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China’s Sora-like Vidu breaks into Hollywood with deal to produce GenAI anime series

A Chinese text-to-video generation start-up said it has signed a deal with a US animation studio to produce an artificial…

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New Business

China debuts economic data on service robots as humanoid industry grows

China’s state statistics agency has introduced a new data series on “service robots” in its monthly industrial output report, in…

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ICBC Asia backs Hong Kong developers with stable loan support amid sector’s challenges

ICBC (Asia) sees no undue risk in lending to Hong Kong’s large property developers and will also continue to write…

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New Business

China unveils 30-point toolbox to lift consumption

China has vowed to increase household wealth, boost the stock and property markets and funding for artificial intelligence (AI), under…

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Tech start-ups all the buzz, but many young Chinese prefer stable government jobs

As governments across China roll out new measures to boost employment and entrepreneurship on the back of an AI-driven tech…

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Opinion | Hong Kong must ensure it won’t lose control of Northern Metropolis

Financial Secretary Paul Chan Mo-po recently said the Hong Kong government would grant land in the Northern Metropolis to private…

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Foxconn’s profits drop as iPhone sales falter, but AI boom offers hope

The Taiwanese company, a major assembler of Nvidia servers, reported a 13 per cent fall in net income to NT$46.3…

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China manufacturing, AI pose an ‘existential threat’ to US in robotics sector

Automation enabled by intelligent robots will allow for a massive expansion in production capacity across industries, and China is currently…

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Former ByteDance executive takes helm at Baidu-backed Shengshu amid generative AI boom

A former ByteDance executive has joined Shengshu AI as CEO, marking a significant hire by one of China’s leading artificial…

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Meta tests first in-house AI training chip, produced by TSMC, to cut reliance on Nvidia

Facebook owner Meta Platforms was testing its first in-house chip for training artificial intelligence (AI) systems, a key milestone as…

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