A UK town less than 20 miles from London has had a steep increase in commercial emissions over the past two decades, prompting alarm from local politicians. Slough, in Berkshire, was found to have seen a whopping 52% rise since 2005, way above the figures seen for a number of traditional industrial areas, according to…
(Reuters) –Elon Musk‘s xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry. The $5 billion raised in debt consists of financing of secured notes and…
That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials, oil and gas research at BofA Global Research, said in an interview on Monday. Government investment is expected to account…
Chinese semiconductor company Montage Technology reported a sharp surge in revenue and profit in the March quarter, following a significant rise a year earlier, in a sign of the country’s expanding presence in the memory chip segment. The Shanghai-based integrated circuit design firm, which supplies connectors to dynamic random-access memory (DRAM) chips, said in a…
According to a report on Thursday by state-owned investment bank China International Capital Corp (CICC), about 5 per cent of the country’s AI server demand will be generated from industries that produce sensitive information including government, finance, public services and healthcare. These sectors are expected to adopt the DeepSeek-powered AI machines, lifting total 2025 sales…
Alibaba Group Holding is spearheading China’s Big Tech sector in the race for global leadership in artificial intelligence (AI) technology and infrastructure with its spending plan, competing with US giants like Apple and Microsoft for first-mover advantage, analysts said. The e-commerce leader’s 380 billion yuan (US$52.4 billion) capital expenditure for computing resources and AI infrastructure…
China has created an underwater data centre with enough computing power to support 7,000 conversations with DeepSeek per second, according to state media. A new data centre capsule was added to an existing energy efficient data processing cluster near China’s southernmost Hainan island on Tuesday, state broadcaster CCTV said. The addition boosted the computing power…
Malaysia’s semiconductor industry stands to benefit from the escalating US-China tech war, as trade restrictions steer more companies to consider the Southeast Asian country as a viable alternative in the global chip supply chain, according to experts. As the US government continues to tighten trade restrictions on China, Malaysia is seeing more opportunities to develop…
WMDoll, one of China’s biggest sex doll makers, expects to record a 30 per cent jump in sales this year, as the company’s adoption of open-source generative artificial intelligence (AI) models helped improve the user experience of its products. Feedback received by WMDoll has been generally good after integrating large language models (LLMs) – the…
The Stargate Project – a venture initially led by SoftBank Group, ChatGPT creator OpenAI, Oracle and Emirati investment firm MGX – plans to plough up to US$500 billion in the US over the next four years into an advanced network of data centres, housing high-performance computing infrastructure needed for AI development initiatives. The first such…