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China’s AI race heats up as Shanghai launches massive subsidy scheme

Shanghai has unveiled an ambitious 1 billion yuan (US$139 million) subsidy programme for the artificial intelligence industry, as the metropolis…

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New Business

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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New Business

Exclusive | Yuen Yuen Ang on how China can turn ‘polycrisis’ into ‘polytunity’

Yuen Yuen Ang is the Alfred Chandler Chair Professor of political economy at Johns Hopkins University. She is an influential…

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China’s quant hedge funds stock up on talent – at US expense – to fuel expansion, AI use

Yuan Yu, founder of Shanghai-based quantitative hedge fund Mingshi, recognised an opportunity when several intern prospects studying in the US…

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Shanghai conference sets stage for US-China face-off in heated race for AI supremacy

Shanghai will host its eighth annual flagship artificial intelligence (AI) conference this weekend as China ramps up competition against the…

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Tencent’s new AI-powered programming tool fully automates application development

Tencent Holdings this week commenced beta testing on CodeBuddy IDE, a smart programming tool for software developers that provides artificial…

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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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Moonshot’s Kimi K2 soars in popularity amid experts’ praise for Chinese AI developments

The launch of the Kimi K2 artificial intelligence model by Alibaba Group Holding-backed Moonshot AI has drawn rapid uptake amid…

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Chinese open-source AI models occupy top spots among global developers: ranking

China is home to the world’s top artificial intelligence (AI) models that are open-sourced, according to an American benchmarking platform…

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New Business

China’s Guangxi province launches ‘AI super league’ to nurture Asean-facing start-ups

The competition, titled “AI for All”, will run through September and features 17 tracks, including automobile, tourism, cross-border e-commerce, smart…

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