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chip

Will China’s new policy help to tackle the chip talent shortage?

China is stepping up efforts to cultivate domestic semiconductor ability as it attempts to quickly fill a skills gap that has been exacerbated by American efforts to restrict Beijing’s access to cutting-edge chip technology.

Thanks to increased funding for prestigious universities and a boom in smaller, private schools with an emphasis on shorter-term education, enrollment in undergraduate and graduate programs has increased over the past five years.

chip
Image Source: theprint.in

While entry-level salaries have doubled, certain graduates with degrees in other fields are being drawn into the expanding sector. A white paper estimates that China will be short 200,000 industry employees this year.

Also Read: Why are OPPO and OnePlus exiting the UK and Europe markets?

Closing this gap is becoming even more crucial since the U.S. wants to cut China out of global supply chains due to concerns that any advanced chips it produces will ultimately be used by China’s military.

Liu Zhongfan, a member of the Chinese Academy of Sciences, told local media earlier this month that China needs to prioritize developing talent even over finding quick fixes to its supply-chain problems.

Students and experts, however, told Reuters that more modern schools in Taiwan and the US give more practical industry experience than China’s emerging chip curricula. According to a poll conducted in 2022 by the Chinese research company ICWise, more than 60% of students majoring in chip engineering in China graduate without having held a relevant internship.

Professors at Chinese colleges are frequently rewarded for writing papers rather than imparting cutting-edge techniques that are helpful in a company lab or chip manufacturing facility.

Taiwan Semiconductor Manufacturing Co. (TSMC), a leading chip manufacturer, has set up research facilities at four universities in Taiwan. In China, there have been some moves in this direction. Semiconductor Manufacturing International Corp (SMIC), its largest chip foundry, announced in 2021 the establishment of a School of Integrated Circuits at Shenzhen Technology University.

According to Hu Yunwang, founder of a Shanghai-based employment agency for chips, the average yearly salary for an entry-level engineer in the industry has increased since 2018, from approximately 200,000 yuan ($28,722.43) to 400,000 yuan, underscoring the supply-demand imbalance.

Also Read: Accenture to Cut 19000 Jobs as IT Spending Slows

With chip engineering training programs that claim to offer a fast track and primarily target graduates who specialized in a topic tangentially associated with chip engineering, several private schools have popped up to provide a temporary answer.

A former engineer from Arm Ltd. founded EeeKnow in Shanghai in 2015, offering in-person courses on topics like “Cortex-M3 MCU front-end design and verification in 60 days,” costing between 2,000 and 4,000 yuan.

Dark and Darker

Why is Dark and Darker no longer on Steam?

Renowned hardcore action RPG Dark and Darker, created by Ironmace, is still embroiled in legal issues because Nexon, the distributor from South Korea, issued a cease-and-desist order that caused Steam to remove the game.

The DMCA takedown notification that Nexon has issued is the most recent in a string of legal actions the company has taken against the hapless independent publisher.

Dark and Darker
Image Source: wccftech.com

It all started with claims that former employees had used stolen assets and codes in Dark and Darker. In Dark and Darker, gameplay that is reminiscent of Escape from Tarkov’s survival extraction is combined with aspects of traditional dungeon crawling.

Also Read: Is it possible to transfer games between PCs and Steam Deck?

Dark and Darker’s gameplay loop immerses players in a hostile dungeon where their objective is to endure until a portal appears and they can escape. Currently, in open beta, the game has experienced a huge increase in popularity and has rapidly risen to the top of the charts on Steam. However, the Korean publisher Nexon has taken note of this achievement.

According to Nexon, the founders of Ironmace were discovered trying to steal code and other resources from the P3 project and then utilizing these assets to make the popular game Dark and Darker.

Although Ironmace has formally refuted these claims, the legal dispute has reached a point where Korean police have recently searched the company’s headquarters. A cease and desist order was issued on March 24 and, apparently overnight, the game was taken down from Steam.

Players first noted that the game’s online functionality, assets, and screenshots had been removed and that the game had vanished entirely from the platform.

The delisting of Dark and Darker from Steam, one of the biggest and possibly the most significant gaming platforms, could deal a fatal setback to the title as it continues to undergo beta testing. Ironmace must submit a Counter-Notice to Steam, agreeing to the authority of a US Federal Court, and describing why Dark and Darker was incorrectly flagged under risk of perjury in order to have the game relisted.

After that, Nexon has 14 days to file a lawsuit against Ironmace in US Federal Court. Steam will relist the game if no suit is launched. To prevent costly litigation, Ironmace and Nexon will probably settle these disputes in a settlement agreement.

Also Read: We may soon get an Xbox mobile gaming store. Is it a good move?

The competitive and well-liked game Dark and Darker is regarded as an independent treasure by many. Nexon has a lot at risk in this conflict as evidenced by its actions, including the removal of the game from Steam and high-profile accusations of theft made by the Ironmace team.

To prove the veracity of its mission and the studio as a whole, Ironmace must succeed. The fate of Dark and Darker and Ironmace as a whole is currently very up in the air, but one thing is for sure: the RPG and the dungeon-delving audience will be eagerly awaiting the outcome of the impending legal dispute

Accenture

Accenture to Cut 19000 Jobs as IT Spending Slows

In the coming 18 months, Accenture PLC will eliminate around 19,000 employees, or 2.5 percent of its staff, as the professional services company strives to reduce expenses and increase operational efficiency in the face of a slowdown in IT spending.

Accenture
Image Source: wsj.com

In a statement on Thursday, the firm, which provides IT consulting as well as other business services, stated that the majority of the workers anticipated to be impacted will be in nonbillable corporate functions. To meet its “strategic growth initiatives,” Accenture stated it is currently hiring.

Also Read: Amazon to Cut 9,000 More Jobs, Deepening Biggest Pullback Ever

The corporation stated that it anticipates spending around $1.5 billion on its business optimization plan between the remaining months of the present fiscal year and fiscal 2024, primarily from employee termination.

According to Chief Financial Officer KC McClure, Accenture employs around 738,000 employees worldwide and has grown by 28,000 over the past two quarters. Beyond what it stated in a 10-Q filing with the Securities & Exchange Commission (SEC), the corporation declined to comment on the cutbacks.

The consultancy business “recognized a chance to pursue more fundamental costs as per The Chief Executive of Accenture Julie Sweet. She added that Accenture has been addressing the issue of accumulating pay escalation through pricing, cost-saving measures, and digitalization.

The IT consultancy firm’s layoffs are associated with a recent wave of job losses as businesses in tech, manufacturing, and some other areas seek to reduce costs in the midst of concern over higher interest rates, ongoing inflation, and other economic issues.

However, until now, large technological businesses such as Amazon.com Inc., Alphabet Inc., & Meta Platforms Inc. mainly shielded IT positions from the massive job cuts.

For the very first time in over two years, the employment market for IT experts fell in January, an indication that as businesses cut spending, IT staffers are receiving the same level of scrutiny as employees in other jobs and industries.

Also Read: Google begins opening access to its ChatGPT competitor Bard

According to Victor Janulaitis, the CEO of consultancy firm Janco Associates Inc., a notable portion of the IT jobs getting eliminated or digitized are in data center operations and telecommunications, while there is still a significant skills deficit in fields such as cybersecurity & software development.

What we are seeing is still a big demand for IT skills,” said Ray Wang, founder and principal analyst at IT consulting firm Constellation Research Inc. “While Accenture is managing to its shareholders, there are a large number of firms with 20% to 30% attrition that is happy to pick up folks from Accenture.”

Source: wsj.com
Twitter

Twitter to Begin Culling Legacy Verified Marks From April 1

Next week, Twitter will start removing the legacy verified marks from user profiles. The company is moving towards a system where only paid subscribers and people who are part of approved organizations have that status.

Since November 2022, Twitter Blue members may also show the blue “verified” checkmark on their profiles. “Legacy verified” accounts on Twitter are those that had already been verified under the prior system. Twitter announced in a tweet on Thursday that the move to eliminate legacy verification will start on April 1.

Twitter
Image Source: japantimes.co.jp

According to the website, on April 1st, it “will start winding down [its] legacy verified program and removing legacy verified checkmarks.” It was always clear that the company wanted to do this.

Also Read: U.S. SEC threatens to sue Coinbase over some crypto products

Elon Musk, the CEO of Twitter, stated that “far too many corrupt legacy Blue’verification’ checkmarks exist” and that the business is going to eliminate them in the upcoming months shortly after Twitter Blue was first introduced in November 2022.

The blue verification mark has become a key component of Twitter’s Twitter Blue subscription service, which Musk initially priced at $8 per month and now touts as the best method to use and advance the service. More paying subscribers, according to Musk, would also help to fix Twitter’s bot issue. According to the company, paying Blue users receive greater priority in searches and replies, which helps combat spam and scams. Additionally, they can edit tweets and get receive much fewer ads.

Just as Twitter Blue subscriptions went global, Twitter made a statement regarding legacy verified users. With this rollout, the service will be available to more people than it was previously. Paying subscribers will also receive a blue tick, have access to 4,000-character tweets, be able to edit their tweets, and benefit from better reply rankings.

If the company wants to reach Musk’s objective of having half of its income come from subscriptions, it must increase the availability of Blue. We’ll just have to see whether or not there are enough customers ready to pay the $8 monthly fee (or $11 if they pay via the iOS app) for its benefits.

Numerous journalists and public personalities are among those designated as verified without the Twitter Blue subscription. During the years that Twitter operated without Musk, this blue tick system assisted in establishing the veracity of assertions and reports emanating from those profiles and elevated Twitter to the status of a reliable news source.

Also Read: Trump returns to YouTube and Facebook after a two-year ban

Musk’s hatred for the old system has frequently been expressed in light of his contempt for journalists, who have frequently been the busiest verified users on Twitter. After largely ignoring journalist inquiries in previous months, Musk this month set the press@twitter.com email account to automatically reply with a poop emoji.

Bard

Google begins opening access to its ChatGPT competitor Bard

Google’s parent company Alphabet Inc began the official launch of its chatbot Bard on March 21 Tuesday, attempting to find users as well as reviews to make headway on Microsoft Corp in such a speedy race in the field of artificial intelligence.

The launch is an important step for Alphabet Inc as it seeks to expand its presence in the AI space. The company has been investing heavily in AI research and development and has made significant progress in developing machine learning algorithms and natural language processing technologies that can be used to power chatbots like Bard.

Bard
Image Source: finance.yahoo.com

Beginning in the United States and the United Kingdom, users can join a waitlist for English-language availability to Bard, which was formerly restricted to authorized testers. Google defines Bard as a collaborative project or experiments with generative AI, a technology that uses previous information to generate rather than recognize content.

Also Read: Amazon to Cut 9,000 More Jobs, Deepening Biggest Pullback Ever

“We’re beginning with the U.S. and the U.K., and will expand to more countries and languages over time,” the company said in a blog post-Tuesday.

Source: economictimes.indiatimes.com

The launch of ChatGPT, a chatbot from a startup OpenAI powered by Microsoft, last year sparked a race in the tech industry to put AI in the palms of more customers. The goal is to transform how people are working while also winning business.

Bard additionally had a feature that displayed three distinct versions or “draughts” of any given answer, which users could toggle between, as well as a button that said “Google it” if a user wanted web results for a request.

“Bard is designed so that you can easily visit Search to check its responses or explore sources across the web. Click “Google it” to see suggestions for queries, and Search will open in a new tab so you can find relevant results and dig deeper. We’ll also be thoughtfully integrating LLMs into Search in a deeper way — more to come,” the company added.

Source: economictimes.indiatimes.com

According to Google, Bard is not capable of producing computer code, unlike ChatGPT. Google also stated that it has restricted Bard’s recollection of previous chat interactions and that it is not currently utilizing Bard for marketing, which is central to Google’s business strategy.

During the illustration, Google pointed out a couple of errors to Reuters, such as how Bard incorrectly asserted ferns needed bright, ambient lighting in reply to one query.

Also Read: Twitch CEO Emmett Shear to step down

Google said it was focused on users and that internal and external testers have turned to Bard for “boosting their productivity, accelerating their ideas, really fueling their curiosity.”

We’re releasing it initially with our lightweight model version of LaMDA. This much smaller model requires significantly less computing power, enabling us to scale to more users, allowing for more feedback,” Google CEO Sundar Pichai wrote in a blog post last month.

Source: economictimes.indiatimes.com
bitcoin

What’s behind bitcoin’s latest surge?

In the midst of a gloomy winter at the beginning of the year, bitcoin was in bad shape after 2022 marked by falling cryptocurrency prices, company scandals, and bankruptcies.

In fewer than three months, bitcoin has regained its luster. It has outperformed other significant commodities this year with gains of over 70%, and on Wednesday, it was trading close to its highest level in nine months.

Image Source: theprint.in

The first and largest cryptocurrency has been through this before; over its 15-year existence, it has experienced both dizzying price increases and drops. Interest rates are driving the increases.

Also Read: Why Google suspended China’s Pinduoduo app?

According to six investors and analysts from the crypto and conventional finance industries who spoke to Reuters, markets anticipate that central bank increases in the cost of credit are reaching their peak, which is expected to support risky assets like bitcoin.

Other factors are also in play, such as the banking industry’s unrest and persistent but unfulfilled hopes that bitcoin will become a widely accepted method of payment. On Sunday, Bitcoin recorded its greatest week in four years and has since increased by 45% in just 12 days.

Suggestions that bitcoin is an asset resistant to risks in conventional finance have gained momentum as the failure of American firms Silicon Valley Bank and Signature Bank served to prompt the takeover of 167-year-old Credit Suisse by competitor UBS on Sunday.

According to Usman Ahmad, CEO of Zodia Markets, a cryptocurrency exchange run by the venture arm of Standard Chartered and Hong Kong-based BC Technology Group, “It’s rather narrow-minded to say that bitcoin is going to succeed because a bank failed. But confidence is almost a critical factor – confidence in the banking system has been damaged.”

Significant changes in bitcoin’s price in the past have been closely related to changes in global monetary policy. Stay-at-home investors fueled a six-fold gain for bitcoin between September 2020-April 2021 as stimulus measures inundated the worldwide financial system during the COVID-19 pandemic.

These actions, combined with growing interest in cryptocurrencies from bigger investors and businesses, led proponents of the technology to proclaim that there was less chance that it would experience the violent crashes that have historically occurred after bitcoin rallies.

Bitcoin, however, fell by over fifty percent from the all-time high of $69,000 in merely 75 days as rates started to rise as signs of rogue inflation late in 2021 drove central government agencies and banks to curtail stimulus packages.

Also Read: With GPT-4, are we one step closer to losing our jobs?

The decline of a significant crypto token in 2022, brought on by higher interest rates, caused the closure of significant hedge funds and crypto lenders, and a drop in bitcoin of over 65%.

Regulatory issues and the abrupt collapse of the FTX market further battered it. Despite the claims of its supporters that bitcoin is a secure haven asset in periods of economic and political stress, the disastrous year served as another warning of its susceptibility to outside shocks.