UBTech Robotics says it plans to expand its assembly of humanoid robots 10-fold next year to as many as 5,000 units and double that to 10,000 in 2027, as the scale economics of China’s advanced manufacturing prowess shaves a fifth off production costs every year. The Shenzhen-based company was on track to deliver 500 humanoid robots for industrial use by the end of this year, scaling up since delivering the first 10 droids last year, UBTech’s chief branding officer Michael Tam said during an...

China has cemented its position as a global leader in artificial intelligence, while Hong Kong is carving out a niche as a specialised innovation hub, underpinned by the country’s strong governance and regulatory competitiveness, according to a global index. Technology breakthroughs such as the low-cost, highly efficient AI models introduced by start-up DeepSeek, combined with national support, propelled China to the forefront of the global AI race, alongside the US, the European Union and...

Alibaba Group Holding founder Jack Ma on Tuesday made a low-key visit to the Hangzhou campus of Ant Group that coincided with the Chinese fintech giant’s launch of LingGuang, a next-generation multimodal artificial intelligence assistant. Ma, who had relinquished his control of the fintech company and resigned from all corporate roles at Alibaba, was seen accompanied by Ant Group chairman Eric Jing Xiandong and CEO Cyril Han Xinyi during his tour of the campus. Ant Group is an affiliate of...

Wall Street will get a sense of where the billions of dollars being spent on artificial intelligence are going when Nvidia Corp reports its earnings after the bell on Wednesday. How the sinking stock market will react is another question. “This is a ‘so goes Nvidia, so goes the market’ kind of report,” said Scott Martin, chief investment officer at Kingsview Wealth Management, which owns shares of Nvidia and several of its Big Tech peers. Analysts expect the Nasdaq-listed semiconductor behemoth...

The ambitious spending plans of artificial intelligence developers coupled with rapid user adoption indicate the global rally in their stocks will persist despite bubble concerns, fund managers at Fidelity International and Allianz Global Investors said. The recent downturn in global semiconductor stocks, ahead of Nvidia’s closely watched earnings later this week, was likely to be temporary, according to Joseph Zhang, portfolio manager at Fidelity International. Unless AI capital spending or...

Microsoft and Nvidia plan to invest in Anthropic under a new tie-up that includes a US$30 billion commitment by the Claude maker to use Microsoft’s cloud services, the latest high-profile deal binding together major players in the artificial intelligence industry. Nvidia would commit up to US$10 billion to Anthropic and Microsoft up to US$5 billion, the companies said on Tuesday, without sharing more details. A person familiar with the matter said both companies had committed to investing in...

Alphabet’s Google debuted an updated version of its artificial intelligence model, Gemini, that executives said represented a “massive jump” in reasoning and coding ability. The new model, Gemini 3, will be available immediately across all of Google’s major products, including search, and can answer questions with interactive graphics. Gemini 3, like its predecessor, could process text, images and other media as well as solve complex science and maths problems, the company said. It had...