Tech industry layoffs are continuing. According to Bloomberg, TikTok is conducting another round of job cuts within its U.S. e-commerce unit, TikTok Shop—marking the third round of layoffs for them since April. The company did not respond to inquiries about the number of employees affected, the re...

According to Commercial Times, following the success of DeepSeek-R1 earlier this year, major Chinese tech companies have been actively advancing the development of open-source AI models, driving down the cost of using large models by 60% to 80%. Notably, on June 30, both Baidu and Huawei announced ...

Just a week after launch, Xiaomi’s second EV, the YU7, priced at 253,500 yuan ($35,360) and nearly 4% cheaper than Tesla’s Model Y, racked up 240,000 orders in just 18 hours, Reuters reports. Meanwhile, Commercial Times highlights TSMC as a big winner, since Qualcomm’s Snapdragon 8 Gen 3 and N...

According to a report from Central News Agency, citing Chinese media outlet Calian Press, the management of China Rare Earth Holdings—a listed subsidiary under China Rare Earth Group—has reportedly seen a wave of departures this year. Rumors suggest many executives have been poached by overseas...

Recently, chip giants NVIDIA and Intel have both announced major leadership changes. While NVIDIA strengthens its dominance in AI computing by attracting top talent, Intel is accelerating its strategic transformation toward AI with executive reshuffles. Two AI Experts Join NVIDIA AI scientists...