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AI firms follow DeepSeek’s lead, create cheaper models with “distillation”

Ars Technica

Leading artificial intelligence firms including OpenAI, Microsoft, and Meta are turning to a process called distillation in the global race to create AI models that are cheaper for consumers and businesses to adopt. Read full article Comments

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Tesla’s Model Y gets a $3,000 price cut

The Verge

Tesla has lowered the purchase price of its Model Y by $3,000, so its Long Range AWD will now cost $49,990, Electrek reported. The Model Y just began shipping in March , and earlier this month Tesla reported better-than-expected delivery numbers for all its vehicles in the second quarter, so the reason for the price cut isn’t totally clear.

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NIO gets lifeline offer of up to $346 million from CATL

TechNode

NIO and CATL, the worlds top battery maker, will jointly strive to build the largest and most advanced battery swapping service network for passenger vehicles globally. The companies said (in Chinese) on Tuesday that future models of firefly, NIOs mini-car brand, will be compatible with Choco Swap, CATLs battery-swapping ecosystem.

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Li Auto says it will push for “major overseas growth” this year

TechNode

Chinas Li Auto has established after-sales and service centers in several Middle Eastern countries and set up an independent department to oversee its efforts to boost its international expansion. New model launches are another growth pillar for Li Auto.

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China Social Entrepreneurs

Beneblog: Technology Meets Society

One had to assume there's a lot going on in China, too, but it's hard to connect with. In April 2008, 1KG More registered as a company and aimed to operate as a social enterprise model. On my recent visit to Hong Kong, I was able to see the amount of excitement and interest in social entrepreneurism.

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The Oppo Watch goes global with Wear OS on board

The Verge

The device was launched in China earlier this year with a customized version of Android, but Oppo is shipping the global model with Google’s Wear OS on board. It’s available in 46mm and 41mm sizes with optional LTE connectivity in the larger model. The 430mAh battery charges in 75 minutes and gets half full in 15.

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UBTECH launches Tiangong Walker, a research-grade humanoid robot priced under $45k

TechNode

As China pushes for leadership in robotics, this launch strengthens its position in the global humanoid robotics race. For the secondary development needs of research users, the model also offers full access to motor, sensor, and motion control interfaces, along with development guides and sample code, UBTECH added.