelihood of passing initial screenings. These AI solutions simplify the resume-building process, helping job seekers present their qualifications effectively and stand out in competitive job markets.
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Web3 gaming firm Immutable without pursuing enforcement action. This decision aligns with the SEC's recent trend of easing regulatory scrutiny on cryptocurrency companies. Immutable had previously received a Wells notice, indicating potential securities law violations, but the SEC has now dropped the case.
