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…
BEIJING, March 05, 2025 (GLOBE NEWSWIRE) — In a confirmation of its position as a primary driver of China’s economic growth, Jiangsu Province’s gross domestic product (GDP) in 2024 grew by 5.8 percent year on year, 0.8 percentage points higher than the national rate. Like Jiangsu, China’s major provincial economies are playing an increasingly important…
China’s southern tech hub of Shenzhen plans to “fully compete” in emerging sectors such as artificial intelligence, announcing 160 billion yuan (US$22.07 billion) in “new-type infrastructure” investment for the year as it called on the city to embrace challenges like a “seabird braving the storm.” When delivering the city’s work report on Tuesday, Shenzhen Mayor…
President Xi Jinping, his colleagues from the Politburo and other economic mandarins are expected to gather this month for the annual tone-setting economic work conference. Stock traders are particularly interested in the gathering after disappointment with Beijing’s latest attempt at stimulus and are eager for signs of more supportive policies after US president-elect Donald Trump…