The Biden administration is investing $825 million in a new semiconductor research facility in Albany, New York, as part of a broader push to bolster US chip production and reduce reliance on foreign technology. The Albany facility will serve as a primary hub within the National Semiconductor Technology Center (NTSC), which aims to accelerate advancements in chip design and manufacturing, supporting initiatives laid out in the CHIPS and Science Act passed in 2022. Senator Chuck Schumer, a key advocate for the Albany location, said the facility will advance US leadership in semiconductor technology and support high-tech manufacturing jobs.
The Albany site, based at the Albany NanoTech Complex, will focus on developing cutting-edge machinery to enhance chip production. Additional hubs for chip design and packaging will be announced soon. The complex will also feature a state-of-the-art ‘High NA’ machine from ASML, allowing chip makers to create densely packed semiconductors capable of advanced computing. Schumer believes this investment could make New York a significant chip production centre, with companies like GlobalFoundries, Micron, and Wolfspeed also planning expansions in the state.
The CHIPS Act allocated $11 billion for semiconductor R&D and an additional $39 billion for manufacturing subsidies, though the rollout of these funds has faced criticism for delays. Despite challenges, the Biden administration views this program as essential to sustaining growth in high-tech manufacturing, especially in areas like AI, while also reducing design and production costs for American companies. With Albany set to lead the charge, federal officials are hopeful this investment will help the US regain its competitive edge in the global semiconductor industry.
Amid growing geopolitical tensions, Rick Tsai, CEO of Taiwan’s top chip designer MediaTek, emphasised the company’s commitment to regulatory compliance in a recent earnings call. Tsai acknowledged the complex challenges posed by international relations but reassured stakeholders that MediaTek’s strong compliance program is designed to uphold ethical standards across diverse markets. He added that the company “will not do, shall we say, strange things” and is focused on protecting shareholder interests.
Taiwan, home to leading semiconductor firms like MediaTek and TSMC, plays a pivotal role in the global tech landscape, supplying major players in AI, including Nvidia. However, the tech sector faces rising pressures as Taiwan grapples with increasing military threats from China, which claims the island as its territory. Additionally, the upcoming US presidential election adds uncertainty; candidate Donald Trump has criticised Taiwan’s impact on the US chip market, proposing tariffs on imports and suggesting greater restrictions on international tech firms.
MediaTek, a TSMC customer, also contends with existing US limits on partnerships with Chinese tech companies such as Huawei. Recently, TSMC suspended shipments to a client after finding a chip intended for a different product had reached Huawei. Despite these challenges, MediaTek’s stock has risen by 27% this year, reflecting investor confidence in Taiwan’s enduring role within the tech industry.
OpenAI is collaborating with Broadcom and TSMC to develop its first custom-designed chip, while supplementing its infrastructure with AMD chips alongside those from Nvidia to meet high computing demands. OpenAI initially considered establishing its own chip-manufacturing network but set the idea aside due to costs and time requirements. Instead, the company is focused on partnerships and in-house chip design to reduce costs, similar to strategies from industry giants like Amazon, Google, and Microsoft.
Broadcom’s stock rose 4.5% following news of the collaboration, while AMD shares gained 3.7%. The partnership will leverage Broadcom’s experience in fine-tuning chip designs for manufacturing and secure production capacity with TSMC, aiming for the first in-house chips by 2026. OpenAI’s increased use of AMD chips on Microsoft’s Azure platform underscores the growing competition Nvidia faces in the AI chip market, where it currently holds over 80% market share.
With soaring expenses from training and deploying models, OpenAI is seeking to streamline operations and cut compute costs. Nvidia remains an essential partner for OpenAI’s advanced Blackwell GPUs, even as OpenAI expands its chip sourcing to support more affordable, efficient AI development.
CTGT, a startup founded by Cyril Gorlla and Trevor Tuttle, aims to improve the safety and transparency of AI models. Operating in a field known as ‘explainable AI,’ CTGT’s platform identifies biased outputs and hallucinations in AI models, with a particular focus on applications in healthcare, finance, and other high-stakes industries. Rather than training additional models to oversee the AI, CTGT employs mathematically-guaranteed interpretability techniques, allowing companies to identify errors more efficiently and accurately.
CEO Gorlla highlighted the dangers of relying on inaccurate or biased AI decisions, emphasising that models are increasingly deployed in critical areas where errors can have serious consequences. CTGT’s clients include three unnamed Fortune 10 companies, one of which used the platform to correct biases in a facial recognition system. By offering both managed and on-premises solutions, CTGT also addresses data privacy concerns, giving companies control over their information without compromising security.
CTGT has gained support from major investors, including Mark Cuban and the co-founder of Zapier, and is a graduate of the Character Labs accelerator. As the startup expands, it plans to build out its engineering team and enhance its platform to meet the rising demand for AI interpretability. Analytics firm Markets and Markets estimates that the explainable AI sector could reach $16.2 billion by 2028, a promising outlook for companies focused on AI safety and transparency.
ProFuturo and American Tower are expanding their digital education initiative to Nigeria, building on the success of a program initially launched in Kenya. The expansion aims to provide nearly 30,000 students in vulnerable communities across Africa and Latin America access to digital learning opportunities, addressing significant educational inequalities.
Central to this initiative is the training and empowerment of over 1,000 teachers, who will receive essential digital resources and innovative teaching methods to integrate technology into their classrooms effectively. By equipping educators with these tools, the collaboration seeks to bridge the digital divide, ensuring that underserved regions have access to the same educational resources as urban areas.
The partnership aligns with the UN’s Sustainable Development Goals, particularly in promoting quality education and reducing inequalities while also aiming to reduce poverty and inequality within local communities. Additionally, American Tower’s Digital Communities initiative will establish technology-driven spaces that promote digital literacy, vocational training, and healthcare access, serving as vital hubs for learning and development.
Looking ahead to 2030, the partnership aspires to create lasting change, ensuring that all children can succeed in the digital economy and laying the groundwork for a more inclusive and equitable educational landscape in Nigeria and beyond.
Kenya partners with Google to enhance its digital infrastructure and empower its citizens in the evolving digital economy. The collaboration aims to create a robust digital ecosystem that meets current technological needs while anticipating future demands.
Kenya seeks to empower decision-makers with real-time insights by utilising AI and data-driven technologies, enhancing operational efficiency and facilitating effective governance. A key focus of the partnership is revitalising the tourism sector through Google’s technology, attracting more international visitors and showcasing the country’s unique landscapes, wildlife, and cultural heritage.
Additionally, prioritising cybersecurity measures is critical to building trust among citizens and ensuring a secure digital environment. The initiative will also promote skills training to equip Kenyans with essential digital competencies, fostering innovation and creativity while contributing to the overall growth of the nation’s economy.
Through this partnership, Kenya addresses immediate technological needs and lays a foundation for sustainable development in the digital space. By enhancing digital literacy and integrating advanced technologies, the collaboration positions Kenya as a leader in the region’s technological landscape.
Why does it matter?
The comprehensive approach ensures that as the digital economy expands, citizens are well-prepared to navigate the challenges and opportunities that arise, ultimately driving growth and resilience in the face of rapid technological advancements.
San Francisco-based Advex AI has launched publicly at TechCrunch Disrupt 2024, aiming to address data shortages for training AI systems using synthetic imagery. Co-founded by CEO Pedro Pachuca and CTO Qasim Wani, Advex has already secured funding totalling $3.6 million and boasts seven major enterprise clients. Advex’s synthetic data platform uses a proprietary diffusion model to generate thousands of ‘fake’ images from a small sample, helping clients train machine vision systems with limited original data.
Advex’s solution is particularly valuable in sectors like manufacturing, where recognising subtle defects can be crucial but challenging with limited real data. For example, a car manufacturer needing to train a system to detect seat material flaws could upload just a few images of tears, with Advex generating thousands of variations to expand training data. Such applications span industries, from automotive to oil and gas, reducing costs and time associated with real data collection.
While synthetic data isn’t a new concept, Advex distinguishes itself through its custom diffusion model, which Pachuca says is faster and more realistic than traditional simulation methods. Unlike game-engine techniques, Advex’s model can rapidly create images tailored to the data gaps in a client’s specific AI system, helping it operate more effectively in real-world scenarios.
Intel is expected to report its largest revenue drop in five quarters, signalling a possible decline in its market position in data centres and personal computers. CEO Pat Gelsinger faces mounting pressure from shareholders to revive Intel’s status as a leading chipmaker, especially as rivals like AMD capitalise on the surging demand for AI-driven chips. Wall Street analysts anticipate an 8% revenue decline to $13.02 billion, highlighting the urgency for Intel to advance its manufacturing technology and regain competitiveness.
Despite recent moves, including job cuts and securing a chipmaking contract with Amazon, investors remain sceptical. Intel’s market value has fallen below $100 billion, and its stock is down over 50% this year. Calls are growing for Intel to spin off its struggling foundry business, which posted a significant operating loss of $2.55 billion due to high production costs. This manufacturing segment is often blamed for Intel’s weakened gross margins, which are expected to dip to 37.9%.
Intel’s struggles are compounded by a 17% decline in data centre revenue, the company’s 10th straight quarterly drop. Meanwhile, AMD has gained momentum, with its data centre revenue projected to double due to its AI-focused chips. With half of the analysts covering Intel lowering their revenue forecasts, expectations are already low, leaving investors hoping for a strategic turnaround in Intel’s business model.
Google is working on a new AI technology that can take control of web browsers to perform tasks like research and online shopping, according to a report by The Information. The project, code-named ‘Project Jarvis,’ is expected to be showcased in December alongside Google’s upcoming Gemini large language model.
This initiative is part of a growing trend, with competitors like Microsoft-backed OpenAI also aiming to develop AI agents capable of navigating the web autonomously. Unlike current AI models, Google’s new software is designed to interact directly with a person’s computer or browser, potentially handling complex tasks more seamlessly.
The development reflects a broader industry push to create AI systems that can perform internet-based tasks independently, potentially transforming how users interact with technology. Google has not yet commented on the report, but the anticipated December demonstration could offer a glimpse into the future of automated online assistance.
Bayt.com and Saudi Arabia’s Ministry of Communications and Information Technology (MCIT) have signed a Memorandum of Understanding (MoU) to launch the Tech Talent Hub, an initiative aimed at identifying, developing, and retaining top technology talent within the Kingdom. Aligned with Saudi Vision 2030, this project seeks to strengthen the tech and telecommunications workforce, fostering a knowledge-based economy.
The Tech Talent Hub, supported by Bayt.com’s extensive network of over 52 million job seekers, will offer tailored recruitment services, workshops, and ongoing support to connect skilled talent with industry opportunities. MCIT will lead the Hub’s establishment in partnership with Talentera, Bayt.com’s recruitment platform with an Applicant Tracking System (ATS), and provide essential job seeker data to optimise recruitment efforts.
The initiative, scheduled to roll out in three phases over one year, underscores both organisations’ commitment to a sustainable approach to meeting workforce demands and adapting to advancements in the tech sector. Leadership from both MCIT and Bayt.com have expressed commitment to the Tech Talent Hub, recognising its significance for Saudi Arabia’s economic transformation and growth within the technology sector.
They emphasised that the Hub will be critical in nurturing the Kingdom’s tech talent and connecting job seekers with valuable opportunities. This initiative promises to benefit job seekers and employers by enhancing the talent pool, supporting career development, and contributing to the Kingdom’s digital transformation goals under Vision 2030.
