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Xingming AI Completes A+ Financing Round to Accelerate Spatial Intelligence Development

Hefei-based Xingming AI has raised several hundred million yuan upon completing A+ financing round, according to its announcement released on Monday. The fundraising effort was led by Kaiyuan Industrial,

AI hardware 6month
AI boom turns Asian data centers into magnets for loan deals

The deals underscore the industry's appeal in attracting a range of investors — from banks to real estate players — as the AI boom drives demand

AI hardware 6month
Beijing AI firm to establish global headquarters in Hong Kong, hold IPO in city

A Beijing-based artificial intelligence (AI) solutions provider is preparing to list in Hong Kong and set up its international headquarters in the city, a minister has said, while vowing to attract more creative enterprises that have adopted innovation and technology-based strategies.

Shanghai rolls out embodied AI platform, pursues intl standardization for humanoid robots

A lineup of 18 humanoid robots formed a vanguard matrix at WAIC Shanghai on Thursday. Photo: Qi Xijia/ GT. The Shanghai-based National and Local Co-Built Humanoid Robotics Innovat

Robotics 6month
Hong Kong draws Chinese AI companies from CloudWalk to iFlyTek as city pivots to tech

Executives from several companies expressed confidence in Hong Kong's growing role in supporting China's AI development.

Foxconn Builds FoxBrain, Its Own AI Model

The world's largest contract electronics maker said Monday it has built its own large language model with reasoning capabilities, developed in-house and trained in just four weeks.

AI hardware 7month
Foxconn takes smart cities global, paving the way for a borderless industry ecosystem

Under its "3+3" industry strategy, Foxconn has capitalized on its expertise in AI, EVs, IoT, and manufacturing to develop three key platforms: smart manufacturing, smart EVs, and smart cities. In recent years,

Foxconn's Mega-AI Plant Ready in a Year Despite Trump Tariffs

Foxconn's planned mega-AI server plant near Guadalajara, Mexico, will complete construction in a year despite the threat of new tariffs from President Donald Trump, according to Jalisco Governor Pablo Lemus Navarro.

AI hardware 7month