In light of global shortages, OpenAI, the company behind ChatGPT, expands into AI chip development

Good morning tech fam, here are some quick tech updates for you to catch on to!

What's New Today:  Juniper Networks Announces 440 Job Cuts as Part of US$59M Overhaul

Fast-Track Insights: Kraken Strengthens Its European Footprint by Purchasing Dutch Crypto Broker BCM

People familiar with the company's ambitions claim that OpenAI, the maker of ChatGPT, is considering developing its artificial intelligence chips and has even considered looking to acquire another company. Recent internal discussions told to Reuters indicate that the corporation has not yet decided to proceed. According to some with knowledge of the situation, however, Apple has been talking about different solutions to the expensive AI chip shortage since at least last year.

In conjunction with a US$59 million reorganization plan, Juniper Networks announced today that it is firing 440 employees. According to the networking vendor's disclosure in an SEC 8K filing, the restructuring approach emerged from an analysis of the company's business goals and is designed to put more of a focus on realigning resources and making investments in long-term growth possibilities.  In its report, Juniper stated that the business "believes the plan will further enable it to continue to prudently manage operating expenses to deliver improved operating margin."

AI chatbots are computer programs that can simulate human conversations using artificial intelligence and natural language processing. AI chatbots can be used for various purposes: entertainment, education, customer service, and more. In this article, we will introduce you to 5 AI chatbots for kids that make learning fun. These chatbots use different technologies, such as speech recognition, computer vision, gamification, and adaptive learning, to provide interactive and educational experiences for kids. Read More

In the Netherlands, Coin Meester B.V. (BCM) will be acquired by Kraken, one of the oldest and safest cryptocurrency platforms in the world. The agreement demonstrates Kraken's dedication to expanding its European clientele by taking advantage of its solid financial standing and highly competitive product line. BCM is one of the Netherlands' oldest and most reputable registered cryptocurrency brokers. The proposed acquisition will allow Kraken to expand its business in the Netherlands and give BCM's clients access to Kraken's wide range of products, market-leading liquidity, high-security requirements, and live client assistance around the clock.