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Chinese AI Firms Face Losses Until 2030 Amid Compute Crunch
Chinese artificial intelligence companies Z.ai and MiniMax are projected to remain loss-making until 2030, despite substantial revenue growth. This forecast, from Ellie Jiang, head of Asia internet and software research at Macquarie Group, highlights the significant costs associated with competing at the technological forefront.
2 days ago


SoftBank, Sceye Complete Japan's First Stratospheric Comm Trials
SoftBank Corp. and Sceye, Inc. completed Japan's inaugural stratospheric communications trials. Conducted off Cape Muroto in Kochi Prefecture, these tests verified stable voice, high-capacity data transfer, and emergency alert system functionality using a High Altitude Platform Station, or HAPS.
3 days ago


UN Rights Chief Warns AI Poses Threat to Humanity
U.N. rights chief Volker Turk recently warned that artificial intelligence could pose a threat to humanity. He committed to engaging with AI organisations to mitigate risks. His office indicated these risks include potential disruptions to vital services, communication networks, and democratic processes. Mr Turk spoke in Geneva.
3 days ago
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