In a major sign of easing tensions, China has lifted several restrictions on the export of critical minerals and rare earth materials to the United States, signaling progress in the ongoing trade truce between the two economic superpowers. The Chinese Ministry of Commerce announced Friday that it would temporarily suspend certain export controls on materials […]
Beijing — China’s tech giant Baidu has achieved a major milestone in autonomous mobility, with its driverless car unit Apollo Go surpassing 250,000 fully autonomous rides per week as of October 31, a company spokesperson confirmed. This puts Baidu’s robotaxi operations on par with U.S. competitor Waymo, which reported similar weekly ride figures earlier this […]
While the global enterprise AI landscape is often dominated by U.S. giants like Microsoft and Salesforce, Europe’s SAP is rapidly emerging as a powerful contender — and it’s betting big on artificial intelligence. In a recent interview, SAP CEO Christian Klein revealed that AI is now the top driver behind new client contracts, fueling impressive […]
Alibaba has officially entered the smart wearable race with the launch of its Quark AI Glasses and a new ChatGPT-style chatbot, signaling its strongest consumer-focused AI push yet. The tech giant announced that pre-orders for the Quark AI Glasses will begin on October 24 via Tmall, its flagship e-commerce platform. The initial pre-sale price is […]
Xiaomi shares fell more than 5% on Monday, their steepest decline since April, after reports emerged of a fatal crash involving the company’s SU7 electric vehicle in Chengdu, China. The incident, which killed a 31-year-old male driver suspected of drunk driving, sparked a wave of safety concerns after video footage showed bystanders unsuccessfully trying to […]
In a rare and extraordinary move, the Dutch government has taken control of Nexperia, a Netherlands-based semiconductor company owned by China’s Wingtech Technology, to safeguard Europe’s access to critical chip supplies amid escalating global trade tensions. Nexperia is a key producer of high-volume semiconductors used across the automotive, consumer electronics, and industrial sectors, making it […]
Bitcoin plunged on Tuesday, cutting short its recent rally as fears of a renewed U.S.-China trade war rattled global markets and drove investors into traditional safe havens like gold. The sharp selloff followed President Donald Trump’s announcement of 100% tariffs on Chinese imports, a move that wiped out nearly $500 billion in total crypto market […]
After U.S. President Donald Trump announced his approval of a deal that could keep TikTok operating in the United States, Beijing’s response has been strikingly muted. Despite the app’s global popularity and political weight, Chinese state media and online discussions have offered little commentary, signaling the government’s cautious stance as it ultimately holds the power […]
Lufthansa announced on Monday that it will cut 4,000 jobs worldwide by 2030 as part of a major restructuring plan that leans heavily on artificial intelligence to boost efficiency and profitability. The airline group said most of the reductions will target administrative roles, particularly in Germany, as the company streamlines overlapping tasks and embraces digital […]
Momenta, a leading Chinese autonomous driving technology startup, is in talks to raise fresh capital at a potential valuation of around $6 billion, according to people familiar with the matter. The figure could still shift as the funding process moves forward, sources noted. The Beijing-based company specializes in developing advanced software and algorithms that enable […]