Nvidia's CEO, Jensen Huang, predicts China will lead the AI race, citing streamlined regulations and substantial energy subsidies that benefit Chinese tech companies. He contrasts this with the West's approach, which he views as overly cautious and potentially stifling to innovation. Huang highlighted that Chinese data centres benefit from significant energy subsidies, enabling companies like ByteDance, Alibaba and Tencent to operate their AI technologies more affordably. He also expressed concern over potential regulatory burdens in the United States, which could hinder AI advancement.
Meanwhile, Xpeng Motors has unveiled its next-generation IRON humanoid robot, planning mass production by the end of 2026. The IRON robot features a bionic structure, advanced AI, and all-solid-state batteries for enhanced safety and lightweight design. Xpeng aims to integrate technologies from its EVs into the robot, targeting initial commercial use in customer service roles. The company also released a software development kit (SDK) to foster collaboration and expand the robot's application ecosystem.
In market news, US and European stocks are showing signs of recovery. The recovery follows a recent sell-off, with positive US employment data and strong corporate earnings boosting market sentiment. The Eurozone also saw upward revisions in its S&P composite PMI, indicating the strongest pace of expansion in nearly 2.5 years.
