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30.04.26 - 16:30
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Chinese firms face pressure on AI investments as US peers′ spending keeps soaring (SCMP)
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Artificial intelligence investments by US tech giants continue to soar, dwarfing those of Chinese AI firms, but China's rising appetite for AI applications will compel its tech companies to increase their AI spending this year, according to analysts.
The largest US tech companies are on track for more than US$700 billion in AI capital expenditures this year, driven in part by rising memory costs and continuously growing demand for AI applications.
Google and Microsoft on Thursday both said that......
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30.04.26 - 11:42
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Manus Becomes Cautionary Tale As China Blocks Meta Deal (Bloomberg)
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The AI startup Manus, once a high-profile success story, is turning into a cautionary tale for Chinese entrepreneurs after Beijing authorities ordered Meta to unwind its $2 billion takeover of the company. Newley Purnell reports. (Source: Bloomberg)...
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30.04.26 - 10:00
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China′s top tech hub Shenzhen eases homebuying curbs, raises loan caps (SCMP)
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Non-local residents in Shenzhen can now buy property in some of the city's core districts after the local housing authority eased restrictions and raised home-loan caps, a move likely to further improve the real estate prospects of mainland China's top tech powerhouse.
Those holding a valid residence permit can buy one residential unit in Futian and Nanshan districts, and Xinan in Baoan district, without having to pay social security or individual tax for a year. The rules came into effect on......
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