What’s New Today: Huawei Advances AI Chip Plans Despite Yield Challenges
Fast-Track Insights: Rio Tinto’s Lithium Startup Gears Up for Second Fundraising Round
Here’s a quick rundown of the biggest tech headlines making waves today. From the Huawei Advances AI Chip to Axis Bank Hiring Graduates, let’s dive into the top tech stories of the day.
Huawei is moving forward with its ambitious AI chip development plans, undeterred by challenges in production yields. The company aims to strengthen its position in the competitive semiconductor market, focusing on innovation and advanced manufacturing techniques. Despite concerns about yield rates, Huawei’s commitment highlights its determination to lead in AI-driven technologies. Industry analysts view this as a strategic move to reduce reliance on external suppliers and bolster China’s tech ecosystem. As global demand for AI chips surges, Huawei’s efforts underscore its resilience and focus on long-term growth, positioning itself as a key player in the next wave of AI advancements.
ElectraLith, a Rio Tinto-backed lithium tech startup, is set to close an oversubscribed A$27.5 million ($17.8 million) funding round despite challenges in the global lithium and venture capital markets. Based in Melbourne, the company is developing a groundbreaking filtration technology, DLE-R, to extract lithium from brine deposits without water or chemicals, making it ideal for arid regions like Chile's Atacama Desert. This energy-efficient process converts brine into lithium hydroxide and reinjects the residue into aquifers. As the direct lithium extraction (DLE) market is projected to exceed $10 billion annually within a decade, ElectraLith aims to revolutionize lithium production.
Axis Bank is hiring Business Development Associates for its New Delhi location. This front-line sales role involves acquiring new customers, building relationships, and promoting banking and investment products. Responsibilities include identifying sales opportunities, managing existing customer relations, achieving sales targets, and ensuring compliance with financial regulations. The role requires daily customer engagement and travel. Ideal candidates are graduates with up to two years of experience, strong communication skills, and the ability to generate leads, meet deadlines, and work in a team. Applicants must have proficiency in English and the local language, with a focus on customer satisfaction and sales excellence.
In recent years, it has been noted that businesses and industries worldwide are embracing Artificial intelligence as an intelligent disruptive technology. Within this context, focused attention is paid to comparing similarities and differences in AI adoption worldwide. The blog will survey AI advancements by country around the world. Discussed below are some of the leading countries excelling in AI and its utilization considering the resources in civilization.
Telegram's operations remain unaffected despite founder Pavel Durov's detainment in France on charges related to platform moderation. The company's financial disclosures reveal a surge in digital asset holdings, rising from $400M to $1.3B in early 2024, and $525M in revenue, up 190% from 2023. Proceeds from Toncoin sales and a terminated exclusivity deal contributed significantly to its earnings. Telegram reported a $335M profit in H1 2024, marking a potential first annual profit. The company continues to strengthen content moderation practices and expand monetization through ads and premium subscriptions, with plans to float by 2026.