A group of French and German economists has urged Europe to identify which industries to support in the face of Chinese competition and boldly abandon those where the battle had already been lost, such as the solar power sector. The recommendations were presented in five memos to the Franco-German Council of Ministers at the request…
Last week, you might have seen that Kraken Robotics Inc. (CVE:PNG) released its quarterly result to the market. The early response was not positive, with shares down 8.2% to CA$3.46 in the past week. Revenues of CA$26m beat analyst forecasts by6.6%, while the business broke even in terms of statutory earnings per share (EPS). This…
The first World Humanoid Robot Games began Friday in Beijing. More than 500 humanoid robots in 280 teams from 16 countries, including the U.S., Germany and Japan, competing in sports including soccer, running and boxing, at the 12,000-seater National Speed Skating Oval, built for the 2022 Winter Olympics. (AP video by Wayne Zhang and Olivia…
By Liam Mo and Brenda Goh BEIJING (Reuters) -China kicked off a three-day long sports showcase for humanoid robots on Friday, looking to highlight progress in artificial intelligence and robotics with 280 teams from 16 countries competing in the World Humanoid Robot Games. Robots will compete in sports such as football, track and field, and…
China has made a significant leap in the global artificial intelligence (AI) race, with the country now accounting for more than 40 per cent of the world’s AI models. According to data released at the World Artificial Intelligence Conference (WAIC) in Shanghai, China currently hosts 1,509 AI models out of a global total of 3,755….
NEW YORK (AP) — The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three…
Tesla CEO Elon Musk just confessed that he thinks his 13% ownership stake in the electric vehicle manufacturer leaves him vulnerable to activist shareholders who could move to oust him from the $1 trillion company. Still, he admitted he shouldn’t have so much control over Tesla that the board can’t fire him if he goes…
By Akash Sriram (Reuters) -Computer vision technology firm RealSense said on Friday it has completed its spinout from Intel Corp (INTC) and secured $50 million in early-stage funding to accelerate expansion into the rapidly growing robotics sector. The company develops cameras that enable machines and devices to perceive the world in three dimensions, allowing them…
Nvidia (NVDA, Financials) isn’t just the chip king anymore; it’s turning its gaze toward something even bigger humanoid robots. As the company brushed up against a $3.89 trillion market cap this week, CEO Jensen Huang took the stage in Paris and said it plainly; robotics, he believes, could become the largest industry in the world….
May 5, 2025 IPO applications at the Hong Kong stock exchange have surged, with filings in the first four months of the year increasing by 29% compared to the previous year, according to a report from the South China Morning Post. The exchange has seen 112 companies submit applications to list on its main board,…