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What’s New Today: Huawei Unveils Mate 70 Amid Looming US Chip Curbs
Fast-Track Insights: India's GenAI Startups Secure Record Funding in Q2 FY25
Here’s a quick rundown of the biggest tech headlines making waves today. From the Huawei Unveils Mate 70 Amid to Barclays Hiring Graduates, let’s dive into the top tech stories of the day.
Huawei has launched its Mate 70 smartphone series, marking a significant step in its break from U.S. technology amid rising U.S.-China tensions. The Mate 70 introduces HarmonyOS NEXT, an Android-free operating system, signaling Huawei’s shift away from Google services. Featuring the Kirin 9100 chipset, a 6.78-inch display, and enhanced battery life, the device competes with Apple’s iPhone. Priced starting at 5,499 yuan, the Mate 70 series also includes new features like satellite paging and boasts improved performance. With Huawei regaining market share in China, the launch intensifies competition and reflects the company's push for technological independence.
India’s generative AI (GenAI) ecosystem saw significant growth in Q2 FY25, with startups raising $51 million in funding, a sixfold increase from Q1 FY25. The rise in funding was driven by enterprise applications and Agentic AI, with early-stage investments accounting for 77% of the total. Key partnerships, such as those between Accenture and Unilever, and Genpact and Volkswagen Financial Services, contributed to the sector’s expansion. India is now ranked sixth globally in the GenAI startup ecosystem. The focus is shifting to scaling impactful applications, with India’s IT services sector tapping into the growing GenAI market.
Barclays is hiring a Director of Data Analytics in Noida, India, responsible for managing fraud detection strategies, model risk, and data governance. Key duties include overseeing fraud operations, leading platform migrations to new technologies like AWS, and exploring new tools like BitBucket and Tableau. The role involves managing multiple functions across fraud analytics, strategy, and operations, with a focus on data quality, governance, and automation. Applicants should have a degree, strong analytical and strategic skills, and experience in data platforms and stakeholder management. The role also requires expertise in machine learning and AI to solve business problems.
Sales professionals in today's fast-paced business environment, are constantly looking for ways to improve their efficiency and effectiveness. A robust tool for finding and engaging with prospects geared toward sales teams, LinkedIn Sales Navigator has taken advanced artificial intelligence capabilities to the process of selling.
India's stance on cryptocurrency remains ambiguous, with no clear regulations despite its growing popularity and a projected market size of $6.4 Billion by 2025. While the Supreme Court lifted the RBI's ban, crypto remains unregulated, leading to potential risks like money laundering. Exchanges are taxed but lack proper KYC and AML protocols. Global frameworks, like the EU’s MiCA and the US’s SEC and CFTC regulations, are pushing crypto towards being recognized as an asset class. India needs comprehensive regulation to protect investors, ensure compliance, and boost its Web3 and blockchain ecosystem's growth.
