Tech Companies
China's GPU leaders Cambricon and MetaX reported strong first-quarter results driven by demand for local AI chips. Cambricon's revenue jumped 160 per cent year-on-year to 2.89 billion yuan (US$423 million), with profit soaring 185 per cent to 1 billion yuan. The Beijing-based firm attributed the growth to a 'sustained surge in the AI industry’s computing power demand'.
Iniulat ng AI
The EU has reaffirmed its regulations for tech companies despite threats from the US. The US government criticizes the rules as discriminatory and names German firms like DHL and Siemens as potential retaliation targets. EU spokespeople stress fair application to all companies.