China Economic ReviewAlibaba Group Holding has unveiled a “leading open-source deep research” artificial intelligence agent that it says matches the performance of OpenAI’s flagship Deep Research tool, while being more efficient, reports the South China Morning Post. The agent has been integrated into Alibaba’s maps app, Amap, and its AI-powered legal research tool, Tongyi FaRui, according to […]
China’s youth unemployment hit an all-time high in August, underlining the mounting pressure on the world’s second-largest economy as millions of university graduates struggle to find a foothold in an increasingly tight labor market, reports Caixin. The jobless rate among people aged 16 to 24, excluding full-time students, climbed to 18.9% in August, according to […]
Huawei Technologies Co. Ltd. on Thursday unveiled an ambitious roadmap for new artificial intelligence hardware, challenging Nvidia Corp.’s dominance with a plan to launch four advanced chips by 2028 as the US firm faces mounting pressure in China, reports Caixin. At its annual All-Connect Conference, rotating chairman Xu Zhijun announced that Huawei will release the […]
Zijin Gold International, a wholly owned unit of China’s Zijin Mining, is aiming to raise HK$24.98 billion ($3.21 billion) in a Hong Kong IPO, in what will be the largest in the city this year, according to its prospectus released on Friday, reports Reuters. Zijin Gold is selling 349 million shares at an offer price […]
China is dropping an antitrust probe into Google, as Beijing and Washington step up negotiations over TikTok, Nvidia and trade at a time of heightened tensions between the superpowers, reports the Financial Times. The State Administration for Market Regulation had decided to terminate its competition investigation against Google, a status known as “zhongzhi” in Chinese, said […]