Shenzhen has outlined a plan to boost the combined market capitalisation of locally listed companies by 40 per cent to 20 trillion yuan (US$2.8 trillion) through 2027 by encouraging mergers and acquisitions within the technology industry. The city, home to some of China’s biggest tech companies like Tencent Holdings and Huawei Technologies, also aimed to…
Ultra-Low Training Cost: Chinese AI startup DeepSeek claims it trained its flagship R1 large language model for just $294,000, far below the tens of millions (or more) typically spent by U.S. tech giants reuters.com reuters.com. The figure was revealed in a peer-reviewed Nature paper on September 17, 2025 reuters.com. Hardware and Training Setup: DeepSeek’s R1…
Authorities in China’s southern tech hub of Shenzhen have called for leniency towards innovators whose government-funded projects fail or do not pass evaluation. The first policy statement of its kind from the Shenzhen Science and Technology Innovation Commission comes as China aims to cement the city’s status as a hi-tech powerhouse and reduce reliance on…