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Chinese hedge funds boost AI for competitive edge
Mar 15,2025
China's hedge fund industry is undergoing a transformative shift, spurred by High-Flyer's integration of AI in its trading strategies. The multi-billion-dollar fund not only uses AI to enhance its portfolio but also created DeepSeek, a game-changing ...
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Singapore fraud case involves $390 million in transactions
Mar 13,2025
Singapore prosecutors revealed on Thursday that a fraud case involving local firms accused of illegally supplying US servers to Malaysia involves transactions worth$390 million. Three men-Singaporeans Aaron Woon and Alan Wei, along with Chinese natio...
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Zhipu AI raises 500 million yuan amid rising competition
Mar 13,2025
Chinese startup Zhipu AI has secured 500 million yuan (
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OpenAI launches responses API to boost AI agents
Mar 12,2025
OpenAI has unveiled new tools for developers to build advanced AI agents, stepping up its game amid rising competition from Chinese startups. The latest offering, called the Responses API, allows developers to create AI systems that execute complex t...
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Chinese investors turn to AI for stock market edge
Mar 11,2025
Chinese retail investors are rapidly embracing AI tools like DeepSeek to navigate the stock market, marking a striking shift from last year's government crackdown on computer-driven quantitative trading. Online courses and packed training rooms refle...
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Meta has developed an AI chip to cut reliance on Nvidia, Reuters reports
Mar 11,2025
Meta, the owner of Facebook, Instagram, and WhatsApp, is testing its first in-house chip designed for training AI systems, sources told Reuters. The social media giant has started a limited rollout of the chip, planning to scale up production if test...
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Manus AI platform sparks hype but struggles with performance
Mar 10,2025
Manus, an AI platform launched in preview last week, has quickly gained widespread attention, with tech influencers and Chinese media calling it a breakthrough. The platform, developed by Chinese company The Butterfly Effect, claims to be an advanced...
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China to expand AI investment and boost tech innovation
Mar 06,2025
China has announced plans to increase support for AI development and boost venture capital investment as part of its broader strategy to drive technological breakthroughs and self-reliance. The initiative was outlined in a government report presented...
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Malaysia works with US and Singapore on Nvidia chip probe
Mar 06,2025
Malaysian authorities are investigating whether local laws were breached in the shipment of servers that may have contained advanced AI chips subject to U export controls. The case is linked to a fraud investigation in Singapore, where three men were...
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DeepSeek highlights China's rise in AI, Lou Qinjian says
Mar 04,2025
DeepSeek's progress is a clear sign of the growing influence of Chinese companies in the AI sector, according to a spokesperson for China's parliament. Lou Qinjian, speaking to reporters on Tuesday, praised the achievements of DeepSeek's young team, ...
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DeepSeek's transparency in AI profit projections challenges industry norms
Mar 03,2025
Chinese AI start-up DeepSeek has revealed that its theoretical profit margins could reach 545 percent, shedding light on the financial potential of its innovative approach to AI. The Hangzhou-based company said its V3 and R1 models' cost-to-sales rat...
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Zhipu AI secures over 1 billion yuan in new funding
Mar 03,2025
Chinese AI startup Zhipu AI has raised over 1 billion yuan ($137.22 million) in new funding, following a previous 3 billion yuan investment in December. The latest funding round comes amid growing competition in China's AI sector, particularly with r...
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