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Good morning, tech fam; here are some quick tech updates for you to catch up on!
What’s New Today: TSMC is launching its new design centre in Munich by Q3 2025 to create AI-focused, energy-efficient chips for the European market.
Fast-Track Insights: Nvidia’s $130.5 billion record revenue is under threat as AMD, Intel, and DeepSeek bring fresh heat to the AI chip race.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from TSMC’s bold Munich expansion to Nvidia’s growing AI chip challenge.
TSMC will open a chip design centre in Munich in Q3 2025 to support European clients in developing high-performance, energy-efficient chips for automotive, industrial, AI, and IoT applications. This initiative complements its €10 billion Dresden plant, part of the European Semiconductor Manufacturing Co (ESMC) joint venture, aiming to bolster Europe's AI capabilities through advanced manufacturing processes.
Nvidia achieved a record $130.5 billion in revenue for FY25, driven by strong demand for its AI chips. However, competition intensifies as AMD and Intel advance their AI chip offerings, and China's DeepSeek introduces a cost-effective AI model. These developments pose potential challenges to Nvidia's dominance in the AI chip market.
A study by venture capital firm SignalFire indicates that major tech companies, including Apple, Amazon, Google, Meta, Nvidia, Microsoft, and Tesla, have reduced their hiring of recent college graduates by over 50% since 2022. As AI technologies automate routine tasks, firms are prioritizing experienced hires for roles in machine learning and data engineering, leaving fewer opportunities for new graduates. Currently, only 7% of hires in large tech firms are recent graduates, down from 14% in 2019. The trend suggests a growing preference for adaptable, generalist engineers proficient in AI tools over traditional entry-level candidates.
Google's Veo 3, unveiled at the 2025 I/O conference, is an AI-powered video creation tool developed by DeepMind. It transforms text and image prompts into high-definition videos with synchronized audio, including realistic voiceovers and ambient sounds. Veo 3 enhances motion accuracy and lip-syncing, producing natural character movements. Accessible via the Gemini app under the $249.99/month AI Ultra plan, it offers potential for filmmakers, marketers, and educators. However, its high cost and ethical concerns about synthetic media raise questions about accessibility and responsible use.
A Russian national has been arrested in Seoul for his involvement in a violent cryptocurrency robbery where a Chinese investor was ambushed and robbed of $730,000. The incident occurred during a meeting regarding a cryptocurrency transaction. While the Russian suspect is in custody, two accomplices remain at large. South Korean authorities are intensifying efforts to apprehend the remaining suspects.
