Artificial intelligence could eliminate 60-70 per cent of manual operational tasks in banks' risk functions, allowing lenders to redirect resources towards deeper risk analysis, strategic decision-making and AI development, according to a report by McKinsey.
Read full articleTV viewers are said to be suffering with 'streaming overload' - with millions calling for a 'return to simpler times'
Read moreTwo mainland Chinese chip suppliers made sharply divergent trading debuts in Hong Kong on Tuesday after raising a combined HK$2.2 billion (US$280 million), underscoring investors’ selective appetite for semiconductor stocks despite a pickup in new listings. Suzhou Denglin Technology, the week’s largest listing, fell by as much as 8.6 per cent in morning trade after raising HK$1.4 billion in its initial public offering (IPO). The graphics processing unit maker priced its shares at HK$231 – the...
Read moreNvidia CEO Jensen Huang reportedly hired crisis communications firm Heller Inc a year before acknowledging an affair with a former Megaspeed executive suspected of links to Chinese intelligence.
Read moreWuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists. The US deputy secretary of defence decided to delist WuXi AppTec from its list of “Chinese military companies”, according to a notice published on the Federal Register on Tuesday. WuXi AppTec surged more than 6 per cent at the open in Hong...
Read morePrices for Nvidia graphics processing units (GPUs) are falling in China’s largest electronics market, as traders shrug off the frenzy of market speculation over tightening export controls in the wake of the US midterm elections and the Jensen Huang affair. The US chip giant’s top-of-the-range GeForce RTX 5090 graphics card surged in price last month at Shenzhen’s Huaqiangbei market, but that was mostly driven by rumours that Nvidia was going to halt production to focus on high-end enterprise...
Read moreThe US president said he spoke with Jensen Huang on Monday and asked him about the affair with the alleged spy.
Read moreOPENAI-CYBERSECURITY-AUSTRALIA:Australia to mandate AI breach reporting, create regulator after OpenAI breach
Read moreThe Australian airline said the move was aimed at modernising its IT systems and noted the impact of AI.
Read moreThe sprawling bill, which has divided Democrats, would overhaul major environmental laws to streamline the permitting process.
Read moreIt’s the first drop in planet-warming pollution since the pandemic in 2020. But researchers cautioned that the decline could be short-lived.
Read moreFor Sunny He, a 32-year-old Shanghai resident, this year’s Singles’ Day shopping season culminated in a single, high-value purchase: a 12,000-yuan (US$1,797) iPhone 18 Pro Max, sweetened by a 300-yuan voucher on Alibaba Group Holding’s Tmall marketplace. “For me, Double 11 definitely isn’t as lively as before because I have less spare cash than in previous years,” He said. “Even so, I’ll take advantage of this chance for products that I couldn’t bear to buy at full price, like a new...
Read moreA tug-of-war between China and the US could have a big impact on energy costs, but who will win?
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