Chinese tech giants race to expand AI services market with latest open-standard protocol

Chinese tech giants race to expand AI services market with latest open-standard protocol

Major Chinese technology companies are racing to launch services based on the open model context protocol (MCP), which enables Manus-like artificial intelligence (AI) agents to connect with third-party online tools, data sources and systems – a trend that could expand the commercial adoption of such applications. Alipay operator Ant Group – the fintech affiliate of…

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Apple earnings: Beats projections thanks to strong iPhone 16 sales, but China and services lag behind

Apple’s fourth-quarter earnings exceeded expectations on Thursday, driven by robust initial sales of the iPhone 16 series, a lineup emphasising Apple’s new AI-driven features. Apple reported $94.93 billion in sales, just above Wall Street’s target of $94.58 billion, with earnings of $1.64 per share, excluding a significant EU tax charge. However, weaker-than-anticipated sales in China…

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