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Good morning, tech fam; here are some quick tech updates for you to catch on to!
What’s New Today: US Imposes New Trade Restrictions on China’s Tech Sector
Fast-Track Insights: India’s Tech Startups Raise $2.5B in Q1 202
Here’s a quick rundown of the biggest tech headlines making waves today. From the New Trade Restrictions to HPCL Hiring, let’s dive into the top tech stories of the day.
The U.S. Commerce Department has imposed export restrictions on about 80 companies, including over 50 in China, adding them to the Entity List. This move affects firms using Nvidia chips, impacting AI, quantum computing, and military-linked tech firms. Companies like Nettrix and Inspur Group subsidiaries face restrictions, limiting their access to advanced U.S. technology. The Biden administration has already restricted Nvidia’s high-end AI chips in China, leading to scaled-down versions. The new restrictions target firms aiding Huawei and China’s military-industrial complex, further escalating U.S.-China tech tensions and affecting global semiconductor and AI markets.
India’s tech startups raised $2.5 billion in Q1 2025, a 13.64% increase from Q4 2024, positioning India as the third most-funded country globally. Late-stage funding surged to $1.8 billion, while early-stage and seed funding declined. Auto Tech led investments with $1.1 billion, followed by Enterprise Applications and Retail. Mergers and acquisitions rose by 15.15%, with Magma General’s $516 million sale being the largest. No new unicorns emerged, but six companies went public. Delhi-based startups led funding, while Accel, Blume Ventures, and Peak XV Partners were the top investors.
Hindustan Petroleum Corporation Limited (HPCL) has announced HPCL Recruitment 2025 for 63 Junior Executive positions across Mechanical, Electrical, Chemical, Fire & Safety, and Instrumentation Engineering. The application process started on 26 March 2025 and will close on 30 April 2025. Selection includes a Computer-Based Test, Group Discussion, Skill Test, Personal Interview, and Medical Examination. The salary ranges from ₹30,000 to ₹1,20,000. Candidates must meet eligibility criteria and apply online via www.hindustanpetroleum.com. No exam date has been announced yet. Applicants are advised to complete submissions early to avoid last-minute issues.
The U.S. Congress is prioritizing stablecoin oversight, with the House introducing its version of the STABLE Act to regulate dollar-backed digital tokens, aligning with the Senate’s version. Lawmakers hope to finalize the bill by August. Additionally, Rep. Tom Emmer reintroduced the Securities Clarity Act to define crypto assets under securities law. Meanwhile, the Senate passed a resolution overturning the IRS’ 2024 DeFi broker regulations, with bipartisan support (70-28). The resolution previously passed both chambers, and President Trump is expected to sign it. The DeFi Education Fund praised the decision, citing concerns over the IRS’ regulatory approach.
The cryptocurrency space is at a tipping point as artificial intelligence revamps their trading systems and decision-making frameworks. AI agents have come a long way in just a few months, evolving from tools of niche application to active partners in the very techno-social species of crypto. The current market operation is as such a redefinition of this activity.
