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…
In contrast, Chinese internet giants generally adopt a “traffic-driven, closed-loop ecosystem” strategy. ByteDance, for instance, uses short video platforms as the entry point and expands horizontally into areas such as e-commerce (TikTok Shop) and office applications (Feishu/Lark). Tencent builds vertically on its WeChat social network by integrating gaming, payments and enterprise services. Meanwhile, Alibaba revolves…
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…
The Huntsville City School Board has approved a new district-wide cell phone policy in response to the recently passed Focus Act, which requires school districts across Alabama to enact regulations that prohibit phones in classrooms. The new policy will take effect at the start of the upcoming school year. It prohibits students from using wireless…
A manual labourer who touched the hearts of Chinese internet users 15 years ago with the sacrifices he made for his toddler child has received a Father’s Day gift from his now young adult son. “Father, please take care of your health. I hope I can share a bit of your pressure,” said Ran Junchao,…
In This Story The world’s largest EV battery maker just shook the global financing stage with its IPO in Hong Kong. CATL, or Contemporary Amperex Technology Co., Ltd., saw its shares surge 16% on Tuesday, raising $4.6 billion in the world’s largest public offering so far this year. How Trump’s tariffs could make your iPhone…
DeepSeek photo illustration of the AI app environment with the logo.DeepSeek is a Chinese artificial … More intelligence company that develops open-source large language models LLM in a fraction of the cost of the US based competition. DeepSeek logo displayed on a smartphone screen with the flag of China on a screen in the background….
An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images For 10 years, Aaron Cordovez has been selling kitchen appliances on Amazon. Now he’s in a bind, because most…
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images As Google heads back to the courtroom Monday, the company is arguing that the U.S. needs the company in its full form to take on chief adversary…
Major Chinese technology companies are racing to launch services based on the open model context protocol (MCP), which enables Manus-like artificial intelligence (AI) agents to connect with third-party online tools, data sources and systems – a trend that could expand the commercial adoption of such applications. Alipay operator Ant Group – the fintech affiliate of…