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Tech

DBS launches treasury tokens with Ant International for cross-border liquidity management

DBS, Singapore’s largest banking group, has launched a treasury token pilot project with Ant International to improve cross-border treasury and…

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New Business

Chinese Big Tech to see big AI gains in social, educational and office use, report says

Artificial intelligence (AI) adoption is primarily benefiting users in three areas – social and entertainment, education, and office collaboration –…

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New Business

Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

Tencent Holdings saw profit jump 82 per cent in the second quarter, beating analyst estimates, on the back of new…

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Tech

Exclusive | PolyU’s top AI scientist Yang Hongxia seeks to revolutionise LLM development in Hong Kong

At present, Yang said LLM development has mostly relied on deploying advanced and expensive graphics processing units (GPUs), from the…

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Tech

Guangdong’s AI industry reaches US$25 billion as province competes with Beijing, Shanghai

The artificial intelligence (AI) industry in China’s southern Guangdong province grew to 180 billion yuan (US$25 billion) in 2023, according…

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Tech

Alibaba launches maths-specific AI models said to outperform LLMs from OpenAI, Google

“Over the past year, we have dedicated significant efforts to researching and enhancing the reasoning capabilities of large language models,…

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Tech

Chinese sneakerheads’ favourite shopping app Dewu to cut 500 jobs as weak spending persists

Shanghai-based e-commerce app Dewu, a popular option among young Chinese consumers looking for niche brands, will trim its workforce by…

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Tech

Chinese AI firms fight to stand out from rivals in text-to-video market

Chinese firms from start-up Zhipu AI to tech giant ByteDance have rushed to launch artificial intelligence (AI) video-generation tools in…

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Tech

TikTok owner ByteDance revs up nascent market for Sora-style services with Jimeng AI app

A screenshot of sample videos generated by ByteDance’s Jimeng artificial intelligence service from a mainland app store. Photo: SCMP The…

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Tech

Meet Yang Zhilin: Moonshot AI founder builds business in the mould of ByteDance, OpenAI

Yang is considered “an entrepreneur with potential”, said Cao Xi, founding partner at Hong Kong investment company Monolith Management and…

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