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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 start-up, a rival to ChatGPT creator OpenAI, has been marketed to a range of Silicon Valley investors
- In an interview at the Viva Technology conference in Paris, Musk said xAI’s goal is to be ‘as truth-seeking as possible’ and to be ‘the funniest AI’
HSBC arranged a three-day tailored programme in California last week for its Asian private bank clients to meet Silicon Valley start-ups and venture capitalists.
Moonshot AI is in talks with investors for additional funding that will boost its valuation by US$500 million over its previous round in February.
Alibaba Cloud has slashed the fees for using its generative artificial intelligence models by up to 97 per cent, a week after ByteDance launched a rival service that costs less than most competitors.
Cloud Light Technology CEO Dennis Tong anticipates multiple years of 50 per cent growth as AI drives up demand for faster data centre resources.
After demand for masks slumped, Innotier diversified into making products aimed at customers concerned about hygiene in the post-Covid-19 era, founder Juliana Lam says.
Mainland China will become the largest single market for Mirxes’ core product, a stomach cancer detection kit that was key to the company’s development, according to Zhou Lihan, its CEO and co-founder.
The departure ends months of speculation in Silicon Valley about the future of a top AI researcher and OpenAI co-founder since he largely disappeared from public view.
The small-business financing platform co-founded by former HKEX chief Charles Li Xiaojia said it is asking staff to invest in the start-ups it backs, confirming an online article that sparked widespread discussion on social media.
The US start-up on Monday announces a new AI model called GPT-4o, in a series of demonstrations that verged on science-fiction.
The Beijing-based start-up, dubbed one of the ‘four new AI tigers’ of China, is said to have plans to release ‘high-quality text-to-video tools’ by this year at the earliest.
The autonomous driving start-up plans to launch the L4-capable FlashBot in Shanghai this year, followed by other tier-one mainland cities. It is also seeking tie-ups in Hong Kong, Europe and North America.
The Brazilian financial technology company is banking on demand for payment digitisation in the business-to-business space in China and increased adoption of digital payments in India.
China’s internet giants have slashed jobs in recent years, affecting tens of thousands of people, many of whom have decided to become entrepreneurs themselves, with mixed results.
Eight main districts in Hangzhou including downtown Gongshu and Shangcheng, as well as Tonglu county, will be open for self-driving vehicle tests from May 1.
Total venture-capital investment in China in the first quarter fell 30 per cent quarter on quarter to US$11.5 billion amid economic uncertainty, geopolitical tensions, though China still accounted for eight of the top 10 deals.
Across 16 sectors, artificial intelligence unicorns are the highest valued, at an average of US$6.76 billion, followed by financial technology firms at US$6.57 billion.
Vidu, launched by Beijing-based start-up Shengshu Technology and Tsinghua University, can generate 1080p videos as long as 16 seconds.
Episode Six, or E6, a global provider of payment processing and digital ledger infrastructure for banks and financial institutions, plans to expand its footprint in Hong Kong this year.
‘Obvious gaps’ exist in the code-writing and operative abilities between domestic and first-class foreign models, an assessment by Tsinghua University found.
China’s ATLATL Innovation Centre and California-headquartered Founder Institute plan to bring start-ups from around the world to the city and invest in local ventures.
Baichuan, Zhipu AI, Moonshot AI and MiniMax are amassing billions of yuan of funding from domestic tech giants, venture capitalists and state-backed investors.
Banma Network Technologies, an Alibaba-backed autonomous-driving software start-up, has replaced its CEO amid an overhaul.
Gauth was the second most-downloaded education app for Apple iOS devices in the US as of Wednesday, behind language-learning platform Duolingo.
WeWork’s US$47 billion valuation plunged after the company’s 2019 IPO failed to materialise due to multiple controversies – but now co-founder and former CEO Neumann wants back in to the business
Xiaomi’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down car start-ups, with better-than-expected initial orders for the SU7 helping a rally its shares.
AI firm Bilby, says it can generate insights about what governments may intend to do – predicting regulatory changes ahead of the event.
Fund centrepiece is US$1.47 billion for ‘computing capabilities and technological infrastructure’ that can accelerate work of AI researchers and start-ups.
Despite having a wealth of innovative start-ups, Malaysia can’t seem to attract the same amounts of venture capital funding as its regional rivals. But all that could change.
OpenAI’s chief operating officer Brad Lightcap said there are 600,000 people signed up to use ChatGPT Enterprise, up from 150,000 in January.
