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China creates state-owned firm in Xiongan to develop nation’s AI data resources
China has set up a new state-owned enterprise dedicated to managing the country’s massive data resources, a significant move designed to turbocharge the nation’s artificial intelligence industry and bolster its digital economy. The National Data Group Co – based in China’s “city of the future”, Xiongan New Area in northern Hebei province – is tasked with “developing and utilising data resources, unlocking the value of data elements, serving AI development and fostering a data industry...
Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos
Alibaba Group Holding’s research arm, Damo Academy, has seen more than 6 billion chips shipped based on its XuanTie RISC-V architecture, marking a milestone as the tech giant doubles down on the open standard in artificial intelligence and automotive systems. Meng Jianyi, chief scientist at Damo Academy, announced the figure on Monday at the annual RISC-V Summit China in Shenzhen. The achievement comes as Chinese companies seek to play a greater role in the global RISC-V ecosystem, an...
Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos
Alibaba Group Holding’s research arm, Damo Academy, has seen more than 6 billion chips shipped based on its XuanTie RISC-V architecture, marking a milestone as the tech giant doubles down on the open standard in artificial intelligence and automotive systems. Meng Jianyi, chief scientist at Damo Academy, announced the figure on Monday at the annual RISC-V Summit China in Shenzhen. The achievement comes as Chinese companies seek to play a greater role in the global RISC-V ecosystem, an...
CXMT shares fall 7.8% despite blockbuster earnings figures
Chinese memory chip giant ChangXin Memory Technologies (CXMT) saw its shares fall more than 8 per cent in early Monday trading, despite forecasts of strong profits and plans for a share buy-back amid a global sector-wide market rout. CXMT shares dropped 7.8 per cent on Monday to close at 41.52 yuan. The company’s stock surged to a peak of 61.8 yuan in August – up as much as 614 per cent from its initial public offering price of 8.66 yuan in July – before paring back gains. The market reaction...
CXMT shares fall 7.8% despite blockbuster earnings figures
Chinese memory chip giant ChangXin Memory Technologies (CXMT) saw its shares fall more than 8 per cent in early Monday trading, despite forecasts of strong profits and plans for a share buy-back amid a global sector-wide market rout. CXMT shares dropped 7.8 per cent on Monday to close at 41.52 yuan. The company’s stock surged to a peak of 61.8 yuan in August – up as much as 614 per cent from its initial public offering price of 8.66 yuan in July – before paring back gains. The market reaction...
Science News
Alibaba Group Holding’s two major domestic online marketplaces, Taobao and Tmall, plan to greatly expand the use of artificial intelligence across merchants’ operations next year, a senior executive said, as the e-commerce giant doubles down on the technology to drive growth amid a challenging consumer landscape. “Starting next year, AI will comprehensively enter the internal enterprise workflows of merchants,” Liu Bo, president of Tmall, said at the company’s Singles’ Day media briefing on...
Dutch semiconductor equipment giant ASML is expanding into next-generation hybrid bonding, a technique that creates dense electrical connections by directly joining chips or silicon wafers, according to a new report. Major Chinese companies are also adopting the technology to improve chip performance. ASML submitted 27 patent families related to hybrid bonding tools between December 2022 and November 2024, according to a report published by semiconductor and AI supply chain research firm...
Techonology News
ASML eyes hybrid bonding, report finds, as Chinese firms adopt chip packaging technique
Dutch semiconductor equipment giant ASML is expanding into next-generation hybrid bonding, a technique that creates dense electrical connections by directly joining chips or silicon wafers, according to a new report. Major Chinese companies are also adopting the technology to improve chip performance. ASML submitted 27 patent families related to hybrid bonding tools between December 2022 and November 2024, according to a report published by semiconductor and AI supply chain research firm...
Alibaba sets sights on record-breaking Singles’ Day with 1 million brands joining festival
Alibaba Group Holding is gearing up for its annual Singles’ Day shopping festival on major online marketplaces Taobao and Tmall, with the company expecting a record one million global brands to take part this year. Pre-sales for the event open on Thursday, followed by the formal sale next Tuesday. The company projects more than 70 million products to feature, also a record for the festival. Created by Alibaba in 2009, Singles’ Day has grown into the world’s largest online shopping festival. Also...
Alibaba sets sights on record-breaking Singles’ Day with 1 million brands joining festival
Alibaba Group Holding is gearing up for its annual Singles’ Day shopping festival on major online marketplaces Taobao and Tmall, with the company expecting a record one million global brands to take part this year. Pre-sales for the event open on Thursday, followed by the formal sale next Tuesday. The company projects more than 70 million products to feature, also a record for the festival. Created by Alibaba in 2009, Singles’ Day has grown into the world’s largest online shopping festival. Also...
DeepSeek offers user refunds after suffering another major outage
Chinese artificial intelligence firm DeepSeek apologised and promised compensation to users after its services suffered a nearly five-hour outage on Thursday. DeepSeek will issue users a full refund for any consumption between October 8 and October 14 in the form of credits, according to a notice posted on the Hangzhou-based start-up’s application programming interface (API) platform. DeepSeek’s namesake chatbot and API services for its V4 Pro and V4.1 Flash models went offline on Thursday...
DeepSeek offers user refunds after suffering another major outage
Chinese artificial intelligence firm DeepSeek apologised and promised compensation to users after its services suffered a nearly five-hour outage on Thursday. DeepSeek will issue users a full refund for any consumption between October 8 and October 14 in the form of credits, according to a notice posted on the Hangzhou-based start-up’s application programming interface (API) platform. DeepSeek’s namesake chatbot and API services for its V4 Pro and V4.1 Flash models went offline on Thursday...
IT News
Chinese artificial intelligence lab Z.ai’s latest flagship model, GLM-5.3, may be sophisticated enough to “fake” its way through safety tests, according to a new report published Thursday, sparking new fears about the ability of artificial intelligence systems to shape their own development. The model, launched in August, showed an ability to consider how its behaviour during safety evaluations might influence how future versions of itself would be trained, according to AI safety organisation...
Taiwan Semiconductor Manufacturing Co (TSMC) is in discussions regarding a potential role in Elon Musk’s proposed Terafab project in Texas, according to company chairman and CEO C.C. Wei, although he stressed that TSMC would retain operational control of any partner factory. The plant “has got to be run by TSMC”, Wei said during the third-quarter earnings call on Thursday. TSMC, the world’s largest contract chipmaker, has sent teams to Texas to assess expansion opportunities beyond its US hub in...