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The artificial intelligence startup will use the cash to bring xAI's first products to market, build new infrastructure and accelerate its R&D
Alibaba has signed former England soccer star David Beckham as a salesperson to give its e-commerce site AliExpress a lift; it will also be a sponsor of the UEFA tournament next month
"3D simulation animation" shows a barrage of missiles fired from the mainland, planes and warships, that rain down on targets in the north, south and east of the country
China's third state fund to boost chip production was set up on Friday with registered capital totalling 344 billion yuan ($47.5 billion)
South Korean President Yoon Suk Yeol and Chinese Premier Li Qiang spoke on Sunday, a day before a summit with their Japanese counterpart Fumio Kishida
Entrepreneur plans to build a supercomputer "four times as powerful than the GPU clusters that exist today", to drive a smarter version of his AI chatbot Grok
US Treasury Secretary says India is refusing to 'engage' on talks on a global deal about taxes on US-based digital giants, while China has been 'absent' in push for OECD corporate tax agreement
America's biggest chip equipment maker said on Thursday it received another subpoena from the Commerce Department for the probe on whether it contravened US chip curbs
Data from China's auto association showed output of the older Model Ys was down nearly 18% in March and 33% in April than a year ago, although output of the Model 3 rose
Sanctions and a directive from Beijing have impacted Nvidia's sales in China; it has been forced to sell its top chip, the H20, at a price below Huawei's Ascend 910B
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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