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AI: Companies

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AI: Companies
Explore cutting-edge AI developments in China that are transforming various industries and reshaping the future.
SoftBank CEO Masayoshi Son attends an event to pitch AI for businesses in Tokyo on February 3. Photo: Reuters
Japan

Japan announces US$6 billion support for home-grown AI development

A new company will be established by around 10 firms including SoftBank Group Corp, aiming to develop the country’s largest base AI model.

Australia

Bondi Beach attack sparks global misinformation crisis, and AI-driven hate

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Technology

Opinion | Why AI chatbots are unlikely to bring about human extinction

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Artificial intelligence

ByteDance pushes frequent updates to Doubao AI as privacy concerns persist

Strong demand for Doubao AI phone eclipses concerns its agent-like functions pose a security risk.

The first smartphone running on ByteDance’s agentic AI phone assistant sold out on the first day, leading to a temporary stock surge for suppliers. Photo: Handout
Artificial intelligence

China’s open-source AI models rival US giants, making engagement urgent: report

The report calls on US actors to engage with Chinese firms as the AI landscape continues to evolve.

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E-commerce

No ‘lowest-price’ requirement: China warns platforms on monopolistic tactics

Regulators tell platforms that demanding the ‘lowest price’ from vendors may not be permitted under new draft guidelines.

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Artificial intelligence

OpenAI in talks to raise US$10 billion from Amazon and adopt Trainium chips

The deal is under discussion could value OpenAI upwards of US$500 billion, a source said.

OpenAI was last valued at US$500 billion in an employee share sale. Photo: Reuters
MetaX

MetaX stock soars 700% in Shanghai debut as traders snap up Chinese GPU maker

MetaX closes at 829.90 yuan on Wednesday, from its IPO price of 104.66 yuan, after gaining as much as 755 per cent in intraday trading.

Artificial intelligence

China’s Qwen and DeepSeek edge out US AI models in Christian values benchmark

US start-up Gloo’s Flourishing AI Christian benchmark tested how the output of AI models ‘help people flourish’, CEO Pat Gelsinger said.

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Artificial intelligence

ByteDance dominates China’s tech hiring as AI talent demand surges

ByteDance tops rivals Meituan and Alibaba in recruitments this year, according to professional social networking platform Maimai.

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ByteDance is the leading recruiter of tech talent in mainland China this year. Photo: AFP/Getty Images/TNS
Artificial intelligence

Chinese expert calls for world models and safety standards for embodied AI

Turing Award winner Andrew Yao says embodied AI needs reasoning, planning and control in one framework.

Andrew Yao speaks at the Global Developer Pioneers Summit in Shanghai. Photo: Handout
Artificial intelligence

Why Nvidia chip is unlikely to derail ambitions of China’s Huawei, Moore Threads

China’s huge demand for AI computing power leaves room for growth for both US and domestic chips, analysts say.

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United States

China’s AI sector poised for growth despite US restrictions: venture capitalist

China’s AI sector gains confidence with DeepSeek’s emergence, but tech ecosystem needs to improve, GSR United Capital’s Zhou Qi says.

Artificial intelligence

Sea change: China narrows AI gap with US 3 years after ChatGPT shock

The turning point came when DeepSeek released its V3 and R1 models, which were on par with OpenAI’s GPT and Meta’s Llama models at the time.

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Illustration by Lau Ka-kuen
China stock market

Look beyond AI ‘titans’ for growth stocks, BofA Securities says

Investors should shift focus to AI-driven sectors with more rising stars, under-covered companies and pair-trading opportunities.

Sectors with relatively high profitability include semiconductor equipment, printed circuit boards, optical modules, and outsourced semiconductor assembly and testing, according to BofA Securities. Photo: Shutterstock
Artificial intelligence

China’s Xreal to power Google’s Android AI glasses as smart eyewear demand grows

Project Aura, which features dual-chip design and optical see-through lenses, is a fresh example of China’s expanding R&D capabilities.

Artificial intelligence

AI race: Meta reportedly uses Alibaba’s Qwen for its ‘Avocado’ model

Reported move to reinvigorate Meta’s faltering AI effort with new ‘Avocado’ model is another likely win for Chinese AI.

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Artificial intelligence

Alibaba names AI-lab leader Zhou Jingren as new group partner

He will join the 17-member Alibaba Partnership, which steers the company’s course and includes co-founders Jack Ma and Joe Tsai.

Alibaba’s Zhou Jingren speaks during a summit in Hong Kong on November 13, 2023. Photo: May Tse
Artificial intelligence

Alibaba creates new unit to push consumer use of its Qwen AI models

Significant organisational change underlines company’s determination to turn the Qwen chatbot into a ‘super app’.

China technology

Opinion | Why the Global South is embracing Chinese AI

The US champions AI as an autonomous agent, a content creator. China exports a vision of AI as a digital nervous system for the real economy.

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US-China trade war

US-China tech thaw? Trump clears Nvidia H200 exports – why it matters

It’s a ‘sliding scale’ strategy, analysts say of Trump’s U-turn – preserve American market share while dampening Beijing’s self-reliance push.

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US President Donald Trump and President Xi Jinping talk after a bilateral meeting in Busan, South Korea, on October 30. Trump said on Monday that he had reached an agreement with Xi to allow US chip giant Nvidia to export advanced artificial intelligence chips to China. Photo: Reuters
Artificial intelligence

China AI chipmaker MetaX draws more IPO investors than Moore Threads

More than 5 million investors vied for allotments in the chipmaker’s share offering, which aims to raise US$594 million.

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Founded in 2020, MetaX is viewed as one of China’s best hopes to develop chips that can rival Nvidia’s high-performance AI processors. Photo: Handout
American Samoa

L&G Asset Management sees AI equity upside despite US$3 trillion debt concerns

‘We are defensive in terms of allocating to that particular sector,’ says Ben Bennett, L&G’s head of investment strategy in Asia.

Technology

Opinion | Does AI’s rise have to mean job losses? East Asia tells a different story

Studies from Vietnam to South Korea show AI adoption has not cannibalised jobs. Instead of simple mechanisation, economies are synergising.

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Huawei

Huawei founder Ren Zhengfei sees divergence in US and China AI strategies

US focusing on supercomputing power while China is adopting a more practical approach to solve real-world problems, says Ren Zhengfei.

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Huawei Technologies’ founder Ren Zhengfei in Taiyuan in Shanxi province on February 9, 2021. Photo: Xinhua
US-China tech war

Editorial | China’s low-cost AI is showing up America’s high-cost tech model

The real China threat is in exposing America’s AI myths by showing what can be achieved at much lower costs and with greater efficiency.

Screens showing DeepSeek and OpenAI on January 29 in Toulouse, southwestern France. The American notion is that AI is capital-intensive, perhaps more so than any other US industry today. Photo: AFP
Artificial intelligence

Can China fund its AI push? Ex-Google CEO Eric Schmidt casts doubt

Capital from the government and Big Tech firms is set to make up for any lack of market-driven capital, analysts say.

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China economy

Opinion | How China engineered the rapid rise of its drug innovation industry

A market once dominated by generics is now an AI-powered pharmaceutical hub drawing billion-dollar investments from the likes of Pfizer and GSK.

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