Snapshots That Wow!

China needed a Musk, a decade ago

The anti-population problem that China faces next!

Source: WSJ, National Bureau Statistics China

DJ wale babu exiting?

CY24 saw ~US$32.4bn worth of sell-downs from promoters, and VCs/PEs. Among major promoter/VC/PE sell-downs/exits in CY24 were Interglobe Aviation (~US$2.6bn), Indus Towers (~US$2.2bn), ITC (~US$2.09bn), PNB Housing Finance (~US$1.01bn), PB Fintech (~US$0.96bn), Zomato (~US$0.91bn) and Mphasis (~US$0.81bn).

Source: IIFL Alt Desk

In the heat, we stopped sipping!

As the markets turn volatile, there was a significant shift in investor behavior in Q3 of FY25 with record % of new accounts seeing SIP discontinuation!

Source: AMFI

Better to be unqualified!

Almost 50% of QIPs (qualified institutional placement) from 2023 and 2024, are now trading below QIP price!

Source: @NiravParikh8

AI- the latest commodity on the block?

With R1, DeepSeek essentially cracked one of the holy grails of AI: getting models to reason step-by-step without relying on massive supervised datasets. The model organically learned to generate long chains of thought, self-verify its work, and allocate more computation time to harder problems.

“The most ironic part about DeepSeek vs OpenAI:

1. OpenAI was developed by a non-profit and costs $200/month

2. DeepSeek was developed by a hedge fund and costs $0/month

3. OpenAI is actually closed-AI

4. DeepSeek is actually open-AI”

Source: Artificial Analysis, Kobeissi Letter

Childhood lessons lost as we accept candy from strangers

Cash handout schemes like Ladki Bahin have rocketed from 1 lakh crore in 2020 to 12 lakh crore in 2025

12x growth in 5 years - unmatched by any other government expenditure program.

What will suffer- education budget? Health budget? Infrastructure budget?

Source: Axis Bank, @aviralbhat