1 week ago Chinese fintech giant Ant releases powerful AI model to rival DeepSeek, OpenAI

Chinese fintech giant Ant Group has released a new open-source, trillion-parameter large language model (LLM) that boasts stronger maths and coding capabilities than rival models from DeepSeek and OpenAI, escalating the intense competition in artificial intelligence systems. The new general-purpose Ling-1T model, with 1 trillion parameters, demonstrated “superior complex reasoning ability and overall advantage” against both open-source and closed-source rivals, the company said on Thursday. It...

Economics

2 w. ago The Central Committee Unveils Beijing’s New Ideological Rulebook

The Central Committee Unveils Beijing’s New Ideological Rulebook  Bitter Winter

Politics

3 w. ago Chinese yuan’s forex market share grows to 8.5% as global position firms: survey

The Chinese yuan’s share in global foreign exchange (forex) trading climbed to 8.5 per cent this year while maintaining its position as the world’s fifth-most traded currency, according to survey findings by the so-called central bank for central banks. The proportion, unveiled by the Bank for International Settlements (BIS) in its 2025 Triennial Central Bank Survey – launched in April, with the findings released on Tuesday – showed an increase from 7 per cent in the 2022 survey, with the yuan’s...

Economics

4 w. ago China central bank unveils steps to boost yuan bond market in Hong Kong

China central bank unveils steps to boost yuan bond market in Hong Kong  WHTC

Economics

4 w. ago Alibaba shares leap on Nvidia partnership, data center plans

Alibaba shares leap on Nvidia partnership, data center plans  Reuters

Politics

4 w. ago Alibaba to open new data centres; unveils most powerful AI model

Alibaba to open new data centres; unveils most powerful AI model  Reuters

Politics

last month AI sector faces US$800 billion revenue shortfall amid data centre buildout: Bain

Artificial intelligence companies like OpenAI have been quick to unveil plans for spending hundreds of billions of dollars on data centres, but they have been slower to show how they will pull in revenue to cover all those expenses. Now, the consulting firm Bain & Co is estimating the shortfall could be far larger than previously understood. By 2030, AI companies will need US$2 trillion in combined annual revenue to fund the computing power needed to meet projected demand, Bain said in its...

Economics