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New Business

DeepSeek breakthrough raises investor concerns over the need for massive AI spending

A little-known Chinese start-up, whose affordable technology matches the likes of the most formidable American tech titans such as OpenAI…

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New Business

Hong Kong stocks gain on valuation focus as DeepSeek sparks US tech rout

Hong Kong stocks rose, bucking losses in regional markets, on speculation global funds will switch from expensive US tech companies…

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New Business

Meta to spend up to $65 billion in 2025 for AI expansion

Listen to article Meta Platforms is preparing to invest between $60 billion and $65 billion this year to expand its artificial intelligence…

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New Business

Meta Platforms to spend US$65 billion on AI infrastructure in 2025: Mark Zuckerberg

The company intends to use the funds to build a data centre “so large that it would cover a significant…

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New Business

China’s ByteDance in race with US rivals to drive artificial general intelligence

Operating under the Beijing-based firm’s Doubao AI model team, Seed Edge will focus on “exploring innovative paths” to artificial general…

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New Business

China’s most popular AI app gets facelift with ByteDance’s Doubao 1.5

TikTok parent ByteDance has launched an updated version of Doubao, China’s most popular consumer-facing artificial intelligence (AI) app, as the…

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New Business

Beijing meeting puts spotlight on China’s new face of AI, DeepSeek founder Liang Wenfeng

Liang Wenfeng, 40, took part in the meeting where a select group of industry experts – in the fields of…

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New Business

CES 2025: Chinese firms show leading AI-powered robots, EVs, smart glasses

Chinese companies made their presence felt at the tech industry’s annual flagship event CES 2025, in terms of the number…

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New Business

Chinese start-up 01.AI founder Lee Kai-fu denies rumours of asset sale to Alibaba Cloud

In a WeChat post on Tuesday, the start-up denounced as “vicious slander” recent talk that it was looking to sell…

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New Business

Alibaba ties up with Lee Kai-fu’s unicorn as China’s AI sector consolidates

Alibaba Group Holding’s cloud computing business is collaborating with Chinese start-up 01.AI to develop artificial intelligence (AI) models, a sign…

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