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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
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.

Artificial intelligence

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

ByteDance

TikTok parent ByteDance offers top performers more stock options

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.

The Rokid Glasses include a number of use cases that are aided by artificial intelligence, including real-time translation and messaging. Photo: Rokid
Business of climate change

Hong Kong start-up develops AI-powered smart bin to tackle recycling

Green AI’s smart collection bin can sort waste into four categories – plastic bottles , aluminium cans, drinks cartons and general refuse.

China trade

Why are Chinese robots cleaning up in America’s backyards?

Manufacturers of robotic pool cleaners seek to emulate China’s electric vehicle success story while keeping an eye on tariff threats.

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Hong Kong

Vaccine shows promise in curing HIV, Hong Kong start-up says

‘We may be on the brink of a breakthrough,’ Dr Edward Leong, advisory board chairman of Immuno Cure says.

A Hong Kong biotech start-up says its first-phase trial of a therapeutic HIV vaccine has shown promising results. Photo: dpa
SCMP Highlights

Recap | ByteDance AI becomes China’s No 1, AMD cuts jobs in Nvidia battle and more tech stories

In our latest future tech news, ByteDance’s Doubao is beating competitors in China, AMD moves to focus on AI chip market and OpenAI urges US collaboration against China.

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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Semiconductors

China’s chip start-up taking on Nvidia kicks off pre-IPO process

Moore Threads has hired Citic Securities to start the ‘tutoring’ process as it seeks to capitalise on enthusiasm in China’s semiconductor industry.

Graphics processing unit designer Moore Threads is pursuing a potential public listing amid enthusiasm around progress in China’s chip industry. Photo: Moore Threads Technology
SCMP Highlights

Recap | Trump’s return threatens Chinese EV makers, an AI talent war and more tech news

The global expansion of biotech firms is another story the SCMP has been covering in the realm of future tech recently.

Demand for AI talent continues to surge in China. Photo: AFP
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.

ByteDance

ByteDance adds video generator to China’s most popular AI app

The move underscores the TikTok owner’s ambitions to solidify Doubao’s leading position.

ByteDance is introducing a video-generation feature in its Doubao chatbot. Photo: Shutterstock Images
FII conference

Hong Kong start-ups find warm welcome, big opportunities in Saudi Arabia

Executives in a recent delegation praise Saudi Arabia’s pace of modernisation and eagerness to do business.

A view of Riyadh, Saudi Arabia. Photo: Shutterstock
US presidential election 2024

From chip war to TikTok ban: what tech can expect from Donald Trump

As Donald Trump returns to the White House, tech companies are bracing for a revamp of tech policies imposed by Joe Biden.

Artificial intelligence

MTR Lab backs AI start-up Ensonic in first mainland Chinese investment

Ensonic produces AI-based acoustic detection systems used for equipment quality control and maintenance.

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Artificial intelligence

Chinese unicorn Zhipu AI raises US$210 million to invest in start-ups

The Z Fund says it aims to take advantage of its parent’s leading position in China’s AI sector to discover promising early-stage start-ups.

The Zhipu AI booth at an industry conference in Shanghai. Photo: Handout
Artificial intelligence

OpenAI safety exec calls for responsible AI development at Bilibili event

In an event hosted by and streamed to Bilibili, researcher Lilian Weng Li called AI a ‘double-edged sword’ that must be trained properly.

Autonomous vehicles

Chinese self-driving truck start-up Autra.tech scales down operations

Financing issues and potential US sanctions prompt Autra.tech to cut salaries of staff, cancel new development and suspend delivery orders.

Artificial intelligence

Chinese AI firms are splurging on ads to stand out in crowded market: report

Tech giants such as Alibaba and ByteDance along with start-ups spent US$70.2 million in the third quarter to promote generative AI products, report finds.

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Chinese artificial intelligence firms are spending big on promotion as it becomes increasingly difficult to stand out in the crowded domestic market. Photo: Reuters
Artificial intelligence

Chinese AI unicorn Zhipu adds Beijing, Shenzhen government funds as shareholders

The latest funding reflects how Chinese AI-related enterprises continue to attract new investment, despite US tech restrictions.

Major investors in Zhipu AI include Alibaba Group Holding, Tencent Holdings, Meituan, GL Ventures and Legend Capital. Photo: Handout
Banking & finance

Start-up spurs Xiaohongshu-ready ‘experiences’ in Hong Kong

Strategy also seeks to capture anticipated growth in visits by Western tourists who spend more per capita.

Artificial intelligence

China’s DeepRoute.ai raises US$100 million to accelerate self-driving tech

The Shenzhen-based start-up expects nearly 200,000 cars to be equipped with its advanced assisted driving system by the end of 2025.

Shein

Shein touted as model unicorn in China’s ‘new quality productive force’ push

Shein, which sells budget clothing to a global customer base, was praised by state media for its contribution to industry upgrading.

People walk past a Shein advertisement in London, where the the fast-fashion giant plans to go public. Photo: Reuters
FII conference

‘Not just talk’: Hong Kong secures billions in funds, deals at FII in Riyadh

The highlight of the week was the US$1 billion accord announced on the final day of the 2024 FII summit by the Saudi sovereign wealth fund and the HKMA.

(Left to right): AIF (T) founder and CEO Alvin Kwock, Cyberport director Charleston Sin, Financial Secretary Paul Chan Mo-po, Hong Kong Science and Technology Park’s CEO Albert Wong Hak-keung and FJDynamics’ chief financial officer Kiki Zhang during a media briefing at the end of the eighth FII conference in Riyadh on October 31, 2024. Photo: Enoch Yiu.
Artificial intelligence

Chinese AI unicorn MiniMax scores big in US with Talkie chatbot app

Talkie, part of the fast-growing ‘companion AI’ market segment, was the fourth most-downloaded AI app in the US in the first half of 2024.

Artificial intelligence

China’s Zhipu AI says its app can operate your smartphone for you

AutoGLM can order coffee, send messages and complete other tasks on smartphones based on voice prompts, according to the Chinese start-up.

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Start-ups
Articles about early-stage companies; pre-IPO, including those still being funded by angel investors, private equity or venture capitalists.
last updated:
9 September, 2024
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