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Tag: China

China’s rare earth magnet exports hit six-month high in July
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China dominates AI patents, outpaces US – UN data

China leads the world in generative AI inventions, filing six times more patents than its closest competitor, the United States, according to U.N. data released on Wednesday. Generative AI, which can create text, images, computer code, and music from existing information, is experiencing explosive growth. Over the past decade, more than 50,000 patent applications have […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
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Apple iPhone’s Chinese shipment rises by 12%

Shipments of Apple iPhones in China saw a notable increase of 12% in March, according to data from a research firm associated with the Chinese government. The surge in shipments of foreign-branded phones, totaling 3.75 million units, compared to 3.35 million units in the previous year, was highlighted in a report published on Wednesday by […]

Baidu denies data breach allegations after exec's daughter's leak
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China’s Baidu hits 200m users

China’s tech giant, Baidu on Tuesday announced that its artificial intelligence chatbot, “Ernie Bot,” has amassed an impressive user base of over 200 million individuals. This milestone comes as Baidu aims to solidify its position as the leading ChatGPT-like chatbot in China amidst escalating competition in the market. Since its launch to the public eight […]

Energy

China to drive Africa’s renewable energy revolution – Report

China has an extraordinary opportunity for an energy revolution in Africa, but first, it must overcome almost two decades of neglect regarding investment in green power there, research from Boston University showed on Tuesday. Since the beginning of the century, Beijing has emerged as the largest bilateral trade partner on the African continent and financed […]

China bans Intel, AMD processors in govt computers
News

China bans Intel, AMD processors in govt computers

China has issued guidelines prohibiting the use of US-made processors from companies like AMD and Intel in government computers and servers, The Financial Times reported. Additionally, the guidelines restrict the use of Microsoft Windows and foreign database products in favor of domestic alternatives, signaling the latest development in the ongoing tech trade tensions between the […]

US, China demand pushes oil prices beyond $83pb
Business

US, China demand pushes oil prices beyond $83pb

Early Friday trade indicated that oil prices had risen, driven by increased demand from the world’s two biggest consumers China and the United States. An upbeat assessment of prospective rate cuts from the US Federal Reserve added credence to this according to The Times. Brent oil futures were up 0.6%, or 49 cents, to $83.45 […]

China's Lenovo reports $15.72bn Q3 revenue growth
Business

China’s Lenovo reports $15.72bn Q3 revenue growth

The world’s largest manufacturer of personal computers, Lenovo Group (0992.HK), based in China, announced on Thursday that its revenue for the October-December quarter was $15.72 billion, a 3% increase over the same period last year. Reuters reported that the outcome was contrasted with the $15.25 billion mean of eight analyst projections aggregated by LSEG. Following […]

Nigeria-China trade hits $23bn - Envoy
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Nigeria-China trade hits $23bn – Envoy

The Chinese Ambassador to Nigeria and Consul General of the People’s Republic of China, Yan Yuqing, estimated that bilateral commerce between Nigeria and China would be $22.6 billion in 2023. The PUNCH reported that Nigeria has continued to be China’s third-largest trading partner in Africa, according to Yuqing. She made this revelation in Lagos during […]

Baidu denies data breach allegations after exec's daughter's leak
News Tech

Baidu AI bot hits 100m users

More than 100 million people have signed up for Baidu’s ChatGPT-like Ernie Bot, according to Wang Haifeng, the Chinese internet giant’s chief technology officer, announced on Thursday. The search engine giant revealed the user base milestone during a deep learning summit in Beijing, following the public launch of Ernie Bot in August. A partial debut […]

China approves 105 new online games
News Tech

China approves 105 new online games

China’s press and publications authority has given the green light to 105 new online games, expressing full support for the industry following massive losses by game makers after the restrictions The National Press and Publication Administration released a statement on its WeChat social media account on Monday, emphasizing that the approvals, sanctioned by the Game […]

China unveils rules to cut spending on video games
News Tech

China unveils rules to cut spending on video games

Chinese officials on Friday, unveiled several regulations with the goal of reducing incentives and expenditures related to video games. The two largest gaming businesses in China lost about $80 billion in market value due to investor fear over the new regulations, which essentially established spending limitations for online games. Investors were trying to determine how […]

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