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22 Feb Tech war: Nvidia sampling alternative AI chips to China as US restrictions take a toll there

Posted at 09:30h in Asia

US chip giant Nvidia said it has started shipping alternative samples of permissible artificial intelligence (AI) chips to Chinese customers, as Washington’s restrictions on sales of advanced semiconductors to the mainland begin to take a toll on its business in China.Nvidia reported upbeat results for...

22 Feb Delivery Hero terminates Foodpanda sale talks in Southeast Asia

Posted at 05:54h in Europe

Insulated food bags branded with the logo of Foodpanda, a meal-delivery service operated by Delivery Hero, sit at the company's operations center in Bangkok, Thailand, on Friday, March 16, 2018. Bloomberg | Bloomberg | Getty ImagesGerman food delivery giant Delivery Hero announced it has ended negotiations...

22 Feb Hong Kong stocks waver near 7-week high on mixed corporate earnings signals while developers trim speculative rally

Posted at 03:10h in Asia

Hong Kong stocks wavered near a seven-week high amid mixed corporate earnings signals as lender HSBC underwhelmed and travel platform operator Trip.com beat market consensus. Property developers pared gains fuelled by speculation about market-easing measures.The Hang Seng Index slipped 0.3 per cent to 16,459.93 at...

22 Feb Apple boosts iMessage encryption to thwart future quantum computing attacks from hackers

Posted at 02:59h in Asia

The new security protocol has already been added to beta versions of iOS 17.4, iPadOS 17.4, macOS 17.4 and watchOS 10.4, which will roll out to all users in the coming weeks. It will replace the current security protocols for all iMessage chats by the...

22 Feb ‘Quant quake’: Man Group says China stock market rout mirrors 2007 US meltdown

Posted at 02:11h in Asia

“China’s recent ‘quant quake’ has revealed systemic financial risks as a series of interconnected events and highlights the perils of crowding and leverage,” according to Fang, a Boston-based manager responsible for China and emerging-market strategies at Man Numeric, a quant investment division at Man Group. 05:39Hong...

22 Feb Nvidia expects threefold jump in quarterly sales, beating estimates and sending stock up as AI demand remains high

Posted at 02:03h in Asia

The already-hefty demand for the company’s data centre chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidia’s silicon dominates the global market for AI chips, where it counts the likes of Microsoft among its customers.“The market...

22 Feb Galaxy International Convention Center – Macau’s World-Renowned Landmark for Culture and Entertainment

Posted at 02:02h in Asia

[The content of this article has been produced by our advertising partner.]Propelling Macau’s Development to “City of Sports” with Unveiling World-Class EventsGalaxy Entertainment Group (“GEG”) is steadfastly aligned with the Macao SAR Government’s “1+4” adequate diversification development strategy, aimed at achieving moderate economic diversification. With...

22 Feb Sinopharm offers to take Hong Kong-listed China-TCM private in nearly US$3 billion deal

Posted at 01:36h in Asia

A consortium led by state-owned pharmaceuticals giant Sinopharm has revived a take-private bid for China Traditional Chinese Medicine Holdings (China-TCM), the Hong-Kong-listed drug maker said on Wednesday, valuing it at HK$23.16 billion (US$2.96 billion).China National Pharmaceutical, also known as Sinopharm, had in 2021 decided against...

22 Feb Climate change: China at risk of missing its goals unless it takes drastic action to rein in coal expansion, new research finds

Posted at 00:00h in Asia

“Another year of rapidly rising emissions in 2023 leaves China way off track against its target of cutting carbon intensity by 18 per cent between 2021 and 2025,” said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air (CREA). “As...

21 Feb Sustainability: Hong Kong university and green finance agency backed by regulators launch emissions calculation tools

Posted at 23:00h in Asia

“These new tools feature easy navigation and are catered for the local market,” she said. “We encourage market participants to make use of the tools to improve sustainability practices and enhance market transparency.”The calculation tool enables users, especially small and medium-sized enterprises (SMEs), to calculate...

Author: admin