CSG showcased a range of AI-powered applications at the China AI Industry Innovation Exhibition, including its latest initiatives to integrate AI in energy and power supply systems and promote the growth of an intelligent industrial ecosystem.
DeepRoute.ai, a pioneering company in intelligent driving solutions, aims to create general artificial intelligence for the physical world. The company is featured in an IDC China report evaluating assisted driving capabilities by 2025. According to the report, DeepRoute.ai is a leading player in deploying end-to-end and VLA (Vehicle-Level Automation) models on mass-produced vehicles.
Hon Hai Technology Group (Foxconn) and TECO Electric & Machinery Co Ltd have announced a strategic alliance and share swap to strengthen their AI infrastructure capabilities and push these two major Taiwanese technology players into key markets in the global supercomputer race. The partnership will combine Foxconn's, the world's largest electronics manufacturing services provider and IA server producer, and TECO's, leader in industrial electrical engineering and eco-friendly innovation, expertise to explore joint commercial opportunities related to AI data centers. The companies will offer modular complete products for data centers, engineering services, and competitive total solutions. As part of the deal, TECO will take a 0.519% stake in Hon Hai Precision Industry Co Ltd (Foxconn) while Foxconn will hold 10% of TECO.
A new report by Indeed suggests that AI may not be the primary reason for the recent decline in tech job postings, with a 36% drop compared to early 2020 levels. According to CEOs, AI is indeed a factor, but it's not the most obvious cause of the slowdown in hiring.
Meta has invested $14.3 billion in Scale AI and established Meta Superintelligence Labs after acquiring its founder. Mark Zuckerberg aims to bring "personal superintelligence" to consumers through products like augmented reality glasses and virtual reality headsets, which will become primary computing devices that understand users' context.
Meta Platforms has forecasted third-quarter revenue above analysts' estimates, with its shares rising 11% in extended trading. CEO Mark Zuckerberg attributed the strong results to artificial intelligence powering Meta's core advertising business. The company raised its annual capital expenditures forecast by $2 billion, citing AI-driven investments as a key factor. Meta expects total revenue of $47.5-50.5 billion for the third quarter, with year-over-year growth in the fourth quarter expected to be slower. The company plans to spend hundreds of billions of dollars on AI data centers and has offered over $100 million in pay packages to researchers from rival firms.
The traditional centralized approach to technology development is giving way to a decentralized model, where no-code platforms and AI tools empower development teams to work more autonomously across the organization. This shift enables developers to respond quickly to business needs by collaborating closely with stakeholders who have direct knowledge of customer, employee, and partner requirements, such as those at Microsoft, which has seen significant success with its Azure DevOps platform.
China's Cyberspace Administration has asked Nvidia to explain potential backdoor security risks in its H20 artificial intelligence chips, citing concerns over the impact on Chinese user data and privacy rights. The request comes after US lawmakers called for tracking and positioning functions to be included in AI chips sold abroad. This follows a bill introduced by US Senator Tom Cotton in May, which aims to require location verification mechanisms for AI chips subject to export restrictions. Nvidia's H20 chip was developed specifically for the Chinese market after the US imposed export restrictions on advanced AI chips in 2023.
China's Cyberspace Administration has summoned Nvidia to explain potential "back-door" safety risks associated with its H20 chips, citing concerns over tracking and remote control functions. The agency interviewed Nvidia following a report on the chips' potential vulnerabilities.