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04.05.26 - 13:30
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Hong Kong puts its own spin on DeepSeek with China-chip AI push abroad (SCMP)
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A Hong Kong government-backed artificial intelligence lab is preparing to launch a new model built on DeepSeek that can run entirely on Chinese-made chips.
The Hong Kong Generative AI Research and Development Centre (HKGAI) plans to unveil its HKGAI-V3 model in the first half of this year as it looks to export its “sovereign AI” capabilities to overseas markets.
The system was based on DeepSeek V4 architecture with “full-parameter fine tuning for localisation”, and had been optimised to operate......
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04.05.26 - 13:01
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Chinese EV sales edge higher in April despite weakening domestic demand (SCMP)
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Chinese electric vehicle (EV) makers – including BYD and Geely Automobile – saw their sales stabilise in April, as exports and new technologies continued to help offset weakening demand at home.
BYD, the world's largest EV manufacturer, sold 321,123 vehicles last month, a drop of more than 15 per cent compared to a year ago, according to its exchange filing on Sunday.
However, compared with March, April's sales figure was nearly 7 per cent higher, while the year-on-year decline was nearly five......
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04.05.26 - 11:06
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China, Indonesia launch cross-border QR payments – a boost for the global yuan? (SCMP)
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China and Indonesia have launched a new cross-border QR payment system, marking the latest step in Beijing's drive to build a regional digital payments network as it pushes to internationalise the yuan and reduce dependence on the US dollar.
Users can now use domestic mobile apps – such as China's Alipay and Indonesia's QRIS – to scan QR codes and make retail payments in either country using their home currencies.
Alicia Garcia-Herrero, chief economist for the Asia-Pacific region at French......
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04.05.26 - 10:30
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Energy crisis showcases strengths of China′s data centre market (SCMP)
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Earlier this year, Nvidia CEO Jensen Huang likened artificial intelligence (AI) to “a five-layer cake”. At the top are applications, such as chatbots. The layer below is the software, which includes language models. Further down are infrastructure and memory chips.
The bottom layer is the most important. “At the foundation is energy,” Huang said, noting that “energy is the first principle of AI infrastructure and the binding constraint on how much intelligence the system can produce”.
Driving......
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04.05.26 - 09:48
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AI cost-cutting not a legal excuse to fire workers, Chinese court says (SCMP)
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A court in China has ruled it illegal for a company to terminate an employee on the grounds that an artificial intelligence replacement would be cheaper, affirming limits on AI-driven job displacement amid a wave of anxiety over the technology's potential to fuel unemployment.
A 35-year-old worker surnamed Zhou who oversaw AI-generated responses at a fintech firm in Hangzhou, capital of east China's Zhejiang province, was fired after refusing a demotion and pay cut. The company told him his role......
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04.05.26 - 09:45
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Chinese Hackers Spied On Cuban Embassy As Trump Ramped Up Blockade Threats (ZeroHedge)
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Chinese Hackers Spied On Cuban Embassy As Trump Ramped Up Blockade Threats
In a story which hearkens back to bygone Cold War years, fresh reports say that Chinese hackers breached and spied on the American Embassy in Cuba at a moment President Trump threatened a US naval blockade, similar to what was in place just before the overthrow by US military intervention of Venezuela's Nicolás Maduro
According to the findings from the cyber firm Gambit Security, cited in a Bloomberg report, "The campaign began in January and compromised the emails of 68 officials, including the Cuban ambassador and the deputy chief of mission, researchers said."
via Reuters
Additionally, "The breach coincided with a period of intense geopolitical friction, occurring shortly after a U.S. raid in Venezuela and roughly coincided with a decision by U.S. President Donald Trump's administration to halt oil deliveries to Cuba, contributing to widespread blackouts across the country."
The report concl...
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04.05.26 - 05:51
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In "Watershed Moment" China Orders Companies To Defy US Sanctions (ZeroHedge)
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In "Watershed Moment" China Orders Companies To Defy US Sanctions
China ordered companies in the country not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time a blocking measure introduced in 2021 that was aimed at protecting its firms from foreign laws it deemed unjustified.
Refiners - including Hengli Petrochemical (Dalian) Refinery which was sanctioned last month and several other privately-owned processors - had been facing asset freezes and transaction bans. Hengli was the most ambitious target to date in China's refining sector, and underscores US eagerness to push Iran to the negotiating table at all costs, even just weeks before an expected and long-awaited meeting between Trump and his counterpart Xi Jinping.
The sanctions on Hengli Petrochemical triggered a $1.4 billion wipeout in the fortunes of Fan Hongwei and her husband Chen Jianhua, who together built Hengli Group into one of China's biggest en...
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04.05.26 - 03:00
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China Tries To Assert Dominance Over Canada After Carney Trade Deal (ZeroHedge)
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China Tries To Assert Dominance Over Canada After Carney Trade Deal
Historically speaking, crawling to communists for help has never been a good idea; there's always a catch. By extension, making trade deals with China and the CCP from a position of weakness usually ends with diplomatic concessions instead of mere economic concessions. That is to say, the Chinese are less interested in economic benefits, and more interested in political submission.
Canadians are about to speed run this lesson after Prime Minister Mark Carney's "new strategic partnership" formed with China early this year. The announcement has been heralded as a pragmatic reset in Canada-China relations after years of tensions, aimed at diversifying Canada's trade amid U.S. tariffs under Trump. The goals of the deal include increased bilateral trade, agricultural agreements, currency swaps and energy exports.
The problem is, Carney also wants Canada to maintain its relationship with Taiwan, which th...
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