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Headlines

Schneider Electric hails the significance of China’s ‘DeepSeek moment’ newsthirst.

China’s so-called “DeepSeek moment” is likely to be good news in the global race to develop artificial intelligence models that can carry out more complex tasks, according to Jean-Pascal Tricoire, chairman of French power-equipment maker Schneider Electric. “I actually think its good news. We need AI at every level,” Tricoire told CNBC’s Steve Sedgwick at…

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China’s Oppo taps Google for privacy AI push, taking page from Apple newsthirst.

Oppo is the sixth-largest smartphone maker in China, according to Counterpoint Research. Nurphoto | Nurphoto | Getty Images BARCELONA — Chinese smartphone firm Oppo is taking a page out of Apple’s playbook with the launch of a private cloud computing system to keep users’ sensitive conversations separate from its own artificial intelligence products. The company…

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China’s factory activity growth hits 3-month high in February, as millions return to work after holidays newsthirst.

Workers weld acid batteries at the Leoch International Technology Ltd. factory in Saltillo, Coahuila, Mexico, on Monday, Oct. 7, 2024.  Mauricio Palos | Bloomberg | Getty Images China’s factory activity expanded at its fastest pace in three months to 50.8 in February, a private-sector survey showed on Monday, as millions of migrant workers returned to…

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Nvidia warns of competition from China’s Huawei, despite U.S. sanctions newsthirst.

BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company. In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature among…

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DeepSeek’s rise fuels rally in China’s markets while India’s allure diminishes newsthirst.

A Chinese national flag, left, and an Indian national flag are arranged for a photograph. Bloomberg | Bloomberg | Getty Images DeepSeek’s breakthrough in artificial intelligence has boosted investor sentiment around China stocks, with a gauge of the country’s onshore as well as offshore shares soaring over 26% since its January low. The surge in…

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Alibaba shares soar 11% in Hong Kong after stellar earnings as China’s e-commerce sector recovers newsthirst.

The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the company’s cloud Intelligence and e-commerce segments. The Chinese tech giant’s shares soared as much as as 11%,…

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China’s DeepSeek took AI world by storm. How this startup came into being? newsthirst.

DeepSeek offices in Beijing on Jan. 28, 2025. Peter Catterall | Afp | Getty Images Artificial intelligence startup DeepSeek has rocketed into global prominence, shaking up the AI world, but the team behind it is relatively unknown outside China. DeepSeek’s founder, Liang Wenfeng, has been dubbed by some in Western media as China’s Sam Altman….

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