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China now has at least 130 large language models, accounting for 40% of the global total and just behind the US’s 50% share, with dozens of 'industry-specific LLMs' that link to a core model
The announcement came after customs data showed China had completely blocked its exports of germanium and gallium products in August
Washington’s ‘Chips and Science’ law will offer huge subsidies for US semiconductor production, research and workforce development
Sources say CEO Elon Musk is keen to build two factories in India - one for electric vehicles, and a second plant to make and sell the group's "Powerwall" battery
Top South Korean chipmakers Samsung and SK Hynix currently have permits to import US chip-making equipment into China, where they have extensive production facilities
Apple has seen an enthusiastic response for its iPhone 15 in China, despite moves to curb use of iPhones at some government offices and speculation it may face competition from a new Huawei model
China’s Ministry of State Security made the claims in a report titled “Uncovering the main despicable means of cyberattacks and secret theft by US intelligence agencies”
Over 160 companies have lost their licences to exchange money since the coup in Myanmar for failing to adhere to the central bank's official exchange rate, while a notoriously rich general has been ousted
China exported no wrought germanium products last month, compared to 8.63 metric tons in July when volumes doubled from June as foreign buyers rushed to lock in supply ahead of export curbs
The deal will allow the vast Japanese conglomerate, which has been plagued by scandals and controversies in recent years, to become a private entity and one that is back in local hands
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Fintech: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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