Remove China Remove Marketing Remove Model
article thumbnail

BYD surpasses CATL in market value, unveils major EV charging breakthrough

TechNode

On Monday, BYDs market value rose past RMB 1.16 trillion ($160 billion) to overtake that of CATL in mainland China for the first time in seven years, hours before the launch of its newest generation of electric vehicle platform, considered a major breakthrough for EV charging. The Chinese automakers shares rose about 1.2%

Marketing 102
article thumbnail

RTX 5090 cards selling for $5,000 on China's black market as DeepSeek AI models drive demand

TechSpot

DeepSeek's industry-disrupting R1 models can efficiently run on consumer GPUs, rather than expensive AI accelerators such as the H20. As reported by The Information (paywalled article), the situation has led to demand for the China-specific RTX 5090D reaching a point where the cards are being sold on the black market.

China 105
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Xiaomi’s first smart home appliance factory plans year-end production to crack China’s air-conditioner market

TechNode

Shifting from its early contract manufacturing model, Xiaomi has invested heavily in building its own factories to enhance product independence, particularly in response to past concerns about the originality of its air-conditioner designs. Why it matters: The Wuhan facility is Xiaomi’s first smart home appliance factory.

Product 85
article thumbnail

EV maker BYD launches new, ultrafast charging system

Fast Company Tech

China’s energy and auto giant BYD has announced an ultrafast EV charging system that it says is nearly as quick as a fill up at the pumps. It plans to build more than 4,000 of the new charging stations across China. BYD’s news appeared to give Tesla a jolt on Monday, as the U.S.

System 81
article thumbnail

Valued at $1B, Kai-Fu Lee’s LLM startup unveils open source model

TechCrunch

Kai-Fu Lee, the computer scientist known in the West for his bestseller AI Superpowers and in China for his bets on artificial intelligence unicorns, has a new venture — and a great ambition. AI with the vision to develop a homegrown large language model for the Chinese market. […] © 2023 TechCrunch.

article thumbnail

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.

Model 140
article thumbnail

The most innovative companies in artificial intelligence for 2025

Fast Company Tech

Previously, the stunning intelligence gains that led to chatbots such ChatGPT and Claude had come from supersizing models and the data and computing power used to train them. o1 required more time to produce answers than other models, but its answers were clearly better than those of non-reasoning models.

Companies 110