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27.04.26 - 19:18
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China blocks $2bn Meta takeover of AI agent developer Manus (The Guardian)
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Beijing says domestic tech companies must seek explicit government approval for accepting US investmentBusiness live – latest updatesChina has blocked Meta's $2bn (£1.5bn) acquisition of an AI startup as it cracks down on US investments in domestic tech companies.Mark Zuckerberg's Meta, the owner of Facebook, Instagram and WhatsApp, announced the acquisition of Manus, a developer of autonomous AI agents, in December. Continue reading......
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27.04.26 - 17:51
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"This Is Not Normal": China′s DeepSeek Cuts New AI Model Fees, Again (ZeroHedge)
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"This Is Not Normal": China's DeepSeek Cuts New AI Model Fees, Again
DeepSeek senior researcher Victor Chen announced on X that the company's newly released DeepSeek-V4-Pro model will be offered at a huge discount over the next week, a move that threatens to unleash an AI platform price war just as Anthropic, OpenAI, and Google are rolling out newer, more expensive models.
"Second price drop in two days! On top of the base 75% off, stack an extra 90% discount for cache hits. That brings it down to just 0.003625 USD/0.025 RMB per 1M input tokens with cache hit ~ ?? Go wild and have fun ~," Chen wrote in a post on X late Sunday night.
He added, "Just a heads-up: the cache discount is permanent, while the base 75% off promo runs until May 5, so make the most of it while you can!"
Second price drop in two days! On top of the base 75% off, stack an extra 90% discount for cache hits — that brings it down to just 0.003625USA/0.025 RMB per 1M input tokens with c...
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27.04.26 - 16:00
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Optical chipmaker′s profit soars 1,153% on AI demand, China′s tech self-reliance push (SCMP)
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Chinese optical chipmaker Yuanjie Semiconductor Technology reported an elevenfold surge in first-quarter profits as domestic firms capitalise on soaring demand for computing power amid the artificial intelligence boom and the country's tech self-sufficiency drive.
Net profit in the three months ended March 31 jumped 1,153 per cent year on year to 179 million yuan (US$26.2 million), while revenue grew 321 per cent to 355 million yuan, the Shanghai-listed company said in a stock-exchange filing on......
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27.04.26 - 15:30
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Chinese robotaxi firms accelerate global roll-outs as cost edge drives expansion (SCMP)
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Chinese robotaxi firms from Pony AI to WeRide are accelerating global roll-outs of commercial fleets, leveraging cost competitiveness from the country's world-leading new energy vehicle (NEV) supply chain and improved operational efficiency, company executives have said.
China's NEV supply chain had helped reduce the total cost of Pony AI's upgraded seventh-generation robotaxi – including the base vehicle, battery and autonomous driving kit – to below 230,000 yuan (US$33,700), making it cheaper......
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27.04.26 - 15:18
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China′s CATL touts landmark order in ′DeepSeek moment′ for sodium-ion batteries (SCMP)
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Contemporary Amperex Technology Ltd (CATL) has taken a leap forward in commercialising sodium-ion batteries, signing a large supply contract with an energy-storage system (ESS) provider amid high demand for energy infrastructure after the global oil shock.
The world's largest electric vehicle (EV) and ESS battery maker announced on Monday that it would deliver 60 gigawatt-hours (GWh) of sodium-ion batteries to Beijing HyperStrong Technology over three years in a landmark deal for the new battery......
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27.04.26 - 14:48
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China Abruptly Blocks Meta′s $2 Billion Takeover Deal Of Manus AI (ZeroHedge)
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China Abruptly Blocks Meta's $2 Billion Takeover Deal Of Manus AI
With just weeks to go before the Trump-Xi meeting in Beijing, China's National Development and Reform Commission unexpectedly blocked Meta Platforms' acquisition of the AI-agent startup Manus on Monday morning, signaling that Beijing has no problem with tightening control over high-value AI assets ahead of high-level talks.
Bloomberg reports that China's NDRC has blocked Meta's $2 billion takeover of Manus, a Singapore-based AI-agent startup originally founded in China. Manus has been described as a general AI agent capable of automating complex tasks, including financial analysis, sales pitch drafting, and other workflow-intensive functions.
NDRC's official announcement says the agency has "made a decision to prohibit foreign investment in the Manus project in accordance with laws and regulations, and has required the parties involved to withdraw the acquisition transaction."
Meta's acquisition of Manus would...
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27.04.26 - 14:00
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China outlines new labour protection plan for nation′s 200 million gig workers (SCMP)
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China has vowed to better protect the country's vast gig-economy workforce, as an economic slowdown leads millions of people to sign up for delivery, ride-hailing and other informal jobs on online platforms.
The 12-point plan – issued by the State Council, China's cabinet, and the Communist Party's powerful Central Committee – pledges stronger labour protections for “new employment groups”, or gig workers, across a number of areas.
The document calls for timely and fair wage payments, a stronger......
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27.04.26 - 13:54
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China Blocks Meta′s $2 Billion AI Deal; DeepSeek Slashes Prices | The Pulse 4/25 (Bloomberg)
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests:
Simon Dangoor, Goldman Sachs Asset Management, Fixed Income Deputy CIO & Fixed Income Macro Strategies Head; Julie Norman, University College London, Professor; Evie Aspinall, British Foreign Policy Group, Director. (Source: Bloomberg)...
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