Tech billionaires aren’t the only ones fighting for control of AI. The US and China are too. The two world superpowers are competing with each other for everything from the intellectual know-how to design AI hardware and software to the raw materials that power artificial intelligence systems. Both are also using government subsidies to spur new advancements. Where the US holds a commanding lead at the moment is the development of generative AI systems such as large language models (LLMs),… Source link
Read More »Nvidia results, forecast beat estimates across the board as China sales slow ‘significantly’
Nvidia (NVDA) reported its fourth quarter earnings after the bell on Wednesday, beating analysts’ expectations on the top and bottom lines. For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Analysts were expecting EPS of $4.60 on revenue of $20.4 billion. That’s a massive jump from the same period last quarter when Nvidia reported EPS of $0.88 on $6.1 billion a year ago. To put a finer point on Nvidia’s performance, the company reported… Source link
Read More »Samsung’s new phones replace Google AI with Baidu in China
The list of AI translation, summarization, and text formatting features on the Chinese version of the Galaxy S24 will be familiar to anyone who kept up with its US-based launch. There’s also real-time call translation like we saw earlier this month, and the phones are even getting a version of Google’s Circle to Search feature. “Now featuring Ernie’s understanding and generation capabilities” “Now featuring Ernie’s understanding and generation capabilities, the upgraded Samsung… Source link
Read More »Shares Fall More on China Data Weakness, Fed Bets: Markets Wrap
(Bloomberg) — A stock selloff deepened in Asia, after fresh data redoubled concerns about China’s economy and as investors curbed wagers on Federal Reserve interest rate cuts. Most Read from Bloomberg Hong Kong shares led the declines, with the Hang Seng Index tanking nearly 4%. The CSI 300 mainland Chinese benchmark also fell 1.6%. The losses came after official figures showed while China reached its 2023 economic goal, the country’s housing slump has worsened and domestic demand… Source link
Read More »Leading tech requires ‘big business in China’
Restrictive US policies limiting advanced chip exports to China have done little to dampen Qualcomm’s (QCOM) enthusiasm for the world’s second-largest economy. In an interview at CES 2024 in Las Vegas, CEO Cristiano Amon expressed confidence about Qualcomm’s business in the country, its largest market by revenue. “If you have a leading technology, you’re going to have a big business in China,” he said. The San Diego-based firm finds itself in a difficult situation, as the White House… Source link
Read More »Nvidia continues to soar with US-compliant China chip – Yahoo Finance
[unable to retrieve full-text content]Nvidia continues to soar with US-compliant China chip Yahoo Finance Source link
Read More »Stocks Mixed on China Concern, Dovish ECB Comments: Markets Wrap – Yahoo Finance
[unable to retrieve full-text content]Stocks Mixed on China Concern, Dovish ECB Comments: Markets Wrap Yahoo Finance Source link
Read More »Alibaba's Value Dips Below Upstart PDD's in Landmark for China – Yahoo Finance
[unable to retrieve full-text content]Alibaba’s Value Dips Below Upstart PDD’s in Landmark for China Yahoo Finance Source link
Read More »Chinese dragon version of Bing Dwen Dwen unveiled – Chinadaily … – China Daily
[unable to retrieve full-text content]Chinese dragon version of Bing Dwen Dwen unveiled – Chinadaily … China Daily Source link
Read More »Starbucks earnings top estimates despite China weakness – Yahoo Finance
[unable to retrieve full-text content]Starbucks earnings top estimates despite China weakness Yahoo Finance Source link
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