The mecca for China’s boom in artificial intelligence is Liangzhu, a leafy suburb of Hangzhou, the tech-heavy capital of Zhejiang province. The Communist Party has long touted Liangzhu’s famous archaeological remains, dating back to 3300BC, as proof of the age of Chinese civilisation. Now Liangzhu, with its myriad AI startups, represents the future. Investors from…
GitHub has launched Spark, a new AI tool that builds full-stack apps from simple text prompts. Spark is GitHub’s ambitious entry into the “vibe coding” trend, allowing users to go from an idea to a deployed application without writing code or configuring a server. Available in a public preview for GitHub Copilot Pro+ subscribers, the…
The competition, titled “AI for All”, will run through September and features 17 tracks, including automobile, tourism, cross-border e-commerce, smart agriculture, and market regulation. Hosted by the Guangxi regional government, the kick-off took place simultaneously in eight cities: Guangxi’s capital Nanning, Beijing, Shanghai, Hangzhou, Shenzhen, Hong Kong, Bangkok, and Kuala Lumpur. “Hong Kong’s AI ecosystem…
Microsoft (NASDAQ:MSFT) extends its generative AI investment lead as CIOs plan 6.3% higher AI tool spending. Morgan Stanley’s second quarter CIO survey showed IT budgets and software spending set to grow 3.6% year over year through 2025, down slightly from Q1’s 3.7% pace. Analysts led by Keith Weiss said Microsoft commands the steepest forward growth…
July 4 – Wedbush Securities projects a more than 10% gain for major tech stocks in the second half of 2025, driven by a surge in enterprise and government AI spending. The top five picks are Nvidia (NASDAQ:NVDA), Meta Platforms (META), Microsoft (NASDAQ:MSFT), Palantir (NASDAQ:PLTR) and Tesla (NASDAQ:TSLA). Analysts estimate roughly $2 trillion will flow…
Elon Musk announced his new company xAI, which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images XAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said. Half of that sum was clinched…
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…
(Reuters) -Goldman Sachs on Monday announced a firmwide launch of an artificial intelligence assistant, a tool driven by generative AI, to boost productivity, according to an internal memo seen by Reuters. Around 10,000 employees at the bank are already using the GS AI Assistant, the memo sent to staff by Chief Information Officer Marco Argenti…
Founded in 2018 at fast-rising Chinese technology hub Hangzhou, capital of eastern Zhejiang province, Zhiyi Tech is focused on compiling style and sales data from major shopping and social-media sites around the world, providing clients with data-driven analysis of fashion market trends. Zhiyi Tech founder and CEO Zheng Zeyu said in a Post interview last…
The United Kingdom travel market reached £53.5 billion in gross bookings in 2024, up 7% from the previous year, according to Phocuswright’s latest research report, U.K. Travel Market Essentials 2025. Although growth is expected to moderate to around 5% annually from 2026, the market remains robust—particularly in digital channels. Online penetration climbed to 88% and is…