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Kimi creator Moonshot draws global funds seeking ‘top-tier’ Chinese AI developers: sources
China’s Moonshot AI has attracted global investor interest spanning Europe, Asia and the Middle East, people familiar with the matter say, as international capital scrambles for access to Chinese frontier artificial intelligence labs, betting on their high-stakes race against US rivals. The Beijing-based developer of the Kimi family of AI models has seen mounting interest from overseas players ranging from European investment firms to Middle East family offices, with some seeking indirect...
China is beating the US in consumer AI adoption, thanks to super apps: Morgan Stanley
China is surging ahead of the US in consumer AI adoption as technology giants like Tencent Holdings and Alibaba Group Holding embed artificial intelligence directly into popular everyday apps, even as American models lead in capability, according to Morgan Stanley. A survey conducted by the bank and published in a report on Monday showed that 80 per cent of Chinese respondents used AI for personal purposes at least weekly, compared with 54 per cent in the US. China’s generative AI user base grew...
Forget AI KPIs: how China’s tech giants are rationing tokens for employees
When generative artificial intelligence first swept through China’s technology sector, workers faced a clear directive from management: use AI and use it often. Consuming vast numbers of AI tokens – the basic unit of computing power needed to process text or write code – became a badge of honour, with companies often viewing a high token count as a sign that employees were productive and taking initiative. But those computing allowances are now being sharply rolled back as China’s leading...
Cloudy with a chance of Big Macs: McDonald’s and Meituan launch drone route in Shanghai
Shanghai’s bustling riverfront has become the latest testing ground for urban logistics technology, with McDonald’s and Chinese food-delivery giant Meituan joining forces to launch the country’s first catering brand-exclusive drone-delivery route. Commencing operations last week, the new service allows visitors strolling or exercising along the scenic West Bund area in Shanghai’s Xuhui district to have their fast-food orders ‘airdropped’ directly to designated kiosks, according to a recent...
Trump downplays need to check AI development, says he is unwilling to cede edge to China
US President Donald Trump on Sunday played down the need for his administration to check the development of artificial intelligence, saying he worried about ceding America’s edge over China in a global competition and that winning would help address the risks from the advancing technology. While acknowledging the need for some regulation, Trump provided no specifics about potential rules and attributed warnings about the technology moving too quickly and with little oversight to “negative...
Science News
DeepSeek has released its V4.1 Flash model, claiming it outperforms its previous flagship while cutting inference costs and boosting speeds – the latest salvo in China’s aggressive price-and-performance war. The Chinese artificial intelligence developer said on Thursday that V4.1 Flash used a new “Causal-Encoder-Decoder” architecture. While built on a massive 552 billion-parameter framework, it relies on a Mixture-of-Experts (MoE) design. In traditional AI, every query runs through the entire...
Apple’s long-awaited entry into the foldable smartphone market, the iPhone Duo, has drawn immediate attention in China over its eye-watering price tag and exclusive dual-eSIM design, as the American tech giant targets entrenched domestic rivals Huawei Technologies and Xiaomi. Unveiled on Wednesday, the iPhone Duo – Apple’s thinnest and most expensive flagship model yet – captured the attention of Chinese consumers with its smooth transition between inner and outer displays. By Thursday morning,...
Techonology News
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After Apple’s launch of its foldable iPhone, what are the caveats for Chinese buyers?
Apple unveiled the iPhone Duo, its first-ever foldable smartphone, at its annual product launch event on Wednesday in Cupertino, California, following months of mounting anticipation. Presented by CEO John Ternus, the sleek, passport-style device stole the spotlight at the Apple Park event. Ternus, who took over from Tim Cook on September 1, said the handset would “redefine the experience of using a foldable phone”. Starting at US$1,999 – or HK$17,499 (US$2,231) if bought in Hong Kong – Apple’s...
Alibaba sends AI ‘digital employees’ to work in rival apps from ByteDance, Tencent
Alibaba Group Holding is giving users the ability to put artificial intelligence-powered “digital employees” to work within rival office platforms, opening a new competitive front against ByteDance and Tencent Holdings in enterprise AI. The latest version of the QoderWake tool, launched by Alibaba Cloud on Tuesday, allowed users to generate fully functioning workers using a single-line description of the required role, the company said. These digital workers could then be put to work within any...
US firm used AI to hijack WeChat account, spurring call for cyber cooperation with China
US cybersecurity researchers have demonstrated how artificial intelligence could help hijack WeChat accounts via unanswered voice calls, intensifying concerns about AI-driven cyber threats and prompting renewed calls for bilateral cooperation between the United States and China. US security firm Calif said on Tuesday that its AI system identified a critical flaw in Tencent Holdings’ widely used messaging and payments app in July. In just a little over a week, researchers developed WeWorm – an...
Amid China’s AI shift, JD.com bets on 3 million robots to automate logistics
Chinese e-commerce giant JD.com is accelerating its push into robotics with a sweeping plan to automate its nationwide logistics network, while promising to retrain its vast workforce of couriers for technical roles as machines take over frontline duties. At an event in Beijing on Wednesday, the company’s logistics arm unveiled its industrial Wolf Robot series. Over the next five years, JD Logistics aimed to procure 3 million robots, 1 million unstaffed vehicles and 100,000 delivery drones to...
Chinese AI firms Z.ai and MiniMax could remain loss-making until 2030, Macquarie says
Chinese artificial intelligence companies Z.ai and MiniMax could remain loss-making through 2030 even as their revenues surge, underscoring the enormous cost of competing at the technological frontier, according to Macquarie Group’s head of Asia internet and software research Ellie Jiang. One reason cited was the expense required for the computing power to train and run frontier AI models. Jiang told the South China Morning Post on Tuesday that China’s compute crunch was two to three times more...
IT News
Huawei Technologies’ latest flagship mobile processor is serving as a high-stakes test of whether the company can bypass US technology sanctions by layering circuits on top of each other to boost performance, according to analysts. The Shenzhen-based firm on Monday launched the Kirin 9050 Pro, the first commercial chip employing its LogicFolding architecture. The new strategy aims to squeeze greater computing power out of semiconductor designs without relying solely on the circuit-shrinking...
Tencent Holdings’ pivot from a core shareholder to a major creditor in Bilibili offers a clear window into how China’s Big Tech players are rebalancing portfolio risk while funding expensive artificial intelligence initiatives. The shift, executed through Bilibili’s proposed US$700 million convertible bond package announced on Friday, allows Tencent to lock in capital flexibility without severing ties with one of China’s largest online video platforms, according to analysts. Here is a look at...