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AI: Companies
Explore cutting-edge AI developments in China that are transforming various industries and reshaping the future.
last updated:
12 December, 2024
The logo of Chinese EV maker Li Auto. Photo: Reuters
Artificial intelligence

Tesla rival Li Auto wants to expand into an AI and robot company

The premium EV maker aims to produce humanoid robots after achieving level-4 autonomous driving, CEO Li Xiang says.

Artificial intelligence

The ‘AI Olympics’ gets new hurdles in Canada as US-China tech war plays out

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Artificial intelligence

Chinese-owned Character.ai rival vanishes from US App Store

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Tencent

Tencent and smartphone maker Honor team up on AI while Apple lags behind

Tencent is providing cloud computing resources to strengthen Honor’s AI offerings while Apple Intelligence is still absent in China.

An Honor retail store seen in Shanghai on July 31, 2022. Photo: Shutterstock
Banking & finance

HKMA picks 10 banks, 4 tech firms to test GenAI usage in financial sector

Participants will be onboarded to a platform of an AI supercomputing centre operated by Cyberport, with technical trials expected to begin early next year.

Alibaba

Alibaba splits AI team to sharpen consumer and business focus

It follows similar moves by ByteDance and Baidu, which have divided their AI research and application teams to tackle a competitive market.

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Artificial intelligence

From autonomous driving to GenAI: TuSimple shifts gears as founders quarrel

Once a rising star in autonomous driving, TuSimple has announced a rebranding as it pursues AI-generated video content after ousting its CEO.

TuSimple has rebranded as CreateAI as it looks to generative AI services to turn a profit by 2026. Photo: Handout
Artificial intelligence

Chinese AI start-up Baichuan loses co-founder in latest industry shake-up

The departure of Hong Tao, who was pivotal to early monetisation efforts, comes after high-level departures at rival start-ups such as 01.AI and Moonshot AI.

Ant Group

Jack Ma makes rare speech at Ant Group’s 20th anniversary

The Chinese entrepreneur addresses the fintech giant for the first time since it withdrew its mega IPO in 2020.

Artificial intelligence

Chinese facial recognition pioneer SenseTime pivots to GenAI

The company hopes to ‘better address the opportunities as well as challenges brought about by the AI 2.0 era’.

SenseTime is officially pivoting to generative AI. Photo: Reuters
Tencent

Tencent launches its answer to OpenAI’s Sora text-to-video tool

HunyuanVideo is available for free to enterprise and individual users.

Tencent has launched HunyuanVideo, a text-to-video generation tool. Photo: Screenshot
Alibaba

Alibaba Cloud aims high in Southeast Asia with new AI partners

China’s leading cloud services provider is prioritising investments in its operations across Indonesia, Thailand and other markets.

US-China tech war

New US chip sanctions to deal fresh blow to China’s self-reliance push

The impact on the Chinese chip industry would be significant if major domestic suppliers are blacklisted, sources say.

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Artificial intelligence

Video of a robot leading a mass escape draws laughs and fears over AI in China

A video of a robot inciting other robots to flee an exhibition hall has gone viral in China, but the reality is less scary than it looks.

Erbai, a small robot developed by Chinese start-up Hangzhou Erbai Intelligent Technology, has “incited” bigger robots to escape from an exhibition hall at night. Photo: 我系二白 via Douyin
Apple

Apple’s Cook makes third trip to China in 2024 amid iPhone slump

The CEO lauded the importance of Apple’s Chinese partners at the International Supply Chain Expo in Beijing.

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Tim Cook, seen in this file photo, has taken his third public trip to China this year. Photo: AFP
Artificial intelligence

Huawei’s AI chips fill Nvidia-sized hole in medical research in Hong Kong

An AI research centre under the Chinese Academy of Sciences is using Huawei chips to power its Cares Copilot model that helps with surgery.

Artificial intelligence

Uber said to eye US$10 million stake in IPO of China’s Pony AI

The ride-hailing giant may consider using Pony AI’s autonomous-driving technology outside the US, a source says.

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Alibaba

Alibaba CEO highlights AI advancement at China’s internet forum

The agenda at this year’s Wuzhen summit focuses heavily on AI, as China’s tech rivalry with the US grows.

Eddie Wu Yongming, CEO of Alibaba Group Holding, speaks at the 2024 World Internet Conference in Wuzhen, China, on Wednesday. Photo: EPA-EFE
Artificial intelligence

Chinese AR start-up Rokid puts Alibaba AI in smart glasses to take on Meta

Rokid’s US$345 smart glasses are the latest from China to adopt generative AI to capitalise on the burgeoning product category.

Foxconn

iPhone maker Foxconn partners with Nvidia on AI-driven factories

Foxconn is partnering with Nvidia to develop so-called digital twins to help build advanced facilities around the world.

Banking & finance

BlackRock’s AI is watching – and helping to make stock picks

How asset managers are exploring the use of artificial intelligence, while regulators including Hong Kong’s watchdog try to set guard rails.

K-pop group Enhypen performs in Macau on January 26, 2024. Photo: Belift Lab
Artificial intelligence

AMD cuts 1,000 staff to focus on AI chips in battle with Nvidia

The company’s data centre segment has performed vastly better than its personal computer and gaming units this year.

AMD CEO Lisa Su holds a chip at the Computex forum in Taipei in June. Photo: Reuters
Artificial intelligence

OpenAI wants US to team up with allies to beat China in AI race

The ChatGPT maker says the US and its neighbours should collaborate in AI and expand their partnership to include Middle East nations.

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Tencent

Tencent beats estimates with 47% profit jump, driven by video gaming

Video gaming sales, traditionally Tencent’s strongest revenue driver, grew 14% in the domestic market.

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US-China tech war

China’s tech firms fear bigger curbs as TSMC stops AI chip supply

A wider shipment ban on TSMC-made chips could affect a range of mainland businesses from electric vehicles to smartphones.

TSMC has stopped taking advanced AI chip orders from mainland Chinese clients. Photo: Reuters
Artificial intelligence

Baidu boasts strong AI user growth alongside launch of first smart glasses

At Baidu World 2024, where it announced the new Xiaodu AI Glasses, CEO Robin Li said the Ernie model now sees 1.5 billion API calls per day.

A Baidu sign seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023. Photo: Reuters
Artificial intelligence

China’s ‘AI Tiger’ Zhipu in race to boost video-generation features

The updated version of Ying will be able to generate 10-seconds long 4K high-definition video clips at 60 frames per second, Zhipu says.

Semiconductors

China’s AI chip unicorn Moore Threads moves closer to possible IPO

The GPU and AI-accelerator start-up, founded by an Nvidia veteran, has become a joint-stock company after fresh investments.

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