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What’s New Today: Apple Exec Reveals Secret Behind Custom Chip Success
Fast-Track Insights: European Tech Funding Slows, IPOs Set to Rebound in 2024
Here’s a quick rundown of the biggest tech headlines making waves today. From the Apple Exec Reveals to ITC Limited Hiring, let’s dive into the top tech stories of the day.
Apple's custom chip making strategy, described as its "secret weapon," focuses on designing chips specifically for its products, providing a strategic edge. Apple execs Tim Millet and Tom Boger explained that this approach, unlike traditional chipmakers, enhances control and performance while eliminating third-party margins. Apple began creating its own chips in 2010, starting with the A4, and has since expanded to advanced silicon like the M4 Pro and M4 Max for Mac. Recently, Apple shifted to sourcing chips domestically from TSMC's Arizona plant, aligning with the U.S. CHIPS Act aimed at boosting domestic semiconductor production and reducing reliance on foreign manufacturers.
Funding for European tech startups in 2024 is expected to slightly decline to $45 billion, down from $47 billion in 2023 and significantly below the $101 billion peak in 2021, according to Atomico. While venture funding has slowed, IPO activity is showing signs of revival. With only 11 IPOs in 2024 so far the lowest in a decade a growing number of European companies, including Revolut, Zopa, Bolt, and Klarna, are preparing for public listings. Atomico has identified over 100 potential IPO candidates, with many already hiring CFOs, signaling readiness for market entry. Growth is anticipated in 2025 as funding rebounds.
ITC Limited is hiring an Office Associate for their Kolkata office to assist in the execution and implementation of learning and development programs focused on diversity, equity, and inclusion. The role involves administrative tasks, managing L&D program costs, and extensive travel. Ideal candidates should have 0-4 years of experience, preferably with a Master's degree or diploma in Human Resources, Organizational Development, or a related field. Proficiency in learning management systems (LMS) and HR technology is required. The role demands the ability to work independently, strong problem-solving skills, and a passion for continuous learning.
The next wave set to transform industries over the coming years will revolutionize how businesses operate, solve problems, and create value by 2025, powered by autonomous AI agents. Artificial Intelligence will not become what everybody dreamed of it if dependent on human commands but is allowed to make decisions, learn from the environment, and act independently.
Elizabeth Warren of Massachusetts will become the top Democrat on the influential Senate Banking Committee, taking a more critical stance on business, housing, and consumer protection. Known for her progressive policies, Warren aims to push for a more progressive tax system and regulate big corporations, particularly addressing issues like private equity and housing affordability. As a vocal critic of the crypto industry, she will challenge efforts to push a pro-crypto agenda in the new Republican-majority Senate. Warren is also recognized for her key role in establishing the Consumer Financial Protection Bureau, overseeing financial institutions.
