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May 18, 2025

Chinese esports giant NIP sets global targets with Abu Dhabi expansion

As Chinese esports giant NIP Group plans to establish a global headquarters in the Middle East, co-founder Hicham Chahine is considering how to capitalise on opportunities in vastly different video gaming markets. “The West is very accustomed to PCs, consoles,” Chahine said in an interview on May 14. “In China, gaming is a mobile phenomenon, led by companies like Tencent and NetEase.” For Chahine, the existence of super apps such as WeChat, owned by video gaming behemoth Tencent Holdings, means...

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May 17, 2025

Nvidia CEO sees ‘no evidence’ of AI chip diversion into China

Huang spoke after joining a US delegation to the Middle East led by President Donald Trump, lauding the opening up of trade of Nvidia’s hardware.

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May 16, 2025

Alibaba cements AI leadership as cloud unit reports fastest growth since 2022

Alibaba Group Holding’s cloud and artificial intelligence (AI) unit continued to deliver a strong performance in the fourth quarter of its financial year ended March 31, as the company pushes for the technology’s increased adoption in more traditional industries. The company’s cloud computing and AI unit reported an 18 per cent revenue increase for the March quarter, representing the unit’s fastest growth since 2022, as AI-related sales recorded triple-digit growth for the seventh consecutive...

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May 16, 2025

China’s lack of advanced chips hinders adoption of AI models: Tencent executive

Broad adoption of artificial intelligence (AI) models by enterprises in China remains hampered by the country’s limited access to advanced graphics processing units (GPUs) owing to tightened US export controls, according to a senior Tencent Holdings executive. “The most severe problem is the [limited] resources of [graphics] cards and computing resources,” said Wang Qi, vice-president at Tencent’s cloud computing unit, during a group interview with local media in Guangzhou, capital of southern...

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May 16, 2025

DeepSeek offers new details on using 2,048 Nvidia chips to train its V3 model

Chinese artificial intelligence (AI) research lab DeepSeek has released a new research paper revealing in detail for the first time how it built one of the world’s most powerful open-source AI systems at a fraction of the cost of its competitors. “Insights into DeepSeek-V3: Scaling Challenges and Reflections on Hardware for AI Architectures”, co-authored by DeepSeek founder Liang Wenfeng and released on Wednesday, attributes the start-up’s breakthrough in training high-performance,...

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May 16, 2025

Huawei’s chip unit doubled revenue last year on back of firm’s smartphone growth

Revenue for HiSilicon, Huawei Technologies’ chip design unit, doubled last year owing to the telecoms equipment giant’s comeback in the high-end smartphone market, although its long-term growth still faces challenges, according to Counterpoint Research. HiSilicon’s “strong and loyal customer base in China” helped revenue jump 100 per cent in 2024, according to a report published last week. Its market share also grew on the popularity of its Pura 70 and Mate 70 series smartphones, Counterpoint...

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May 16, 2025

US curbs on Huawei chips add uncertainty to China’s AI investment

New US guidelines on the use of Huawei Technologies’ Ascend chips have introduced fresh uncertainty into China’s investment spree in artificial intelligence (AI) infrastructure, according to analysts and industry insiders. Under new guidance issued by the US Commerce Department earlier this week, the use of Ascend chips “anywhere in the world” could be interpreted as a violation of American export controls. This puts Chinese companies investing heavily in computing infrastructure in a difficult...

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May 15, 2025

AI platform finds waning usage of DeepSeek as Kuaishou surges in video

The global popularity of DeepSeek’s breakthrough reasoning model has waned, while Kuaishou Technologies’ Kling video-generating artificial intelligence (AI) model is gaining traction, according to a report by AI app platform Poe. On Poe, a Quora-owned platform that allows users to interact with different AI models, the share of messages to DeepSeek-R1 declined to 3 per cent by the end of April, from a peak of 7 per cent in February, as other affordable reasoning models became available, Poe said...

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May 15, 2025

China deploys world’s biggest fleet of driverless mining trucks

Chinese state-backed energy giant Huaneng Group on Thursday launched the world’s largest fleet of unmanned electric mining trucks in Inner Mongolia, featuring 100 vehicles equipped with Huawei Technologies’ autonomous driving systems, as the country rapidly adopts driverless technology. Li Shuxue, chairman of Huaneng Mengdong, a subsidiary of Huaneng Group, said the trucks – named Huaneng Ruichi – represent the world’s largest single deployment of driverless electric mining trucks. The...

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May 15, 2025

Alibaba’s quarterly revenue grows 7% as ‘all-in on AI’ strategy pays off

Alibaba Group Holding’s “all-in on AI” strategy to remake its business appears to be paying off, based on the tech giant’s latest quarterly results. The Hangzhou-based company, which shocked investors earlier this year by pledging US$52 billion in capital spending on computing resources and artificial intelligence (AI) infrastructure over the next three years, posted 18 per cent growth in cloud unit revenue for its fourth quarter ended March 31, while AI-related products saw triple-digit revenue...

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