China chip exports jump 136% to US$45b as AI frenzy jacks up prices

🔮 Alibaba Cloud founder says open-source, closed-source AI philosophies not at odds, calls for more Chinese cloud competition to strengthen industry Long before artificial intelligence became the next big thing in the tech industry, Wang Jian was crafting the foundational infrastructure that would eventually power it.

🔮 The deal will enable Tesla drivers to pay for parking from their in-car touchscreens, with more features to follow, Alipay says Tesla has agreed a deal to integrate Chinese fintech giant Ant Group’s Alipay digital payment software into its vehicles in China, as Elon Musk’s firm steps up efforts to offer localised smart features amid intense competition in the Chinese market. The agreement, signed on Tuesday, will see Tesla roll out an Alipay-powered smart parking service across its Chinese fleet, according to the fintech firm.

🔮 Following the transaction, Guosheng’s direct stake in Hua Hong Group would jump to 41.7 per cent from 15.3 per cent, while its indirect holding would rise to 10.2 per cent from 3.8 per cent.

🔮 When trading begins, CanSemi is expected to set a milestone for the Shenzhen exchange as the first pure-play wafer fabrication company to list on its Shenzhen’s tech-heavy ChiNext board.

🔮 Chinese AI chipmaker Hygon plots expansion from data centres to robotics New chip targets range of physical AI applications, where machines interact directly with their environments Chinese chipmaker Hygon Information Technology is set to release a new chip targeting physical-world applications including robotics, expanding from its current focus on data centres, according to Chinese media reports and company information. The new chip, an iteration of the company’s CPU1000 series, is designed to meet “low-power, embedded and edge computing requirements”, targeting a range of physical AI applications in sectors including robotics, machine vision and intelligent manufacturing, according to reports by business news outlet Jiemian News and state-backed newspaper China Securities Journal on Sunday.

🔮 The research team said the training method could eventually be extended to other types of medical imaging, calling the model “the world’s first expert-level generalist medical imaging model”.

🔮 Cloudy with a chance of Big Macs: McDonald’s and Meituan launch drone route in Shanghai Fast-food orders will soar through the Shanghai sky, quickly reaching designated kiosks along the West Bund, offering a new way to collect meals Shanghai’s bustling riverfront has become the latest testing ground for urban logistics technology, with McDonald’s and Chinese food-delivery giant Meituan joining forces to launch the country’s first catering brand-exclusive drone-delivery route.

🔮 These digital workers could then be put to work within any of China’s three major workplace communication platforms: Alibaba’s DingTalk, ByteDance’s Feishu and Tencent’s WeCom.