Latest Technology News South China Morning Post

While Asia-Pacific consumers and employees have shown strong support for generative AI adoption, efforts by business brands to formally adopt the technology have lagged, survey finds.

While China was an early mover in regulating generative AI, it is also highly supportive of the technology and the companies developing it. Chinese AI firms might even have a competitive advantage over their US and European counterparts, which face strong regulatory headwinds.

CMCC Global, a Hong Kong-based venture capital firm, has raised US$100 million for a new fund aimed at backing Asian blockchain start-ups amid Hong Kong’s virtual asset push, despite the recent JPEX scandal.

Generative AI-based tools were used in at least 16 countries to distort information on political or social issues over the period June 2022 to May 2023, according to the annual Freedom on Net report.

The unit, called Facebook Agile Silicon Team, or FAST, develops custom chips for Meta’s AR and VR devices, which currently use silicon from external provider Qualcomm.

Newcomers like Shein and Temu are tapping China’s vast manufacturing capabilities and using their technology to connect producers directly with overseas consumers.

A US judge has ruled that Twitter violated its duties to cover legal expenses generated by the work of a group of the platform’s former executives, including one who was summoned to testify in a congressional inquiry.

The move calls into question the independence of the app’s operations and the security of US user information, lawmakers say in a letter to CEO Shou Zi Chew.

Apple has updated its China app store rules amid tighter government policy requiring licensing of all apps for local users, as US tech giant moves to keep on right side of regulations.

Chinese teams won four esports gold medals out of seven matches at the Asian Games in Hangzhou, providing a morale boost for gaming fans who are miffed by Beijing’s hostility towards the industry.

The subsidies will help US chip maker Micron install Dutch firm ASML’s extreme ultraviolet lithography equipment to make advanced semiconductors in Japan.

ByteDance is looking to buy at least US$300 million worth of stock from current and former US employees at US$160 per share, according to The Information.

Chinese chip makers are constrained by the limits of their existing imported lithography equipment, and domestic machines lag far behind the cutting edge.

Futu Holdings, an online Chinese brokerage backed by Tencent, has warned that malicious sites are imitating its brand after three alleged domains were flagged by the city’s financial regulator.

Cryptocurrency trading volume was down in mainland China, Hong Kong, South Korea and Japan in the year through June, according to Chainalysis.

Meng is seen as having cemented her role as Ren Zhengfei’s heir-apparent with a number of high-profile speeches in the last six months and after Huawei’s success with Mate 60 Pro.

Akshay Naheta, who pitched SoftBank on selling chip firm Arm to Nvidia, set up his stablecoin firm DTR in the emirate’s financial free zone in Abu Dhabi.

The person previously worked at the company’s intellectual property unit, the Hong Kong-listed company said.

The carmaker, one of China’s EV marques, broke monthly sales records again, riding on robust demand in the world’s largest EV market.

The major sport event is seen as a golden opportunity for tech firms to lend support to a major state event and showcase their inventions to a wider audience.

Huawei’s return to the 5G smartphone market and the controversy over its advanced, made-in-China processor reflect the lengths taken by the company to build up its operations, following years of struggles on account of US trade sanctions.

Zhao’s guilty plea comes amid Beijing’s increased scrutiny of corrupt practices in the chip sector as the country develops its domestic semiconductor industry.

The Chinese short video app has sent a team from Singapore to talk with Indonesian officials about the new law that has taken immediate effect, threatening TikTok’s business model.

Washington’s efforts to counter Chinese tech giants Huawei and ZTE come amid US fears that Beijing could use their equipment to spy on Americans.

Xiaomi’s new alliance with Padget Electronics in India shows how major handset brands are boosting their production in the world’s second-biggest smartphone market.

The proposed relaxation comes at a time when Beijing is trying to turn a friendly face towards multinationals and after the previous rules threatened investment in the country.

Trudy Dai Shan no longer holds legal representative roles at several Alibaba subsidiaries indicating she will focus all her efforts on Taobao and Tmall Group.

According to reports, Germany is mulling a ban on Chinese suppliers in its 5G networks, which would be a major setback for Huawei.

Apps such as Weixin and WeChat help people living abroad stay connected with relatives from afar while also building a network of local friends.

The world’s largest exchange says it is selling its Russia business to a newly launched company because ‘operating in Russia is not compatible with Binance’s compliance strategy’.

Some customers say that the back or side of the phone becomes hot to the touch while gaming, conducting a phone call or charging.

The Facebook owner has introduced its latest line-up of head-worn devices, staking fresh claim to the VR/AR industry just ahead of Apple pushing into the market.

WeLab, a Hong Kong-based fintech unicorn backed by billionaire Li Ka-shing, wants to grow users to 500 million in next decade by tapping demand for digital banking in Southeast Asia.

The list of registered app stores in the country includes Xiaomi, Oppo, Vivo, Huawei and even Samsung, but not the mainland’s fourth-largest smartphone brand.

About a decade after Alibaba founder Jack Ma pushed forward its creation, Cainiao has become one of the world’s top logistics services providers and a big opportunity for global investors when it lists in Hong Kong.

Despite esports gold at Asian Games, Chinese video gamers see little prospect of an overall sea change in Beijing’s tough approach to governing the industry.

The US commerce department will reportedly allow Samsung and SK Hynix to keep sending certain US chip-making tools to China.

A study of six online platforms in Poland, Slovakia and Spain finds that Twitter has the highest prevalence of disinformation.

The e-commerce giant is accused of forcing sellers to use its warehouses and delivery services, inflating costs for consumers and sellers.

Four exchanges are HKVAX, HKbitEX, Hong Kong BGE and Victory Fintech – all of which tout their commitment to operating in accordance with crypto regulations.

Businesses in the city find that copyright concerns and legal and privacy risks are all key concerns when it comes to use of AI tools.

The undefeated Chinese team cleaned house in the Tencent mobile game, an international version of Honour of Kings, with a 2-0 victory over Malaysia.

Consumers in the United Kingdom, Spain, the Netherlands, Belgium and South Korea will now receive their parcels within five working days of placing an order on AliExpress, thanks to its joint initiative with Cainiao.

Users who click on some advertisements placed on Tencent’s WeChat Channels will be directly taken to Alibaba’s Taobao and Tmall, the companies say.

The filing by Hangzhou-based Cainiao comes at a crucial time for Hong Kong’s stock market, as its benchmark Hang Seng Index struggles to claw its way out of this year’s 11.7 per cent slump.

Chinese ICT giants Alibaba, Baidu, China Mobile, Tencent and Xiaomi could eliminate 2.5 times Hong Kong’s annual emissions if they achieve net zero emissions, think tank China Water Risk says.

The new rules will allow ByteDance’s TikTok to advertise products, but not conduct direct transactions.

The move is part of the company’s attempt to create AI content while sidestepping thorny legal issues such as copyrights.

A major update by OpenAI will give the chatbot abilities such as reading AI-generated bedtime stories and talking about a travel destination while the user is driving there.

The theft is the 10th largest crypto hack of all time and the biggest so far in 2023, according to blockchain research firm Elliptic.