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Good morning, tech fam; here are some quick tech updates for you to catch on to!
What’s New Today: Amazon's Trainium 2 Targets Nvidia's AI Chip Lead
Fast-Track Insights: Europe's Startups to Raise €40B, CEE Funding Lags
Here’s a quick rundown of the biggest tech headlines making waves today. From the Amazon's Trainium 2 Targets to Meesho Hiring Graduates, let’s dive into the top tech stories of the day.
Amazon is set to launch its next-generation AI chip, Trainium 2, developed by its Annapurna Labs. Designed to challenge Nvidia's dominance, Trainium 2 targets large-scale AI model training and is currently being tested by major players like Anthropic. AWS aims to provide an alternative to Nvidia while continuing to support its hardware. Amazon's Inferentia chips, used for AI model inference, are reportedly 40% cheaper than competitors. To promote adoption, AWS is offering $110 million in cloud credits to AI researchers, enabling free access to its infrastructure and custom chips. Trainium 2 is expected to debut next month.
Europe's tech ecosystem has seen remarkable growth, with investments surging from €13.8B in 2015 to €41.4B in 2024. However, disparities persist between Western Europe and Central and Eastern Europe (CEE). While Europe boasts 358 unicorns, only four are from CEE. Leading nations like Sweden and the UK invest significantly in tech relative to GDP, unlike CEE countries, which invest under 0.10%. Despite a 13% CAGR over the decade, Europe's funding growth lags behind the US.
Challenges like regulatory barriers, fragmented markets, and limited large funding rounds hamper progress. Addressing these gaps is essential for equitable growth across Europe.
Meesho is hiring an Ad Sales Manager – Brands for its Bangalore location. The role involves client engagement, sales strategy development, lead generation, and campaign management. Key responsibilities include analyzing campaign data, collaborating with internal teams, and preparing regular sales reports. Candidates should have a Bachelor’s degree or MBA in Business/Marketing, 3-5 years of e-commerce or digital advertising experience, strong analytical, communication, and negotiation skills, and proficiency in Microsoft Office. The role also involves mentoring junior team members and driving business goals. Applicants should be self-motivated, adaptable, and open to new technologies and strategies.
In this world where technology is moving very fast, there has been something which is artificial and makes magnificent strides: One involves voice cloning. Through this technology, users can realistically reproduce someone's voice with the help of machine learning algorithms. On first inspection, this might seem like a harmless innovation, but it poses huge dangers—for lawmakers and political figures.
Bitcoin surged past $96,000 for the first time, fueled by optimism over a friendlier U.S. regulatory environment under President-elect Donald Trump. The cryptocurrency has more than doubled in value this year, with a 40% jump since Trump's election and the rise of pro-crypto lawmakers. Trump's campaign support for digital assets, including plans to make the U.S. the "crypto capital," has spurred significant investments, with over $4 billion flowing into U.S.-listed bitcoin ETFs. Stocks of crypto-related companies, like MARA Holdings and MicroStrategy, have also soared. The crypto community anticipates regulatory clarity, which could further boost growth.
