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The Democratic Party’s sweeping midterm election victory and takeover of both houses of Congress could slow down the pace of artificial intelligence development in the US, with implications for both the global AI trade and the technology rivalry between Washington and Beijing, analysts said. The assessment comes as concerns about AI and the data centres that power it proved to be a contributing factor in the backlash against the Republican Party and US President Donald Trump, a vocal supporter...
DeepSeek is committed to open-source artificial intelligence to accelerate the arrival of artificial general intelligence (AGI), even if it heightens safety risks, a company engineer says, defying growing safety concerns from the US and scrutiny in China over whether the strategy poses national security risks. Speaking on Tuesday on an AI panel at the World Internet Conference (WIC) in Wuzhen, DeepSeek engineer Gao Xi said open-source development promoted shared innovations and technical...
Shanghai-listed Wingtech Technology has rejected a restructuring proposal under which it would lose control of Dutch chipmaker Nexperia’s assets outside China, condemning the plan as an “expropriation” driven by discrimination. The stand-off deepens a year-long dispute between Wingtech and Dutch authorities, as the company faces an impending delisting deadline at home, while Dutch Prime Minister Rob Jetten prepares for an official visit to Beijing in the spring. In a statement on Tuesday,...
Chinese tech giant Tencent Holdings has rolled out its latest flagship artificial intelligence model, Hy4, seeking to challenge top open-weight rivals with enhanced agentic capabilities built to power its enterprise software ecosystem. Released on Wednesday, the large language model (LLM) introduced visual understanding for the first time. Hy4 could process images, analyse complex charts and conduct visual mathematical reasoning, according to the Shenzhen-based company. Tencent said the release...
For autonomous vehicles, the hardest lessons to learn are the ones that can test the skills of even the most experienced human drivers: an errant cyclist darting through a red light, or an animal bolting into oncoming traffic from behind a corner. The Chinese tech giant Baidu has developed a new AI-driven simulator to prepare its Apollo robotaxis for just such rare but high-stakes road hazards, as the firm looks to gain an edge in the fast-growing self-driving taxi market. The system, Apollo...
The Government today welcomed the passage of the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework & Amended Common Reporting Standard) Bill 2026 by the Legislative Council. The bill aims to implement, in Hong Kong, the Crypto-Asset Reporting Framework (CARF) and the latest amendments to the Common Reporting Standard (CRS) developed by the Organisation for Economic Co-operation & Development (OECD). In light of the rapid development of digital asset markets in recent years, the OECD published CARF in 2023 to provide for …
US artificial intelligence giant Anthropic’s initial public offering prospectus has exposed a vast profitability gap between it and rivals Z.ai and MiniMax, highlighting the challenges facing China’s AI model developers in turning technological advances into sustainable businesses. The Claude developer’s filing with the US Securities and Exchange Commission (SEC) last week revealed a significant financial advantage over its most direct Chinese counterparts, despite the latter’s continued...
Open source is the only viable path to creating a sustainable artificial intelligence industry, Alibaba Group Holding chairman Joe Tsai said on Tuesday, as the Chinese technology giant doubles down on its open-source AI strategy. Speaking at the opening ceremony of the annual World Internet Conference Wuzhen Summit in eastern China’s Zhejiang province, Tsai pointed to a growing convergence around open ecosystems among domestic tech companies, as surging AI demand rubs up against persistent...