China

IMF: Singapore, Denmark, US most prepared for AI
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5 July, 2024

IMF: Singapore, Denmark, US most prepared for AI

The IMF has released its AI Preparedness Index, which assesses 174 countries and how ready their economies are for the...
Chinese AI firms looking for new clients amid OpenAI API restrictions
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1 July, 2024

Chinese AI firms looking for new clients amid OpenAI API restrictions

Reuters reported that OpenAI will limit access to its AI chatbots to Chinese entities starting July 9 to prevent entities...
Huawei records huge leaps in AI, rivaling US and European counterparts
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30 June, 2024

Huawei records huge leaps in AI, rivaling US and European counterparts

Huawei's artificial intelligence infrastructure, Ascend, has moved to second place in the Chinese market and has a reputation for being...
Tencent to participate in mBridge MVP
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27 June, 2024

Tencent to participate in mBridge MVP

Through its domestic payments platform, Tenpay Global, Tencent has been testing mBridge payments for e-commerce exports and will participate in...
UAE opts for US over China on AI collaboration
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23 June, 2024

UAE opts for US over China on AI collaboration

Omar Al Olama, the UAE’s Minister of State for AI, revealed the country’s stance in an interview, saying, “There is...
Big Chinese banks announce involvement in mBridge CBDC project
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18 June, 2024

Big Chinese banks announce involvement in mBridge CBDC project

The BIS announced that its mBrdige had entered the Minimum Viable Product stage and revealed that Saudi Arabia's central bank...
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