Tech Independence Push Boosts China's AI Chipmakers as Crypto Trading Surges
China's push for technological independence has led to increased support for domestic AI chipmakers. The government is investing in local manufacturers, limiting access to external chips, and driving up internal demand. This move aims to minimize reliance on technology from other countries.
Noida-based firm Sparklebox made headlines after an IIM alumnus posted about the company's strict dress code policy on LinkedIn. The post sparked a debate about toxic workplace culture, with many questioning corporate policies and their impact on employees' well-being.
Demis Hassabis, co-founder of AI giant DeepMind, used a 2019 pitch deck to market the company during its transition phase. The deck revealed the company's long-term vision, research focus areas, and business goals in detail.
Traditional finance is rapidly shifting into crypto perpetual futures trading, with volumes increasing by about ten times in 2023. Regulated players from traditional finance are entering the market, contributing to this growth.