Ant Group has reportedly used Chinese chips to develop techniques for training AI models that would cut costs by 20%.
Browsing: Tencent
China’s DeepSeek is just one player in a country that has rapidly developed a vast ecosystem of AI companies.
Tencent made the move after the tech firm was added to a US blacklist for alleged links to the Chinese military.
The US’s latest move to expand its list of Chinese military companies risks doing more than tanking the shares of some of its most valuable companies.
Naspers plunged after news emerged that the US had designated China’s Tencent as a military company operating in the US.
The American defence department has designated the technology firm a Chinese military company operating in the US.
TechCentral spoke with TymeBank CEO Karl Westvig about Tyme Group’s latest investment round, TymeBank’s ambitious growth plans in South Africa, and more.
Tyme Group, controlled by billionaire Patrice Motsepe, has raised $250-million in a new funding round.
Naspers-owned Prosus plans to invest in artificial intelligence across its businesses, CEO Fabricio Bloisi said.
It is critical that e-commerce becomes a bigger source of profitability for Prosus, group CEO Fabricio Bloisi said.