Blue Cloud Softech Partners with Israeli Firm for AI Chips

Blue Cloud Softech Solutions Limited (BCSSL) has announced a significant partnership with an Israeli semiconductor design firm, entering into a strong USD 150 million agreement to co-develop Edge AI chips in India. The five-year technology transfer deal encompasses shared revenue, intellectual property rights, and hardware design transfer. BCSSL plans to develop a software stack tailored for applications in the industrial and defense sectors, aiming to provide real-time intelligence, reduce latency, and ensure secure data processing for AIoT and automation applications.

In another development, the Barcelona-based startup Kabilio has successfully secured €4 million in pre-seed funding, which was led by Visionaries Club and Picus Capital, along with an additional €200,000 from ENISA. Founded by José Ojeda and Álex Valls, Kabilio is leveraging generative AI to automate repetitive accounting and tax tasks, enhancing accuracy and simplifying collaboration between firms and clients. The funds will facilitate team expansion, improve the platform’s exchange features, and support plans for broader operations across Spain.

The Central Public Works Department (CPWD) in India is preparing to announce over 8,500 vacancies for Accounts and Supervisor/Clerk roles as part of its 2025 hiring initiative. The Supervisory positions require candidates to possess a graduate degree, while the Clerk roles are open to individuals who have completed their 12th grade. Eligible candidates must fall within the age range of 18 to 45 years. Although an official notification has yet to be released, details regarding qualifications, salary expectations, and selection procedures are already outlined in preliminary reports.

Additionally, an article has surfaced detailing how individuals can create a custom Generative Pre-trained Transformer (GPT) without needing programming skills. The process utilizes AI platforms that guide users through setting clear instructions, uploading files for specialized knowledge, and testing for accuracy. These custom GPTs can automate repetitive tasks, boost productivity, and deliver consistent output across various domains, including education, business, and customer support. Privacy and ease of updates remain critical elements in this development.

In financial technology news, Gemini, co-founded by Tyler and Cameron Winklevoss, has filed an application with the US Commodity Futures Trading Commission (CFTC) to introduce prediction market contracts. If granted approval, Gemini aims to launch a designated contract market, positioning itself to compete with existing players like Kalshi and Polymarket in the burgeoning prediction market sector. The exchange, which previously raised USD 425 million in its IPO, plans to offer contracts related to economic, political, financial, and sports events.

These developments illustrate the ongoing evolution within the technology and finance sectors, highlighting significant investments, innovations, and employment opportunities across various industries.