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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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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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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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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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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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How AI start-up DeepSeek upended industry assumptions and changed China’s narrative

In 2022, under the pseudonym “an ordinary little pig”, the founder of artificial intelligence (AI) start-up DeepSeek quietly donated 138…

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DeepSeek warns of fake social media accounts as AI app’s popularity soars

DeepSeek is fighting a surge in fake social media accounts and websites pretending to be linked to the Chinese artificial…

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DeepSeek halts account top-ups as AI models rival ChatGPT’s popularity

DeepSeek has temporarily stopped developers from topping up their accounts to access the Chinese start-up’s artificial intelligence (AI) models, a…

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