Naphjas Inc. |

01 Feb Ant Group inks strategic partnership with Shanghai to help the city’s AI ambitions

Posted at 11:00h in Asia

Ant Group and the Shanghai municipal government have struck a partnership that would see the two parties deepen their collaboration in fields such as blockchain and artificial intelligence (AI).Under the partnership, Ant Group, the Alibaba Group Holding fintech affiliate, will “actively participate in building [an]...

31 Jan China’s top fabless chip firms estimate big 2023 losses despite push for greater self-sufficiency in semiconductors

Posted at 13:30h in Asia

China’s leading chip companies, from Loongson Technology to Cambricon Technologies, expect to log huge losses for 2023 in spite of Beijing’s push for greater self-sufficiency in semiconductors, according to corporate filings.Loongson Technology, a fabless chip firm that is a firm advocate for domestic semiconductor development,...

24 Jan Hong Kong finance sector on pace in AI deployment, with data availability, security and skills gap among concerns: survey

Posted at 10:00h in Asia

Data availability and cybersecurity represent major challenges to the use of artificial intelligence (AI) in financial services, according to more than 60 per cent of Hong Kong financial professionals in a joint survey by PwC and the Hong Kong Trade Development Council.Hong Kong’s current pace...

23 Jan Nvidia CEO’s low-key China visit seen as a goodwill gesture towards key market as US chip firm grapples with sanction issues

Posted at 23:00h in Asia

Nvidia Corp CEO Jensen Huang’s first trip to mainland China in four years has been a goodwill gesture to the chip designer’s staff and clients in the country, which remains a key market despite tough US restrictions, analysts say.While Nvidia did not release details of...

21 Jan Goldman Sachs doubles loan facility to Hong Kong fintech start-up FundPark to US$500 million

Posted at 22:30h in Asia

FundPark, a Hong Kong-based fintech start-up that provides trade finance for small and medium enterprises (SMEs), has secured US$500 million from Goldman Sachs, the second funding facility from the US investment bank in two years.Goldman recently doubled the asset-backed securitisation facility to up to US$500...

17 Jan Opinion | Should we let AI take over mundane work? Not so fast

Posted at 08:30h in Asia

However, generative AI has its limitations. Because the content it produces is generated from a complex large-language model instead of logically developed and based on facts, AI sometimes “hallucinates”, that is, produces incorrect or misleading results, due to insufficient training data, bias and incorrect assumptions....

14 Jan Stanford students win hearts in China with US$32,000 household robot that can cook shrimp and wash pans

Posted at 06:00h in Asia

A US$32,000 robot developed by a team at Stanford University has caught the attention of Chinese online users, after a video showing the two-handed robot cooking a three-course meal went viral.Mobile Aloha, built by two computer-science PhD candidates from China, is a two-handed system that...

13 Jan China’s video gaming market ended 2023 battered and bruised, but can world-beating titles and innovation save the day?

Posted at 04:00h in Asia

The total number of video game players in China has been peaking.By the end of 2023 there were 668 million gamers in China, a tiny increase from the 666 million at the end of 2022. They jointly spent 303 billion yuan (US$42 billion) on games,...

10 Jan Chinese AI firm iFlyTek’s healthcare unit plans Hong Kong IPO, sparking hopes that spin-offs fuel a turnaround in slumping listings market

Posted at 09:06h in Asia

Chinese artificial intelligence (AI) company iFlyTek said it plans to spin off its healthcare services subsidiary, iFlyHealth, with a listing in Hong Kong. Shenzhen-listed iFlyTek said the initial size of an iFlyHealth listing will not be more than 20.0899 million shares, with an overallotment option...

10 Jan Hong Kong seen among five busiest IPO venues in 2024 with proceeds doubling to US$12.8 billion, KPMG forecasts

Posted at 01:00h in Asia

New stock offerings in Hong Kong are expected to generate more than double the amount of funds for companies this year, making the city’s stock exchange one of the five busiest venues globally, according to KPMG.The firm expects 90 initial public offerings (IPOs) to...

AI Tag