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Accelerating AI: Google Introduces The Ironwood Chip

by News Editor

April 13, 2025

In a significant leap for artificial intelligence, Alphabet (GOOGL.O) has unveiled its innovative seventh-generation AI chip, the Ironwood. This new processor is set to enhance the speed and efficiency of AI applications, such as those powered by OpenAI’s ChatGPT, by performing high-speed data crunching known as ‘inference’ computing.

This development is part of Google’s long-term investment in AI technology, presenting a viable alternative to Nvidia’s dominant chips in the market. Google’s tensor processing units (TPUs), accessible through the company’s cloud services, provide a competitive edge by streamlining AI model development and operational costs.

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The Ironwood chip, introduced at a recent cloud conference, is optimized for running AI applications, known as inference tasks, working in massive groups of up to 9,216 chips. These advancements consolidate previous chip designs while increasing memory capacity, making them ideal for modern AI challenges.

Amin Vahdat, Google’s Vice President, emphasized that inference computing’s importance is rapidly increasing. Ironwood chips offer twice the performance efficiency compared to last year’s Trillium chips. While the specific manufacturer of these chips remains undisclosed, the integration of the Ironwood chip into Google’s Gemini AI models is notable.

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Sklavenitis Cyprus Sets A New Standard For Employee-Centric Benefits

by THEFUTURE.TEAM

September 12, 2025

Investing In Human Capital

In a bold move that underscores the growing importance of human capital in today’s business landscape, Sklavenitis Cyprus has taken innovative steps to ensure its workforce is both valued and supported. The supermarket chain has introduced a policy to pay a 14th salary to all employees—including those from Papantoniou Supermarkets—cementing its status as the sole retailer in Cyprus to implement such a comprehensive benefit.

A Significant Investment In People

This initiative is far from symbolic. With an estimated total cost of €2 million, it represents a committed investment in the company’s most valuable asset—its people. By providing an additional salary, Sklavenitis reinforces a culture of inclusivity and fairness, acknowledging every employee’s contribution to its success.

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Robust Benefits For Long-Term Stability

Complementary to the 14th salary, the company has launched a robust benefits program designed to address both financial and personal security. An Automatic Cost of Living Adjustment (ATA) of 12.56 per cent ensures that wages remain aligned with inflation, safeguarding real income stability for its team members.

Comprehensive Health And Life Support

Sklavenitis further enhances employee welfare through access to a Group Life and Health Insurance Plan and a Provident Fund co-funded by the employer. These measures not only provide immediate protection but also empower employees to plan confidently for the future.

Exclusive Perks And Incentives

The company extends its commitment beyond conventional benefits by offering store discounts, a birth allowance, and holiday gift vouchers valued at €100 during both Easter and Christmas. These additional perks enhance employee satisfaction and underline Sklavenitis’ people-first ethos.

A Strategy For Mutual Success

In an industry where employee engagement directly impacts customer satisfaction, Sklavenitis’ comprehensive approach stands out as both a progressive and strategic business decision. By investing in its workforce, the company not only nurtures a supportive workplace but also drives superior corporate performance, setting a new benchmark for responsible employment practices in Cyprus.