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Articles about early-stage companies; pre-IPO, including those still being funded by angel investors, private equity or venture capitalists.
As city continues to benefit from an increasingly close relationship between China and the Middle East, start-ups need to seize opportunities.
The likely impact of the US lender’s collapse is that China’s tech elite will look to banks in Hong Kong, Singapore and even Europe.
Business prospects are hurting as more firms see Hong Kong as becoming less competitive relative to other places in the region.
The capital infusion could be a harbinger for Huawei’s increased pace of new investments this year, as the Chinese tech giant’s sales rose in 2023.
‘It would be in the financial interest of ByteDance’s investors to effectuate a forced sale,’ said congressman Mike Gallagher.
A presentation made to Chinese Premier Li Qiang pointed out major hurdles faced by the nation’s artificial-intelligence development initiatives.
Fosun Pharma will team up with Shenzhen’s government to raise a 5-billion yuan (US$700 million) healthcare fund to invest in start-ups and innovations in cellular biology, genetics and other fields related to biomedicine.
Economic growth and ‘de-risking’ from China are driving investors to Southeast Asia, but just four companies accounted for nearly half of exit values since 2015.
AIsphere, which has raised more than US$14 million in a round led by venture firm Fortune Capital, launched a beta version of its PixVerse video generator for domestic users on Monday.
In its first legal response to Musk’s lawsuit, OpenAI said the tech billionaire’s allegations against it are ‘contrived’ and based on ‘the terms of his fictitious contract’ with the start-up.
Funding woes, work-life balance and prejudice remain hurdles for women entrepreneurs, who say having supportive business partners and spouses can be half the battle won.
Start-ups and investors say attending Leap tech conference is about building relationships for a market seen as ‘like China in the late 90s’.
GSR Ventures’ Allen Zhu sees the current investor interest generated by artificial intelligence start-ups that are building large language models as based on a ‘fear of missing out’.
The firm has offered to purchase shares from staff at US$170.81 each, up nearly 7 per cent from late last year.
Malaysia has announced a goal to create five domestic US$1 billion ‘unicorns’ by 2025 as part of its plan to become a global start-up hub.
OpenAI’s response hits at the heart of a lawsuit filed by Musk, who accused the start-up of breaching their founding agreement to develop AI for the benefit of humanity.
The MiniMax deal would mark Alibaba’s second major artificial intelligence start-up investment this year after leading Moonshot AI’s US$1 billion funding round in February.
HKSTP and Cyberport signed memorandums of understanding to share knowledge and explore collaboration opportunities in Saudi Arabia at the Leap conference.
Anthropic, one of OpenAI’s top competitors, introduces three new AI models that it says are twice as likely to offer correct answers to questions and less likely to make things up.
Musk’s lawsuit claims ChatGPT-maker OpenAI and its chief executive Sam Altman, among others, abandoned the company’s original mission to develop artificial intelligence for the benefit of humanity not profit.
ByteDance founder Zhang Yiming and other key voices at the company view AI as a battle that it cannot afford to lose, one source says.
Employers in China are scrambling for workers with skills in generative artificial intelligence, as the nation loses some of its top talent to the US.
The praise heaped on developers Jing Li and Ricky Wang Yu reflects mainland China’s excitement over how Sora further advances artificial intelligence applications.
The introduction of Sora has forced China’s AI industry to again grapple with how it will catch up to the latest tech in the face of escalating US sanctions.
Artificial intelligence will become an important part of Reddit’s business, the San Francisco-based social media company says.
Acoustic Metamaterials Group, a smart materials and acoustics firm, aims to expand the use of recycled plastic in construction to lower the industry’s carbon footprint and reduce noise pollution.
Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, has raised 100 million yuan (US$13.9 million) in a new round of financing buoyed by Chinese drivers’ growing appetite for intelligent vehicles.
GGSN, which is partly owned by New World Group, is in talks to set up research, product development and marketing facilities in Hong Kong, where it hopes to demonstrate its autonomous charging devices in the car parks of offices and malls.
Beijing-based Moonshot AI, known in Chinese as Yuezhi Anmian, was valued at about US$2.5 billion in its latest funding round.
Analysts expect more headwinds in the ‘underpenetrated, high opportunity market’ that is India’s tech sector, amid alarm balls from struggles of major market participants like Paytm and Byju’s.
Business leaders say Sora could propel the industry forward but expressed concern that US sanctions could prevent China from keeping up.