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22.11.25 - 08:36
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Xiaomi open-sources AI model spanning autonomous driving and robotics (SCMP)
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Xiaomi has open-sourced a new foundation model that integrates autonomous driving and embodied artificial intelligence, as the Chinese smartphone and electric-vehicle (EV) manufacturer seeks to enhance its AI capabilities.
MiMo-Embodied, which comes after Xiaomi's first large language model MiMo launched in April, was described as the “first open-source vision-language model” that combined autonomous driving and embodied AI tasks. Technical reports and project files are available on platforms......
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22.11.25 - 04:06
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2 Chinese Nationals, 2 Americans Charged With Smuggling Nvidia Chips To China (ZeroHedge)
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2 Chinese Nationals, 2 Americans Charged With Smuggling Nvidia Chips To China
Authored by Frank Fang via The Epoch Times (emphasis ours),
Two Chinese nationals and two U.S. citizens have been charged with a scheme to illegally export advanced Nvidia chips to China in violation of U.S. export controls, the Department of Justice said on Nov. 20.
In a file photograph, the logo of Nvidia Corporation during the annual Computex computer exhibition in Taipei, Taiwan, on May 30, 2017. Tyrone Siu/Reuters
Li Cham, 38, a California resident, and Chen Jing, 45, who resides in Florida on an F-1 nonimmigrant student visa, are the two Chinese nationals accused of the illegal exporting scheme. The two U.S. citizens are Ho Hong Ning, 34, a Florida resident born in Hong Kong, and Brian Curtis Raymond, 46, who resides in Huntsville, Alabama.
The four men are charged with multiple counts, including conspiracy to violate the Export Control Reform Act, smuggling, and conspiracy to commit money laundering, according...
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22.11.25 - 01:36
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Don′t Fall In The China Trap (ZeroHedge)
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Don't Fall In The China Trap
Authored by James Rickards via DailyReckoning.com,
Is the Chinese economy collapsing? Or is something worse waiting in the wings?
The short answer is that we could be looking at something much worse than a crashing economy. China could be part of a collapse of the global monetary system.
We'll begin the analysis with the latest official economic releases from China. These releases showed some of the weakest performance by the Chinese economy since the 2020 pandemic collapse.
Things Aren't Looking Good
Industrial production growth for October declined to 4.9% (year-over-year) from a prior level of 6.5%. This was the weakest reading since August 2024. Some sectors receiving state support such as autos, computers, shipbuilding and telecommunications did better than average, but the broader manufacturing sector slowed materially, and mining output also weakened.
Retail sales in October were also fragile. There was overall growth of 2.9%, but certain sectors crashed...
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21.11.25 - 22:30
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AI, Crypto Anxiety Creates Volatile Week for Markets (Bloomberg)
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Bloomberg's Caroline Hyde discusses the wild ride markets have been on as AI and crypto anxiety hit investors. Plus, OpenAI is teaming up with Foxconn to design AI data center hardware in the US. And Cerebras CEO Andrew Feldman shares his thoughts on the US approval for advanced AI chips to be sold to the Middle East. (Source: Bloomberg)...
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