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China to expand AI investment and boost tech innovation
Mar 06,2025
China has announced plans to increase support for AI development and boost venture capital investment as part of its broader strategy to drive technological breakthroughs and self-reliance. The initiative was outlined in a government report presented...
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Malaysia works with US and Singapore on Nvidia chip probe
Mar 06,2025
Malaysian authorities are investigating whether local laws were breached in the shipment of servers that may have contained advanced AI chips subject to U export controls. The case is linked to a fraud investigation in Singapore, where three men were...
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DeepSeek highlights China's rise in AI, Lou Qinjian says
Mar 04,2025
DeepSeek's progress is a clear sign of the growing influence of Chinese companies in the AI sector, according to a spokesperson for China's parliament. Lou Qinjian, speaking to reporters on Tuesday, praised the achievements of DeepSeek's young team, ...
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DeepSeek's transparency in AI profit projections challenges industry norms
Mar 03,2025
Chinese AI start-up DeepSeek has revealed that its theoretical profit margins could reach 545 percent, shedding light on the financial potential of its innovative approach to AI. The Hangzhou-based company said its V3 and R1 models' cost-to-sales rat...
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Zhipu AI secures over 1 billion yuan in new funding
Mar 03,2025
Chinese AI startup Zhipu AI has raised over 1 billion yuan ($137.22 million) in new funding, following a previous 3 billion yuan investment in December. The latest funding round comes amid growing competition in China's AI sector, particularly with r...
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Singapore examines fraud case involving AI chip transfers
Mar 03,2025
Singapore's government is investigating a fraud case involving servers supplied by US companies, potentially containing Nvidia's advanced chips. Three men, including a Chinese national, were charged last week in connection with the alleged illegal tr...
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Honor to expand into AI-powered devices with $10 billion plan
Mar 03,2025
Chinese smartphone maker Honor plans to invest$10 billion over the next five years to develop AI for its devices as it prepares for a public listing. CEO James Li revealed at the Mobile World Congress in Barcelona that the company aims to expand beyo...
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Singapore investigates alleged Nvidia chip smuggling
Mar 01,2025
Three men have been charged with fraud in Singapore as part of an investigation that may be linked to the illegal transfer of advanced Nvidia chips to the Chinese AI company, DeepSeek. The United States is also probing whether DeepSeek used US-made c...
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China expands DeepSeek AI to household gadgets
Feb 27,2025
China's embrace of DeepSeek's AI models has expanded beyond tech companies into everyday household appliances. The startup, based in Hangzhou, has seen a surge of support from Chinese manufacturers, with home appliance giants such as Haier, Hisense, ...
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Baidu unveils upgraded Ernie 4.5 model in March
Feb 27,2025
Baidu is set to launch the next generation of its Ernie AI model, the Ernie 4.5, in mid-March. This upgraded version will feature improved reasoning capabilities and enhanced multimodal functions, allowing it to process and integrate a variety of dat...
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Blackwell AI chip rollout fuels Nvidia's revenue surge
Feb 27,2025
Nvidia has forecast strong growth for the first quarter, reinforcing confidence in the booming demand for AI chips. Orders for the company's new Blackwell semiconductors were described as 'amazing', with CEO Jensen Huang stating that AI is advancing ...
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European AI stocks fall amid Microsoft data centre concerns
Feb 27,2025
European AI-related stocks declined for a second consecutive day on Tuesday, as concerns over Microsoft's data centre expansion dampened investor sentiment. A recent analyst note suggested Microsoft had cancelled major US data centre leases, raising ...
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