Following up on a broad stimulus commitment made last year to revive its torpid economy, China’s government plans to recapitalize three of its largest state-run banks in the months ahead, people familiar told Bloomberg.
Tag: China
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SPECIAL REPORT: CHINA’S AI SURGE
DeepSeek roiled the AI industry and financial markets last month with news of its world-class R1 model made on the cheap. The news set off a tsunami of Chinese investment and focus on the potential of domestic AI.
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CHINA’S TECHNOLOGY EXTENDS ITS GLOBAL REACH
China’s battery and electric vehicle (EV) companies have been forming collaborations with Western and other Asian countries, but two new deals signal another forward step in China’s worldwide technological advance.
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SPECIAL REPORT: CHINA’S TECH SURGE
China’s tech stocks are surging in price in the wake of start-up DeepSeek’s announcement of its world-class artificial intelligence system developed at a fraction of the costs that Western developers have incurred to create theirs.
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WHAT IF AI DOESN’T NEED SO MUCH ELECTRICITY AFTER ALL?
China’s DeepSeek AI was trained for $6 million using second-tier chips, the company says.
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CHINA FILING MORE AI PATENTS THAN THE REST OF THE WORLD
In 2024, Chinese researchers filed 300,510 AI-related patents, while scientists in the world’s other countries 188,454, according to data compiled by Triangle IP, a firm that helps companies manage their intellectual property.
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OCCUPY PEACE! TRUMP SAYS U.S. MILITARY BUDGET COULD BE CUT IN HALF
A key element of the Occupy Peace movement that Gerald Celente launched over a decade ago is for the U.S. to close its 800 military bases in some 70 countries and bring home the hundreds of thousands of its troops to secure the homeland.
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CHINA BLASTS U.S. ‘COERCION’ AFTER PANAMA BACKS OUT OF BELT AND ROAD DEAL
China was critical of the U.S. last week after Panama announced that it will back out of the Belt and Road initiative—blaming Washington for applying pressure on the country before its decision.
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NEW MILLENNIUM WARFARE: CHINESE AND IRANIANS EMPLOY AI IN REVAMPED HACKING ATTACKS
The U.S. has been dealing with a new breed of hackers tied to adversarial countries like China and Iran who have been employing generative AI to carry out high-tech cyberattacks, according to a report.
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CHINESE EV MAKERS TAKE EU TO COURT OVER TARIFFS
BYD, Geely, and SAIC, three leading Chinese makers of electric vehicles (EVs), have formally complained to the European Union’s Court of Justice regarding new tariffs the European Commission (EC) imposed on the companies’ products in October.