Pony.ai’s chief financial officer Lawrence Steyn recently left the company after two years in the role, citing personal reasons, a company spokesperson confirmed when contacted by TechNode on Monday. The self-driving car developer said it has since appointed Wang Haojun, previously the chief operating officer of the company, to take over the role. Steyn, who […]
Posted inHeavy Hitters
Geely’s Lynk & Co 08 to use in-house car software from Meizu for the first time
Lynk’s use of the Meizu operating system is the result of Geely’s long-term effort to develop more car technology in-house.
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Huawei claims 14nm chip design suite breakthrough
The rotating president of Huawei, Xu Zhijun, claimed at an internal event in February that the Chinese telecoms giant has achieved a breakthrough with its own electronic design automation (EDA) tool, a key step toward developing its own 14nm and above chips, Chinese media outlet Caixin reports. The Huawei DA tool team has been partnering […]
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Alipay pushes lifestyle channel with new homepage button
Alipay, the payment app owned by Ant Group, has added a feature to its Chinese homepage that takes users directly to its lifestyle channel when they click on a prominent “take a look” button. Prior to this adjustment, the lifestyle channel, where merchants and influencers share short videos, lifestyle posts, and livestream links, was a […]
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China approves 113 games in March as industry hopes for return to growth
The National Press and Publication Administration (NPPA), China’s gaming regulator, announced 86 licenses for domestic games on March 23. The new batch of approved titles follows a list of 27 foreign games that were cleared for publishing by the NPPA on March 20. Among the new domestic titles, Tencent was given a green light for […]
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Meituan reduces losses on new initiatives, plays down ByteDance threat
Meituan posted total revenue of RMB 220 billion ($32.0 billion) for 2022, a 22.8% increase compared to the previous year, according to the Chinese life services giant’s latest financial results, published on March 24. This growth rate was the strongest among China’s internet majors over the year, except for that of e-commerce company and Pinduoduo […]
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Why are AI models getting cheaper as they improve?
As AI technology develops, large-scale AI models such as GPT are seeing falling costs. So why are AI models becoming more affordable?
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Xiaomi saw net revenue dive 61% in 2022
On March 25, smart device maker Xiaomi released its financial report for the fourth quarter and for the full year of 2022. The company saw its income in 2022 total RMB 280 billion ($40.68 billion), a 14.7% decrease year-on-year, according the data. The report showed falling net revenue too, with a decline of 61.4% year-on-year […]
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Huawei updates key flagship phones with P60 series and Mate X3 in attempted show of strength
The release of so many new devices was seen as an attempt by Huawei to demonstrate its strength after years of controversy and constraints.
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Baidu denies claims its ERNIE Bot tool is “piggybacking” on other ChatGPT-like programs
Baidu on Thursday said the text-to-picture function of its ChatGPT-like tool ERNIE Bot is powered by its own cross-modal generation big model ERNIE-ViLG, amid recent speculation that the search giant’s platform might be translating prompts into English and then using other companies’ AI tools to generate results. An influencer claimed to have tested the bot […]