Global R&D spending soared to $2.75 trillion in 2023, but the real story lies beneath the headline, China’s rise as a dominant innovation power, fundamentally altering the balance of global technological leadership. Once viewed primarily as the world’s manufacturing hub, China is now a full-scale
In a world obsessed with tangible goods and industrial muscle, a quieter force is powering the United States' global economic leadership. It's not what America makes, it's what it knows. In 2024, U.S. services exports hit an unprecedented $1.11 trillion. Behind that figure
In 2024, the gaming industry in the United States reached a staggering $71.92 billion in revenue. But the most compelling number isn’t financial, it’s behavioral. According to our latest data, 71% of U.S. consumers played a video game in the past month, a figure that signals
Nvidia is committing $500 billion to manufacture AI supercomputers entirely within the United States over the next four years. This is not just a headline-grabbing number. It is a clear signal that the battleground for artificial intelligence supremacy is shifting from code to concrete. With new production facilities planned in
The rise of a manufacturing giant In 2000, China ranked seventh among the world’s exporters, contributing $249 billion to global merchandise trade. Just over two decades later, it stands atop the leaderboard, with exports reaching a staggering $3.4 trillion in 2023. That’s a 13.6x leap, compared
Huawei’s launch of its ultralow-latency cloud data center in Saudi Arabia represented more than a technological milestone, it was a bold declaration in the global race for digital dominance, shaking the foundations of a market long ruled by Western giants. Over the last six months, Chinese cloud providers have
Across the global economy in 2025, interest rates around the world are telling very different stories. In Russia, businesses face a 14.5 percent real interest rate, a signal of a tight monetary tightening. In contrast, Japan’s negative 2.1 percent rate reflects years of effort to spark demand
In 2021, Dunzo was the face of convenience in India promising deliveries in under 15 minutes and redefining last-mile logistics. Backed by Google and Reliance, it embodied the promise of quick commerce: speed, convenience, and scale. By early 2025, the same company was collapsing under the weight of unpaid employees,
Last month, U.S. retail sales rose by 1.4 percent, with a 4.2 percent increase year-over-year. At first glance, these numbers might signal strong consumer confidence. But a closer look reveals a more urgent and complex story, one driven by anxiety rather than optimism. Consumers are not spending
Unpacking the financial, strategic, and market implications of training large-scale AI models In recent years, the cost of training large-scale AI models has surged, signaling a dramatic shift in the AI landscape. Google's Gemini 1.0 Ultra model cost $192 million to develop, reflecting the increasing financial barriers
In the corridors of global pharma strategy meetings, one country’s name keeps surfacing: India. And with good reason. By the end of 2025, India’s pharmaceutical industry is expected to reach $65 billion, up from $32 billion just five years ago. This is not a routine growth trajectory. It
Vietnam, once celebrated as a rising manufacturing powerhouse in the wake of U.S.-China trade tensions, now faces mounting uncertainty. At the heart of the issue is a proposed 46% U.S. tariff on Vietnamese exports part of a broader push to address perceived trade imbalances and crack down