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Manus raises more than $500M in first funding round since Meta exit

China, Digital Marketing, Investors and funding, SEO Tips, Technology /

Butterfly Effect, the company behind AI agent startup Manus, said that it has closed a funding round of more than $500 million. This would be the first raise since Meta’s $2 billion-plus purchase of Manus was undone on Beijing’s orders. Boyu Capital and IDG Capital led the round. Existing investors Tencent, HSG (formerly Sequoia China), […]

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CrowdStrike links South Korean bank breaches to AI tools and a China suspect

Anthropic, China, Digital Marketing, Next Featured, Security, SEO Tips, Technology /

The person behind a wave of cyberattacks on South Korean banks may be a 26-year-old living in China’s Guangdong province, US cybersecurity firm CrowdStrike says. The suspect has not been named or charged, and South Korean authorities have not identified anyone. CrowdStrike set out its findings in a report published on October 7, and Reuters reported the […]

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Alibaba’s Joe Tsai says open source is Europe’s only way to AI independence

Artificial Intelligence, Business, China, Digital Marketing, Europe, Government and policy, SEO Tips, Technology /

Alibaba co-founder and chairman Joe Tsai says open-source AI is the only way for Europe to become independent in the technology. He spoke to founders and investors on Wednesday at Wave by Vento in Turin, in a session titled “The Other Side of the Story”. “Open source is the opportunity for Europe… That’s the approach […]

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DeepSeek reportedly nears $12bn funding round backed by Tencent and CATL

Business, China, Digital Marketing, Investors and funding, SEO Tips, Technology /

DeepSeek is close to raising at least 80 billion yuan, or about $12bn, in a new funding round, Bloomberg News reported on Tuesday. Tencent and the battery maker CATL have committed some of the largest sums, according to people familiar with the matter cited by Bloomberg. The Chinese AI lab had first set out to […]

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Nvidia-backed Reflection unveils Beam, its first open-weight model

Artificial Intelligence, China, Deep tech, Digital Marketing, SEO Tips, Startups and technology, Technology, United States /

Reflection AI, the Nvidia-backed startup founded by former Google DeepMind researchers, has unveiled Beam, its first open-weight model. Beam is built for coding, reasoning and agentic work. Reflection will release its weights later this month, the company said in a blog post on Monday. Anyone can download an open-weight model and run it on their […]

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China wants solid-state batteries in use by 2030, and CATL rates them four out of nine

Battery, Business, China, Digital Marketing, Electric vehicle, SEO Tips, Sustainability, Technology /

China’s industry ministry and six other agencies set 2030 as the date for the first large-scale use of all-solid-state batteries, though CATL’s chairman rates the technology four out of nine and calls million-vehicle use before 2030 very unlikely. ProLogium’s Dunkirk plant, the largest new European cell project since Northvolt went bankrupt, is staged at 0.8 […]

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Zelensky asked Trump to block Russia’s Starlink rival, FT reports

Asia, China, Digital Marketing, Europe, SEO Tips, Space, Technology, United States /

Ukrainian President Volodymyr Zelensky has asked Donald Trump to sanction the Russian and Chinese companies building Russia’s answer to Starlink, the Financial Times reported. He has raised it with Trump several times, including at a recent meeting in New York. Ukrainian news agency UNN cited those details from the FT report. A network for the front line The […]

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US charges California man with smuggling $300mn of AI servers to China

China, Digital Marketing, Government and policy, Security, SEO Tips, Technology, United States /

US authorities have arrested a California man accused of smuggling more than $300mn of computer servers packed with AI chips to China, the Justice Department said on Thursday. Greg Lui, 38, of San Gabriel, also known as Yiu Kong Lui, was arrested on Wednesday, prosecutors said. Reuters also reported the case, in a story carried by The […]

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Tencent leases 100,000 AI chips from Oracle in a $7bn deal, FT reports

Artificial Intelligence, Asia, Business, China, Digital Marketing, Government and policy, SEO Tips, Technology /

Tencent has signed a five-year lease to use about 100,000 advanced AI chips from Oracle. People familiar with the matter told the Financial Times about the deal. The chips, which are not available in China, sit in several Oracle data centres in South-East Asia. The deal, signed this year, is worth about $7bn, and Tencent […]

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Ford’s CEO says it is too late for Europe to fend off Chinese carmakers

Business, China, Digital Marketing, Electric vehicle, Government and policy, SEO Tips, Technology /

Ford chief executive Jim Farley said it is too late for Europe to fend off Chinese carmakers and that the United States should take its time deciding. Ford’s own answer in Europe is a Valencia joint venture in which Geely holds 34% and will build two of the four electric models from 2028. Ford’s chief […]

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