India’s record car sales in 2023: Here’s a look under the hood

India’s passenger vehicle market, valued at Rs 4.5 lakh crore, has been outpacing volume growth. It has just passed a milestone as annual volumes of cars, sedans and utility vehicles breached the four million mark for the first time in 2023. As per industry estimates, about 4.1 million passenger vehicles were sold in the local … Read more

Europe’s Silicon Valley? No thanks – POLITICO

Press play to listen to this article Voiced by artificial intelligence. CAMBRIDGE, England — This city wears many crowns: the fastest growing in Britain, the world’s most intensive research cluster and the university with the highest number of tech founders. It also has Britain’s second highest level of inequality and one of the lowest amounts … Read more

Predictions for 2024: Small cars may lag in a good year for motown, says RC Bhargava, Maruti Suzuki

The growth of the automobile industry, which in normal times closely tracks the growth of the GDP, was adversely affected in 2019-20 by the switch to BS6 standards, then by the Covid pandemic and finally by the shortages of semi-conductors. It was in 2022-23 that the industry could finally cross the volume of sales reached … Read more

OpenAI in talks to raise new funding at US$100-billion valuation, making the ChatGPT creator one of the world’s most valuable start-ups

Microsoft Corp-backed OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above US$100 billion, people with knowledge of the matter said, a deal that would cement the creator of ChatGPT as one of the world’s most valuable start-ups. Investors potentially involved in the fundraising round have been … Read more

The first nail-biter election of 2024: Taiwan – POLITICO

TAIPEI — 2024 will be a bumper year of elections around the world, but one of the first votes on the calendar will also be one of the most hotly contested and consequential: Taiwan, where there are vital strategic interests at play for both the U.S. and China on January 13. If the campaign started … Read more

Chinese police highlight crime crackdown in strategically important finance, tech sectors

Police in Shanghai have said a string of arrests in connection with the theft of hi-tech trade secrets was the result of a stepped up effort to protect the strategically important sector, as well as a renewed crackdown on financial crimes. Fourteen suspects were detained and seven servers confiscated after police were tipped off that … Read more

Alibaba’s Damo Academy kicks off operations at new unit, with goal to recruit and train over 100 postdoctoral researchers in next three years

Alibaba Group Holding’s Damo Academy has established a new research unit, which started recruiting the first batch of more than 100 postdoctoral candidates it aims to train, marking the Chinese e-commerce giant’s latest push to expand its global research programme in cutting-edge technologies. The new research unit will support these candidates’ postdoctoral work across various … Read more

Tech war: China memory chip maker CXMT may have made a breakthrough amid US sanctions, paper indicates

A leading Chinese memory chip maker may have achieved another technological breakthrough amid tight US trade restrictions, according to third-party analysis of a company paper delivered to an international conference. ChangXin Memory Technologies (CXMT), China’s top dynamic random access memory (DRAM) developer, this week presented a paper to the 69th annual IEEE International Electron Devices … Read more