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Good morning, tech fam! Here are today's biggest technology updates, covering AI chip investments, billion-dollar startup funding, changing employment trends, smartwatch issues and cryptocurrency security.
What's New Today: Chinese AI chip startup Nano-core has raised over RMB 1 billion in its Series C2 funding round. The investment will support product development and preparations for mass production.
Fast-Track Insights:
Nano-core raises over RMB 1 billion in Series C2 funding for AI chip development.
Kalshi secured $1 billion in fresh funding, taking its valuation to $40 billion in five months.
India's green hiring rises 31% as companies increase demand for professionals with sustainability skills.
Google Pixel Watch users report rapid battery drain, with a software bug suspected.
Binance investigates a reported $6.3 billion crypto security breach, with around $3 billion in affected assets frozen.
Here's a quick rundown of the biggest tech headlines making waves today. Let's dive into the latest developments across artificial intelligence, startup funding, employment, wearable technology and cryptocurrency.
Chinese AI inference chip maker Nano-core Chip has secured RMB 1 billion or more in Series C2 funding round. The startup based in Hangzhou is expected to utilize the funds in the development and preparation for mass production of the product. Three chips made by Nano-core Chip have been taped out and customer testing and initial shipments are set to take place in early 2027.
Prediction market platform Kalshi has raised $1 billion in Series G funding round with co-leads being Sequoia Capital and Wellington Management. This brings the company's valuation to $40 billion. The latest funding represents an 82% increase from its $22 billion valuation in May 2026.
There is an increasing need for individuals with green skills in Indian businesses, according to the LinkedIn Global Green Skills Report 2026. Hiring of green professionals in India increased by 31%, while there was an increase of 29% in the number of green-skilled workers. Hiring of green talent was highest in the utilities sector, followed by oil, gas, and mining, as well as construction. According to the report, 35% of Generation Z people had difficulty finding green jobs.
Owners of Google Pixel Watches have reported an unexpected high rate of battery drain for multiple generations of watches including Pixel Watch 2, 3, 4, and 5. In particular, some of them mentioned that their gadgets do not work for more than 12 hours instead of 24 to 48 hours. Google acknowledged this problem and assured that it is working on a software update.
Binance cryptocurrency exchange is currently investigating a security attack that could cost the exchange up to $6.3 billion in losses and would make it the biggest crypto theft ever recorded. Preliminary findings indicate that the hack might have occurred using an engineer's compromised computer to execute unauthorized withdrawals from the exchange. Withdrawals and deposits to the exchange have been halted, with about $3 billion worth of the hacked assets put under freeze.