A 2,000% rally has handed Beijing’s Zhipu a rare fundraising window, and Anthropic’s vanished Fable 5 widened it. The harder question is whether a deeply unprofitable lab can turn the moment into a durable business. Six months ago, Zhipu was a Chinese …
JD.com robots will eventually replace the company’s 700,000 couriers, its founder says. It is a rare admission that automation is coming for blue-collar jobs. Most tech bosses hedge when asked whether machines will take people’s jobs. Richard Liu just …
China’s new trade curbs target 56 US companies, from rare-earth miners to drone makers. It is direct retaliation for Washington adding Chinese firms to its military blacklist. China has answered the Pentagon’s blacklist with one of its own. On Monday, …
The cleanest way to power a data centre is also the least predictable. The sun sets, the wind drops, and a server hall full of AI accelerators does not care: it wants the same steady draw at three in the morning that it wanted at noon. That mismatch is…
Zijin Mining couldn’t find an ultra-class electric haul truck that could get the job done at its Wulagen mine in Wuqia County, Xinjiang, so they designed their own: a 140-ton BEV haul truck with a huge, 770 kWh swappable battery pack.
Then they built 2…
Made from more affordable and more abundant materials than li-ion, sodium batteries promise more abundant and more affordable electric vehicles – but will sodium batteries be practical for commercial trucks? Chinese truck brand FAW Jiefang is working t…
A US investor wants to buy into China’s most successful AI-video company. The timing could hardly be more awkward. General Atlantic is in talks to lead the first outside funding round for Kling AI, the video arm of Chinese tech group Kuaishou, Bloomber…
The bottleneck in the AI buildout is turning out to be a metal most people have never heard of. China has tightened its scrutiny of exports of indium phosphide, a compound essential to the high-speed optical chips that move data inside AI data centres,…
BMW on Tuesday cut its full-year profit forecast for the car business, lowering its expected automotive EBIT margin to a corridor of 1 to 3 per cent from prior guidance of 4 to 6 per cent. The company blamed an accelerating decline in the Chinese marke…
ByteDance has generally been Microsoft’s single biggest AI customer in recent years, and it is on track to spend more than $1bn a year on Microsoft’s AI and cloud services, Bloomberg reports. The striking part is what the TikTok owner is mostly buying:…