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22.04.26 - 16:00
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Can ′token exports′ give China an edge in the AI era? (SCMP)
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As Chinese artificial intelligence companies continue to push for the adoption of their flagship models overseas, they have taken on a new role as a key source of so-called “token exports” to the global market.
Chinese AI models accounted for four of the top 10 models in terms of token consumption on popular AI model marketplace OpenRouter from March 18 to April 18, highlighting their growing visibility in global developer usage of AI systems.
Domestic token demand has been surging at an......
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22.04.26 - 14:36
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China′s low-cost EVs to be fitted with lidar systems, usually reserved for luxury models (SCMP)
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China's electric vehicle (EV) makers could introduce a lidar sensor-based intelligent driving system in models priced as low as 60,000 yuan (US$8,795) this year, reflecting intensifying competition and falling costs, according to AI-driven tech firm Robosense.
This price point is the lowest for models on sale in China's market, excluding mini vehicles sold for less than 50,000 yuan, indicating fierce competition among Chinese carmakers amid the phasing out of policy incentives.
Notably, light......
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22.04.26 - 13:30
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China "Aggressively" Selling Oil In Recent Weeks (ZeroHedge)
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China "Aggressively" Selling Oil In Recent Weeks
We knew there was a reason why China had accumulated a cool 1.5 billion barrels in its strategic petroleum reserve: the reason, to become the world's strategist petroleum reserve when the time arises... for a price of course.
According to the chief executive officer of commodity trader Mercuria, Chinese oil companies have been aggressive sellers in recent weeks, selling barrels to several nations in tenders.
“What has been happening in the last two or three weeks is actually they have been aggressively selling crude oil,” Mercuria CEO Marco Dunand said at the FT Commodities Global Summit in Lausanne on Tuesday. “They've taken out a lot of demand from various countries and offered aggressively in tenders."
Dunand said there are a variety of possible explanations for the selling. They include the release of oil inventories within China, continued sales of Iranian oil in the weeks after the war started, and possible optimism...
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22.04.26 - 13:00
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Why China′s cash-rich AI firm DeepSeek is still shopping for funding: sources (SCMP)
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Chinese artificial intelligence start-up DeepSeek has begun raising external capital for the first time, but is keeping its initial fundraising round deliberately small to limit equity dilution while retaining key talent, according to people familiar with the matter.
The Hangzhou-based company, a spin-off from hedge fund High-Flyer, is seeking to sell no more than 3 per cent of its equity, said three investors with direct knowledge of the plans, who requested anonymity as the information is......
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