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 Daniel Mercer Anthropic is preparing to raise $10 billion in new funding, according to the Wall Street Journal, citing sources familiar with the matter. The developer of the Claude chatbot is targeting a valuation of $350 billion.
By Daniel Mercer At CES 2026, Lenovo unveiled the Lenovo AI Glasses Concept, a pair of conceptual smart glasses. The device is powered by Qira, Lenovo and Motorola’s proprietary artificial intelligence platform, which enables real-time translation and image recognition.
By Alex Rowland German engineering and technology group Robert Bosch plans to invest more than €2.5 billion in the development and deployment of artificial intelligence technologies by the end of 2027.
By Alex Rowland Jensen Huang, CEO of Nvidia — the world’s leading manufacturer of processors for artificial intelligence — has been named Person of the Year by the Financial Times (FT).
By Alex Rowland Time magazine has named the “architects of artificial intelligence” as its Person of the Year, the publication announced on X.
By Chris Borden LG Electronics has unveiled a next-generation home robot powered by artificial intelligence, called LG CLOiD, The Korea Times reports.
By Chris Borden Elon Musk, the world’s richest person, has predicted double-digit U.S. GDP growth within the next 12–18 months, adding that widespread adoption of artificial intelligence could eventually push growth into triple-digit territory.
By Chris Borden Meta has entered into an agreement to acquire the startup Manus in a deal valued at more than $2 billion, The Wall Street Journal reports, citing sources familiar with the matter.
By Chris Borden Japanese conglomerate SoftBank Group has completed a $41 billion investment in AI startup OpenAI, CNBC reports. The deal ranks among the largest private funding rounds in history.
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