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Speedata, a Tel Aviv-based startup, has secured $44 million in Series B funding to develop analytics processing units (APUs) aimed at enhancing big data and AI performance. Backed by notable investors including Intel CEO Lip-Bu Tan, the company claims its APUs can outperform traditional CPUs and GPUs, significantly reducing processing times for data-intensive tasks, such as completing a pharmaceutical workload in just 19 minutes compared to 90 hours with standard processors. This innovation highlights a shift towards specialized hardware designed for specific computing needs, potentially transforming research and business operations.
Nvidia surpassed Microsoft on June 3, 2025, achieving a market capitalization of $3.45 trillion, driven by its dominance in the AI chip market, where it holds 70-95% share. Despite facing challenges from export controls and tariffs, Nvidia's financial performance remains strong, with a 78% gross margin. The geopolitical landscape complicates its operations, particularly with significant exposure to the Chinese market amid rising trade tensions.
[Bloomberg]
TSMC has delayed the construction of its second wafer fabrication plant in Kumamoto, Japan, due to local traffic congestion complaints linked to its first facility. The company is in discussions with the Japanese government to address these issues before proceeding, with no revised timeline provided. This delay reflects broader challenges in semiconductor manufacturing, including labor shortages and regulatory hurdles affecting global expansion efforts.
IndiaAI's recent empanelment has led to a significant reduction in GPU prices during its second round. This initiative is expected to enhance accessibility and affordability for various sectors relying on advanced computing technologies. The move reflects a growing trend towards cost-effective solutions in the tech industry.
GigaDevice, a Chinese semiconductor company, has established its global headquarters in Singapore to enhance its international presence and supply chain amid a projected 11.2% growth in the semiconductor market. The move reflects the strategic importance of Singapore's neutral positioning and pro-innovation environment, allowing GigaDevice to capitalize on the increasing demand for memory components in AI applications while maintaining its roots in China.
Taiwan Semiconductor Manufacturing Co. (TSMC) has firmly denied rumors of establishing a manufacturing facility in the UAE, with CEO C. C. Wei stating, “we won’t.” This decision aligns with TSMC's strategic focus on mitigating geopolitical risks while capitalizing on the booming demand for AI chips, which is expected to drive significant revenue growth in the coming years. The company's resilient foundry model continues to thrive amid supply chain challenges, reinforcing its dominant position in the global semiconductor market.
Paul Dawalibi has been appointed as the new CEO of RAK Digital Assets Oasis, aiming to establish an innovation hub in Ras Al Khaimah that rivals Silicon Valley. He emphasizes creating a unique environment focused on technology and innovation, moving beyond traditional free zone offerings. Outgoing CEO Dr. Al Ansari praised Dawalibi as a "global icon," highlighting his leadership as vital for the next growth phase of RAK DAO.
ByteDance's acquisition of Tokopedia is viewed as a potential missed opportunity for Indonesia, with concerns about the impact on the local tech landscape. Meanwhile, Da Nang is emerging as a promising startup hub in Vietnam, attracting AI and semiconductor firms with incentives and proactive government support. The rise of "vibe coding" among small, AI-native teams could position Vietnam to produce its next unicorn within two years, shifting its reputation from a mere launchpad for foreign tech companies.
Microsoft is proposing an "open agentic web" that shifts online interactions from user-led to AI agent-based systems, capable of tasks like booking holidays and managing expenses. CEO Satya Nadella highlighted the potential of these agents, while experts caution about the risks of trusting AI with critical decisions due to their lack of awareness of consequences. The vision faces significant technical, ethical, and adoption challenges as major tech companies invest heavily in this transformative approach.
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speedata secures 44 million funding to advance analytics processing units
06:00 04.06.2025
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