This article first appeared on GuruFocus. Chinese tech stocks are staging a comeback that’s turning heads across Asia. The Hang Seng Tech Index surged 4.2% on Wednesday, pushing the gauge to its highest level since November 2021 and marking its seventh straight week of gains. Baidu (NASDAQ:BIDU) led the move with a 16% jump, while…
Nvidia (NVDA) shares fell nearly 3% Wednesday after a Financial Times report claimed China’s regulators banned Chinese tech firms from purchasing some of the AI giant’s chips. The Cyberspace Administration of China has told companies, including ByteDance and Alibaba, to end their testing and orders of the RTX Pro 6000D, the Financial Times reported on…
Nvidia’s RTX6000D, its newest artificial intelligence chip tailored for the Chinese market, has seen only lukewarm demand with some major tech firms opting not to place orders, two people with knowledge of procurement discussions said. The RTX6000D, designed mainly for AI inference tasks, is seen as expensive for what it does, according to the two…
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…
By Casey Hall SHANGHAI (Reuters) – Alibaba’s mapping app Amap is moving away from its traditional focus on navigation and encroaching into rival Meituan’s local-lifestyle territory by launching its own ranking of restaurants, hotels and tourist destinations. Alibaba and Meituan are among the prominent tech companies in China locked in a bitter battle for market…
Apple’s plans to launch Apple Intelligence in China may be coming to fruition as a new report suggests that the company is now targeting its arrival before the end of 2025. Apple Intelligence Launching in China Before 2025 Ends According to the latest Power On newsletter by Mark Gurman (via Bloomberg), Apple is now targeting…
China is making progress in artificial intelligence “agentic frameworks”, the tools required to make AI agents, as the country’s tech giants begin to take on US players such as AutoGen and OpenAI Swarm. Tencent Holdings was the latest to join the fray after the Shenzhen-based company open-sourced its new Youtu-Agent agentic framework on Tuesday. Developed…
Global market activities varied on Monday, with Wall Street on holiday. Notably, Chinese tech stocks surged, led by a significant revenue boost in Alibaba’s cloud business driven by AI advancements. In Europe, the STOXX 600 index inched up 0.3%, buoyed by healthcare stocks and promising manufacturing data. As the trading week progresses, attention turns…
This article first appeared on GuruFocus. Alibaba (BABA, Financials) is testing a new artificial intelligence chip that could give Chinese firms more options as access to Nvidia hardware remains restricted, the Wall Street Journal reported Friday. The chip is built by a Chinese manufacturer and is more versatile than Alibaba’s earlier AI processor, which had…
China’s drive for economic self-reliance is raising the spirits and prospects of its semiconductor industry, as insiders expect more home-grown technologies after Washington revoked waivers for some foreign-owned chipmakers’ factories in China to use US technologies in their operations. The Chinese branches of South Korean chipmakers Samsung and SK Hynix, as well as Intel Semiconductor…