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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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Xpeng plans major investment in humanoid robots
Mar 11,2025
Chinese electric vehicle maker Xpeng is making a long-term push into humanoid robots, with potential investments reaching up to 100 billion yuan ($13.8 billion), according to CEO He Xiaopeng. Speaking at the annual parliamentary session, He described...
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China expands university enrolment to boost AI talent
Mar 10,2025
China's top universities are set to expand undergraduate enrolment to develop talent in key strategic fields, particularly AI. The move follows the rapid rise of AI startup DeepSeek, which has drawn global attention for producing advanced AI models a...
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New York MTA partners with Google to detect track problems
Mar 10,2025
The Metropolitan Transportation Authority (MTA) in New York City has partnered with Google Public Sector on a pilot program designed to detect track defects before they cause significant disruptions. Using Google Pixel smartphones retrofitted onto su...
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Nvidia shares drop after US tariffs announcement
Mar 06,2025
Nvidia's shares plummeted nearly 9% on 3 March following an announcement by US President Donald Trump confirming new tariffs on imports from Canada and Mexico, set to take effect on 4 March. The decline contributed to a broader market downturn, with ...
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Scale AI wins Pentagon AI contract
Mar 06,2025
Scale AI has secured a multimillion-dollar contract with the US Department of Defense to develop AI tools for military operations. The project, named Thunderforge, is the Pentagon's flagship AI initiative aimed at enhancing decision-making, simulatio...
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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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UK regulator approves Synopsys' $35 billion Ansys deal
Mar 05,2025
Britain's competition regulator has approved Synopsys'$35 billion acquisition of Ansys after the companies addressed concerns about the potential negative impact on innovation and pricing. In December, the regulator raised alarms that the deal could ...
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Eutelsat shares surge on prospects of replacing Starlink
Mar 05,2025
Eutelsat shares surged by over 60% on Tuesday, continuing a remarkable rise that saw them increase by 68% the day before. This spike came after geopolitical tensions raised the possibility of OneWeb satellites, owned by the French satellite operator,...
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CoreWeave to buy Weights & Biases as it prepares for IPO
Mar 05,2025
CoreWeave, backed by Nvidia, announced on Tuesday that it is acquiring AI developer platform Weights & Biases as part of its efforts to expand its cloud platform ahead of its upcoming IPO. The deal will merge CoreWeave's infrastructure and manage...
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Mintoak's Digiledge acquisition boosts digital payment solutions
Mar 05,2025
Indian fintech startup Mintoak has acquired Digiledge in a deal valued at around$3.5 million, marking the first acquisition in India's central bank digital currency (CBDC) sector. The move comes as the Reserve Bank of India continues expanding its pi...
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Musk's bid to halt OpenAI's for-profit transition rejected
Mar 05,2025
A US court has denied Elon Musk's request for a preliminary injunction against OpenAI's transition into a for-profit organisation. US District Judge Yvonne Gonzalez Rogers ruled that Musk did not meet the high standards required to block the move. Ho...
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