TECH NEWS

Chinese Government Reviews AI Models to Ensure Alignment with Socialist Values

Key Points: China's CAC reviews AI models to ensure they align with "core socialist values." The review includes major tech companies and small startups, focusing on responses to politically sensitive topics. Companies must filter training data and create databases of sensitive words, leading to challenges in development. Regulations and U.S. sanctions have hindered Chinese firms' ability to launch ChatGPT-like services despite China's dominance in generative AI patents. According to a report by the Financial Times, AI companies in China are currently undergoing a rigorous review process by the Cyberspace Administration of China (CAC) to ensure their large language models (LLMs)...

Latest TECH NEWS

EU Car Sales Rise to Highest Since 2019, Registrations of Battery Electric Cars Saw Decline

Key Points: New car sales in the EU rose 4.3% in June, the highest since July 2019. Registrations of battery electric cars fell marginally despite significant increases in Belgium and Italy. Sales of hybrid-electric cars grew by 26.4%. EVs accounted for 50% of new passenger car registrations, up from 47.5% a year earlier. Volkswagen, Stellantis, and Renault saw growth in car registrations. Germany's early end...

BMO Capital Markets Raises Stock Price Target for Alphabet Amid Optimism for AI-Driven Growth

Key Points: BMO Capital Markets raises Alphabet's stock price target from $215 to $222. Alphabet's Search share increased by 310 basis points globally. Effective AI capabilities are driving growth in Search and YouTube businesses. Analysts predict a 20-40 basis points increase in YouTube revenue for 2024, with potential further gains if TikTok ad spending decreases. Google Cloud is expected to grow by 28% in 2024,...

ASML Anticipates Surge in Orders Amid Booming AI Chip Demand

Key Points ASML is anticipated to report a significant influx of new orders driven by booming AI chip demand. Continued heavy purchasing by Chinese firms of older chip-making equipment remains a key focus. Analysts predict ASML may upgrade its guidance due to increased equipment purchases by major chipmakers like TSMC. ASML's dominance in EUV lithography systems is crucial for producing advanced chips used in smartphones...

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