BRIEF: Alibaba to develop AI-powered iPhone with Apple for China
Alibaba Group Holding Ltd. (BABA.US; 9988.HK) and Apple Inc. (AAPL.US) have reportedly agreed to jointly develop and produce an iPhone equipped with artificial intelligence (AI) capabilities for the Chinese market,…
TSMC profits from AI development, no matter which way political winds blow
Despite being continually caught in tensions between the U.S. and China, the Taiwanese chipmaker’s latest results demonstrate its prowess as an AI powerhouse Key Takeaways: TSMC reported revenue of $26.88…
GDS moves closer to breakup with REIT spinoff plan
The company could break itself into three pieces next year, one a China-based REIT, one for its China-based data center business, and one for its global data center business Key…
BRIEF: Zhipu raises 3 billion yuan in new funding
AI large model unicorn Zhipu AI announced the completion of a new 3 billion yuan ($412 million) funding round, including participation by multiple strategic investors and state-backed entities. The funds…
Data advantage to speed up China’s AI development
The country’s huge data resources offer great opportunities to boost AI applications By Lee Shih Ta As strategic competition between China and the U.S. heats up, the U.S. is expected…
Its bitcoin bet behind it, can Meitu find sustained profits in its beauty business?
The beauty software maker has sold all its cryptocurrency holdings and plans to use the profits for business development and a special dividend Key Takeaways: Meitu has sold off the…
Lenovo’s AI seeds begin bearing fruit, as geopolitics continue to weigh
The leading PC maker’s profit jumped 41% in the first half of its fiscal year as its diversified artificial intelligence gambit starts paying off Key Takeaways: Global PC leader Lenovo’s…