In 2023, the region’s data centre deals hit a record high of US$3.45 billion, according to LSEG. That tally is set to be surpassed this year, with at least a couple of large transactions in the pipeline. Data centres are secure, temperature-controlled facilities that house large-capacity servers and data-storage systems, with multiple power sources and … Read more
Swedish telecommunications equipment maker Ericsson’s plans in China will involve cutting about 240 positions at its core network research and development (R&D) facility on the mainland, a company representative said in an email. Ericsson, which last month announced it was axing about 1,200 jobs in its home market, is now “diversifying [its] R&D footprint in … Read more
Taiwan Semiconductor Manufacturing Co’s quarterly revenue grew at its fastest pace in more than a year, shoring up expectations that a global boom in artificial intelligence (AI) development is fuelling demand for high-end chips and servers. The main chip maker to Nvidia and Apple reported a better-than-expected 16 per cent rise in March-quarter sales to … Read more
Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters. For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from … Read more
The start-up in October launched smart chatbot Kimi Chat, built on its self-developed Moonshot large language model (LLM), which can process as many as 200,000 Chinese characters in a context window – referring to the swathe of text that an AI model can process during conversation with users. A screenshot of smart chatbot Kimi Chat. … Read more
Nations including India, Japan, France and Canada are talking about the importance of investing in “sovereign AI capabilities”, Huang said in an interview on Thursday with Bloomberg Television. “Their natural resource – data – should be refined and produced for their country. The recognition of sovereign AI capabilities is global”. At the time of the … Read more
“With advances in AI, we are ushering in the next generation of sourcing and empowering small businesses to succeed with our Smart Assistant at their side,” Chris Lu, general manager at Alibaba.com North America, said in a statement last week. The Alibaba.com booth features the e-commerce platform’s artificial intelligence-powered Smart Assistant, designed to help users … Read more
Microsoft Corp-backed OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above US$100 billion, people with knowledge of the matter said, a deal that would cement the creator of ChatGPT as one of the world’s most valuable start-ups. Investors potentially involved in the fundraising round have been … Read more
