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What’s New Today: Nvidia faces delays restarting H20 chip sales to China due to US bans and lost TSMC production capacity.
Fast-Track Insights: Kris Fredrickson launches $175M Verified Capital to fund AI startups, backing a few high-potential firms with support from tech and finance leaders.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from Nvidia resuming H20 AI chip sales to China to LTIMindtree resuming hiring and planning to onboard 5,000 freshers.
As US export rules hinder the possibility of resuming H20 AI chip sales in China, Nvidia is facing setbacks. Initially, the ban led to the cancellation of existing orders as well as the release of time slots at TSMC. Now, the resetting of production might take as long as nine months. While Huang said that supply would increase and licensing could be faster, there have been reports to the contrary concerning Nvidia's immediate resumption of production. Huang also met with President Trump to lobby for continued US dominance in the chip space worldwide.
Kris Fredrickson, a former investor at Instacart and Coatue, has established Verified Capital, a $175 million fund focused on AI startups. The fund is supported by a host of tech heavyweights and institutions and will invest in only 8-10 companies, allowing for concentrated, high-conviction decisions. Early investments include Harvey AI, Atlas, and Perplexity. Fredrickson brings a founder-friendly attitude and a disciplined approach to stock picking, aiming to identify truly game-changing startups that are rewriting industry realities in a fiercely competitive era for AI investment.
LTIMindtree resumed recruitments for freshers, intending to onboard 5,000 graduates this fiscal year, "against which Q1 has already inducted 1,600. The company remains highly utilized at 88.1% and focuses more on AI-driven transformation in the face of macroeconomic uncertainty. Structured onboarding, continuous skilling, and margin growth through AI adoption should be emphasized by Venu Lambu, the CEO. The firm experienced sequential growth in revenue and margins, generating significant momentum that led to a 17% increase in its order book to $1.6 billion.
In 2025, MLD will be offering complimentary AI courses on deep learning, NLP, predictive maintenance, and other related topics. Hands-on projects implemented with Jupyter notebooks and cloud GPU lab environments are the key student activities in these self-paced and instructor-led courses. Students acquire real-world skills in AI, edge computing, and data science, earning certifications upon course completion. They not only cater to beginners but also suit working professionals, providing them with the latest content aligned with industry needs to help them refine their resumes and future-proof their careers.
Indian crypto exchange CoinDCX was subjected to a $44.2 million security breach stemming from a server hack with an internal operational wallet. The company confirmed that no customer funds were affected, and the losses will therefore be absorbed through treasury reserves. The breach led to increased withdrawals with temporary API problems. The co-founders reassured users, CERT-In was informed, and investigations with global security companies are ongoing. The services are fully operational, the infrastructure has been restored, and the company has pledged continued transparency.
