Top Tech News: Apple’s Customized Chip Design, Pelico Secures $40M & More

In a bid to enhance its chip design capabilities, Apple is integrating cutting-edge generative AI tools from electronic design automation (EDA) giants such as Cadence and Synopsys. This strategic move is expected to significantly boost productivity and innovation in Apple's customized chip design process. By leveraging these advanced AI tools, Apple aims to streamline design workflows, reduce development time, and potentially introduce more powerful chips for its next-generation devices. Meanwhile, in the enterprise software sector, Pelico has successfully raised $40 million in its latest funding round. The French startup, known for its supply chain management solutions, plans to utilize the funds to scale its operations and expand its market reach. The investment underscores the growing demand for sophisticated tools that can enhance supply chain efficiency, a critical need in today's globalized economy. In other tech developments, the industry continues to witness significant advancements across various domains. From AI-integrated design processes to robust supply chain solutions, companies are increasingly adopting innovative technologies to stay competitive. As these trends evolve, they promise to reshape the tech landscape, offering new opportunities and challenges for businesses and consumers alike.

— Authored by Next24 Live