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China's Xpeng revises up 2025 planned hires to 8,000, founder says - The Economic Times
Economic Times
·
23d ago
Medial
Chinese electric vehicle maker Xpeng plans to increase its hiring target from 6,000 to 8,000 in 2023, aiming for a total workforce of nearly 30,000. The expansion focuses on roles in smart driving and large artificial intelligence models, reflecting the company's strategic emphasis on advanced technologies. Founder He Xiaopeng communicated this during an internal speech, emphasizing Xpeng's commitment to ramped-up hiring in key technological areas.
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OECD revises India’s FY25 growth forecast upward to 6.7%
Money Control
·
10m ago
Medial
The Organisation for Economic Co-operation and Development (OECD) has revised India's growth forecast for fiscal year 2025 (FY25) to 6.7%, up from the previous projection of 6.6%. The OECD also expects growth to increase to 6.8% in FY26. The organisation notes that domestic demand has boosted activity in countries like Brazil, India, and Indonesia, while inflation is projected to rise at a faster rate of 4.5% compared to the previous estimate of 4.3%. However, prices are expected to move towards the Reserve Bank of India's target of 4% in FY26. The OECD highlights geopolitical and trade tensions as potential risks to the outlook.
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UN revises India’s GDP growth downward to 6.3% for 2025
YourStory
·
2m ago
Medial
The United Nations has downgraded India’s GDP growth forecast for 2025 to 6.3%, from the previous 6.6%, yet India remains one of the fastest-growing large economies. Strong private consumption and public investment are expected to sustain growth despite global economic challenges such as trade tensions and policy uncertainties. While global growth is projected to slow to 2.4%, India's inflation is expected to decrease, supporting a more stable economic outlook amidst regional monetary easing.
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Amid US tariff heat, China opens door to more premium Indian exports, says Chinese envoy
Business Today
·
3m ago
Medial
Amid rising US-China trade tensions, China expressed interest in stronger economic ties with India. Chinese ambassador Xu Feihong emphasized China's openness to premium Indian exports and commitment to aiding Indian businesses in accessing its large consumer market. He highlighted mutual benefit and win-win cooperation as core principles of China-India trade relations, stating that China's trade surpluses are market-driven and adapt to evolving economic conditions.
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ET Soonicorns Summit 2025: India’s largest gathering of soonicorns returns with AI at the core - The Economic Times
Economic Times
·
1m ago
Medial
The ET Soonicorns Summit 2025, the largest gathering of soonicorns in India, is set to take place in Bengaluru on August 22, 2025. It will focus on scaling Indian AI startups, with themes including AI infrastructure, funding trends, and go-to-market strategies. The summit aims to explore how AI is influencing economic growth and startup scaling, featuring top founders, investors, and tech leaders. Sessions will cover AI investments, scaling strategies, and founder insights.
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China is building the future of AI, not Silicon Valley, says Alibaba Cloud founder - The Economic Times
Economic Times
·
7d ago
Medial
Wang Jian, Alibaba Cloud founder, emphasized that China, not Silicon Valley, is leading AI development due to innovative foundational models like Qwen and DeepSeek. He highlighted the need for the right talent over expensive hires and criticized the talent poaching culture in Silicon Valley. Wang advocated for focusing on innovation rather than patents and underscored China's role as a testbed for new technologies, positioning it advantageously in AI advancement.
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Tesla’s full self-driving rivals are in China
Livemint
·
1y ago
Medial
China is rapidly catching up with the West in terms of driver automation technology. Many Chinese companies, including Baidu, XPeng, Li Auto, NIO, and Huawei, are making significant progress in developing driverless taxis and driver-assistance systems for electric vehicles. These systems, comparable to Tesla's "full self-driving" software, rely on artificial intelligence rather than detailed mapping and coding. Chinese regulators have also shown openness to allowing "Level 3" automated driving on public roads, where the human driver no longer needs to pay attention under certain conditions. Analysts expect China to dominate the rollout of Level 3 vehicles in the coming years. This progress in driver automation complements China's already dominant position in electric vehicle technology. Overall, China's advancement in this area could potentially challenge the West's leadership in automation.
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‘Trump’s economic madness has a plan...’: Startup founder urges investors to ‘diversify like your life depends on it’
Business Today
·
4m ago
Medial
Under President Trump, the U.S. has intensified its economic stance against China, highlighting a significant global power shift. This tension underscores China's manufacturing and technology advancements challenging America's industrial resurgence strategy. Amid these changes, a startup founder advises investors to diversify their portfolios, suggesting that having a varied investment strategy is increasingly crucial. The ongoing economic and geopolitical dynamics indicate a complex landscape for global business and investment.
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Gemini “coming together in really awesome ways,” Google says after 2.5 Pro release
Arstechnica
·
4m ago
Medial
Google has released Gemini 2.5 Pro, aiming to challenge ChatGPT's dominance. Despite a late start in generative AI, Google has ramped up Gemini's development, emphasizing efficiency and safety. Gemini 2.5 Pro features advancements like Dynamic Thinking and enhanced factual accuracy. However, Google still grapples with issues like model hallucinations. With significant investments planned for 2025, Google seeks to optimize AI infrastructure costs. Transparency about technical details remains limited but is expected to improve with future releases.
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India is playing its cards well, says CEA amid Trump tariff disruption
YourStory
·
4m ago
Medial
Venkatramanan Anantha Nageswaran, Chief Economic Advisor to the Indian government, emphasizes India’s resilience amidst global trade turmoil, notably from US tariffs. Speaking at Startup Mahakumbh 2025 in New Delhi, he stresses India's intrinsic economic strengths, including domestic consumption and growing service exports, predicting around 6.5% growth. Despite global volatility, he advocates leveraging economic fundamentals and sees disruptions as opportunities to reevaluate traditional economic models, highlighting India's strategic economic positioning.
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China opens online channel for complaints on automakers' supplier payments - The Economic Times
Economic Times
·
1m ago
Medial
China's industry ministry has launched an online channel for complaints regarding automakers' payment pledges to suppliers, prompted by a price war backlash. Major automakers like BYD, Chery, SAIC, and Xiaomi committed to making supplier payments within 60 days. The ministry aims to regulate industry settlements and ensure "healthy and sustainable development." This initiative seeks to improve supplier relations and stabilize the automotive sector during challenging economic conditions.
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