What’s New Today: Huawei, SMIC to Boost New AI Chip Production in China
Fast-Track Insights: Europe Surpasses Asia in Deep Tech Investment Growth
Here’s a quick rundown of the biggest tech headlines making waves today. From the Huawei, SMIC to Boost New AI Chip to Google Hiring CS Graduates, let’s dive into the top tech stories of the day.
Huawei and SMIC plan to mass-produce China's most advanced AI chip, the Ascend 910C, by early 2025, despite facing U.S. sanctions and limited access to advanced chipmaking tools like EUV lithography. Currently, low yields (around 20%) hinder scalability, increasing production costs. U.S. export restrictions and tightening controls on equipment sales have further slowed progress. Nevertheless, the 910C’s superior performance over Nvidia's restricted B20 chip offers a strategic advantage, supported by Beijing’s $48 billion semiconductor fund. However, potential additional U.S. sanctions and geopolitical tensions could further challenge Huawei's efforts to meet domestic demand and reduce dependency on foreign technology.
The 2024 State of European Tech report highlights Europe’s growing prominence in deep tech, with investments surpassing Asia but still trailing the U.S. Europe’s deep tech firms raised $14 billion compared to $52 billion in the U.S., driven by advancements in AI and engineering-heavy ventures. Despite challenges like stringent EU regulations and lower funding compared to the U.S., Europe has transformed its tech sector since 2015, with a sevenfold workforce increase and more billion-dollar companies. Estonia leads in venture capital funding relative to GDP, while major nations like Spain and Italy lag. Optimism persists despite regulatory and funding hurdles.
Google is hiring a Customer Engineer for Infrastructure Modernization in Gurugram, Haryana, Bengaluru, and Karnataka, India. The role involves collaborating with technical sales teams to help customers adopt Google Cloud, designing creative solutions, conducting proofs of concept, resolving technical blockers, and presenting cloud strategies. Key responsibilities include customer problem-solving, technical stakeholder engagement, and guiding cloud migration. Candidates need a Bachelor’s in Computer Science (or equivalent experience) and at least 4 years of cloud-native architecture experience. Preferred qualifications include expertise in Kubernetes, RDBMS, Linux administration, cloud architecture, networking concepts, and AI/ML. Travel may be required.
The upgrade of technology has been started in the year 2023. Several industries have seen a huge improvement in productivity due to the arrival of artificial intelligence. The AI product range covers AI assistants to security applications for different implementations. As a preview, the following generative AI products are sure-to-be-released AI tools of the calendar and can be known as the best AI tools in 2025. In the recent past, the technology world has been abuzz with GenAI technology.
Cryptocurrency, while offering high returns and financial innovation, presents significant ethical concerns. Bitcoin mining consumes vast energy, contributing to environmental harm. Its unregulated nature facilitates illegal activities, including money laundering and ransomware. Additionally, crypto's predatory culture often exploits small investors, with some coins resembling Ponzi schemes. The myth that cryptocurrency democratizes finance is misleading, as wealth remains concentrated among elites. Efforts like Ethereum’s energy-efficient shift to proof-of-stake and regulatory actions aim to address these issues, but challenges persist. Ethical investors face dilemmas, needing to weigh environmental, social, and governance (ESG) principles against crypto’s promises and potential harms.