Carmakers of both EVs and Japanese firms like Toyota have had to offer big discounts as they are locked in a bruising price war, while the economy is sluggish

The global energy transition needs to average $5.6 trillion a year from 2025 to 2030 to meet net zero emissions by 2050; current investment levels are only 37% of what's required despite topping $2 trillion

"Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," Alibaba's cloud unit claimed on Wednesday

US executives say limiting the 'distillation' process from open-source models, in which one AI system learns from another, may be difficult to stop

The investment will be made by the Singapore unit of TikTok's parent Bytedance and the data centre will support companies affiliated with the popular short-video site

Meta has reportedly established four "war rooms" with engineers to assess the AI model developed by Chinese startup DeepSeek, insiders have alleged

Satellite photos show China appears to be building a large laser-ignited fusion research centre in a southwestern city

Two Asian giants have agreed to resume direct flights and a range of other measures as ties finally warm after their deadly border clash

Shares of Nvidia plunged by 17% on Monday, wiping nearly $600 billion from the chipmaker's market value, a record one-day loss for any company.

At least four plants with a combined annual processing capacity of 18 million metric tons either closed crude oil distillation units this month or plan to in February after Beijing cut tax rebates

Little-known China startup allegedly spent $5.5 million, and used sub-optimal Nvidia chips, on an AI model that rates with the best created by US tech giants; this caused Nvidia and other tech shares to sink

The carmaker, which already has a factory in Thailand, aims to complete a $1 billion plant on Java, Indonesia's main island, by the end of this year, producing EVs for local sale and export