For decades, Germany prided itself on fiscal restraint, wielding the Schuldenbremse, or debt brake, as both shield and creed, a safeguard against excess and a symbol of post-war prudence. But in an era of resurgent Russian aggression and global upheaval, that restraint has become a liability. Now in a historic pivot, Germany has shed its […]
Opinion | Why Germany can’t afford not to spend billions on defence Read More »
Chinese electric-car (EV) maker BYD is setting new sales milestones in its global rivalry with Tesla, after snatching its crown as the world’s biggest in terms of deliveries. The Shenzhen-based company raked in a 29 per cent jump in 2024 annual revenue to an all-time high of 777 billion yuan (US$101.1 billion), according to results
BYD beats Tesla again as sales top US$100 billion on surging EV deliveries Read More »
China’s video gaming and social media giant Tencent Holdings has joined the latest round of investors in humanoid robotics start-up Agibot, in a fresh example of a China Big Tech firm betting on the robotics industry. The Shanghai-based firm, also known as Zhiyuan Robotics, confirmed that the new financing round also included money from Lanchi
Chinese artificial intelligence (AI) star DeepSeek has upgraded its open-source V3 large language model by adding parameters and improving capabilities in coding and solving mathematical problems. The DeepSeek-V3-0324, named after its predecessor and the launch date, has “enhanced reasoning capabilities, optimised front-end web development and upgraded Chinese writing proficiency”, according to a notice on the
DeepSeek’s upgraded foundational model excels in coding and maths Read More »
Quantum computing start-up PsiQuantum is raising at least US$750 million at a US$6 billion pre-money valuation, according to two people familiar with the matter. BlackRock was leading the fundraising effort, which had not yet been completed, one of the people said. Unlike some quantum computing start-ups using exotic materials, PsiQuantum is aiming to modify traditional
US start-up PsiQuantum raising US$750 million in quantum computing race, sources say Read More »
DeepSeek has not only boosted China’s confidence in its quest for leadership in the global artificial intelligence (AI) industry, but also rapidly transformed the domestic AI model landscape into a solar system, where the start-up becomes the sun around which a number of major planets revolve. A year ago, China’s large language model (LLM) sector
My Take | DeepSeek has changed China’s AI model landscape – what’s next? Read More »
