Competition in China’s AI market is shifting from building increasingly powerful models to finding ways to monetize them and apply them in practice. Alex Yao, head of China equity research at JPMorgan, told SCMP about this trend.
By Chris Borden The AI boom is sweeping across businesses, but when the bills arrive, many executives are being caught off guard. As major technology companies shift toward usage-based pricing models, AI spending is becoming a highly unpredictable and difficult budgeting problem.
By Chris Borden Anthropic has reportedly committed to spending around $200 billion on Google Cloud over the next five years, according to The Information.
By Chris Borden According to the Financial Times, deepseek ai is on the verge of a funding round that could value the Chinese AI lab at around $45 billion. The talks are being led by the state-backed China Integrated Circuit Industry Investment Fund — known as the "Big Fund" — which has previously financed semiconductor companies such as SMIC and Yangtze Memory. Tech conglomerate Tencent is also in discussions to take a stake, four people familiar with the talks told the publication.
By Daniel Mercer Anthropic has released ten pre-configured AI agents for the financial industry, designed to automate routine tasks across investment banks, asset managers, and insurers. According to the announcement, the templates cover areas including research, risk and compliance review, and financial accounting.
By Daniel Mercer Alphabet plans to invest up to $190 billion in its AI and cloud infrastructure through 2026 — with spending set to rise "significantly" again in 2027.
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