.png){kind=logo}
What’s New Today: Today's roundup spans five distinct storylines shaping the tech and business landscape: China's AI chip sector riding Beijing's self-sufficiency push, leadership changes at India's logistics giant Delhivery, a Nomura report on AI's net-positive but uneven impact on Indian hiring, a sweeping consolidation wave hitting crypto projects worldwide, and the rise of agentic automation transforming how enterprises integrate and operate their systems.
Geopolitical tech tensions are accelerating China's chip self-sufficiency rather than slowing its AI ambitions.
Delhivery's leadership reshuffle signals a deliberate strategy of promoting internal talent into expanded C-suite roles.
AI is creating more jobs than it destroys in India, but entry-level workers bear the brunt.
Crypto's shakeout is separating fee-generating, real-usage protocols from speculative, unsustainable projects.
Agentic AI is shifting enterprise automation from rigid workflows to autonomous, reasoning-driven decision-making.
Chinese AI chip designers are heading into a strong earnings season, driven by Beijing's push for local firms to adopt homegrown semiconductors and cut reliance on American technology. Cambricon Technologies more than doubled its revenue to 5.99 billion yuan ($887 million) in the first half of the year, Shanghai Iluvatar CoreX expects sales to triple over the same period, and Moore Threads Technology projects revenue growth of up to 149% for H1 2026. The trend underscores how US export curbs are pushing Chinese tech giants toward domestic chip suppliers rather than slowing the country's semiconductor ambitions.
Delhivery has promoted Chief Business Officer Vani Venkatesh to deputy CEO, expanding her responsibilities across revenue, marketing and customer experience, effective immediately. Meanwhile, COO Ajith Pai — a founding member who joined in 2013 and served as CFO before becoming COO in 2019 — will exit on 15 September 2026 to pursue other entrepreneurial interests. The move follows a broader leadership reshuffle at Delhivery this year, with several executives elevated to new C-suite roles.
A Nomura report finds AI-related hiring in India has outpaced job losses so far — 83,100 AI-related hires versus 31,921 documented layoffs and attrition, giving India the largest absolute AI employment impact in Asia. However, the gains aren't evenly spread: demand for entry-level roles is weakening while demand for experienced/senior workers stays relatively strong, creating a two-tier job market.
Over 100 crypto projects have shut down, filed for bankruptcy, or gone dark in 2026, with the pace accelerating and four major firms—BitMEX, BitMart, Movement Labs, and Storj Labs—folding in one week alone in late July. Overcrowded sectors like layer-2 networks and protocol tooling are being purged as altcoin prices drop 70-90%, draining token-based treasuries, while over $1.1 billion was lost to exploits in H1 2026.
Agentic automation replaces rigid rules-based workflows with AI agents that reason, adapt, and act autonomously across enterprise systems, pulling data from CRMs, ERPs and other sources to complete tasks without manual scripting. Companies are already using it for customer service triage, finance reconciliation, and IT monitoring—cutting manual work rather than headcount.
