CHINA TECH BATTLE
World War II still has lessons for today’s wars
World War II offers four lessons for modern warfare: technology can rapidly transform battlefields, strong leadership requires strategic judgement, industrial capacity is vital to military strength, and war carries a heavy human cost. As conflicts in Iran and Ukraine reshape warfare, the US must invest in AI, defence production and shipbuilding while remaining united behind its military personnel.
The fake commute: How China's unemployed save face
Unemployed individuals in China are pretending to be employed to avoid family concerns about their jobless situation. Many are sharing tips online about how to navigate daily life while hiding their unemployment status. This behavior reflects the challenges posed by a struggling economy and increased job competition. As some individuals receive unemployment benefits, societal pressure from family members adds to their anxiety.
AI engineers became hot property. Now they’re targets for seduction
AI engineers face heightened risks as foreign intelligence ambitions escalate, targeting them for company secrets. OpenAI has alert its employees about potential espionage tactics, including romantic seduction for information extraction. High-profile cases like Abdulrahman Alfozan's highlight the concrete dangers AI companies encounter.
Catch a bully by its horns: How India can turn the latest round of US visa curbs affecting Indian techies to its advantage
Visa restrictions imposed by the US on Indian IT companies may impact individuals working on temporary visas. Many Indian workers may now have to return to India due to these restrictions. Despite these challenges, returnees present opportunities for India in emerging technologies and industries. Additionally, India's relationship with the US requires strategic actions to maintain balance in trade and diplomacy.
India can catch up in AI by focusing on applications
India faces significant threats in the global AI landscape as investments surge globally. While it has missed some initial chances, the nation has the potential to harness its talented workforce and established ITeS sector. The rise in private investment reflects an increasing enthusiasm and job opportunities in AI. To avoid being seen merely as a commodity, companies must innovate.
India has biotech talent and know-how, but funding ecosystem lags: Lilly CEO
Eli Lilly intends to innovate in the weight-loss market, launching up to four new products in the coming years. The success of Mounjaro and Zepbound significantly boosted the company's sales and market value. Eli Lilly sees potential in India's biotech sector, despite challenges in the research funding environment. The company is open to partnerships with Indian biotechnology firms for future collaborations.
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China's manufacturing scale shows the path to first-world status
Insights from a Chinese factory reveal striking contrasts in wages and car ownership between India and China. China's triumph in manufacturing shines through its extensive production capacities across diverse industries. The article underscores the necessity of cultivating core sectors like steel and machinery for robust economic development. Additionally, local tech firms have flourished in the absence of foreign rivalry, offering distinctive products.
AI may transform economies, but US-China rivalry makes slowing it down unlikely
AI's rapid advancement poses challenges, as concerns from key stakeholders highlight potential risks to humanity. Political leaders in the US and China control the direction of AI development despite differing perspectives. Both countries rely on AI to sustain economic growth amid demographic challenges and competitive pressures. The AI race reflects broader geopolitical rivalries, making coordinated regulation difficult.
Trump-Xi summit: Tariffs, trade imbalance and rare earths loom over US-China talks
US President Donald Trump will host Chinese President Xi Jinping next week at the White House. Tariffs, trade imbalances, and technology competition will dominate their important discussions. Both nations have lowered tariffs, but a complex system still affects imports significantly. Despite trade friction, bilateral trade has continued to grow between the two countries. This summit aims to convert a fragile trade truce into a more durable economic framework.
Decoding MDR’s impact; EV bikes’ policy change sparks debate
Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.
How Trump's war on EVs derailed America's auto-factory revival | Explained
US electric vehicle projects and jobs face setbacks due to policy shifts. Automakers canceled billions in investments and thousands of jobs were lost. Many affected states supported Donald Trump in the 2024 election. This situation contrasts with China and Europe's EV market growth. The industry now focuses on energy storage batteries and gasoline vehicles.
New Delhi scripts a post-US worldview
The New Delhi Declaration signifies a transformative shift in global dynamics, asserting a multipolar world that transcends Western dominance. BRICS stands against unilateral sanctions, branding them as coercive actions that undermine legitimacy. This unified stance underscores the importance of sovereignty and dialogue while highlighting a move towards strategic autonomy. India's advocacy for UNSC reform further supports this newly conceived worldview, as BRICS actively engages with the shifting global landscape.
Texas Republicans turn against data centers, putting Big Tech on notice
In a surprising turn, Republican leaders are now standing against data center projects due to increasing public resistance. This development coincides with a surge of support for Democrats from local communities opposing such facilities. Texas Governor Greg Abbott has advocated for tighter restrictions on data centers. Big tech firms are investing heavily to combat unfavorable public opinion, highlighting the emerging political divide among Republicans.
Five things to know about Anthropic ahead of Wall Street debut
Anthropic, the OpenAI rival that bet everything on computer coding, is expected to go public within weeks in a listing that could eclipse SpaceX's record Wall Street debut in June. - Stomaching the losses - According to Bloomberg, Anthropic intends to surpass the record $86.2 billion that Elon Musk's SpaceX raised in its June IPO. SpaceX, which absorbed Musk's AI startup xAI before going public, made its listing a partial AI bet, too.
China says it is the world leader in R&D for AI, vows to boost tech self-reliance
China declared on Thursday that it was now the world leader in research and development for artificial intelligence as well as other key fields such as quantum technology, and vowed to accelerate efforts to achieve greater tech self-reliance.
Nvidia's Jensen Huang: 'China is going to win the AI race,' FT reports
Nvidia CEO Jensen Huang warned that China could overtake the US in the AI race, calling the nations “nanoseconds apart.” He urged America to lead by expanding its global developer base but cautioned that excluding China could harm long-term progress. Huang stressed balanced policies for sustainable AI dominance.
Nvidia CEO Huang says he's disappointed by China chip curbs
Jensen Huang said he expects to discuss the issue with President Donald Trump at a state banquet hosted by the British government that they'll be attending on Wednesday night. Santa Clara, California-based Nvidia, the world's most valuable company, is restricted from exporting its most advanced chips, which are in demand for developing artificial intelligence, to China.
China stocks inch lower, Hong Kong up slightly as investors assess tariff impact
China stocks fell slightly on Tuesday, while Hong Kong shares edged up as investors refrained from making big bets until there is more clarity on U.S. tariff plans and their impact on the Chinese economy.
Apple boss hails 'next generation of developers' on China visit
Apple boss Tim Cook on Wednesday praised "the next generation of developers" during a visit to a technology hub in eastern China, as the US tech giant battles to stay relevant in the country's vast consumer market. "Thrilled to meet the next generation of developers at Zhejiang University today," Cook said Wednesday in a post on Chinese social media platform Weibo that included a video of him interacting with students.
US-China historic trade deal: "Trump card" played? Tiktok-for-tariffs deal or cold war 2.0?
US-China showdown has reached a critical point, with tensions escalating over trade policies and technology disputes. The focus now is on a potential TikTok-for-tariffs deal, where the future of TikTok in the US might be tied to trade negotiations. Many wonder if this will lead to a historic trade deal or if we’re heading towards a new cold war.
US tech firms battle to keep selling to China
US officials, who view the flow of American technology to Huawei as a national security threat, were stunned by the argument. In regulations issued this month, they ultimately rejected the US companies' plea. Over the past year, an intense struggle has played out in Washington between companies that sell machinery to make semiconductors and Biden officials who are bent on slowing China's technological progress.
U.S. tech firms battle to keep selling to China
Over the past year, an intense struggle has played out in Washington between companies that sell machinery to make semiconductors and Biden officials who are bent on slowing China's technological progress.
China commerce minister meets Apple's Tim Cook
The meeting came a day after Cook opened Apple's newest store in Shanghai, as the phone maker battles falling iPhone sales in China and rising competition from domestic rivals such as Huawei.
China urges giant state firms to be tech 'pillars' in self-reliance drive
With many Chinese firms and industries hit by a growing roster of export controls imposed by the United States, President Xi Jinping has repeatedly stressed the need for self-reliance in technology to prune use of foreign technology.
A $33-billion hit shows China's newest stock worry
A report this week that JD.com Inc. is launching a subsidy campaign to fight back against the advances of rival PDD Holdings Inc. sent fresh shivers through the sector, slamming shares in both firms and their larger e-commerce rival Alibaba Group Holding Ltd. Together, the three companies lost $33 billion of market value in US trading on Tuesday, according to data compiled by Bloomberg.
Carmaker Jaguar Land Rover looks to hire hundreds of laid off tech workers
The carmaker, which wants to become an "electric-first" business from 2025, on Friday announced a jobs portal for displaced tech workers to fill 800 roles spanning self-driving, electrification, machine learning and data science. The company said it believed workers leaving big tech groups like Amazon were most likely to have the required skills to fill new roles in Britain, Ireland, the United States, India, China and Hungary.
Vertex Ventures to raise $500-million fund with focus on Chinese tech startups
The new fund's size will exceed an initial target of $400 million, compare with an earlier, similar fund that raised $275 million, said Tay Choon Chong, managing partner at Vertex Ventures China. Around 90% of the new capital will be invested in Chinese start-ups, he said.
China stocks fall on concerns government stimulus inadequate
China's blue-chip index CSI300, which had bounced more than 6% from a April 27 low, ended the session 0.4% lower. The Shanghai Composite Index lost 0.3%.
Uber’s surrender & the humbling of US tech giants in China
After a costly battle in which both sides shelled out billions subsidising rides, Chief Executive Travis Kalanick decided to call off the war.
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