Tech war: DeepSeek’s V3.1 model emerges as ‘key pillar’ for China’s chip self-sufficiency

Tech war: DeepSeek’s V3.1 model emerges as ‘key pillar’ for China’s chip self-sufficiency

The Hangzhou-based start-up’s updated model, which supports an innovative data format called UE8M0 FP8, was “ushering in a booming domestic computing power chain”, Huatai Securities analysts said in a research note on Tuesday. That architecture showed that the synergy between mainland-designed software and chips would realise significant results, according to the report. FP8, known as…

Read More
US core capital goods orders, shipments surge in July

US core capital goods orders, shipments surge in July

WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods increased more than expected in July, suggesting business spending on equipment got off to a strong start in the third quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, surged 1.1% last month after a revised 0.6% decline in June, the…

Read More
China’s Xi Jinping hails ‘most stable’ ties with Russia ahead of Putin visit

China’s Xi Jinping hails ‘most stable’ ties with Russia ahead of Putin visit

President Xi Jinping said on Tuesday that China’s ties with Russia are the “most stable, mature and strategically significant” among major world powers, state media reported. During a meeting with Vyacheslav Volodin, chairman of Russia’s Duma, or lower house of parliament, Xi hailed the countries’ relationship as being a “stable source of world peace”, Chinese…

Read More