Cs news

Unit of China's Ant Group unveils first humanoid robot, entering segment led by Unitree

Unit of China’s Ant Group unveils first humanoid robot, entering segment led by Unitree

Ant Group unveiled its first humanoid robot at a trade show in Shanghai on Thursday, heralding the Chinese fintech company’s entry into the increasingly competitive field of embodied artificial intelligence to take on rivals like Unitree Robotics. The wheeled, two-armed humanoid, named R1, was developed by Ant’s robotics unit Ant Lingbo Technology, also known as…

Read More
Minister for National Development Chee Hong Tat said companies should fine-tune and communicate their strategic plans, hold regular investor engagements and make their growth story “accessible”.

MAS to review rules to ease listed companies’ concerns over sharing their forecasts: Chee Hong Tat

SINGAPORE – Singapore-listed companies will be encouraged to share their plans with investors, including views on their outlook and prospects, said Monetary Authority of Singapore (MAS) deputy chairman Chee Hong Tat. While this is commonly done in overseas markets, he noted that there may be genuine concerns about potential legal exposure when companies here provide…

Read More
Snow-blowing, lawn-mowing robots clear the way for China’s tech expansion

Snow-blowing, lawn-mowing robots clear the way for China’s tech expansion

China’s consumer robotics start-ups are finding new growth opportunities in overseas markets, providing a new development model for the country’s manufacturers as they attempt to escape problems wrought by excess capacity and destructive price wars at home. These up-and-coming robotics firms are leveraging mature supply chains and rapid product iteration cycles to compete on technology…

Read More
Billionaire Warren Buffett Can't Stop Buying Shares of a Historically Cheap Legal Monopoly, but Also Dumped Nearly a Third of His Stake in Another Monopoly

Billionaire Warren Buffett Can’t Stop Buying Shares of a Historically Cheap Legal Monopoly, but Also Dumped Nearly a Third of His Stake in Another Monopoly

Though publicly traded legal monopolies are somewhat of a rarity, the Oracle of Omaha oversees two in Berkshire Hathaway’s investment portfolio. The sun is setting on one of Wall Street’s most illustrious investing careers. By the end of the year, Berkshire Hathaway (BRK.A 0.92%) (BRK.B 1.38%) CEO Warren Buffett will retire as his company’s day-to-day…

Read More