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Chinese auto chip designer Black Sesame to raise up to US$143 million in Hong Kong IPO

Based in Wuhan, capital of central Hubei province, Black Sesame plans to float 37 million shares at a price range…

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Tech

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet

The results did not rock the broader chip industry. The symbol for Intel appears on a screen at the Nasdaq…

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Tech

Tech war: China narrows AI gap with US despite chip restrictions

China is narrowing the artificial intelligence (AI) gap with the US through rapid progress in deploying applications and state-backed adoption…

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Tech

Online brokerage Futu offers crypto trading in Hong Kong, with Nvidia, Alibaba stock as reward

Futu Securities International, Hong Kong’s largest online broker, has launched retail cryptocurrency trading in the city, offering shares of Alibaba…

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Tech

Apple opts for Google chips in AI infrastructure, sidestepping Nvidia

In a report published on Monday, it was disclosed that Apple sidestepped industry leader Nvidia in favour of chips designed…

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Tech

Samsung profit surges most in years after chip arm recovery

Samsung Electronics reported its fastest pace of net income growth since 2010 after the artificial intelligence boom lifted earnings at…

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Tech

Every business will ‘have an AI’

In a fireside chat at SIGGRAPH 2024, NVIDIA founder and CEO Jensen Huang and Meta founder and CEO Mark Zuckerberg…

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New Business

Tech war: China eyes supercomputers for building LLMs amid US sanctions on advanced chips

Leveraging supercomputing technology that China has developed over the past decade could help break the stranglehold of US-led restrictions on…

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Tech

Amazon strives to outpace Nvidia with cheaper, faster AI chips

Amazon’s chip lab is churning out a constant stream of innovation in Austin, Texas. A new server design was put…

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Tech

Nvidia, Arm CEOs confident of regulatory approval for US$40 billion deal despite potential Chinese concerns

Segars said regulators would see the deal as positive because it would be “enabling more people to do more things”.…

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