Here's what's happening. What they realized is that the AI scaling race is not a chip race. It's a full stack systems code race where if you can't compete head-to-head on chips for now, what do you do.You compete on systems design. You say, "Okay, we don't have leading edge chips here yet. So, let's try to compete on systems." The code design, the chip that you have might be Huawei with the compute infrastructure with the training run. And then you design that to have a bunch of performance improvements at ...

The CCP is extraordinary. Here's what's happening. What they realized is that the AI scaling race is not a chip race.It's a full stack systems core design race where if you can't compete head-to-head on chips for now, what do you do. You compete on systems design. You say, "Okay, we don't have leading edge chips here yet. So, let's try to compete on systems." The codeesign the chip that you have might be Huawei with the compute infrastructure with the training run.And then you design that to have a bunch of ...

RT Mehdi (e/λ) (@BetterCallMedhi)this is exactly why I moved back to china and I genuinely think most people reading this from the west have no idea what it actually feels like to build herethe thing about shenzhen that changed everything for me is the access, makerspaces everywhere open to anyone, components available in any quantity at any hour, hardware meetups and deeptech demo nights happening every single day where founders show up with actual physical prototypes & get torn apart by engineers who’ve b ...

Energy Storage Boom Propels Former Huawei Executive Into Billionaire Ranks https://t.co/yfbiqmW54f (Photo: Michael Nguyen/NurPhoto via Getty Images) https://t.co/32FDQoeyTT ...

RT Shain Noor (@shaincodes)I asked @cfosilvia to look at my portfolio and what's happening in the world right now, and set up Radars for me.She came back with 7. Here's what she recommended and why:1 (Iran/Oil):Radar: Monitor Iran-Middle East ceasefire developments, Strait of Hormuz status, and oil price movements. Alert me to any diplomatic breakthroughs or escalations that could materially move oil prices and equity markets.Why: Oil dropped roughly 13–15% in a day after the Iran ceasefire, with Brent slid ...

Most Blackwell chips are made in Taiwan.Given the new U.S. global security posture, on top of the identical ethnicity of leaders in Taiwan and China, Taiwan vs. China is a distinction that makes increasingly less of a difference. Taiwan's Blackwells are China's Blackwells.Teortaxes▶️ (DeepSeek 推特🐋铁粉 2023 – ∞) (@teortaxesTex):My guess: just like with previous slander about DeepSeek&smuggling, nothing will come out of it. If they have Blackwells, they'll use them in a discreet manner, for inference or experim ...

There's a news hook for today and it involves Alibaba, which is why the share price is up almost 5% after uh and also helping Chinese tech across the board after the company launched a data center in southern China. Okay, not huge news, but it's powered by 10,000 of its own AI chips. And to your point, no Nvidia anywhere in the picture, and that's not an isolated move.So, Deep Seek is a Chinese AI startup. It's about to release its next model V4. And it's going to run entirely on Huawei's Ascend chips.Accor ...

🇨🇳 LATEST: DeepSeek confirms V4 models will run entirely on Chinese silicon using Huawei chips amid US export restrictions, per The Information. https://t.co/QzuKGNd2Qa ...

Financial Data and Key Metrics Changes - Cheche Group achieved adjusted net income of RMB 11.6 million or $1.7 million for the full year 2025, a significant improvement from an adjusted net loss of RMB 24.8 million in the prior year, marking a swing of over RMB 35 million [5] - Total written premiums increased by 11% year-over-year to RMB 27 billion or $3.9 billion for the full year 2025 [14] - Net revenues for the full year 2025 were RMB 3.0 billion or $430.4 million, a decrease of 13.3% year-over-year, primarily due to the higher proportion of NEV premiums [16] Business Line Data and Key Metrics Changes - NEV premiums represented 24.1% of total written premiums in the second half of 2025, up from 17.2% in the prior year period, and 23.4% for the full year 2025, up from 13.6% in the prior year [15] - The total number of policies issued grew from 17.3 million to 20.3 million for the full year 2025 [14] Market Data and Key Metrics Changes - Cheche's partnerships with 16 NEV manufacturers generated 1.2 million embedded policies and RMB 3.7 billion in written premiums in the second half of 2025, representing year-over-year growth of 61.8% and 63.9% respectively [15] - Chinese automakers are exporting over 8 million vehicles annually, creating a demand for intelligent data-driven insurance and financial services [12] Company Strategy and Development Direction - The company is transitioning from a transactional insurance platform to an AI-powered intelligent insurance ecosystem, focusing on enhancing operational capabilities through AI [4][10] - Cheche aims to deepen existing partnerships with NEV manufacturers and expand into international markets, leveraging its digital insurance and financial technology capabilities [11][12] Management's Comments on Operating Environment and Future Outlook - Management highlighted the resilience of the business model despite fee rate compression and expressed confidence in the trajectory of the business moving into 2026 [4][13] - The company anticipates a significant increase in NEV premiums for 2026, projecting growth between 66.7% and 90.5% year-over-year [29] Other Important Information - The company reported RMB 160.8 million or $24.4 million in cash equivalents as of December 31, 2025 [22] - Cheche expects adjusted net income to multiply several folds compared to the full year of 2025 [23] Q&A Session Summary Question: What will drive strong adoption of NEV premiums? - Management emphasized the integration of AI across workflows to enhance efficiency and the use of AI tools to extend capabilities across the insurance value chain [30][31] Question: Can you explain your fintech solutions for international expansion? - Management described strategic partnerships with automotive brands to support Chinese automakers in their overseas expansion, leveraging digital insurance capabilities [32][33] Question: How is AI being leveraged to reduce operating costs? - Management acknowledged the internal use of AI to support operations but did not provide specific details in the response [45]

Financial Data and Key Metrics Changes - Cheche Group achieved adjusted net income of RMB 11.6 million or $1.7 million for the full year 2025, a significant improvement from an adjusted net loss of RMB 24.8 million in the prior year, marking a swing of over RMB 35 million [5][21] - Total written premiums increased by 11% year-over-year to RMB 27 billion or $3.9 billion for the full year 2025, with a total of 20.3 million policies issued, up from 17.3 million in the prior year [14][15] - The company reported a net revenue of RMB 3.0 billion or $430.4 million for the full year 2025, a decrease of 13.3% year-over-year, attributed to a higher proportion of NEV premiums [16] Business Line Data and Key Metrics Changes - NEV premiums represented 24.1% of total written premiums in the second half of 2025, up from 17.2% in the prior year period, indicating a shift towards higher margin business [15][16] - The number of NEV-embedded policies reached 2.0 million for the full year 2025, with corresponding premiums growing 91.0% to RMB 6.3 billion [15] Market Data and Key Metrics Changes - The company has established partnerships with 16 NEV manufacturers, generating significant growth in embedded policies and premiums [15] - Cheche Group is expanding its international presence, particularly in Asia and Latin America, leveraging its digital insurance and financial technology capabilities [12][33] Company Strategy and Development Direction - The company is transitioning from a transactional insurance platform to an AI-powered intelligent insurance ecosystem, focusing on enhancing operational capabilities through AI [4][6] - Cheche Group aims to deepen relationships with existing partners and expand its offerings within the NEV market, moving towards dynamic risk management [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of the business, anticipating significant growth in NEV premiums and adjusted net income for 2026 [22] - The company is focused on cost management and operational efficiency, with total operating expenses decreasing by 19.6% for the full year 2025 [19] Other Important Information - The company reported RMB 160.8 million or $24.4 million in cash equivalents as of December 31, 2025, indicating a solid financial position [22] - Cheche Group plans to announce advancements in AI-driven auto pricing capabilities, which are expected to expand its addressable market [11] Q&A Session Summary Question: What will drive strong adoption of NEV premiums in 2026? - Management highlighted the integration of AI across workflows and the use of driving behavior data to enhance pricing, risk management, and fraud detection [30][32] Question: Can you explain your fintech solutions for international expansion? - The company has formed strategic partnerships with automotive brands and is leveraging its digital insurance capabilities to support Chinese automakers in their global expansion [33]