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Meeting the AI industry’s demand “requires super-scale infrastructure and full-stack technology accumulation”, Wu told the audience at Friday’s opening of the 2025 World Internet Conference, an annual industry gathering in the town of Wuzhen in eastern Zhejiang province. The event will run through Sunday.Wu, also chairman of the company’s AI and cloud services unit Alibaba Cloud, said the group’s envisioned “super AI cloud” infrastructure would be “capable of supporting” such demand. Alibaba owns the South China Morning Post.A view of the audience at Friday’s opening ceremony of the 2025 World Internet Conference Wuzhen Summit, which runs through Sunday. Photo: XinhuaEchoing…
My top 10 things to watch Friday, Nov. 7 1. The stock market was trending toward a lower open this morning as the government shutdown and ongoing scrutiny of AI-related names continue to weigh on stocks. The S & P 500 and tech-heavy Nasdaq are both headed for weekly losses. 2. Club name Nvidia said it has no plans to sell its Blackwell AI chips in China. Sales to China haven’t been factored into Nvidia’s outlook or commentary for months, but investors always had some hope that something would happen. 3. Wells Fargo analysts said that Eli Lilly made a…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.1. China’s most advanced aircraft carrier, the Fujian, enters serviceChina’s third aircraft carrier, the Fujian, entered into service on Wednesday at a grand ceremony held in Sanya, Hainan, according to state media reports.2. China’s exports fall in October as firms wait out trade war resetChina’s exports fell in October amid a volatile trade war with the United States – though recent high-level talks between the world’s two largest economies have since eased tensions.3. 7 minutes on…
The US dollar is on track for a modest weekly gain as investors balance the Federal Reserve’s hawkish tone with persistent concerns about the US economy. The dollar began a five-day winning streak last week after Fed Chair Jerome Powell acknowledged the “risks” of further monetary easing, but it reversed sharply on Thursday following weak labor market data. US Treasury yields also declined amid growing uncertainty caused by the ongoing government shutdown in Washington and the legal debate surrounding President Donald Trump’s proposed tariffs. Mohit Kumar, economist at Jefferies, said: “The December Fed meeting is essentially a…
Fang Lei, a long-time professor with Texas A&M University’s chemistry department, has returned to China to join the cutting-edge Yongjiang Laboratory, a state-backed research centre that has drawn a cumulative investment of more than 26 billion yuan (US$3.65 billion) in less than four years.Fang built a distinguished career in the United States over nearly two decades, rising to be deputy head of the chemistry department at Texas A&M. He resigned from the university earlier this year to assume a full-time position at Yongjiang Laboratory, also known as Y-Lab.Fang now serves as chair professor and director of the Centre for Functional…
WHY THIS MATTERS: If Pokrovsk falls, it could pave the way for Russia to take the rest of the Donbas region of eastern Ukraine, a key goal of President Vladimir Putin. The fate of the city also could influence U.S. perceptions about the war and sway the course of peace negotiations. KYIV, Ukraine (AP) — A critical moment for the future of Ukraine’s Donetsk region is approaching as the battle for the city of Pokrovsk reaches a key stage, with Russian and Ukrainian forces so enmeshed that in some cases they’re vying for control of the same residential building, soldiers…
The Netherlands’ Economy Minister Vincent Karremans said on Friday that China could resume supply of chips to Nexperia customers in Europe and the rest of the world “over the coming days”, signalling that the Dutch government has “softened its stance” and raising hopes of a breakthrough in a row that has threatened to throw global automotive production into disarray.“The Netherlands trusts that the supply of chips from China to Europe and the rest of the world will reach Nexperia’s customers over the coming days,” Karremans, a key figure behind the Dutch authorities’ seizure of Nexperia’s management on September 30, said…
President Ferdinand Marcos Jnr’s sharp decline in public trust and approval, set against Vice-President Sara Duterte-Carpio’s steadier numbers, underscores the shifting balance of power between two of the most influential political dynasties in the Philippines.While both leaders remain broadly popular, analysts say the latest figures suggest Duterte-Carpio’s camp may be regaining momentum as Marcos grapples with scandals, governance missteps and waning confidence in his leadership – deepening a political rupture that has turned the former allies into open rivals.The latest nationwide OCTA Research survey, conducted from September 30 to October 4 and released on Wednesday, paints a more detailed picture…
Fecto Cement Limited (FECTO) has announced the completion of the sale of its investment property located near Islamabad International Airport, Rawalpindi. In a notice to the Pakistan Stock Exchange (PSX) on Friday, FECTO stated that the entire sale proceeds have been received, marking the full completion of the transaction. “We are pleased to announce that the sale of the company’s investment property situated near Islamabad International Airport, Airport Avenue Road, Laundi, Thalian, Rawalpindi, having a total covered area of 124.625 kanals, has been fully completed, and the entire sale proceeds have been received,” read the notice. The Board of Directors…
Developing China’s “new quality productive forces” – a growth model championed by Beijing that emphasises technological breakthroughs and industrial upgrades – does not mean abandoning traditional industries, but rather integration and transformation through innovation, according to the ruling Communist Party’s leading theoretical journal.The sustained driving force for economic growth comes from both fostering emerging industries and upgrading traditional ones – a dual-pronged push that must be tailored to local conditions – said Qiushi, which often serves as a platform for disseminating official policies, in an article published on its website on Friday.The article acknowledged that since Beijing began promoting the…