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Artificial Intelligence: Two Sides of the Same Coin

人工智能:一枚硬币的两面

2026-02-13 浏览


Chinese mainland tech companies unveiled new AI-related models this week as government authorities continued to push the industry toward national self-sufficiency in technology. But the AI industry globally is also stoking investor concerns about disruptions it may cause across other sectors.

In Hong Kong on Thursday, shares in mainland tech company Zhipu AI, which trades at Knowledge Atlas Technology, surged 26 percent after the Beijing-based company released its GLM-5 open-source large-language model with enhanced coding capabilities that the company claims approach Anthropic's Claude Opus 4.5. Shares in Shanghai-based MiniMax surged 15 percent after the company launched its M2.5 open-source model on its overseas website. In other developments, Alibaba affiliate Ant released its open-source AI model Ming-Flash-Omni 2.0, Baidu launched an AI-driven rival to Wikipedia called BaiduWiki, and ByteDance caused an industry sensation with the launch of its next-generation AI video model Seedance 2.0.

However, new developments couldn't stanch fears related to AI applications. The Hang Seng Tech Index in Hong Kong lost 1.65 percent on Thursday, triggered by the Chinese market regulator summoning 12 major online platforms, including Trip.com, Meituan, JD.com, Didi and Tencent, for talks over irregularities in online train tickets sales ahead of next week's Chinese Lunar New Year. The summons was triggered by public complaints over add-on charges and booking practices. Shares in tech giants Alibaba, JD, Tencent, Meituan, Baidu and NetEase all fell.

In New York, major Wall Street indexes slumped, with the tech-heavy Nasdaq tumbling 2 percent as concerns about the disruptive side-effects of the super-costly artificial intelligence buildup spread from software, wealth management and legal services to real estate, logistics and other industries. Major tech companies in the US have pledged to spend US$700 billion this year building AI data centers and other infrastructure.
 
来源: Shanghai Daily  



Anbang Reportedly Poised to Sell Iconic Waldorf Astoria

报道称安邦准备出售标志性的华尔道夫酒店

2026-02-13 浏览


Chinese reinsurance firm Anbang Insurance, owner of the luxury Waldorf Astoria Hotel in New York City, plans to put the Art Deco landmark up for sale after a multimillion-dollar, eight-year refurbishing, the Wall Street Journal reported. The 47-story hotel, completed in 1931, has a history oozing glamour. The hotel has hosted an array of elite visitors over the years, including world leaders, royalty and movie stars. It was home at times to residents that included Marilyn Monroe, Frank Sinatra, songwriter Cole Porter, former US President Herbert Hoover and gangster Bugsy Siegel. Among the many stories associated with the hotel, it's said Fidel Castro once walked into the lobby with several live chickens because he wanted freshly cooked meat. Anbang Insurance bought the iconic site from Hilton Worldwide in 2014 for US$1.95 billion – the world's most expensive hotel purchase at the time.  
来源: Shanghai Daily  



Lenovo Posts Profit Decline, Revenue Rise

联想利润下滑,但营收增长

2026-02-13 浏览


Lenovo China's Lenovo Group, the world's largest maker of computers, reported a 21 percent drop in profit to US$546 million for its fiscal third quarter ended December 31. Revenue rose 18 percent from a year earlier to a quarterly record of US$22.2 billion. The results included a one-time US$285 million restructuring charge. Lenovo designs, manufactures and markets consumer electronics, personal computers, software and services. It warned about mounting pressure on PC shipments amid a worsening memory-chip shortage. Lenovo Chief Executive Yang Yuanqing told Reuters that the company has had to raise prices to cover accelerating chip costs. Originally called Legend, the company burst on the international scene after the 2005 merger with IBM's PC business. It went on to acquire German electronics firm Medion, Brazil's Digibras and Motorola Mobility.  
来源: Shanghai Daily  



China Successfully Tests Rocket for Lunar Mission

中国成功测试用于登月任务的火箭

2026-02-12 浏览


China conducted a major flight test of a new heavy-lift rocket and spacecraft designed for future crewed lunar missions, marking a major step forward in its moon exploration program. A prototype of the Mengzhou spacecraft, mounted atop a Long March 10 rocket, lifted off from the Wenchang Space Launch Center in Hainan Province on Wednesday. The mission carried out China's first spacecraft escape test under maximum aerodynamic pressure, known as Max-Q. The return capsule separated from the booster and was pulled away by its escape system before descending by parachute into the South China Sea. The China Manned Space Agency said the mission marked several firsts, including the rocket's maiden flight test and the first sea recovery of both a crewed spacecraft-return capsule and a reusable first-stage booster.  
来源: Shanghai Daily  



Exodus of Co-Founders From XAI

XAI 多名联合创始人相继离职

2026-02-12 浏览


Elon Musk's xAI is suffering an exodus of top officials, Reuters reported. The latest to leave are co-founders Tony Wu and Jimmy Ba, three years after they helped the startup of the platform. Their departures leave xAI with half its original 12 co-founders. The Financial Times cited internal tensions at the company. Musk said on Wednesday that xAI has laid off some employees as part of a broader reorganization, which "unfortunately required parting ways with some people." SpaceX is in the process of merging with xAI to create a US$1.25 trillion company poised to go public.  
来源: Shanghai Daily  



Dutch Court Leaves Wingtech-Nexperia Dispute Unresolved

荷兰法院未能解决闻泰科技与安世半导体的争端

2026-02-12 浏览


A Dutch court ordered further investigation into claims of mismanagement at chipmaker Nexperia, dealing a blow to Chinese parent Wingtech by allowing a Dutch-appointed administration to stay in place, Reuters reported. The decision leaves the long-running dispute between Nexperia and Wingtech over corporate governance unresolved. Dutch authorities took control of Nexperia last year in an action spurred by a new US ban on subsidiaries of blacklisted companies like Wingtech. The Chinese chip-packaging arm is seeking to replace European-made wafers with domestic Chinese alternatives.  
来源: Shanghai Daily  



Trump Threatens to Block Opening of New US-Canada Bridge

特朗普威胁阻止新的美加大桥通车

2026-02-11 浏览


In his latest vendetta against Canada, President Donald Trump is threatening to block the opening of a new Detroit River bridge connecting Ontario province with the US state of Michigan. Trump said the span won't open until Ottawa "treats the US with fairness and respect." The US$4.6-billion Gordie Howe International Bridge, named after the Canadian hockey legend who played for the Detroit Red Wings, was financed by Canada but will be jointly owned by Canada and Michigan. Trump also berated the Canadian government for taking advantage of the US. He has been belittling the northern neighbor on trade and political fronts since taking office last year, even suggesting that Canada become the 51st US state.

Separately, the 2026 Munich Security Report said Trump is a prominent "demolition" man in an era of "wrecking-ball politics," putting decades of international stability and order under unprecedented strain. The report cites his systematic dismantling of longstanding alliances and norms. It was issued ahead of the annual Munich Security Conference, where US Vice President JD Vance shocked attendees last year with a speech lambasting European leaders.
 
来源: Shanghai Daily  



For Health Advice, Choose a Doctor Over a Chatbot

健康建议应选择医生,而不是聊天机器人

2026-02-11 浏览


The push by artificial intelligence into medicine is raising concerns from doctors, Reuters reported in a series on the trend. It reported examples where chatbots available on mobile apps have given consumer faulty information on serious diseases and medical conditions. A study published this month in Nature Medicine said turning to AI for advice on medical symptoms doesn't necessarily help people make better health decisions. In a survey by researchers at Oxford University that looked at diagnoses provided by app devices, only about 44 percent pointed to the correct courses of action. Their advice: stick with health professionals. The Reuters series also cited cases where AI added to medical devices used in operating theaters led to botched surgeries and misidentified body parts. It said at least 10 patients were reported injured between 2021 and 2025.  
来源: Shanghai Daily  



Alibaba, ByteDance Target Google's Nano Banana

阿里巴巴与字节跳动瞄准谷歌的人工智能模型 “Nano Banana”

2026-02-11 浏览


Alibaba Cloud and ByteDance released updated imaging tools targeting the popular Nano Banana Pro image editor from Alphabet's Google, the South China Morning Post reported. TikTok owner ByteDance said its Seedream 5.0 image model offers stronger reasoning capabilities, improved accuracy and enhanced editing control. "Think Nano Banana Pro, but much cheaper," the company said in a post. The new model comes on the heels of ByteDance unveiling its new video model Seedance 2.0, which became a sensation online.

Alibaba Cloud said its new Qwen-Image-2.0 is its first model to integrate image generation and editing functions for a streamlined user experience, and beats Nano Banana in rendering Chinese characters. Separately, Alibaba moved further into robotics with the Tuesday launch of artificial intelligence model RynnBrain, designed as a robotic brain. A video accompanying the announcement showed a robot identifying a piece of fruit and putting it in a basket.
 
来源: Shanghai Daily  



Tech Stocks Keep Fueling Global Rallies

科技股持续推动全球市场上涨

2026-02-10 浏览


Japan's Nikkei 225 index surged 3.89 percent to a record after Prime Minister Sanae Takaichi's Liberal Democratic Party won a landslide in parliamentary elections. But it was technology, not politics, feeding a wave of global rallies that began in Asia and extended through to New York on Monday. The strong gains came despite some lingering investor concerns about the unprecedented US$600 billion major AI companies have committed to capital spending this year.

In New York, strong gains by chipmakers Nvidia and AMD helped lift the tech-heavy Nasdaq to a 1 percent gain. Nvidia closed up 2.5 percent and AMD rose 3.3 percent. Morgan Stanley equity strategist Michael Wilson said US technology stocks still have room to grow, thanks to revenue growth expectations for the biggest tech stocks that have reached "multi-decade highs." The Stoxx600 index in Europe rose 0.7 percent.

Earlier in Asia, Chinese and South Korean stocks posted strong gains. South Korea's Kospi surged 4 percent, led by the nation's two biggest chipmakers. SK Hynix rose 5.7 percent and Samsung Electronics gained nearly 5 percent. The Hang Seng Tech sub-index in Hong Kong rose 1.3 percent, with mainland tech companies Alibaba rising 1.9 percent, Tencent up 2.3 percent, Baidu adding 3.2 percent and Semiconductor Manufacturing surging 4.7 percent. The Shanghai Composite Index rose 1.4 percent, with chipmakers Cambricon up 4.8 percent and MetaX gaining 3.8 percent. Mainland shares were given a boost by tech giant ByteDance rolling out Seedance 2.0, a new generation model that can cinematic, multi-camera videos from text in under a minute.
 
来源: Shanghai Daily  



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