Bloomberg Technology
China Criticizes Didi, Meituan in Car-Hailing Clampdown
Sep.02 — Chinese regulators summoned executives from 11 car-hailing companies — including services run by Didi Global Inc., Meituan and Alibaba Group Holding Ltd. — and criticized them for disrupting fair competition and hurting the interests of drivers and passengers, according to a statement published Thursday. Enda Curran reports on “Bloomberg Surveillance Early Edition.”
Bloomberg Technology
Xiaomi’s Electric Supercar Threatens Porsche, Europe Models
Hurtling around a race track outside Beijing, Xiaomi’s SU7 Ultra is as disconcerting as it’s quick. The company is preparing its expansion abroad, where it could pose a threat in the EV market. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde…
Bloomberg Technology
Tesla Boosts Spending Plan to $25 Billion in AI, Robotics Push
Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company. Ed Ludlow reports. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:…
Bloomberg Technology
China’s DeepSeek Unveils New Model a Year After Shock Launch
China’s DeepSeek is back with a brand new flagship AI model, a year after its open source model upended Silicon Valley. Tom Mackenzie explains. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here: Get the latest in…
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Kyodo News Agency
September 2, 2021 at 11:13 am
AI expert Lee Kai-fu on China clampdown against big tech — “In the age of artificial intelligence, big data is the new hydrocarbon. China used to have a huge advantage over the US in the realm of big data. But that advantage was eroded by Trojan backdoors like Didi and other Chinese tech companies who had to surrender their China-based big data to the US regulatory bodies in order to get listed in the US bourse. This is a painful and costly lesson for China.”
Sharp Investment Show
September 2, 2021 at 10:05 pm
Peak Fintech is my #1 play on the Chinese economy! They are also expanding globally a well.