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News
UBS says China big tech to reap AI investment gains within 2-3 years
1+ week, 3+ day ago (469+ words) China's internet giants are likely to capture a larger share of artificial intelligence profits within 2 to 3 years, UBS said. It expects pricing power to shift from upstream chip and infrastructure players to downstream internet platforms as supply constraints ease. The…...
China's Z.ai first-half revenue surges 400 percent as it shifts to cloud-focused model
1+ week, 5+ day ago (609+ words) China's artificial intelligence (AI) company Z.ai increased revenue 400 percent in the first half from a year earlier, extending rapid growth. Cloud-based deployment and its API business led results. Losses narrowed slightly, but spending pressure from research and development and AI…...
Alibaba targets South America AI market with Brazil data centres launch
2+ week, 2+ day ago (186+ words) China's Alibaba Group has opened 2 data centres in Brazil, entering the South American market for the first time. Hong Kong's South China Morning Post reported on Aug. 27 local time that Alibaba will provide Brazilian companies with secure cloud infrastructure and…...
China's big three telecom firms bet on 'token factory' strategy as AI revenue grows
3+ week, 1+ day ago (388+ words) China’s three state-owned telecom operators are expanding AI token-charging businesses as a new growth pillar, the South China Morning Post reported. China Mobile, China Telecom and China Unicom highlighted tokens, the basic unit of data handled by AI models, alongside…...
SKT steps up scale-up of proprietary AI to multimodal and agents
3+ week, 3+ day ago (338+ words) SKT’s elite team passed the second-stage evaluation together with elite teams from Upstage and the LG AI Research Institute. The evaluation combined 40 points for benchmarks, 35 points for expert assessment and 25 points for user assessment. ◆From A.X K1 to K2… building technology…...
OKX blocks Claude use for Hong Kong staff after business account suspension
3+ week, 2+ day ago (348+ words) Crypto exchange OKX has stopped its Hong Kong employees from using Anthropic's Claude, blockchain media outlet U.Today reported on Aug. 20 local time. The step was introduced earlier this month after the company's business account was temporarily suspended, and it also…...
Chinese open-weight models target security as Z.ai challenges Mythos with GLM-5.3
4+ week, 1+ day ago (383+ words) Chinese AI companies are accelerating efforts to expand their influence in the cybersecurity market by promoting open-weight models. Chinese AI startup Z.ai said on Aug. 15 it unveiled GLM-5.3, an AI model specialised for cybersecurity. The company said GLM-5.3 significantly improved…...