China to draft working standard for metaverse
The Chinese Ministry of Industry and Information technologies announced that it will create a working group to define standards for the metaverse.…
China
China’s Ant Group launches AI finance model
Ant Group on Friday, revealed a finance-specific artificial intelligence model, and testing of consumer and business apps for the product has already…
Chinese IT giant Tencent launches AI model
Tencent Holdings said on Thursday companies could now use its large language artificial intelligence model “Hunyuan”. The Chinese tech giant and owner…
China bans govt employees from iPhones at work
The Wall Street Journal reported on Wednesday that China has instructed its government officials to stop using Apple iPhones and other foreign-branded…
China bans iPhone use at central government offices
China has ordered officials at central government officials to refrain from using Apple iPhones and other foreign-branded smartphones for work, The Wall…
Meta links China with “Spamouflage” operation
Facebook’s parent company, Meta on Tuesday announced that it had discovered connections between members of the Chinese law enforcement community and the…
China’s Evergrande files for bankruptcy in US
Amid growing apprehension over China’s deepening property crisis and a weakening economy, embattled developer, China Evergrande Group has filed for bankruptcy protection…
Consumer spending drop over China’s economic difficulties
Consumer spending worldwide is expected to be at its lowest level since 2013 due to China’s economic difficulties. According to data from…
Chinese tech giants secure $5bn worth of Nvidia chip orders
China’s leading internet giants are swiftly securing high-performance Nvidia chips crucial for developing generative artificial intelligence systems. Orders totaling $5 billion have…
China demands app developers to register with govt
The Chinese Information Ministry has demanded that all mobile app developers register their companies with the government. The Ministry of Industry and…
Global stock markets find balance amid European equities
Global stock markets maintained a sense of equilibrium, with European equities showing resilience, particularly in response to Italy’s decision to allay concerns…
Binance records $90 billion Crypto trade in China amidst ban
The world’s largest cryptocurrency exchange, Binance, reportedly facilitated a staggering $90 billion worth of cryptocurrency trades in China. Meanwhile, crypto trading has…