Breakthroughs in cheap Chinese open-weight artificial intelligence models have spooked US investors, but analysts argue plummeting model costs will benefit the AI industry in the long run by supercharging global demand for AI systems.
Companies across the AI industry have slashed prices in recent weeks, with large-language model (LLM) inference prices per million tokens falling from above US$2 at the start
A fire has broken out at a flat in a Hong Kong housing estate, resulting in at least 12 people feeling unwell from the effects of smoke and residents fleeing to the rooftop for safety.
The blaze erupted at Begonia Mansion in Taikoo Shing’s Harbour View Gardens on Sunday afternoon, with smoke pouring from a flat.
Police received multiple emergency calls at 2.5
Just outside the Nigerian capital Abuja, where Green Agriculture West Africa Limited (Gawal) is based, locals do not refer to the company by name, instead as the place where the Chinese supply “magic” rice seeds.
Ahmed Yusuf, 42, credits the seeds with turning around his rice business for good. Before Gawal, Yusuf’s yields averaged just 2 tonnes per hectare, putting him on the verge of forsaking farming after more than a decade of toiling.
“Each year I was making losses, and
A 1991 black-and-white portrait photograph has become an iconic symbol of impoverished Chinese students’ yearning for knowledge, profoundly altering the life of its subject.
The photograph, titled “I Want to Go to School,” captures a poignant moment of an eight-year-old Primary One girl studying at a rural school in central China’s Anhui province. Her bright eyes gaze ahead, radiating an insatiable thirst for learning.
Affectionately known as “Big Eyes,” the picture was taken by
The Mecca deal may emerge as a third geopolitical ‘centre of gravity’ in the Middle East, with more members joining, analysts say
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Restaurateur Ken Chu Ka-chun recorded a 20 per cent boost in business at one of his restaurants at Kai Tak Sports Park over the past month, thanks to pet owners dining in under a government scheme allowing dogs into nearly 1,000 Hong Kong establishments since July 9.
“We saw more dog owners coming in because people frequently walk their dogs around here,” said Chu, owner of Asura group, which has two restaurants with pet-friendly licences.
The restaurant has separate seating areas for diners
Visitors to major events in Hong Kong have spent HK$5.8 billion (US$739 million) during in the first half of the year, averaging HK$3,314 per head, the city’s finance chief has said.
In his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said about 1.75 million visitors were drawn to more than 130 events between January and June, generating around HK$5.8 billion in spending and contributing
Hong Kong has recorded the highest temperature since records began in 1884 on Sunday afternoon under the impact of Severe Typhoon Dolphin.
According to the Hong Kong Observatory, the outer subsiding air associated with Dolphin brought generally fine and extremely hot weather to Guangdong province.
By 1.30pm, the maximum temperature at the Observatory reached 36.8 degrees Celsius (
