QtrendsAI hiring boom bypasses entry-level job seekers
Artificial intelligence is fueling a surge in tech hiring globally, but the windfall is largely going to experienced professionals rather than newcomers. Major banks have launched aggressive AI talent drives, while Indian firms like TCS and Opendoor are raising concerns about AI's impact on the country's tech workforce. India's skilled AI professionals can now command salaries of up to ₹60 lakh per year.
Sources:
Banks launch strong AI talent drive
(China Daily)
Geopolitical tensions continue to widen as the US blacklists additional Chinese technology firms amid ongoing trade restrictions. Chinese biotech companies insist their global expansion is irreversible despite American barriers. Meanwhile, Chinese AI firms are being shut out from public listings in the US as more AI companies go public, deepening the technology divide between the two economies.
Electric vehicles now account for two-thirds of China's car sales, setting a new weekly record for the world's largest auto market. Chinese automaker BYD is expanding aggressively into Europe, with registrations in Germany tripling as hybrid demand surges. The Chinese government has meanwhile summoned domestic carmakers to address concerns over irrational competition and pricing pressures.