openai

New Business

Microsoft abandons data centre projects in US and Europe, sparking oversupply fears

Microsoft has walked away from new data centre projects in the US and Europe that would have amounted to a…

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New Business

Exclusive | AI entrepreneur Lee Kai-fu bets his start-up’s future on DeepSeek and open source

DeepSeek’s launch of its latest open-source models has heralded China’s own “ChatGPT moment” by igniting a frenzy around artificial intelligence…

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New Business

Tech war: Chinese AI models led by DeepSeek catch up with US rivals at lower prices

China’s home-grown artificial intelligence (AI) models are rapidly closing their performance gap with leading US rivals while offering significantly lower…

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New Business

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

Alibaba touts AI model as better than DeepSeek, OpenAI products, driving stock surge

Following the launch of its QwQ-32B model, Alibaba’s Hong Kong-listed shares surged 7.2 per cent to HK$139.30 in Thursday morning…

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New Business

Tech war: Top scientist urges China to develop alternative to Nvidia’s CUDA software

US chip giant Nvidia holds a significant advantage with its CUDA computing platform, while OpenAI may be unwise to heavily…

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New Business

China’s Baidu to issue yuan-denominated bonds as US$600 million debt comes due

Chinese technology firm Baidu plans to issue yuan-denominated bonds in offshore markets to repay existing debt and fund general corporate…

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New Business

DeepSeek shows power of V3, R1 models with theoretical 545% profit margin

Chinese tech start-up DeepSeek concluded its daily technical project in “Open Source Week” with a bold claim: its online inference…

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New Business

Chinese stock bulls add to record buying spree in Hong Kong as DeepSeek fuels rally

Mainland Chinese funds bought more stocks in Hong Kong this year to add to their record buying spree in 2024,…

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New Business

OpenAI set to finalise first custom chip design this year to cut reliance on Nvidia

OpenAI is pushing ahead on its plan to reduce its reliance on Nvidia for its chip supply by developing its…

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