SenseTime has significantly narrowed its losses while achieving robust growth in its generative artificial intelligence business in the first half of 2025, as China pushes a nationwide initiative to advance the AI industry. The Hong Kong-listed company on Thursday posted revenue of 2.36 billion yuan (US$330 million) for the six months ended June 30, marking…
The Hangzhou-based start-up’s updated model, which supports an innovative data format called UE8M0 FP8, was “ushering in a booming domestic computing power chain”, Huatai Securities analysts said in a research note on Tuesday. That architecture showed that the synergy between mainland-designed software and chips would realise significant results, according to the report. FP8, known as…
A record high number of private-sector executives and chief scientists have been shortlisted this year to compete for academicianship in China’s top institute for engineering science and technology. Nineteen are included on the newly released candidate list for the Chinese Academy of Engineering (CAE), including Hu Guoping, 48, principal researcher and co-founder of AI specialist…
Nvidia is developing a new artificial intelligence chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, according to two people briefed on the matter. US President Donald Trump last week opened the door to the possibility of more advanced…
In another show of support for China’s private sector, Beijing has released the details of a speech from President Xi Jinping which included vows the country would guarantee a level playing field for private firms, safeguard entrepreneurs’ lawful rights and interests, and step up efforts to solve their long-standing challenges, including overdue payments. The full…
US President Donald Trump said on Monday that he had personally negotiated a deal with Nvidia chief executive Jensen Huang, letting the tech company sell a lower-end chip in China in exchange for part of those sales revenues being paid to the US government. The highly unusual deal was first reported on Sunday by the…
Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items. The average discount offered by mainland Chinese electric vehicle (EV) and petrol car manufacturers…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. China’s high-speed rail nears 50,000km milestone – but is it…
Taiwan prosecutors arrested six people suspected of stealing trade secrets from Taiwan Semiconductor Manufacturing Co (TSMC), opening an investigation into a potential breach of national security involving a global tech industry linchpin. The chipmaker to Nvidia reported a number of former and current staff to authorities on suspicion they illegally obtained core technology. A total…
China’s cyberspace regulator has summoned Nvidia to explain whether its H20 chips have any “back-door safety” risks, casting a shadow over the US chip giant’s local operations. The Cyberspace Administration of China (CAC), the agency responsible for cybersecurity, said in a statement on Thursday that it had summoned and interviewed Nvidia regarding the risks associated…