Zhou Hongyi made his confident prediction despite last week Chat-GPT creator OpenAI releasing Sora, a text-to-video AI generator

The firm consolidated its position as the US’s third most valuable firm after its market valuation jumped from $1 trillion in just eight months

Chinese cloud firms have previously told Nvidia they don’t want its slower AI chips and that they would prefer using homegrown chips from companies such as Huawei

More than 400 signatories to an open letter have warned AI-generated deepfakes pose a major risk to societies

Japan's plan to revitalize its chip industry has been boosted by the arrival of TSMC, the world's top chipmaker, and eight other Taiwanese chip firms over the past two years

Dahua Technology will manufacture surveillance hardware in Saudi Arabia after signing a deal with a Public Investment Fund entity

Local governments in Shanghai and Anhui will fund a variety of semiconductor-related projects this year — ranging from the development of DRAM chips to building facilities for chipmaking and its tools

Revelations about the amount of power and water needed for computers that power artificial intelligence have led to concern about AI's environmental impacts

Researchers say Chinese propaganda "has increasingly sought to stoke existing US divisions in the same way Russia has"

The European Union has opened a formal investigation into the video-sharing platform over possible online content breaches

CEO He Xiaopeng said the carmaker would hire 4,000 new workers and invest $486m in AI, as China faces a year seen as the first of a “knockout round” for Chinese auto brands

The deal comes at a time when OpenAI chief Sam Altman is seeking between $5-7 trillion for an AI chip venture in a bid to bolster global chipmaking capacity