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What’s New Today: Huawei lags a generation behind in chip tech, but innovative workarounds aim to bridge the gap.
Fast-Track Insights: Liquidity launches its London HQ, investing £1.5B in UK innovation with AI-powered credit processing and predictive analytics.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from Huawei Chips to the Central Bank of India's apprenticeship recruiting post.
Ren Zhengfei, CEO of Huawei, argued that the export controls prevented them from catching up with the United States in chip-making for at least a generation; however, through cluster computing, compound chips, and very advanced mathematical modeling, some progress has been made. The company has allocated an annual research budget of 180 billion yuan (approximately US$25.07 billion) to bridge the gap. Ren also stated that while the company did not keep pace with technology in the U.S., it seeks to match that performance through innovative means and by improving AI chips, such as the Ascend series.
Liquidity has announced the launch of its European headquarters in London, pledging to invest £1.5 billion into the UK innovation ecosystem over the next five years. Term sheets are issued within 24 hours using AI, with defaults remaining below 1%, while more than £350 million has been invested in 12 British companies. And through this move, which came with praise from the Prime Minister, Liquidity is projected to be a major player in growth-stage finance due to its confidence in British tech.
The Central Bank of India is recruiting 4,500 apprentices nationwide for the year 2025. Graduates between 20 and 28 years old can apply online through the bank's website by June 23, 2025. Candidates will be selected through an online exam and language test, and then a one-year apprenticeship will be offered. The fees are dependent on the category and vary between ₹472 and ₹944. This opportunity is a great gateway for graduates to enter the banking industry.
In 2025, AI apps for smartphones will serve as highly intelligent companions, enhancing productivity, creativity, and communication. Leading the charge are ChatGPT, Google Gemini, and Adaptive Assistant Pro, with capabilities that support real-time translations, video generation, and workflow customizations. These privacy-conscious, multimodal tools are shaping how we complete tasks with minimal effort-from thinking about an idea to applying, with all privacy focused on the device and a smooth experience on every platform.
The prediction markets are buzzing with extraordinary sums: US$4 million wagering on the Trump-Musk feud. The Polymarket platform tracks everything from the impeachment risk of Trump (now at US$500,000 bet) to Musk founding a centrist party or unfollowing Trump on X. Even rumors of reconciliation granted a few extra contracts before Trump repudiated talks. This was yet another unusual moment, adding zest to the markets with a 4% chance that Trump would lock up Musk, showing traders' non-stop excitement in trying to turn every twist into more tradable events.
