BMW on Tuesday cut its full-year profit forecast for the car business, lowering its expected automotive EBIT margin to a corridor of 1 to 3 per cent from prior guidance of 4 to 6 per cent. The company blamed an accelerating decline in the Chinese marke…
ByteDance has generally been Microsoft’s single biggest AI customer in recent years, and it is on track to spend more than $1bn a year on Microsoft’s AI and cloud services, Bloomberg reports. The striking part is what the TikTok owner is mostly buying:…
China’s ‘618’ shopping festival, the mid-year sales event named for 18 June and now stretched across several weeks, has become two things at once this year: a showcase for how thoroughly AI has been threaded through online retail, and a reminder of how…
China’s top diplomat Wang Yi announced on Wednesday that Beijing is “accelerating the establishment of a global AI cooperation organization” and invited all countries to join. The comments came as the G7 summit in France wrapped up with discussions abo…
China has spent two years telling the world it intends to win the AI race. Its new five-year employment plan is the quieter admission that winning it could cost a lot of people their jobs. The State Council, effectively China’s cabinet, has issued its …
Microsoft is considering putting a Chinese AI model inside its enterprise Copilot, and the reason is money. The company told Axios it is exploring a self-hosted, fine-tuned version of DeepSeek V4, or another open-source model, as a cheaper option to po…
The decision had, in effect, already been made. According to people familiar with the matter, reports Reuters, a US interagency committee approved adding the Chinese AI startup DeepSeek, the memory-chip maker CXMT and more than 100 other companies flag…
The European Parliament voted on Tuesday to lift the parliamentary immunity of Fulvio Martusciello, clearing the way for Belgian prosecutors to pursue bribery allegations linked to Chinese tech giant Huawei. The vote was 344 in favour, 234 against, wit…
China’s central bank has brought a fresh batch of financial institutions into its digital-yuan network for cross-border payments, extending a currency that began life as a way to buy noodles in Shenzhen towards the far harder business of moving money b…
DeepSeek, the Chinese AI lab that unsettled the industry with a cheap, capable model last year, has closed its first round of outside funding, raising roughly 50 billion yuan, about $7bn, in a deal whose structure is as notable as its size. The valuati…