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What’s New Today: Snapdragon 8 Elite Chip to Debut on OnePlus 13
Fast-Track Insights: FTX Receives Court Approval to Repay Customers Following Bankruptcy Plan
Here’s a quick rundown of the biggest tech headlines making waves today. From the Snapdragon 8 Elite Chip launch to RRB recruitment, let’s dive into the top tech stories of the day.
Qualcomm‘s next-generation chipset, the Snapdragon 8 Elite will be introduced on OnePlus 13.
In a separate post on Weibo, DCS, a well-known source of leaks, mentions that the Snapdragon 8 Gen 4 has been officially renamed to the Snapdragon 8 Extreme Edition. However, this information is not included in Qualcomm's Weibo post.
According to preliminary reports, the Snapdragon 8 Elite is set to include two high-performance cores at 4.0 GHz and six power-efficient cores at 2.8 GHz. Benchmark tests indicate a 35% increase in single-core performance and a 30% enhancement in multi-core performance compared to the 8 Gen 3. It will be manufactured on TSMC's 3nm technology.
The European Investment Bank proposed it would assist in bridging the financial shortfall and expand in Europe. The Europe Investment Bank will be the EU's venture capital and private equity sectors.
This plan was unveiled during a gathering in Luxembourg. It is a part of the EU's strategy to enhance its capital markets and make them more appealing to innovative early-stage companies.
The EIB announced that it would back the expansion of European unicorns by broadening the European Tech Champions Initiative.
Additionally, the EIB, which is funded by the EU's 27 member states, pledged to increase investments in equity and venture debt.
It also helped to establish a new specialized fund aimed at listing technology start-ups by European companies.
Infosys has updated its hiring process. The company has stopped sending out job offer letters and documents by email. Instead, applicants will be able to view their application information by logging into the firm's internal platform.
The updated method is designed to thwart deceptive recruitment tactics, enhance the hiring process, and eliminate the need for physical paperwork.
This change will also deter applicants from casually browsing through job opportunities and negotiating with competitors.
Application process: Infosys' career portal recommends that applicants verify their offer letters using a link provided by the company, which can only be accessed with their login details.
It also highlights an increase in recruitment scams, where scammers spread misleading information and offer bogus job positions.
The Railway Recruitment Board conducts the RRB Junior Exam for the recruitment of Engineer positions. A total of 7951 vacancies are available for the position.
The RRB Junior Engineer exam will be conducted from December 6th to December 13th, 2024.
Applicants will have the opportunity to receive their admission cards starting from December 3rd, 2024. In addition to the RRB Junior Engineer exam, other RRB exam dates have also been announced.
The RRB Junior Engineer application portal was launched on July 30th, 2024, on the RRB website.
Computer Scientist, Andrew Ng's AI Fund announced its first Indian investment in artificial intelligence healthcare firm Jivi on October 8, 2024. However, the amount invested has not been revealed yet.
The Gurugram-based startup helps healthcare professionals by using AI to offer possible diagnoses and treatments. The company also leverages AI to prepare health reports and automate clerical work thereby, supporting medical professionals.
FTX got the green light from the court for its bankruptcy strategy. This will enable it to fully settle debts with up to US$16.5 billion in assets recovered since the once-leading crypto exchange collapsed.
US Bankruptcy Judge John Dorsey approved the wind-down plan at a court hearing in Wilmington, Delaware. John Dorsey says, "FTX's success made it a model case for how to deal with a very complex Chapter 11 bankruptcy proceeding."
This strategy involves a series of agreements with FTX's clients, creditors, US government bodies, and the individuals tasked with shutting down FTX's operations beyond the US.
