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Nvidia’s strong forecast calms AI bubble jitters, for now

The chipmaker’s stellar third-quarter earnings and fourth-quarter forecast calmed, at least temporarily, investor nerves over concerns an AI boom has…

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Nvidia’s latest earnings run into a market suddenly afraid of AI spending

Wall Street will get a sense of where the billions of dollars being spent on artificial intelligence are going when…

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New Business

Anthropic commits US$50 billion to build AI data centres in US

Anthropic plans to spend US$50 billion to build custom data centres for artificial intelligence work in several US locations, including…

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Chinese budget retailer Miniso bets big on collectible designer toys

Chinese retail giant Miniso aims to become a leading player in the designer toy market, as it broadens its digital…

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New Business

Trump’s US$100,000 H-1B visa threatens India’s US$280 billion IT services sector

Donald Trump’s sticker shock on H-1B visas risks disrupting Indian tech firms’ US projects, and is forcing Prime Minister Narendra…

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Alibaba’s world-leading AI lab becomes a target for talent poaching by Chinese rivals

Top artificial intelligence talent at Alibaba Group Holding’s Tongyi Lab, developer of the widely used open-source Qwen models, has become…

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DeepSeek’s AI dominance in China challenged by Alibaba’s Qwen and rising rivals

DeepSeek’s artificial intelligence models are the most commonly used products of its kind in China, but the company is quickly…

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Singaporean chip equipment maker ASMPT sees steady growth behind AI infrastructure boom

“AI tailwinds are driving strong demand across both advanced packaging [AP] and mainstream businesses, and we achieved better-than-expected bookings for…

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New Business

China’s SpinQ sees quantum computing crossing ‘usefulness’ threshold within 5 years

Quantum computing is poised to reach a tipping point in three to five years by becoming useful for solving real-world…

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New Business

How China’s open-source AI is helping DeepSeek, Alibaba take on Silicon Valley

July 9, 2024, may be remembered as a day of humiliation for China’s artificial intelligence community. On that day, US…

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