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What’s New Today: AWS Gears Up with AI Chips to Compete in the AI Revolution
Fast-Track Insights: Vyomastra’s $1.5M Funding Fuels Drone Tech Breakthroughs
Here’s a quick rundown of the biggest tech headlines making waves today. From the AWS Gears Up with AI Chips to Intel Hiring, let’s dive into the top tech stories of the day.
Amazon's AWS is stepping up its AI game with new models, in-house chips, and the Nova foundation model to compete with Microsoft and OpenAI. At its re:Invent event, AWS unveiled Trainium2 chips, aiming to lower costs and challenge Nvidia’s dominance, and announced Apple as a chip customer. AWS also introduced an ultracluster for supercomputing power and emphasized supporting AI startups with cloud credits. CEO Andy Jassy highlighted a customer-focused AI approach, while analysts noted growing competition and rapid tech adoption. AWS’s edge lies in machine learning workloads, but retaining customers amid antitrust scrutiny remains a key challenge in the AI race.
Mysuru-based defence tech startup Vyomastra has secured $1.5 million in funding from a prominent U.S. family office to advance its indigenous anti-drone and UAV technologies. The startup focuses on cutting-edge radar systems to detect and neutralize drone threats, versatile aerial platforms for surveillance and logistics, and AI-powered drone solutions. With over 75% localization, Vyomastra integrates NavIC-based navigation, advanced sensors, and efficient battery systems to enhance precision and performance. Committed to self-reliance, Vyomastra strengthens India’s defence capabilities, reduces import dependence, and nurtures a domestic UAV ecosystem, positioning itself as a leader in the growing global counter-drone and drone technology markets.
Intel is hiring a Service Providers Account Executive for their New Delhi location. The role involves advocating Intel products, managing strategic relationships with telecom operators and enterprise customers, and driving sales through a solutions-led approach. Candidates should have 3+ years of experience in solution selling, with a successful track record in enterprise or telecom accounts. Strong business acumen, account management skills, and the ability to work in a fast-paced environment are essential. A Bachelor’s degree is required, and a Master’s degree is a plus. Intel encourages diverse candidates and values self-motivation and the ability to manage multiple projects.
Hong Kong’s securities regulator has approved four more cryptocurrency exchanges, bringing the total licensed virtual asset trading platforms in the city to seven. The newly licensed exchanges are Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology. This move is part of Hong Kong’s effort to remain competitive as a global digital asset hub, amid increasing competition from other jurisdictions like Singapore and Dubai. The city has also launched Asia's first spot bitcoin and ether ETFs, which could reduce management fees and attract more investors. Bitcoin recently reached a record high of over $107,000.
Artificial intelligence is disrupting industries, and there’s no stopping it. Now, investors are also reaping all the rewards from the same with the top-performing AI stocks. While December is also shaping up to be a lucrative month for everyone in the stock market, the new AI companies are taking charge. This article sheds light on the best AI stocks to invest in for delivering impressive returns by the end.
