Bankers working for JPMorgan Chase and Goldman Sachs in Hong Kong must have been miffed when they were shut off from using artificial intelligence (AI) models from Anthropic, a pioneering American firm in the field. Goldman Sachs and JPMorgan Chase pulled the plug in April and last week respectively, based on a strict interpretation of…
Chinese startup DeepSeek released a new artificial intelligence model with “drastically reduced” costs Friday, more than a year after it stunned the world with a low-cost reasoning model that matched the capabilities of US rivals. China’s DeepSeek says releases long-awaited new AI model (AFP/Representative) The AI race has intensified the rivalry between China and the…
Mainland Chinese investors have slowed their purchases of Hong Kong-listed shares this year after last year’s record inflows, as more artificial intelligence investment opportunities have emerged in mainland markets, according to BNP Paribas. Southbound inflows via the Stock Connect cross-border system have reached about US$30 billion so far this year, a slower pace than 2025,…
Chinese artificial intelligence start-up DeepSeek suffered a prolonged outage overnight that extended into early Monday morning, disrupting service for hundreds of millions of users, according to a company notice and user feedback. The Hangzhou-based AI lab’s namesake chatbot website and app were offline from Sunday evening, with the company continuing to investigate while issuing fixes…
“AI Anxiety” is real and its growing as fast as the spread of AI in daily life. In China, where the spectacle of humanoid robots performing a perfectly synchronised dance is seen as technological progress, it has also occasioned “AI Anxiety”. It reflects a fear of being outpaced by technology. Of what it could mean…
The team proposed Pointer-CAD, a framework built on Alibaba Group Holding’s Qwen 2.5 model, which helps designers select edges or faces of a 3D object, increasing the accuracy and efficiency in computer-aided design (CAD), a tool widely used in engineering, manufacturing and architecture. Alibaba owns the South China Morning Post. The new method could “effectively…
For years, many in Washington and Silicon Valley believed the United States led in artificial intelligence, while China focused mainly on putting the technology to use rather than shaping its cutting edge. In her new book, The New Tech Titans of China, technology journalist Rebecca A. Fannin argues that this assumption no longer holds. The book tracks the rise of…
Intel CEO Lip-Bu Tan expressed shock at Huawei’s 100+ top CPU architects, developing alternatives to advanced tools and lithography. He warned China is rapidly closing the semiconductor gap through engineering and infrastructure optimization, even excelling in older tech. Tan also highlighted China’s regulatory speed and the US trailing in open-source AI development, urging immediate action…
On Feb. 21 in Nanchuan, Chongqing, a performer dressed as the God of Wealth mascot interacts with children. (Photo/Chongqing Daily) Chongqing – Major travel platforms reported a sharp surge in AI-driven bookings over the Spring Festival holiday, with orders for cultural and tourism products jumping more than 800% from pre-holiday levels and AI-assisted scenic ticket…
South Korean retail investors, known for their aggressive trading style, are ramping up exposure to Chinese artificial intelligence-related stocks, even as their home market ranks among the world’s top performers. Data from SEIBro, a portal operated by the Korea Securities Depository, showed that South Korean retail investors bought US$507 million worth of Hong Kong-listed shares…