Category: TECH & INNOVATION

China is preparing to spend around 2 trillion yuan (HK$2.32 trillion) over the next five years on building data centers across the country, Bloomberg News reported on Tuesday, as Beijing looks to challenge the US in the intensifying AI race. National Development and Reform Commission is among key government agencies drafting a blueprint to build … Continue reading China prepares US$295 billion plan to fund nationwide AI buildout, Bloomberg News reports

HSBC Private Bank has launched HSBC Access, a new network that opens institutional- grade private market and innovation investment channels to ultra-high net worth and family office clients. The platform will allow eligible private banking clients to tap into curated technology and start-up companies served by HSBC Innovation Banking. This is the first time HSBC … Continue reading HSBC Private Bank launches HSBC Access to unlock Innovation Banking for UHNW clients

AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO Aravind Srinivas. “Agnostic of these two companies, we were planning for something in 2028, so that still remains the case,” Srinivas told CNBC in … Continue reading Perplexity plans 2028 IPO regardless of Anthropic or OpenAI listings, CNBC reports

Alphabet’s Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday, citing people with direct knowledge of the discussions. Nvidia has not placed an order with Intel yet, but has been evaluating whether the company’s technology can be used to make a … Continue reading Alphabet taps Intel to make three million in-house chips, The Information reports

Artificial intelligence will revolutionize how banks serve customers, but emphasized that humans will remain at the core of the industry, and may hire more employees in the future, according to Georges Elhedery, chief executive of HSBC (0005). Elhedery said he needs human judgment, human decision-making, and human accountability at the core, during an interview with … Continue reading HSBC’s Elhedery says AI will revolutionize banking, but people still key

Chinese artificial intelligence startup Moonshot AI, known for its model Kimi, is seeking up to US$2 billion (HK$15.67 billion) in its new funding round amid fierce AI competition, driving its valuation to US$30 billion, Bloomberg reported.  This expected move, which marks its third financing in half a year, will lead to its value expanding by … Continue reading Moonshot AI eyes US$2b funding round for US$30b valuation: Bloomberg

Tencent (0700) and JD.com (9618) reportedly plan to deepen cooperation on the artificial intelligence agent, mainland media reported. Supported by JD's commodity supply chains and end-to-end fulfillment capabilities, plus Tencent's gateways reach within its ecosystem, the two sides will build a new paradigm of cross-scenario intelligence services, driving AI Agents from isolated applications to ecosystem synergy, … Continue reading Tencent, JD.com to deepen AI Agent cooperation, mainland media reports

Nvidia on Monday announced a series of deals in South Korea with tech giants including SK Hynix and Naver, as it looks to secure crucial memory chips to power its AI ambitions and entice new customers. The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea that began on Friday … Continue reading Nvidia clinches deals with South Korean giants include SK Group to advance AI boom

Nvidia and South Korea's SK are expected to announce a plan for cooperation between the two companies on Monday, with the boss of the U.S. chipmaker saying that the ongoing memory shortage would persist for "quite a few years". A spokesperson for SK Hynix said group chairman Chey Tae-won and Nvidia CEO Jensen Huang plan … Continue reading Nvidia, SK to detail cooperation plan as Huang flags prolonged chip shortage

OpenAI is planning its biggest ChatGPT overhaul yet, aiming to turn it into a "superapp" with coding tools and AI agents to boost revenue ahead of a potential stock market listing, the Financial Times reported on Sunday. The changes are part of a broader reorganisation at OpenAI, as it shifts resources to target lucrative enterprise … Continue reading OpenAI plans ChatGPT ‘superapp’ overhaul ahead of listing, FT reports

China should expand investment in basic research and guide more foreign capital toward advanced manufacturing, the country's cabinet, the State Council, said in a meeting on Friday. The meeting also called for fostering more start-ups and unicorn companies in key sectors, and for government investment funds to play a guiding role while avoiding rushing indiscriminately into … Continue reading China calls for more foreign investment in advanced manufacturing