China's Chip Ambitions Soar as India Tightens Crypto Rules

China's semiconductor ambitions received a boost as CXMT, a memory chipmaker, made its stock market debut in a highly successful manner. The company's shares saw a significant surge, indicating investors' backing for its AI-driven growth story. This milestone marks an important step towards China's goal of reducing reliance on foreign chipmakers, although challenges from U.S. export restrictions and global competition remain.

Meanwhile, India has tightened the norms for crypto transactions by requiring proper records and reporting to the tax authority. This move aims to increase compliance levels without altering the applicable taxes. The focus on AI-based startups continues to attract investors' attention, with many backing these projects over other tech sectors.

Fresh graduates are facing a challenging job market as companies invest heavily in AI rather than entry-level hiring. With fewer openings and rising competition, young professionals are finding it harder to secure their first full-time role, even with strong qualifications.