Top Tech News: OpenAI Collaborates with Broadcom and TSMC on First Chip; Elon Musk's xAI Seeks Funding, Targeting $40 Billion Valuation

OpenAI partners with Broadcom and TSMC to develop its first chip. On the other hand, Elon Musk's xAI is in discussions to raise funds, aiming for a valuation of $40 billion
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Good morning, tech fam; here are some quick tech updates for you to catch on to!

What’s New Today: OpenAI Collaborates with Broadcom and TSMC on First Chip

Fast-Track Insights: Elon Musk's xAI Seeks Funding, Targeting $40 Billion Valuation

Here’s a quick rundown of the biggest tech headlines making waves today. From Broadcom and TSMC on the first chip launch to TCS hiring, let’s dive into the top tech stories of the day.

OpenAI Collaborates with Broadcom and TSMC on First Chip

OpenAI is partnering with Broadcom and TSMC to create its first in-house chip for AI systems. To address rising infrastructure demands, the company is also incorporating AMD chips alongside Nvidia. OpenAI has shelved its ambitious foundry plans due to high costs and time constraints, focusing instead on in-house designs.

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Elon Musk's xAI Seeks Funding, Targeting $40 Billion Valuation

Elon Musk's AI startup, xAI, is negotiating with investors for funding that could value the company at $40 billion, according to the Wall Street Journal. The startup aims to raise several billion dollars in this early-stage funding round, following a $6 billion Series B that valued it at $24 billion.

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TCS Plans to Hire 40,000 Freshers by March 2025

Tata Consultancy Services (TCS) added 5,726 employees in Q2 of fiscal year 2025, following the addition of 5,452 in Q1, reversing a previous decline. As of September 2023, TCS's total workforce reached 612,724. Chief HR Officer Milind Lakkad stated the company plans to hire 40,000 freshers by March 2025 and has already started campus recruitment for FY26, emphasizing its strong talent base for technology transformations.

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Predictive Text AI: Pros and Cons

Predictive text AI is everywhere in our digital lives today, from using it through smartphone keyboards to generating whole content through other tools. These algorithms make guesses about what your next word or phrase is, all based on language patterns. Predictive text is an AI improvement for anyone to type faster and more effectively. Yet any technology can have both pros and cons. Let's look more closely at both.

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Binance Becomes First Crypto Exchange to Serve Wealth Managers

Binance has launched Binance Wealth, the first technological solution for wealth managers in the crypto space, enabling them to onboard clients and provide investment recommendations while maintaining discretionary control. Wealth managers must apply for access and can support clients through KYC/KYB verification. This solution addresses high-net-worth clients' demand for cryptocurrency exposure, allowing them to diversify portfolios with trusted guidance from their wealth managers.

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