China is likely to overtake the United States in artificial intelligence within a decade because of its faster buildout of the power and data-centre infrastructure that AI relies on, according to a veteran Chinese investor. "It's much easier [for China] to catch up on algorithms and AI models than [for the US] to build up the data centres and power plants [that run AI]," said Allen Zhu Xiaohu, managing director at GSR Ventures, on a recent podcast. "AI competition is really a competition in data centres ...

Taiwan to ban Chinese app RedNote over fraud concerns https://t.co/kCJJGeOt2W ...

Core Insights - Adrian Cheng Chi-kong has become a shareholder in CBCX Group, a London-based multi-asset broker, which offers a trading platform for various financial instruments and is expanding into digital assets [1][2] - The strategic investment is expected to significantly enhance CBCX's growth in the Asia-Pacific region and global markets, although the specific investment amount was not disclosed [2] - The partnership aims to improve financial trading and investment solutions in the gold and foreign exchange sectors, while also fostering collaboration in commodities, stocks, and brokerage services [3] Company Developments - Cheng's focus will be on traditional and virtual gold trading platforms, reflecting his increasing interest in virtual assets [4] - His new venture, ALMAD Group, targets markets in Southeast Asia, the Middle East, and China, aiming to innovate in digital and virtual assets [5] - ALMAD operates a digital-asset arm named A2Z and emphasizes transformative industries, including culture and healthcare [5] Background Context - Cheng previously served as CEO of New World Development, stepping down after the company reported a record full-year loss of approximately US$2.5 billion due to a property slump in Hong Kong and mainland China [6] - Following his resignation, Cheng expressed intentions to focus more on public services and personal commitments [6] - As an early-stage investor, Cheng has made notable investments in various sectors, including social media and electric vehicles [7]