Tesla is negotiating with Intel to produce its new AI5 chip, a move that could drastically reduce production costs to just 10% of those for Nvidia’s equivalent. At a recent shareholder meeting, CEO Elon Musk highlighted the ambitious goal of not only cutting costs but also lowering power consumption by one-third. Although a formal agreement has not yet been signed, the potential partnership holds significant implications for the AI-hardware market.
Finnable Secures Rs. 250 Crore in Funding Round
In a separate development, Bengaluru-based fintech company Finnable has successfully raised Rs. 250 crore from investors Z47 (formerly known as Matrix Partners) and TVS Capital. This latest funding round boosts Finnable’s total capital to Rs. 540 crore. The company plans to allocate these funds towards technology upgrades, expanding its branch network, and launching new offerings, including a loans-against-property product. As of June 2025, Finnable’s assets under management reached Rs. 2,924 crore, reflecting its growth in the competitive Indian fintech landscape.
The recent funding highlights the increasing investment in India’s financial technology sector, which is expected to expand significantly. Analysts predict that the banking, financial services, and insurance industry in India will generate approximately 250,000 new jobs by 2030, particularly in tier-2 and tier-3 cities. As the sector evolves, candidates with strong digital literacy and customer service skills will be in high demand.
Transformations in the Cryptocurrency Market
In the realm of digital assets, traditional holders of major cryptocurrencies like Bitcoin are diversifying their investments by turning to lesser-known tokens. This shift is largely driven by a slow market for major coins and the emergence of digital asset treasury firms seeking higher returns. While this trend presents new opportunities, analysts caution that investing in more exotic and less liquid tokens could lead to increased market volatility and risks for investors.
Overall, both Tesla’s potential partnership with Intel and Finnable’s notable funding round underscore a period of significant innovation and investment in technology sectors globally. As companies continue to push boundaries, the implications of these developments will likely resonate across various industries.
