China has barred two co-founders of Manus AI startup from leaving the company amid an ongoing probe into its $2 billion acquisition by Meta, reported Financial Times. The move comes as authorities review whether the deal violated foreign direct investment rules and national security rules. As per the report, the founders – Xiao Hong and…
ByteDance is reportedly developing an AI chip. This will position the parent company of the popular short-video app TikTok to compete with Nvidia in the AI-processor market. According to a report by the news agency Reuters, the Chinese tech giant has entered talks with Samsung Electronics to manufacture the AI chip. The partnership comes as…
Hong Kong has brought its largest delegation ever to the US consumer electronics trade show CES as it strives to become a global technology hub, but US visa denials and the abruptly cancelled attendance of the city’s technology chief have cast a shadow over its efforts. Some employees at exhibiting Hong Kong firms did not…
China is reportedly offering a solution to every AI company’s biggest problem – soaring energy bills. The country’s government is reportedly increasing financial incentives for data centres, offering tech companies subsidies that cut their energy bills by up to half. The move is a direct effort to boost China’s homegrown semiconductor industry and sustain its…