Hesai Group’s profit this year is poised for a 10-fold jump, as the world’s most valuable producer of laser radars casts its sights on Europe to put its sensors on more self-driving electric vehicles (EV) to help them navigate. The Shanghai-based company, which sealed a deal on Tuesday to supply Mercedes-Benz with light detection and […]
A former ByteDance executive has joined Shengshu AI as CEO, marking a significant hire by one of China’s leading artificial intelligence (AI) video start-ups amid fierce competition for talent in the rapidly evolving industry. Luo Yihang – the former head of AI solutions at ByteDance’s cloud unit, Volcano Engine – will oversee research and development,
Former ByteDance executive takes helm at Baidu-backed Shengshu amid generative AI boom Read More »
Beijing-based Naura was ranked sixth among global chipmaking equipment suppliers by revenue last year, up from eighth place in 2023 when it cracked the industry’s top-10 leaderboard for the first time, according to a report last week by Chinese semiconductor research firm CINNO. The state-backed company, which is expected to post about a 40 per
China’s Naura climbs the ranks of world’s top chipmaking equipment suppliers Read More »
President Xi Jinping’s high-profile meeting with technology business leaders last month significantly enhanced the confidence of Chinese companies, prompting Alibaba Group Holding to make substantial investments in artificial intelligence (AI), according to company chairman and co-founder Joe Tsai during a conference in Singapore. “I wouldn’t underestimate the importance of that event,” Tsai said on Wednesday
Alibaba’s Joe Tsai: Xi Jinping’s entrepreneur meeting fuels business confidence in China Read More »
Facebook owner Meta Platforms was testing its first in-house chip for training artificial intelligence (AI) systems, a key milestone as it moved to design more of its own custom silicon and reduce reliance on external suppliers like Nvidia, two sources told Reuters. The world’s biggest social media company had begun a small deployment of the
Meta tests first in-house AI training chip, produced by TSMC, to cut reliance on Nvidia Read More »
“Got access and it’s true … Manus is the most impressive AI tool I’ve ever tried,” wrote Victor Mustar, head of product at AI and machine-learning developer platform Hugging Face, in a post over the weekend on X, formerly Twitter. Mustar prompted Manus to create and display an animated 3D video game in a web
