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# 🖥️ Tech Futures #1
- URL: https://newsletters.qs.com/tech-futures-1/
- Published: 2024-07-29T11:30:34.000Z
- Updated: 2024-10-17T08:37:45.000Z
- Description: HolonIQ's Tech Futures Newsletter covers the latest developments in the semiconductor sector, AI advancements, and network advancements, and highlights the week's top tech deals.
- Author: QS
- Tags: AI & Digital Skills

**Happy Monday 👋**   
  
This week, LG Uplus and Qualcomm demonstrated a [RAN Intelligent Controller](https://pulse.mk.co.kr/news/english/10996329?ref=newsletters.qs.com) platform, while Dell Technologies and Nokia [partnered](https://www.rcrwireless.com/20240723/5g/dell-nokia-partnership-is-an-integration-easy-button-for-csps-and-enterprises?ref=newsletters.qs.com) to simplify cloud-native infrastructure integration. South Korea launched the '[6G Society](https://www.rcrwireless.com/20240722/6g/korea-unveils-new-initiative-to-advance-6g-cooperation?ref=newsletters.qs.com)' to enhance 6G communications, and Telxius is [upgrading](https://www.techafricanews.com/2024/07/24/telxius-enhances-global-connectivity-with-400g-network-upgrade/?ref=newsletters.qs.com) to 400G with Juniper Networks’ CORA. Elon Musk's xAI uses the [Memphis Supercluster](https://venturebeat.com/ai/elon-musk-announces-most-powerful-ai-training-cluster-in-the-world/?ref=newsletters.qs.com) for LLM training, [Mistral](https://venturebeat.com/ai/elon-musk-announces-most-powerful-ai-training-cluster-in-the-world/?ref=newsletters.qs.com) released its flagship model, and [Meta](https://venturebeat.com/ai/meta-unleashes-its-most-powerful-ai-model-llama-3-1-with-405b-parameters/?ref=newsletters.qs.com) unveiled its 405 billion-parameter Llama 3.1 model. Microchip launched PIC64-HPSC microprocessors for space, and Lambda introduced on-demand GPU clusters. Nvidia [approved](https://pulse.mk.co.kr/news/english/11075482?ref=newsletters.qs.com) Samsung’s fourth-gen HBM3 chips. Funding rounds saw Gcore, Harvey, CVanta, and OneStream raising significant capital. Mimecast and Telefônica Brasil made strategic acquisitions.

## **🌐** Network Advancement Developments  

**📡 LG Uplus and Qualcomm successfully demonstrated RAN intelligent controller platform**. They developed a RAN Intelligent Controller (RIC) platform, [enabling real-time traffic management and network slicing](https://pulse.mk.co.kr/news/english/10996329?ref=newsletters.qs.com), allowing operators to deploy AI and machine learning functions independently.

**📱 Dell Technologies and Nokia partnered to simplify integration for CSPs and enterprises.** This will help CPs and enterprises use cloud technologies, [aiming to simplify the deployment of cloud-native infrastructure](https://www.rcrwireless.com/20240723/5g/dell-nokia-partnership-is-an-integration-easy-button-for-csps-and-enterprises?ref=newsletters.qs.com).

**📡 South Korea's Ministry of Science and ICT launched the '6G Society' to enhance 6G mobile and satellite communications.** The society will serve as a consultation body between the 6G Forum and the Satellite Communications Forum, [promoting standardization and technology development.](https://www.rcrwireless.com/20240722/6g/korea-unveils-new-initiative-to-advance-6g-cooperation?ref=newsletters.qs.com)

**🌐 Telxius is upgrading its core and edge network to 400G with Juniper Networks' Converged Optical Routing Architecture (CORA).** This upgrade simplifies network capacity expansion and [improves connectivity for metro networks and data center interconnects](https://www.techafricanews.com/2024/07/24/telxius-enhances-global-connectivity-with-400g-network-upgrade/?ref=newsletters.qs.com) (DCI) across Telxius' global footprint in Spain, the Americas, and wider Europe.

## 🖥️ AI Advancement Developments  

**🤖 Elon Musk's xAI is training its LLMs on the Memphis Supercluster**. The [world's most powerful AI training cluster with 100,000 Nvidia H100 GPUs](https://venturebeat.com/ai/elon-musk-announces-most-powerful-ai-training-cluster-in-the-world/?ref=newsletters.qs.com). xAI aims to create the "most powerful AI by every metric" by December 2024.

**💡Mistral released a new flagship model, Mistral’s large 2.** It [excels in code generation and math with only 123B parameters](https://techcrunch.com/2024/07/24/mistral-releases-large-2-meta-openai-ai-models/?ref=newsletters.qs.com). Mistral focuses on reducing hallucinations and requires a paid license for commercial use.

**🧠 Meta’s unveiled its new llama 3.1 model, with 405 billion parameters.** It excels in complex instructions and data creation. It [supports multiple languages and features a 128,000-token context window](https://venturebeat.com/ai/meta-unleashes-its-most-powerful-ai-model-llama-3-1-with-405b-parameters/?ref=newsletters.qs.com). It competes with top proprietary models like GPT-4 and Claude 3.5 Sonnet.

## **⚙️** Semiconductor Developments  

**🚀 Microchip launched Pic64-HPSC for space applications.** The new PIC64-HPSC microprocessors, integrating RISC-V CPUs, support AI/ML applications for space missions. Designed for autonomy and fault tolerance, they [cater to NASA, defense, and commercial aerospace. ](https://www.cotsjournalonline.com/index.php/2024/07/24/microchip-unveils-the-industrys-highest-performance-64-bit-hpsc-microprocessor-mpu-family-for-a-new-era-of-autonomous-space-computing/?ref=newsletters.qs.com)

**💾 Lambda launched 1-click clusters for on-demand GPU access.** They offered on-demand access to [Nvidia H100 GPUs and Quantum 2 InfiniBand clusters](https://venturebeat.com/ai/nvidias-coveted-h100-gpus-will-be-available-on-demand-through-lambda/?ref=newsletters.qs.com). Companies can use GPU power for as little as two weeks, avoiding long-term contracts and high costs**.** 
  
**⚙️ Nvidia approved Samsung’s fourth-generation HBM3 chips for its H20 GPU.** The [high bandwidth memory chip targets the Chinese market](https://pulse.mk.co.kr/news/english/11075482?ref=newsletters.qs.com) amid U.S. export controls. However, Samsung’s fifth-generation HBM3E has not yet met Nvidia’s standards.

## **💰** Deals of the Week  

**💻 Gcore**, an AI company based in Luxembourg, raised [$60M](https://worldbusinessoutlook.com/gcore-secures-usd-60mln-in-series-a-funding/?ref=newsletters.qs.com) in Series A funding to accelerate its AI innovation and expand globally.

**⚡ Harvey**, a US-based provider of a legal AI platform, raised [$100M](https://www.finsmes.com/2024/07/harvey-raises-100m-in-series-c-funding.html?ref=newsletters.qs.com) in Series C funding to enhance its AI-powered technology across various business functions and regions.

**🌐 CVanta,** a trust management platform, has raised [$150M](https://www.finsmes.com/2024/07/vanta-raises-150m-in-series-c-funding.html?ref=newsletters.qs.com) in a Series C funding to strengthen and expedite the development of new AI products while expanding its worldwide footprint.

**🔄 OneStream,** a US-based software company, raised [$490M](https://www.cfodive.com/news/kkr-backed-onestream-sees-valuation-490m-ipo-genAI-machinelearning/722304/?ref=newsletters.qs.com) in a US IPO to to raise awareness of OneStream's financial chiefs products.

**📟 Mimecast,** a cloud-based secure messaging and data management vendor, acquired **Code42** for an [undisclosed amount](https://iteuropa.com/news/mimecast-acquires-code42-boost-human-risk-management-platform?ref=newsletters.qs.com) to enhance its human risk management platform.

📞 **Telefônica Brasil**, a telecommunications company, has acquired **IPNET Serviços em Nuvem e Desenvolvimento de Software** for an [undisclosed amount](https://www.tipranks.com/news/company-announcements/telefonica-brasil-acquires-ipnet-to-boost-digital-services?ref=newsletters.qs.com) to expand its digital services offerings.

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**Thank you for reading. Have a great week ahead!**  
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