Hong Kong Slash 10,000 Civil Servant Jobs to Cut Costs
Recently, Reuters reported that Hong Kong aims to bring down its civil services jobs by 10,000 and use AI to combat the rising deficit as the country is currently struggling with weak property markets, geopolitical tensions and economic uncertainty. This has become a common trend in Asian nations to replace
$53 Billion AI Revolution: Alibaba’s Boldest Move Ever
In the latest turn of events, Alibaba Group Holding Ltd. plans to invest more than 380 billion yuan, roughly amounting to $53 billion in the coming 3 years, to develop data centres to fuel its ambition of becoming the leader in AI. Alibaba, the internet giant co-founded by Jack Ma,
DeepSeek: The Chinese AI Model Bringing Revolution
ChatGPT has been regarded as one of the best chatbots to date, but the DeepSeek founder has greatly impacted the global landscape with the launch of an AI model with DeepSeek. Liang Wenfeng founded the company in 2023, and it is becoming popular now. The company launched new models of
2024: The Year of AI & Tech Troubles
The year 2024 marked the year of transformational technological revolutions and notable AI and tech misses. As we kick off 2025, the tech industry will bring more advancements and continue to push the boundaries of innovation. It has become important to learn from the mistakes of the past and funnel
Tech Innovations in Asia That are Redefining Tomorrow
Asia, home to several of the world’s most dynamic economies, has firmly positioned itself as the hub of global technology innovation. From artificial intelligence to robotics and sustainable tech, the continent is home to several trending innovations that secure the future. The latest tech innovations in Asia provide businesses, especially
Alibaba’s AI Model Outperforms DeepSeek R1 AI Model
Asian countries like China are making huge waves in AI amidst the ongoing technological revolution. Recently, DeepSeek, a Chinese company, released its AI model that surpassed ChatGPT’s performance. Now, the e-commerce giant Alibaba has released its own AI model, Qwen 2.5-Max, which the company claims will beat the performance of
China’s AI Model Rival’s American Technology Giants
In the latest turn of events, Chinese startup DeepSeek launched its open-source AI model to rival OpenAI, Google and other US tech giants. Moreover, according to the New York Times, the company utilised significantly fewer specialised computer chips to develop the model than its US counterparts. To build DeepSeek R1,
Predicting Risks, Avoiding Pitfalls: AI’s Role in Redefining Trade Strategies
In 2024, AI has emerged as not just a tool but a necessity for companies and organisations to reduce their expenditure while ensuring unbiased and accurate outputs. More and more companies are using it as a vital tool for predicting potential trade conflicts by analysing huge and unstructured data sets
AI in Banking: Reshaping Finance Services in Asia
Artificial Intelligence, or AI, came into existence in 1956 and has entered every industry to revolutionise it. AI probably affected Asia’s banking sector more than any other industry. The Asian Banking & Finance site shares that 80% of Asian banks currently use Gen AI. With the rise of AI in
5 Popular Tech Books To Learn About The Digital Era
Over the years, technology has greatly transformed everything from businesses to regular lifestyles. Reading tech books can help you understand the transformation technology has brought with it. These books are crucial, especially for businesspeople, because they can gain valuable insights about the current tech trends. We have listed 5 best
