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Hong Kong Tech Chief Warns Artificial Intelligence Will Unleash ‘Greatest Industrial Revolution’
Hong Kong's technology chief has issued a warning regarding artificial intelligence, stating it will surpass all previous industrial revolutions. Secretary for Innovation, Technology and Industry Sun Dong indicated significant impacts on graduates and traditional workers, prompting accelerated training and industry development for new employment opportunities within the city.
Jul 2


Data Center Power Use to Double by 2030, Straining Grids
Global data centre electricity consumption is projected to reach 565 TWh in 2026, marking a 26 per cent year on year increase, according to a recent Gartner report. This demand is straining power infrastructure worldwide.
Jul 2


DeepSeek Secures USD 7 Billion in China's Largest AI Fundraise
DeepSeek, a Chinese artificial intelligence startup, completed its initial external fundraising round, securing approximately USD 7 billion. This funding, the largest single AI raise in China's history, results in a valuation nearing 400 billion yuan and signals a shift from the company's previous operational principles.
Jul 2


China's Tech Ascent Challenges US Innovation Assumptions
China's technological advancement now presents a direct challenge to firmly established American assumptions regarding innovation. This shift occurs as the United States approaches its 250th anniversary, amidst a global order increasingly shaped by its relationship with China. This situation prompts an examination of hard technology and soft power ties between the two nations.
Jul 1


DeepSeek Adds Peak Surcharges to AI API Services
Chinese artificial intelligence firm DeepSeek is introducing peak hour surcharges for its API services. This move departs from a domestic price competition the company itself initiated, where competitors have engaged in aggressive price reductions to secure market share. The changes affect access to its V4 AI models.
Jul 1


China's Meituan Trains Largest AI Model on Local Hardware
China's food delivery giant Meituan has introduced what it asserts is the country's largest artificial intelligence model trained entirely on domestically developed hardware. This development signals a strategic shift beyond merely using local chips for AI model inference.
Jul 1


Businesses Seek Cheaper AI Models Amid Soaring Costs
Businesses are now considering more affordable artificial intelligence models. This shift follows rising expenditure on powerful AI tools, prompting a re-evaluation among tech executives. High costs, driven by unpredictable usage based pricing, have led some organisations to cap internal AI use.
Jun 30


Rivals Flytrex and Wing Deploy Autonomous Drone Air Traffic Control
Two drone delivery firms in Dallas, Texas, have deployed an unseen air traffic control system. Flytrex and Wing, industry rivals, developed this autonomous coordination to manage thousands of monthly flights, aiming to prevent collisions in increasingly congested airspace.
Jun 30


China Makes Space Solar Power Strategic Plan
China has formally included a space solar power station initiative in its 15th Five-Year Plan. This marks a strategic shift from conceptual research to engineering pre-development for space-based energy infrastructure.
Jun 30


Rising AI Costs Force Businesses to Seek Cheaper Alternatives
Businesses reliant on powerful, often expensive artificial intelligence models are now seeking cheaper alternatives. Industry leaders contend that more affordable options are necessary for broader adoption of AI tools across companies.
Jun 30


US School District Pilots AI Humanoid Robot Teacher's Assistant
Schools in the United States are introducing a humanoid robot into classrooms. This pilot programme aims to assist with student engagement and learning supported by artificial intelligence. Realbotix has launched its AI powered teacher's assistant, Optio, at Salamanca City Central School District, alongside its M Series humanoid robot.
Jun 29


Rome Deploys Wearable Technology for Elderly Residents
Dina Gazzella, an 85-year-old widow residing in Rome, is utilising an electronic bracelet as part of a municipality-backed support scheme. The device monitors her heart rate, sleep patterns, and provides an emergency call function, enabling remote oversight by a team of social workers.
Jun 29
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