Aided by AI, young people in China launched 7M+ one-person startups
Aided by AI, young people in China launched 7M+ one-person startups in 2025 to escape a bleak job market, up ~42% from 2024, as they face fierce competition
TL;DRChinese youth launched 7M solo startups in 2025, up 42% YoY, using AI to dodge job competition.
Why it matters: Shows how AI is reshaping labor markets globally—enabling solo work but also flooding markets with new competition.
Scott Bessent says the US proposed an AI incident notification mechanism
TL;DRUS and China agreed to notify each other about AI incidents and establish dialogue channels.
China has made AI a national mission, but local workers' fear
TL;DRChina's AI push risks worker backlash, forcing the government to balance innovation with social stability.
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Nine drone startups, including Eric Schmidt-founded Perennial, will
Nine US drone startups will compete to build 60,000 drones without Chinese components for the Pentagon.
Hong Kong-based Qupital, which offers cross-border ecommerce financing
Hong Kong fintech Qupital raised $300M and is considering going public.
Altis Labs, whose AI model analyzes CT scans taken during oncology
AI startup Altis Labs raised $25M to predict cancer patient outcomes from CT scans.
T. Rowe Fund Targets Chinese Winners of Booming AI Supply Chain
T. Rowe Price is investing in Chinese AI supply chain companies expecting continued growth.
SoftBank is looking to issue $10B and €1B in debt for its OpenAI
SoftBank plans to raise $11B in junk bonds to fund its OpenAI investment.
BofA's Oberoi on Markets, AI Trade, Central Bank Policy
BofA analyst predicts market trends tied to AI investments and central bank moves.
Adaptive, which sells accounting software
Construction accounting software startup Adaptive raised $30M in Series B funding.
CATL Sees Limited Impact From China’s New Battery Tax on Orders
China's new battery tax hasn't significantly hurt CATL's order volume so far.
Australia to Rely on AI to Spur Growth
Australia betting on AI to fuel economic growth amid global fragmentation.