Chelsea_Sun
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Chinese Companies' Global Push Shifts Gears in 2024 as AI, Autos Lead, While Old Growth Pillars FadeWhile AI's meteoric rise is subject to macro uncertainty—from geopolitical tensions to capital constraints—it has quickly become one of the most potent levers for Chinese firms seeking to scale internationally.
Nvidia Reclaims Crown as Most Valuable Company amid a $1 Trillion Rally in Two MonthsThis is the first time for Nvidia to regain the top spot by market cap since Jan. 24, and the first time since March 25 that Nvidia has closed with a market value topping Microsoft's. Tuesday saw Nvidia's key supplier TSMC reaffirmed AI chip demand remain robust.
Trump Doubles Steel and Aluminum Tariffs to 50%, Spares UKUK Trade Secretary said the government will continue to work with the U.S. to implement its agreement, which will see the 25% U.S. tariffs on steel removed. Some U.S. industry bodies noted tariffs aren’t the only solution needed to boost U.S. manufacturing.
Chen Tianqiao Makes Largest Single Donation to Fudan University's New Engineering Fund“I am delighted to contribute once again to my alma mater on Fudan’s 120th anniversary... We will always remain curious, making ‘staying interesting’ a constant driving force for innovation, and ‘excellence’ an eternal goal,” said Chen.
Alibaba Stocks Sink 7.6% on Q4 Revenue and AI-Driven Cloud Earnings Miss amid Trade WarBoth sales and EBITA loss of Alibaba international commerce missed analysts' estimates. Alibaba Cloud sales beat with accelerating growth rate of 18%, but EBITDA and the margin fell short of expectation, raising concerns over the outlook weighed by the trade war.
Tencent Touts Enough GPU Stockpile for AI Model Training amid Tightening U.S. Chip CurbsTencent will first use GPUs "for the applications that will generate immediate returns for us", and the training of LLMs is the company's second priority, Martin Lau said. He said software optimization and other ways can help Tencent fulfill the expanding and growing inference needs.
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