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19.04.26 - 08:06
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Asia′s supply chain strengths could give it edge over US in AI race: Granite Asia′s Foo (SCMP)
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As the artificial intelligence race moves beyond language models into the physical world, Asia's manufacturing and supply chain strengths could give it an edge over the US, says Granite Asia's Jixun Foo.
The veteran venture capitalist said the current wave of AI development, sparked by breakthroughs in foundation models over the past two years, had entered a new phase where physical applications – from robotics to industrial automation – were becoming increasingly important, playing to Asia's......
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19.04.26 - 05:00
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Will AI job fears hurt China′s housing market as they have in the US and India? (SCMP)
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Growing public anxiety over artificial intelligence-driven job loss, especially in technology and other white-collar sectors, has weighed on housing sentiment in the US and India.
Yet data remains insufficient to quantify the direct impact of AI-related job fears on China's sluggish home-buying sentiment, though analysts expect such concerns to make households more cautious about long-term housing purchase decisions.
China's rapid AI adoption to boost automation and productivity had implications......
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19.04.26 - 03:06
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AI is not eating up China′s software market but turbocharging it: HSBC analyst (SCMP)
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China's artificial intelligence model companies are unlikely to “eat up” the domestic software market because they lack the deep industry know-how and experience to meet enterprise needs, according to an HSBC analyst.
Unlike the US, China's less developed software-as-a-service (SaaS) market stands to gain even as AI models continue to improve, with the most likely outcome being a collaborative approach where model companies and legacy software firms serve enterprises in tandem, said Yiran Liu,......
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18.04.26 - 21:21
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AI chip startup Cerebras files for IPO (TechCrunch)
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In recent months, the company announced an agreement with Amazon Web Services to use Cerebras chips in Amazon data centers, as well as a deal with OpenAI reportedly worth more than $10 billion....
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18.04.26 - 18:27
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Former AI SPAC Executives Indicted For Fabricating "Virtually All" Revenue And Customers (ZeroHedge)
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Former AI SPAC Executives Indicted For Fabricating "Virtually All" Revenue And Customers
What looked like a booming AI company was, prosecutors say, an audacious house of cards built on deception.
iLearningEngines (former stock symbol AILE) executives allegedly fabricated virtually every pillar of their business—customers, revenues, and contracts—to cash in on the AI hype and dupe both everyday investors and major institutions.
The scheme involved creating entire fake client ecosystems: shell companies with polished websites, insiders or relatives posing as corporate executives, and bogus multimillion-dollar agreements designed to withstand scrutiny, according to a DOJ press release. As U.S. Attorney Joseph Nocella put it, the company's pitch of AI innovation masked something far more fraudulent: “the truly artificial part of the defendants' story was iLearning's customers and revenues.”
The scale of the alleged deception was staggering. The company reported soaring growt...
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18.04.26 - 17:18
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How JLL is Embracing Artificial Intelligence | C-Suite Saturdays (Bloomberg)
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With a legacy spanning 243 years, JLL is now navigating a landscape transformed by Artificial Intelligence. JLL President and Global CEO Christian Ulbrich joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss how the firm stays ahead of the curve. (Source: Bloomberg)...
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