NVIDIA Launches Powerful AI Chip; AJVC Secures ₹165 Crore Fund

NVIDIA has announced the launch of its new AI chip, the Rubin CPX, which is designed to process up to one million video tokens each hour. This innovative technology is anticipated to generate approximately $5 billion in revenue by 2026. The Rubin CPX integrates decoding, inference, and encoding capabilities into a single system, marking a significant advancement in AI chip technology.

In another notable development, the venture capital firm AJVC has successfully raised ₹165 crore for its debut fund, exceeding its initial target of ₹100 crore. Founded by Aviral Bhatnagar, AJVC has already made 25 investments since its launch in August 2024, with a substantial 40% of its portfolio focused on AI technology. The firm aims to support an additional 60 to 70 startups by early 2028, indicating strong confidence in the growth potential of the sector.

Infosys Resumes Hiring Amid Technology Expansion

In the corporate sector, Infosys has announced that it will resume hiring after a two-year pause, with plans to onboard 20,000 graduates in 2025. This move aligns with the company’s strategy to enhance its AI and cybersecurity initiatives, particularly through expansion at its Hubballi center. By investing in early-career talent, Infosys is positioning itself for growth in a rapidly evolving technology landscape.

AI Scams and Cryptocurrency in Belarus

Meanwhile, in India, there has been a worrying rise in scams that exploit AI technologies. Fraudsters are using AI to generate fake identities, clone voices, and create deepfake videos to lure victims through convincing job offers, investment schemes, and phishing emails. To mitigate risks, individuals are advised to verify callers, check news sources, and remain cautious of unrealistic offers.

In Belarus, President Alexander Lukashenko is advocating for increased adoption of cryptocurrencies as a response to economic sanctions that have significantly impacted the country’s economy. He noted that crypto-based external payments have already reached $1.7 billion in the first seven months of the year and could potentially rise to $3 billion by the end of the year. This urgent call for action highlights the need for diversification in payment systems to bolster the economy.

As the technology landscape continues to evolve, these developments in AI and investment reveal the dynamic nature of the industry and its far-reaching implications across various sectors.