In the second instalment of the two-part series on the outlook for the Hong Kong and mainland Chinese stock markets, Zhang Shidong and Yulu Ao look at the catalysts that could underpin the rally. Read part one here. When Chinese stocks hit a 10-year high this week, Jian Shi Cortesi saw it as a sign…
Chinese scientists have developed the world’s first “all-frequency” 6G chip that could help bridge the digital divide between rural and urban communities. In practical terms this equates to being able to transmit a 50GB high-definition 8K movie within seconds – potentially opening up a range of commercial and educational opportunities to those living in remote…
Finnish lift maker Kone plans to set up its southern China headquarters in Shenzhen, which will include a research and development centre and a logistics hub, to tap growing opportunities in the Greater Bay Area. The company on Friday signed an agreement with the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen, marking…
Discussions with the White House to allow American AI chip company Nvidia to sell a less advanced version of its next-generation GPU chip to China will take time, Nvidia CEO Jensen Huang said on Thursday. When asked about White House talks on Blackwell chip sales to China in a Fox Business News interview, Huang said…
Two new papers in Science Robotics, published on August 27 by UC Berkeley roboticist Ken Goldberg, argue that truly capable humanoid robots remain far further off than the most optimistic timelines suggest. While large language models (LLMs) surged into everyday use by training on vast internet text, Goldberg says robots can’t ride the same data…
China’s tech industry has hailed Beijing’s latest strategy to widely apply artificial intelligence to economic and social enterprises amid hopes the move could boost market prospects for local suppliers of chips, servers and AI solutions. Beijing’s decision to implement AI in research, industry and consumption has further boosted confidence in the sector, particularly in computing…
In its latest road map for artificial intelligence, China has set targets for the adoption of AI-powered devices across various industries – aiming for over 70 per cent by 2027 and over 90 per cent by 2030. The targets, unveiled in guidelines by the State Council, China’s cabinet, on Tuesday, are part of Beijing’s “AI…
Hong Kong stocks rose on Wednesday on renewed optimism about China’s tech industry prospects, while investors awaited global AI chip leader Nvidia’s earnings. The Hang Seng Index gained about 0.1 per cent to 25,541.43 at noon, rebounding from a 1.2 per cent loss in the previous session. The Hang Seng Tech Index climbed 0.6 per…
Library e-book and audiobook app Libby is adding AI, much to the disappointment of some readers and librarians, who would prefer not to have AI inserted into their favorite apps. The new feature, “Inspire Me,” allows users to get book recommendations by using prompts or from their previously saved titles in Libby. To use the…
The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings…