A fierce war of words has erupted between Dutch chipmaker Nexperia and its Chinese owner, Wingtech Technology, after China and the European Union signalled that their dispute should be resolved at the corporate level. Wingtech accused Nexperia’s head office of being insincere after the Dutch head office publicly released a letter that said the chipmaker’s Chinese unit had been unresponsive to requests for talks. The heightened tensions underscore the complexity in resolving the two sides’...

China’s food-delivery giant Meituan swung to a deep quarterly loss, as a costly battle with Alibaba Group Holding’s instant commerce business eroded margins and kept revenue growth modest. The Beijing-based company on Friday reported revenue of 95.5 billion yuan (US$13.3 billion) for the three months to September, up 2 per cent year on year, missing analysts' estimates of 97.5 billion yuan. However, it booked an operating loss of 19.8 billion yuan, compared with a 13.7 billion yuan operating...

A research team led by Alibaba Cloud was the only group from China to receive a top award at this year’s NeurIPS, or the Conference on Neural Information Processing Systems, billed as the artificial intelligence industry’s most prestigious annual event. The research could lead to drastic improvements in the efficiency of large language models (LLMs), significantly reducing both training and inference costs for Alibaba Group Holding’s next generation of Qwen models without sacrificing...

Chinese onshore investor frenzy for artificial intelligence chips has intensified, with the initial public offering (IPO) of Beijing-based graphics processing unit (GPU) maker Moore Threads drawing more than 4,000 times subscription from retail investors this week. The red-hot demand for Moore Threads highlights China’s determination to build home-grown alternatives to Nvidia’s chips, and is expected to accelerate listing plans for other domestic GPU developers, from MetaX to Biren...

Alibaba Group Holding on Thursday launched its first artificial intelligence glasses in China, as the tech giant seeks to carve out a solid niche in the growing smart wearables market. The Quark AI Glasses, named after the company’s Quark AI assistant, include three versions each of the series’ flagship S1 model and the lightweight G1 model. Alibaba owns the South China Morning Post. “AI glasses are the intelligent devices that truly usher in a revolution in human-computer interaction in the AI...

UBS has warned of greater market volatility next year, citing risks ranging from weaker-than-expected artificial intelligence revenue to geopolitical tensions, but the Swiss investment bank remains bullish about Chinese technology shares and gold. UBS identified five major market risks for next year: economic weakness, a resurgence of inflation, government debts, renewed US-China conflicts, and disappointing returns from AI after three years of heavy investment. “One point that we can be very...

Xiaomi has hired a former engineer from Tesla’s Optimus team, Zach Lu Zeyu, to join the Chinese tech giant’s robotics initiatives, as the talent grab in the industry intensifies. Lu, previously a senior robotics engineer focused on the Optimus humanoid robot, joined Xiaomi last month to lead the Beijing-based firm’s dexterous hand research and development operations, according to his LinkedIn page. During his two years at Tesla, Lu worked on the design for dexterous grasping and manipulation, as...