China’s ChangXin Memory Technologies (CXMT) became the country’s most valuable listed company after its shares surged 470% in their Shanghai debut on Monday, highlighting strong investor enthusiasm for a domestic semiconductor champion at the centre of Beijing’s push for technological self-reliance, Reuters reported. The memory chipmaker raised 57.92 billion yuan ($8.6 billion) through its initial…
Artificial intelligence (AI) is at a very Chinese time in its life. Recent moves from Chinese AI labs are throwing the dominance of American “frontier labs” such as Google and OpenAI into question. Last week ByteDance, the company behind TikTok, released an AI video-generating tool called Seedance 2.0 which produces high-quality film-like clips from text…
Key Facts Japan’s Nikkei hits record highs: Tokyo’s Nikkei 225 notched a third straight record close on Sep 25, rising 0.3% near ¥45,755 as investors rotated into lagging stocks [1]. One strategist noted that “stocks that had been left behind [in] the latest rally” were being snapped up, a healthy rotation that bodes well for…
Underpinning the digital economy is a deep foundation of open-source software, freely available for anyone to use. The majority of the world’s websites are run using Apache and Nginx, two open-source programs. Most computer servers are powered by Linux, another such program, which is also the basis of Google’s Android operating system. Kubernetes, a program…