Baidu posts flat second-quarter revenue as sluggish economy slowed advertising spending

Baidu posts flat second-quarter revenue as sluggish economy slowed advertising spending

Baidu’s Hong Kong-listed shares closed up 1.71 per cent to HK$86.45 on Thursday. A robotaxi, developed as part of Baidu’s Apollo Go autonomous driving project, seen on the road in Wuhan, capital of central Hubei province. Photo: AFP Although overall revenue edged down, Baidu said in a statement on Thursday that its non-marketing operations grew … Read more

Huawei’s cloud services unit sees Asia-Pacific as a vast market for AI products

Huawei’s cloud services unit sees Asia-Pacific as a vast market for AI products

Huawei is already working with weather forecasters in Thailand to adopt Pangu LLM, while also collaborating with various industries such as finance to improve efficiency and reduce costs, according to Shi. 04:12 How Huawei’s use of 5G and AI is transforming China’s coal mining industry How Huawei’s use of 5G and AI is transforming China’s … Read more

Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

Tencent profit jumps 82%, beating estimates after strong video gaming, ad growth

“Looking forward, we continue to invest in our platforms and technologies including AI, enabling us to create new business value and better serve user needs.” The Tencent Games booth seen at the annual China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai on July 26, 2024. Photo: AFP Video gaming sales, traditionally … Read more

Xiaomi to adopt Google’s Gemini AI model on next flagship smartphone for overseas markets

Xiaomi to adopt Google’s Gemini AI model on next flagship smartphone for overseas markets

“Thrilled to collaborate with Google on upcoming Xiaomi flagship devices for international markets,” Xiaomi founder, chairman and chief executive Lei Jun wrote in a post on X, following an announcement at the two-day Google I/O Connect China event in Beijing that concluded on Thursday. “Leveraging Google Cloud and Gemini, we’re set to offer smarter, more … Read more

China’s foldable smartphone market heats up with Samsung-ByteDance AI pact, Xiaomi launch

China’s foldable smartphone market heats up with Samsung-ByteDance AI pact, Xiaomi launch

Beijing-based Xiaomi – the world’s third-largest smartphone vendor in the June quarter, according to research firm IDC – is expected to unveil the Mix Flip, its first-ever clamshell-type model, and the Mix Fold 4, with a slim booklet design that opens horizontally into tablet form, according to teasers released by the company. These initiatives reflect … Read more

Huawei enters new partnership to drive increased AI adoption in China’s heavy industries

Huawei enters new partnership to drive increased AI adoption in China’s heavy industries

Huawei Technologies has entered into a partnership with Sichuan Zigong Conveying Machine Group Co (ZGCMC) to expand the adoption of artificial intelligence (AI) in heavy industries such as mining, bulk material transport and equipment manufacturing. The three-year pact between the two firms will involve the “deep integration” of large language models – the technology underpinning … Read more

China kicks off largest AI conference in Shanghai as tech rivalry with the US heats up

China kicks off largest AI conference in Shanghai as tech rivalry with the US heats up

On Monday, the UN General Assembly unanimously adopted a China-led resolution that calls on the international community to create a “free, open, inclusive and non-discriminatory” business environment among wealthy and developing nations for AI development. Elon Musk speaks at the World Artificial Intelligence Conference in Shanghai on August 29, 2019. Photo: Reuters More than 500 … Read more

Tencent boosts AI training efficiency without Nvidia’s most advanced chips

Tencent boosts AI training efficiency without Nvidia’s most advanced chips

Tencent Holdings has upgraded its high-performance computing (HPC) network, with an improvement to its artificial intelligence (AI) capabilities, as Chinese tech giants seek ways to boost large language model (LLM) training with existing systems and equipment amid a domestic push for technological self-reliance. The 2.0 version of Tencent’s Intelligent High-Performance Network, known as Xingmai in … Read more

China’s Quora-like Zhihu unveils AI-powered search-and-answer feature to engage more users

China’s Quora-like Zhihu unveils AI-powered search-and-answer feature to engage more users

Zhihu, mainland China’s Quora-like question-and-answer service, on Saturday launched a new generative artificial intelligence (AI) feature that responds to users’ inquiries on the platform, showing how the technology has quickly become a component of online consumer tools in the country. The feature called Zhida, which means “direct response” in Mandarin, taps into the platform’s vast … Read more

Alibaba to close data centres in Australia, India amid expansion in Southeast Asia, Mexico

Alibaba to close data centres in Australia, India amid expansion in Southeast Asia, Mexico

Alibaba Group Holding’s cloud computing unit plans to shut down its data centres in Australia and India, as the company prioritises infrastructure spending in other markets. Citing the move as part of its “infrastructure strategy update”, Alibaba Cloud said the decision was made after a “careful assessment” amid new efforts to “expand investment in Southeast … Read more