To The Moon

TMTPOST -- Recent report showcased Apple Inc. may find more local partners to bring Apple Intelligence, its advanced personal artificial intelligence (AI) system, to iPhone in China. Credit：Apple Apple is discussing with Zhipu AI about deployment of the Beijing-based unicorn’s large model into iPhones sold in China, Chinese news media outlet Yicai learned. Zhipu, an AI startup originating from Tsinghua University's Computer Science Department, was founded in 2019. Zhipu in August has launched its large video generation model product, known as Ying, providing Chinese equivalents of OpenAI's Sora. The startup rolled out a new AI agent called AutoGLM in late October, coinciding with the October 28 release of Apple's AI assistant, creating significant buzz in the AI tech community. If Yicai’s

TMTPOST --  Novo Nordisk A/S shares plummeted as much as 27%, wiping up to $125 billion off in the market value, and settled 20.8% lower on Friday. Shares registered their worst day since listing in 2002 after the Danish drugmaker released disappointing trail results for its experimental weight-loss drug CagriSema. AI Generated Image Novo Nordisk announced headline results from a REDEFINE 1, a large phase 3 trial of a 68-week efficacy and safety investigating subcutaneous CagriSema, a fixed dose combination of cagrilintide 2.4 mg and semaglutide 2.4 mg, compared to the individual components cagrilintide 2.4 mg, semaglutide 2.4 mg and placebo, all administered once-weekly. CagriSema is a combination of semaglutide—the medicine sold under the brand names Ozempic and Wegovy—and cagr

TMTPOST -- Alibaba Group, the Chinese e-commerce and technology giant, is grappling with one of its most significant financial setbacks in recent years. Nearly all of its major investments in recent years have spiraled into massive losses, raising questions about its strategy of diversifying into sectors far beyond its e-commerce and cloud computing core. In fact, the company’s sprawling investment portfolio, which includes high-profile acquisitions across various industries, is now being derided as a cautionary tale — with many insiders dubbing the company’s ventures as "traffic vampires," suggesting that Alibaba’s attempts to expand into new sectors are often marked by aggressive acquisition strategies that drain value from their targets rather than generate significant returns. Fro

AsianFin -- Apple is in talks with tech giant Tencent and ByteDance, the Chinese parent company of TikTok, flirting with the idea of integrating a Chinese firm’ artificial intelligence models into iPhones sold in China, according to three sources familiar with the matter. This month, Apple began rolling out OpenAI's ChatGPT on its devices as part of its Apple Intelligence product, allowing Siri to access the chatbot’s capabilities for user queries related to photos, documents, and presentations. However, ChatGPT is not available in China due to the country's strict regulatory requirements, which mandate government approval for generative AI services before they can be publicly released. As a result, Apple is looking to localize its AI features by partnering with local companies at a t

TMTPOST -- Micron Technology Inc. Shares finished 16.2% lower on Thursday, clocking their biggest daily loss since March 2020. Shares plunged after the memory chip leader posted disappointing guidance for the current quarter despite artificial intelligence (AI)-driven booming demand. Micron Technology said revenue for its first quarter of fiscal year 2025 ended November 28 rose 84.3% year-over-year (YoY) to $8.71 billion, in line with the Wall Street projection. On GAAP basis, net income was $1.87 billion,compared with a loss of $1.23 billion a year ago. The net income beat estimated $1.83 billion with a quarter-over-quarter (QoQ) gain of 52%. On non-GAAP basis, adjusted diluted earnings per share (EPS) of $1.79 topped analysts expected $1.77, reversing a loss of $0.95 the same quarter of

TMTPOST --  U.S. graphite producers are seeking Washington to impose hefty tariffs on Chinese imports of the crucial material used in electric vehicle (EV) batteries. Credit：Xinhua News Agency A trade association representing U.S. graphite producers submitted petitions to two federal agencies after business hours on Tuesday, asking for probe into whether Chinese companies are violating anti-dumping laws, a Bloomberg report cited relevant documents.   The industry group is aiming to trigger punitive tariffs of up to 920% on Chinese graphite in retaliation, according to the report. It reportedly argued China’s massive state subsidies are artificially lowering prices and making it impossible for their companies to compete. The move marks an early sign of potential high-stakes d

TMTPOST --  The Chinese government pledged to defend domestic companies after the Biden administration was reported to mull banning a Chinese router maker on national security concerns. “China will take resolute measures to firmly safeguard the legitimate and lawful rights and interests of Chinese companies,” said Lin Jian, a spokesperson of the Ministry of Foreign Affairs, on a regular press on Thursday. Lin made the remark when requested to comment on a recent report about a possible U.S. ban targeting a Chinese router manufacturer TP-Link. Lin said China opposes Washington’s overstretching the concept of national security and its discriminatory practices targeting particular countries and companies. Earlier Thursday, the Ministry of Commerce of China echoed the opposition to t

TMTPOST --  The Chinese government pledged to defend domestic companies after the Biden administration was reported to mull banning a Chinese router maker on national security concerns. “China will take resolute measures to firmly safeguard the legitimate and lawful rights and interests of Chinese companies,” said Lin Jian, a spokesperson of the Ministry of Foreign Affairs, on a regular press on Thursday. Lin made the remark when requested to comment on a recent report about a possible U.S. ban targeting a Chinese router manufacturer TP-Link. Lin said China opposes Washington’s overstretching the concept of national security and its discriminatory practices targeting particular countries and companies. Earlier Thursday, the Ministry of Commerce of China echoed the opposition to t

TMTPOST -- In 2024, artificial intelligence (AI) has become the latest buzzword in nearly every industry, driving innovation and fueling sales. The smartphone sector, which experienced a trough in the previous year, is now bouncing back, thanks in part to AI’s integration into phones and a release of pent-up demand from consumers who had postponed upgrading their devices during the pandemic. Despite some skepticism about the sustainability of this growth, many experts believe that the smartphone market’s revival is real. Some argue that the resurgence is based on the low comparison base of 2023 rather than any substantial demand. However, whether it's driven by a new cycle of device replacements, government policies, or increased brand marketing efforts, the industry is undeniabl

TMTPOST -- In 2024, artificial intelligence (AI) has become the latest buzzword in nearly every industry, driving innovation and fueling sales. The smartphone sector, which experienced a trough in the previous year, is now bouncing back, thanks in part to AI’s integration into phones and a release of pent-up demand from consumers who had postponed upgrading their devices during the pandemic. Despite some skepticism about the sustainability of this growth, many experts believe that the smartphone market’s revival is real. Some argue that the resurgence is based on the low comparison base of 2023 rather than any substantial demand. However, whether it's driven by a new cycle of device replacements, government policies, or increased brand marketing efforts, the industry is undeniabl