Alibaba, Tencent rally as China tech stocks rise on stimulus plans

Alibaba, Tencent rally as China tech stocks rise on stimulus plans

The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024.  CFOTO | Future Publishing | Getty Images Chinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in more than a year after China’s central bank announced measures to stimulate the world’s second-largest economy. The Hang … Read more

Elon Musk hopes supercomputers will boost Tesla and xAI

Elon Musk hopes supercomputers will boost Tesla and xAI

Elon Musk is on a mission to build new supercomputers. As the CEO of Tesla and his new artificial intelligence startup xAI, the tech titan has big plans for how artificial intelligence can help to supercharge his businesses. In January, he wrote on X that Tesla should be viewed as an AI/robotics company rather than … Read more

Alibaba launches over 100 new AI models, releases text-to-video generation

Alibaba launches over 100 new AI models, releases text-to-video generation

The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024.  CFOTO | Future Publishing | Getty Images Alibaba on Thursday released more than 100 open-source artificial intelligence models and boosted the capabilities of its proprietary technology as it looks to ramp up competition with rivals. The newly-released models, known as Qwen … Read more

China looks for domestic Nvidia rival — but that’s proving challenging

China looks for domestic Nvidia rival — but that’s proving challenging

The flags of China and the USA are being displayed on a smartphone, with an NVIDIA chip visible in the background.  Raa | Nurphoto | Getty Images Chinese companies are ramping up efforts to produce a viable alternative to Nvidia’s chips that power artificial intelligence as Beijing continues its efforts to wean itself off American … Read more

Chinese companies aiming to compete with Nvidia on AI chips

Chinese companies aiming to compete with Nvidia on AI chips

Illustration of the China and U.S. flag on a central processing unit. Blackdovfx | Istock | Getty Images U.S. sanctions over the years on China’s semiconductor industry has forced Beijing to ramp up efforts to boost its domestic chip sector. The boom of artificial intelligence and foundational models has only spurred on China’s goal of … Read more

China tech companies AI models vs OpenAI, Google, Meta

China tech companies AI models vs OpenAI, Google, Meta

China is looking to challenge the U.S. in artificial intelligence. China’s tech giants have launched their own AI models.  Niphon | Istock | Getty Images Global attention around generative artificial intelligence has been focused on big U.S. companies like OpenAI, Alphabet‘s Google and Meta. But some of China’s giants, from Alibaba to Tencent, have launched … Read more

China’s drivers fret about robotaxi push. Experts say there will be new jobs

China’s drivers fret about robotaxi push. Experts say there will be new jobs

TOPSHOT – The photo taken on August 1, 2024 shows a general view of the driver’s seat and controls of a driverless robotaxi autonomous vehicle developed as part of tech giant Baidu’s Apollo Go self-driving project, in Wuhan, in central China’s Hubei province. Turning heads as they cruise past office buildings and malls, driverless taxis … Read more

Tesla’s Optimus faces humanoid competition at Beijing robot conference

Tesla’s Optimus faces humanoid competition at Beijing robot conference

Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024. CNBC | Evelyn BEIJING — While Chinese companies last week showed off humanlike robots playing the zither or grabbing sodas, Tesla displayed its Optimus humanoid inside a clear box, motionless next to its cars. Elon … Read more

Baidu reports slower growth in robotaxi rides

Baidu reports slower growth in robotaxi rides

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu is reporting slower growth in its Apollo Go robotaxi rides than in prior quarters. Figures Baidu reported Thursday showed the number of robotaxi rides operated publicly grew by 26% … Read more

Lucid Gets An Additional $1.5 Billion From Saudis After Losing $790 Million In Q2

Lucid Gets An Additional .5 Billion From Saudis After Losing 0 Million In Q2

Good morning! It’s Tuesday, August 6, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. It’s Time The Nissan Altima Got Some Respect | Jalopinions 1st Gear: Lucid Gets Another Lifeline Despite Cash … Read more