Alta was exactly what Amy Wu Martin was looking for. Last year, Wu Martin, an investor at Menlo Ventures, was searching for a startup that used AI to address the lack of personalisation in online shopping. After being introduced to Jenny Wang and trying out a beta version of her personal styling app Alta —…
With dual headquarters in Shanghai and Shenzhen, Dalton Venture will apply for an asset-management licence in Hong Kong next month and expects to start pursuing investments next year after receiving government approval, founding managing partner Steve Sun told the South China Morning Post in an interview on Friday. Dalton Venture aims to seize opportunities brought…
Dear readers, I have a confession: I am suffering from an ailment that the younger ones call “brain rot,” the inability to think deeply after too much scrolling on my phone. These days, it’s tough to even finish a book. Plenty of people have this problem. So many, it has birthed a category of minimalist…
Shares of CoreWeave, the first artificial intelligence start-up to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the company had set a day earlier. The company’s share price, trading under the ticker symbol CRWV, signaled concern among Wall Street investors about the…
As governments across China roll out new measures to boost employment and entrepreneurship on the back of an AI-driven tech boom, many young people, worried that weak demand and a sluggish economy make starting a business too risky, remain drawn to stable government jobs. Seven central government ministries, including the Ministry of Human Resources and…
Hong Kong will soon announce guidelines on the development and application of artificial intelligence (AI), the city’s innovation chief has said. Secretary for Innovation, Technology and Industry Sun Dong revealed the move on Sunday after last week saying more than 70 government departments would use a locally developed ChatGPT-style AI tool powered by DeepSeek’s data…
When Xi Jinping, China’s leader, made his entrance at a symposium with a group of top entrepreneurs this week, he seemed to be in good spirits. China has had a few good weeks. The artificial intelligence models by the start-up DeepSeek sent U.S. stocks tumbling and Western commentators screaming, “Sputnik moment.” Then an animated film…
Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock market in early 2022 delayed its listing. Since then, the company has waited for the right moment. Last week, Turo pulled its listing entirely. “Now is not the right time,” Andre Haddad, the company’s chief…
Vice President JD Vance told European and Asian leaders in Paris on Tuesday that the Trump Administration was adopting an aggressive, America First approach to the race to dominate all the building blocks of artificial intelligence, and warned Europeans to dismantle regulations and get aboard with Washington. On his first foreign trip since taking office,…
Nicola Gunby, co-founder of Cliq. Nicola Gunby Nicola Gunby, a 30-year-old entrepreneur, longed for a community of friends when she moved to London after the pandemic, but was shocked to find herself isolated in one of the biggest cities in the world. Gunby, the co-founder of social and community networking app Cliq, hails from Nottingham…