# Artificial Intelligence
Latest news and articles about Artificial Intelligence
Total: 7 articles found
Alibaba and Tencent Back High‑Valued Chinese AI Startup in $700m Round as Founder Says Cash Hoard Tops ¥10bn — ‘Not IPO‑Driven’
A major Chinese AI startup raised over $700 million in a round led by Alibaba and Tencent, valuing it above $10 billion. The founder — a post‑1990s entrepreneur — said the company holds more than ¥10 billion in cash and is not pursuing an IPO, highlighting a shift toward long‑term, control‑oriented growth amid an intensely competitive AI funding surge.
China’s AI Surge Meets Autonomy’s Commercial Moment — Fund Managers and Waymo Pivot to a New Phase of Scale
Rapid generational gains in Chinese AI models and compute infrastructure, paired with Waymo’s adoption of a China‑made chassis for its new Ojai taxi, underscore 2026 as an inflection point for AI and autonomous vehicle commercialisation. Index funds such as Tianhong’s CSI AI thematic product are positioning to capture demand across optics, chips, servers and applications, though deployment risks and regulatory hurdles remain.
Making AI a ‘Digital Colleague’: How a Chinese Asset Manager Rewires Research, Trading and Risk
Zhiyu Zhishan Investment has built an integrated AI system, “AI Cybertan,” that embeds machine learning across research, trading, risk and backtesting rather than treating AI as a mere efficiency tool. The firm argues this infrastructure approach yields more consistent decision‑making across global markets, but warns that AI’s opportunities come with heightened uncertainty and governance demands.
Hangzhou Doubles Down on ‘AI + Scenes’: Municipal Innovation Centre to Fast‑Track Real‑World AI Applications
Hangzhou’s Market Scene Innovation Center, founded in July 2025 and backed by municipal investment and data groups, is accelerating deployment of AI applications by providing real‑world municipal scenarios, financing and data access. The initiative aims to turn early‑stage AI ideas into scalable products while competing with cities such as Hefei and Shenzhen for national recognition and support.
Big Tech’s $660bn AI Gamble Sparks Market Panic as Investors Question the Payoff
Big U.S. tech companies plan roughly $660 billion of AI-related capital spending in 2026, triggering a sharp market sell-off despite strong revenue growth. Investors worry the large, front-loaded investments will lengthen return timelines and concentrate risk, while Apple’s lower-spend, partnership-led approach has been rewarded.
Dubai Hosts Global Brain Trust: Top Scientists Gather to Rethink Basic Science, AI and Global Collaboration
A three-day summit in Dubai brought together 71 of the world’s leading scientists, including dozens of laureates, to debate the future of basic science, AI’s role in discovery, open-science cooperation and new models for international research collaboration. The event’s location and its integration with the World Government Summit highlight the growing linkage between elite science, state strategy and international diplomacy.
How China and the U.S. Are Steering AI in Different Directions — and Why It Matters
Chinese and U.S. AI strategies are showing meaningful divergence, shaped by different technical philosophies, civilisational values and policy choices. Export controls and governance gaps increase the risk of fragmented standards; embedding ethics and human control into AI systems is urgent to prevent harmful outcomes.