Top Tech News: Microsoft’s Majorana 1 Chip Fuels Quantum Computing, Antler Backs UK Startups, and More
Good morning, tech enthusiasts! Here’s a quick look at the top tech stories making headlines today.
1. Microsoft’s Majorana 1 Chip Boosts Quantum Computing Stocks
Microsoft’s unveiling of the Majorana 1 chip has caused a stir in the quantum computing world. The chip, reportedly less prone to errors than its competitors, has led to an increase in stock prices for companies involved in quantum computing. This announcement directly challenges the previous assessment by Nvidia CEO Jensen Huang, who had estimated practical quantum computing to be two decades away. Following Microsoft’s announcement, shares of IonQ, Rigetti Computing, and D-Wave Quantum experienced gains.
2. Antler Invests Nearly £1M in Eight UK Tech Startups Across Multiple Sectors
Antler, a global early-stage venture capital firm, has committed nearly £1 million to eight UK tech startups. These startups represent a diverse range of sectors, including health tech, edtech, proptech, and fintech. The investments are designed to support innovation and encourage growth within the UK’s technology ecosystem.
3. High Unemployment Among Engineering Graduates in India
A recent survey conducted by Unstop reveals a concerning trend among recent graduates in India. According to the study, 83% of engineering graduates and 46% of business graduates currently lack job or internship offers. The survey included over 30,000 GenZ professionals and 700 HR leaders. The findings also indicated that 51% of GenZ professionals are seeking multiple income streams through freelancing and side hustles to supplement their income. Furthermore, the survey exposed a gender pay gap, with two-thirds of female arts and science graduates earning below ₹6 LPA, while their male counterparts frequently surpass this threshold. However, a more balanced pay scale was observed amongst B-school and E-school graduates.
4. Enhancing Resume Creation with AI-Powered Tools
Artificial intelligence (AI) continues to revolutionize the job market, particularly in the realm of resume writing. AI-powered tools are streamlining the process of creating professional and personalized resumes. Platforms like Enhancv, Resume.io, and Zety offer AI-driven templates and real-time content suggestions, helping users craft compelling resumes efficiently. Tools such as Jobscan further assist by optimizing resumes for applicant tracking systems (ATS), which increases the odds of passing initial screenings. These AI solutions aim to simplify resume building, empowering job seekers to effectively showcase their qualifications and stand out in a competitive job market.
5. SEC Ends Investigation into Immutable
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Immutable, a Web3 gaming firm, without pursuing enforcement action. This decision aligns with the SEC’s recent trend of easing regulatory scrutiny on cryptocurrency companies. Immutable had previously received a Wells notice, indicating potential securities law violations, but the SEC has dropped the case.
