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To describe the uncontrolled adoption of artificial intelligence (AI) as a “mixed blessing” is a grotesque understatement. It is better termed a miscalculated risk that reflects the world’s present sad and potentially tragic lack of responsible leadership, in Western nations especially. On the one hand, we are assured AI will raise productivity and economic growth. It will be a particular blessing for developing countries, such as those in Asia, enabling them to leapfrog the centuries it took...
As Leopold Aschenbrenner’s US hedge fund saw assets wiped off by more than two-thirds in a single month, some of China’s new portfolio managers also felt the shock across the Pacific, learning bitter lessons early in their careers. The 50-day market turmoil, sparked by a global correction in artificial intelligence stocks in June, turned some of China’s rookie managers into an unwitting focal point. Even seasoned investors faced hard questions from clients as portfolios sagged. For Yuan Zeqiang,
Chinese artificial intelligence company DeepSeek is venturing into a new battleground beyond large language models, launching a developer preview of its long-anticipated Harness – a software framework that helps developers turn AI models into autonomous agents. The release on Thursday marks a strategic pivot as DeepSeek moves to build foundational digital scaffolding for AI agents – systems capable of using AI models to operate external software, run code, and complete complex jobs on their...
Chinese artificial intelligence firm Zhipu, also known as Z.ai, has unveiled its flagship GLM-5.3 model, saying it beat Anthropic’s frontier Mythos 5 model in a key cybersecurity test, as China races to counter Western advances in AI defence. Beijing-based Zhipu said GLM-5.3 achieved a success rate of 84.5 per cent on CyberGym, a benchmark that measures whether models can identify and validate security flaws from source code. That was above Anthropic’s Mythos at 83.8 per cent and OpenAI’s...
China’s richest province has deepened its partnership with technology giant Alibaba Group Holding, eyeing a broad digital upgrade spanning artificial intelligence, semiconductors, and smart public services. Under a strategic cooperation framework agreement signed on Thursday in Guangzhou, capital of Guangdong province in southern China, the Hangzhou-based firm planned to increase its investments in computing power, AI models and digital services, according to a report by local state media...
SMIC, China’s biggest contract chipmaker, is planning to boost capacity after beating earnings expectations amid the artificial intelligence (AI) boom. Demand is “far exceeding our previous expectations”, so the company is adjusting expansion plans and may add more equipment at existing sites, chief executive officer Zhao Haijun said on an earnings call on Friday. He didn’t provide details. The chipmaker’s shares gained 4.8 per cent in Hong Kong trading after it more than tripled second-quarter.
For Eric Huang, a Guangdong-based healthcare entrepreneur who owns a Lamborghini Aventador and a Tesla Model S Plaid, the appeal of Chinese premium electric vehicles (EVs) has grown as their technology has caught up with his expectations. “I hold electric cars to strict safety standards, so I used to stick to Tesla,” Huang said. But he added that domestic brands had now met his standards. His next purchase, he said, would be a six-seat premium electric minivan equivalent from a Chinese brand,...
When Beijing-based neurosurgeon Jin Shanmu pulled up a chair at his computer, he was not looking to make mathematical history. He was simply trying to crack a problem related to brain ultrasounds. Instead, the self-taught maths enthusiast, with help from OpenAI’s latest flagship artificial intelligence (AI) model, solved a two-decade-old mathematical puzzle that had frustrated experts around the world since 2004. Jin, a postdoctoral researcher and resident at the Peking Union Medical College...
Chinese artificial intelligence start-up DeepSeek has quietly released DeepSeek-V4-Pro-0813, an updated version of its latest flagship model, leaving some developers underwhelmed by its overall capabilities and disappointed in its pricing – but impressing researchers in niche areas like cybersecurity. The stealth update to April’s preview version came with a brief statement on DeepSeek’s official website on Wednesday, noting that the model offered “significantly enhanced agent capabilities”, but
For years, Elon Musk has dreamed of conquering a range of chronic health conditions by inserting computer chips into the human brain. But that vision could become reality fastest in China, where state authorities are launching a coordinated effort to accelerate the nascent industry’s development. The past few days have seen a string of initiatives related to brain-computer interfaces (BCIs) announced in China, involving parties ranging from state insurance companies to investment banks and local
A venture capital fund backed by Yangtze Memory Technologies Corp (YMTC), China’s top producer of NAND flash memory, has taken a stake in domestic semiconductor manufacturer SOI Micro, adding a high-profile investor to the country’s push for an alternative chipmaking ecosystem. Led by a prominent figure in China’s semiconductor industry, SOI Micro is focused on developing fully depleted silicon-on-insulator (FD-SOI) technology – a low-power chipmaking technology that offers a complementary route
Chinese smartphone maker Honor has launched a handset with a motorised robotic camera that nods back at users, betting that its interactive hardware will spark growth in a cooling global market for the devices. The new Robot Phone, unveiled on Wednesday, features a three-axis mechanical gimbal with four degrees of motion, allowing for video stabilisation and interaction via nodding and tilting. Activated by a hand gesture, the gimbal camera unfurls from the back of the device – a mechanism that.
Tencent Holdings nearly tripled its capital spending in the second quarter to supercharge its AI push, as accelerating investments in computing power and models helped drive better-than-expected revenue. Revenue for the quarter ending in June reached 204.8 billion yuan (US$30.4 billion), up 11 per cent year on year from 184.5 billion yuan, the Chinese tech giant reported on Wednesday. The figure beat average analyst estimates of 202.8 billion yuan compiled by Bloomberg. Adjusted net income...
Chinese AI start-up ModelBest has kicked off its pre-initial public offering (IPO) tutoring process for a listing in mainland China, capitalising on growing demand for compact artificial intelligence models that run locally on devices like smartphones and laptops, and in cars. The four-year-old company also appears to be banking on its small-model strategy to overcome China’s acute shortage of advanced American computing chips by training lightweight systems optimised for domestic...
South Korean chipmaker SK Hynix’s potential deal to offload a packaging plant in southwest China is part of a strategic pivot towards higher-margin artificial intelligence (AI) memory products, according to analysts. But a sale might not be straightforward, as the memory chip giant would need to navigate valuation hurdles and a volatile chip cycle, they cautioned. SK Hynix said on Monday it was “looking into various solutions to enhance the competitiveness of its packaging business”, after...
Unitree Robotics’ Shanghai initial public offering (IPO) was more than 5,500 times oversubscribed by retail investors as optimism about fast stock gains and Chinese robot demand outweighed concerns about a US import ban. The 6.1 billion yuan (US$900 million) share sale drew 9.8 million orders from individual investors, the robot maker said in a statement on Monday. Just 0.018 per cent of orders will be fulfilled, even after the Hangzhou-based company boosted the number of retail shares by half..
China’s dominance in open-weight artificial intelligence faces a fresh challenge from Meta Platforms, whose renewed push into open-source models could lure away American customers anxious about looming regulatory restrictions in Washington, analysts say. The US tech giant on Monday launched Muse Glimmer, a 30-billion-parameter open-weight model light enough to run locally on personal computers, while also announcing plans to release the weights of its latest flagship Muse Spark 1.2 model. In a..
While Unitree Robotics’ early backers are poised for a windfall in one of China’s most closely watched technology initial public offerings (IPOs), retail investors are scrambling for a tiny chance of securing shares. Nearly 9.8 million accounts competed in the Hangzhou-based robot maker’s online subscription process on Monday, fighting for just 9.7 million shares, its filings in the evening showed. The final online allocation rate was just 0.018 per cent – roughly one winning lot for every 5,500
A group of US investment giants are partnering with Nvidia on US$500 billion in funding for AI infrastructure projects, the Financial Times reported. Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield Asset Management, Goldman Sachs and KKR are among the firms in talks with Nvidia on a deal to invest in the AI buildout, the Financial Times reported, citing unidentified sources. The deal may be announced as soon as Monday, the Times said. The named firms.
The cost for businesses to run AI models has fallen to a yearly low, according to research by investment bank Jefferies, driven by a heated global price war and a surge in adoption of low-cost Chinese open-source tools, such as those from DeepSeek. Average inference prices – measured per million tokens, or chunks of data handled by a model – ranged between US$1.16 and US$1.18 from August 6 to 8. That marked the lowest level recorded this year, Jefferies said on Monday, citing data from US...
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