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Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping

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

Alibaba’s two most senior executives bought about $15.3m of their own company’s shares on Monday. The stock had just fallen further than at any point in more than a year. Chairman Joe Tsai and chief executive Eddie Wu spent a combined HK$120m, according to filings with the Hong Kong exchange. What each of them bought […]

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Europe’s EV share hit 25% in July as sales jumped 51%

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

Electric cars took a 25% share of European registrations in July, with sales up 51% year on year against 4.1% growth for the market as a whole. Chinese brands took 34% of plug-in hybrid sales, a segment EU countervailing duties do not currently cover. Electric cars have stopped being a minority interest in Europe. Registrations […]

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Inner Mongolia signs $27bn of AI computing projects

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

Inner Mongolia signed 12 green computing projects worth 186.46 billion yuan on Saturday, about $27.49bn. It also broke ground on a platform to sell Chinese AI services abroad. The state news agency Xinhua reported both from Hohhot, the regional capital. The conference that hosted the signings was held on the Cilechuan Grassland. China builds the […]

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Temu-Owner PDD beats profit estimates as revenue growth slows to 8%

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

PDD Holdings posted adjusted quarterly earnings of 19.33 yuan per share against estimates of 18.51, with revenue up 8% to 112.4bn yuan, or $16.6bn, missing forecasts. Shares rose about 3.5% premarket as European regulatory pressure on Temu continues to build. Temu’s owner made more money than analysts expected and sold less than they hoped. PDD […]

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Temu-Owner PDD beats profit estimates as revenue growth slows to 8% Read More »

Taiwan indicts Nvidia manager over chips shipped to China

China, Data and security, Digital Marketing, nvidia, SEO Tips, Technology /

Taiwanese prosecutors have indicted a senior Nvidia manager and eight others over an alleged scheme that shipped 74 servers containing B300 chips to China via Japan and Indonesia. They are seeking five years for forgery and breach of trust. The first known criminal case against an Nvidia employee over AI chip smuggling has reached indictment. […]

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Thomson Reuters built its own model on a Chinese open base

Anthropic, Artificial Intelligence, Business, China, Digital Marketing, Legal, SEO Tips, Technology /

Thomson Reuters launched its first proprietary large language model on Monday. The company calls it Thomson. It says it spent $40mn on talent and compute to train the model, and that it began from what its announcement describes as “a strong open-source foundation”. The announcement does not say which foundation. Its chief technology officer named […]

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Galbot Robots Complete 100 Consecutive Rallies Against a Tennis Champion

Artificial Intelligence, China, Digital Marketing, Next Featured, robots, SEO Tips, Technology /

Galbot says its robot completed more than 100 consecutive autonomous tennis rallies against former world number 15 Zheng Jie at the World Humanoid Robot Games in Beijing. The rally count, the autonomy claim and the robot’s identity all rest on the company’s own account. A robot spent Saturday rallying with a former Wimbledon semi-finalist. The […]

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A humanoid robot just beat Usain Bolt’s 100m record, and roboticists are unimpressed for good reason

Artificial Intelligence, China, Digital Marketing, Next Featured, robots, SEO Tips, Technology /

A robot built by Beijing’s X-Humanoid ran 100 metres in 9.39 seconds at the World Humanoid Robot Games, beating Usain Bolt’s 9.58-second record. Roboticists point out that speed on a known course is far easier for a machine than folding laundry. A machine has run the 100 metres faster than any person ever has. A […]

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Harvey’s first in-house model for legal work is here

Artificial Intelligence, Business, China, Digital Marketing, SEO Tips, Technology /

Harvey has launched Tenet, its first proprietary model for legal work, post-trained on Kimi K3, the open-weight model from Chinese startup Moonshot. The company is backed by OpenAI, whose models Tenet is designed to displace inside Harvey’s own product. Harvey has stopped renting the thing its business depends on. The legal software company has launched […]

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Alibaba is raising $10.2bn and spending all of it on AI

Artificial Intelligence, China, Digital Marketing, Investors and funding, Next Featured, SEO Tips, Technology /

Alibaba is placing HK$80bn, about $10.2bn, of new shares in Hong Kong and says all net proceeds will go to AI infrastructure and capabilities. It comes days after the company reported a 75% fall in quarterly net profit driven by that same spending. Alibaba is going to the market for money to spend on AI, […]

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