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Malaysia's Silicon Valley ambitions face tough challenges
Economic Times
·
4m ago
Medial
Malaysia aims to become a major semiconductor player, leveraging the rising AI-driven demand. A recent $250 million deal with Arm targets local chip production within seven years. However, challenges like a talent shortage, funding issues, and supply chain gaps hinder competitiveness against giants like Taiwan and South Korea. Initiatives include upskilling 10,000 engineers and infrastructure development. Despite existing strengths in back-end chip production, Malaysia must navigate these hurdles to meet its ambitious 2030 sales targets.
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Related News
Can China tech find a home in Silicon Valley?
Economic Times
·
11m ago
Medial
Amid a lasting slump in China's economy and increased government restrictions, Chinese tech professionals are flocking to Silicon Valley for opportunities they don't believe are available in China anymore. The heightened tensions between China and the United States make it tough to operate as a Chinese-based business with international ambitions, despite the potential in Southeast Asia, the Middle East, and Africa. Many venture capitalists who previously invested in Chinese startups are now finding it difficult to enter cutting-edge technology sectors in both China and the US. Despite the challenges, some Chinese investors still see potential in smaller startup opportunities in Silicon Valley.
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Facebook laying off Metaverse employees
Futurism
·
1y ago
Medial
Meta, formerly Facebook, is reportedly laying off employees in its Reality Labs division, particularly the Facebook Agile Silicon Team (FAST) tasked with custom silicon development for the metaverse. The move raises questions about Meta's ability to compete in the metaverse space and develop its own silicon chips, which has been a costly endeavor. This follows previous layoffs and challenges in the development of in-house chips for AI efforts, highlighting concerns about the company's metaverse ambitions.
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Silicon Valley’s Next Mission: Help the U.S. Catch China and Russia in Hypersonic Weapons
Livemint
·
1y ago
Medial
Venture capitalists in Silicon Valley are investing hundreds of millions of dollars into the development of hypersonic weapons technology. The U.S. military has lagged behind China and Russia in the development of hypersonic missiles, leading to increased interest from Silicon Valley in filling this gap. Startups in the sector are pitching their expertise and private capital to lower costs for the Defense Department. Venture capitalists have invested over $500 million into U.S. hypersonic startups in the past two years. However, the commercial tech sector faces challenges in dealing with the complexities of the defense industry.
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Seriously, What Is ‘Superintelligence’?
Wired
·
1m ago
Medial
Meta has invested in Scale AI to enhance its AI capabilities and establish a superintelligence research lab, aiming to compete with leaders like OpenAI and Google. This strategic move grants Meta access to valuable AI training data and top talent. The concept of "superintelligence" involves developing AI surpassing human brain capabilities, aligning with Meta's ambitions to advance in the AI race. This also highlights the intense competition and high compensation for AI talent in Silicon Valley.
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Chinese tech investors struggle for a toehold in Silicon Valley
Economic Times
·
11m ago
Medial
Chinese tech professionals are increasingly flocking to Silicon Valley in search of opportunities they believe are no longer available in China. With China's economy in a slump and the government tightening regulations on private companies, many investors and entrepreneurs are seeking the next China for growth. The United States, with its size and potential, has become an attractive market. However, both the US and Chinese governments have made it difficult for Chinese-based businesses to operate, hindering investment in cutting-edge technologies. Despite these challenges, venture capitalists still see potential in Silicon Valley for small startup investments.
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We should go beyond B'luru, build our Silicon Valley of India: Piyush Goyal
Inshorts
·
10m ago
Medial
Union Minister Piyush Goyal said India should aspire to go beyond and create its own 'Silicon Valley of India'. Speaking at an event on Tuesday, Goyal added, "I know Bengaluru does take pride in being the Silicon Valley of India, but it is time now to think about creating a whole new township dedicated to entrepreneurs, startups, innovators and disruptors."
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As 2024 begins, Silicon Valley wants you to be optimistic about AI
Gizmodo
·
1y ago
Medial
In Silicon Valley, the tech industry continues to push bizarre and sometimes wasteful products onto consumers. AI is currently the hottest industry, promising new, but sometimes useless or nonsensical products in 2024. From chatbots to AI-generated music, the industry seems to be focused on eliminating human labor and contributing to the erosion of the middle class. Stay tuned for more developments in Silicon Valley this year.
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China is building the future of AI, not Silicon Valley, says Alibaba Cloud founder - The Economic Times
Economic Times
·
7d ago
Medial
Wang Jian, Alibaba Cloud founder, emphasized that China, not Silicon Valley, is leading AI development due to innovative foundational models like Qwen and DeepSeek. He highlighted the need for the right talent over expensive hires and criticized the talent poaching culture in Silicon Valley. Wang advocated for focusing on innovation rather than patents and underscored China's role as a testbed for new technologies, positioning it advantageously in AI advancement.
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Silicon Valley now deeply enmeshed in all things Trump: Indian American venture capitalist
Economic Times
·
7m ago
Medial
Silicon Valley has become intricately involved with the Trump administration, as top minds are being recruited, according to Indian American venture capitalist Asha Jadeja Motwani. President-elect Trump has appointed key Silicon Valley figures like David Sacks and Sriram Krishnan to significant roles. Motwani, an early Trump supporter, is a prominent investor in Indian startups. Her Motwani Jadeja Foundation is highlighting India's startup ecosystem at the 2025 Consumer Electronics Show, featuring ten innovative Indian companies.
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Los Angeles Startup Funding Plummets 73% to $6.9B in 2 - DeepNewz
deepnewz
·
1y ago
Medial
The recent decline in venture capital funding indicates the difficulties Los Angeles has encountered in maintaining its status as a prominent tech center. Despite its aspirations to become a viable alternative to Silicon Valley and New York, the city has struggled to attract and retain investors. This setback sheds light on the challenges faced by Los Angeles in establishing itself as a thriving tech hub.
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