Moore Threads IPOs in China

Shanghai-based Moore Threads is a Chinese competitor to Nvidia which has raised the equivalent of more than $1bn.  Investors rushed in betting Beijing's push to end foreign technology reliance is now fully on.

The company was founded five years ago in 2020 by former Nvidia executive Zhang Jianzhong. 

Moore designs GPUs which have proven very useful in AI training. While analysts say China made chips lag behind foreign counterparts - friendly policies and investor keenness for AI related businesses - creates a strong environment for continued innovation.

Money raised will go to fund new R&D.

Cheapest Tesla Yet - Elon Musk Rolls out the Model 3

The Model 3, Tesla's cheapest car yet, starts off at $35K, still higher than the Nissan Leaf, at just over $30K. The electric battery will run for 354 km before needing a recharge.

Recessionary Innovation

Bruce Nussbaum in BusinessWeek identifies some of the key mistakes companies make.

Number 10 on Bruce's list is "Retreat into Walled Castles", to quote Bruce: "cutting back on outside consultancies is seen as a quick way to save money. Yet one of the key ways of introducing change into a business culture is to bring in outside innovation and design consultants. They know what companies across a broad range of industries around the world are doing to promote change. Not receiving this information can hurt a company's global competitive position."

Recession provides time and opportunity for product development. When the economy is in full-swing there is absolutely no time for new development. As Bruce explains:

"Winners always emerge out of recessions and they almost always beat their competition on the basis of something new. Apple worked on iTunes, iPod and its retail stores during the last recession and came out swinging once growth returned to destroy its competition".

Identify ten best strategies...

Innovation is the last competitive edge left, unless you want to compete only on price. Is it time we had some innovation in economics? Paul Krugman in the NY Times has a great article "How did Economists Get it So Wrong?"