What’s New Today: AWS Unveils Free Trainium Chips for Advancing AI
Fast-Track Insights: Pavestone Tech Fund Hits Rs 816 Crore Final Close
Here’s a quick rundown of the biggest tech headlines making waves today. From the AWS Unveils Free Trainium Chips to Logitech Offers Golden Job Opportunity, let’s dive into the top tech stories of the day.
AWS has launched the $110 million "Build on Trainium" initiative, offering free computational resources for AI research using its proprietary Trainium chips. Competing with Nvidia, AMD, and Alphabet, AWS aims to boost Trainium's performance and appeal to large enterprises. Researchers, including those from Carnegie Mellon and UC Berkeley, will leverage 40,000 Trainium chips to develop AI models, ML libraries, and performance optimizations. AWS plans to make Trainium's core specifications public to support custom programming, granting researchers greater control. This open-source initiative also includes Amazon Research Awards and educational funding, aiming to advance AI research and reduce reliance on external hardware.
Hyderabad-based Pavestone has closed its Technology Fund with Rs 816 crore, surpassing its original Rs 600 crore target through green shoe options. The fund will invest in 14-15 early growth-stage B2B technology companies, focusing on enterprise solutions for large and public enterprises, with average investments of $5-10 million. About 80% of the fund targets enterprise tech, while 20% goes to frontier technologies in areas like generative AI, cloud computing, and space. Key backers include the SRI Fund and Mankind Pharma’s family office. Pavestone has already invested in startups like E42, Bellatrix Aerospace, and NewSpace Research & Technologies.
Logitech is hiring a Technical Support Representative for its Chennai, India location, focusing on enterprise video collaboration. Key responsibilities include troubleshooting AV hardware and software issues, resolving escalated support tickets from the Tier 1 team, and guiding Tier 1 staff to handle issues independently. The role requires strong communication skills, adaptability, and expertise in video conferencing (VC) systems, with preferred experience in MS Teams, Zoom Rooms, Google Meet, and Kiosk deployments on Android. Qualifications include 3+ years of AV technical support, 1+ years of VC troubleshooting, familiarity with ticketing systems like Salesforce, and a 4-year degree or equivalent experience.
As the new year approaches, generative AI is transforming our world in exciting ways, from creating art to powering mobile applications. Generative AI is used in artificial intelligence tools for algorithms to create new content like text, images and music. It doesn’t just replicate data; it invents and innovates, which is why so many industries are embracing it to enhance creativity, efficiency, and problem-solving.
Florida Congressman Matt Gaetz has been nominated by President Donald Trump to serve as the U.S. Attorney General. Known for his advocacy of justice reform and cryptocurrency, Gaetz has pushed for reducing political influence within the Department of Justice (DOJ) and enhancing transparency. His nomination aligns with Trump’s broader pro-crypto agenda, which includes efforts to ease regulations on digital currencies and encourage their adoption. Gaetz has also proposed legislation to allow Bitcoin for federal tax payments. Trump’s administration aims to support crypto innovation, with other pro-crypto figures potentially filling key government positions, including Treasury Secretary.