When Chinese artificial intelligence firm DeepSeek shocked Silicon Valley and Wall Street with its powerful new A.I. model, Marc Andreessen, the Silicon Valley investor, went so far as to describe it as “A.I.’s Sputnik moment.” Presumably, Mr. Andreessen wasn’t calling on the federal government to start a massive new program like NASA, which was our…
Jordan Jacobs, an investor at the venture capital firm Radical Ventures, has spent the last few days fielding half a dozen calls from his firm’s investors. All of them wanted to know about DeepSeek, a Chinese artificial intelligence app that topped the app stores over the weekend. DeepSeek had created a powerful A.I. model with…
When a small Chinese company called DeepSeek revealed that it had created an A.I. system that could match leading A.I. products made in the United States, the news was greeted in many circles as a warning that China was closing the gap in the global race to build artificial intelligence. DeepSeek also said it built…
As China’s DeepSeek – a relatively recent entrant in a crowded field of companies producing artificial intelligence (AI) models – threatens the dominance of the United States in the nascent but highly competitive sector, the province that nurtured the upstart company is taking steps to become a world-leading hub for frontier technologies of all types….
Li Zexiang, the Chinese professor credited with nurturing some of the country’s most valuable tech start-ups, including DJI, is embarking on a new mission to create multiple Silicon Valleys across China and drive the next wave of innovation. “For a large country like China, it can’t rely on just one company. It needs communities, and…
Hong Kong’s main technology park operator and Saudi Arabia’s start-up incubator have agreed to collaborate, giving fintech companies in the city access to financing from a Middle East fund to pursue their growth ambitions. Hong Kong Science and Technology Parks (HKSTP) and Beta Lab signed an agreement in Riyadh on Tuesday as the annual Future…
Hong Kong will become more aggressive in luring investors who can help develop start-ups as the city seeks to diversify the economy and boost the innovation and technology (I&T) sector, the Post has learned. Sources told the Post that city leader John Lee Ka-chiu would announce changes to how the HK$2 billion (US$257.4 million) Innovation…
Hong Kong technology venture-capital (VC) firm MindWorks Capital has finalised a new US dollar fund to invest in start-ups across the Greater Bay Area and Asia, defying an extended slump for China-focused private investments amid geopolitical headwinds. MindWorks closed a US$220 million new fund, with investors including sovereign wealth funds, a university endowment, asset managers,…
Investors who applied to Hong Kong’s relaunched cash-for-residency scheme included some who may not stay in the long run but sought the status as a “stepping stone” for their business ventures or children’s education, immigrant consultants have said. The government reintroduced the Capital Investment Entrant Scheme with revised criteria in March, opening back up a…
China’s leading artificial intelligence (AI) start-ups are looking to chase down new opportunities in their field, following the preview of an advanced new series of large language models (LLMs) – the technology underpinning generative AI services – by ChatGPT creator OpenAI, according to executives at Alibaba Cloud‘s Apsara Conference in Hangzhou. OpenAI o1, previewed earlier…