The Asia Trade 7/17/25
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney with Paul Allen and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
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22 minutes ago
- Yahoo
Huawei shows off AI computing system to rival Nvidia's top product
SHANGHAI (Reuters) -China's Huawei Technologies showed off an AI computing system on Saturday that one industry expert has said rivals Nvidia's most advanced offering, as the Chinese technology giant seeks to capture market share in the country's growing artificial intelligence sector. The CloudMatrix 384 system made its first public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai where companies showcase their latest AI innovations, drawing a large crowd to the company's booth. The system has drawn close attention from the global AI community since Huawei first announced it in April. Industry analysts view it as a direct competitor to Nvidia's GB200 NVL72, the U.S. chipmaker's most advanced system-level product currently available in the market. Dylan Patel, founder of semiconductor research group SemiAnalysis, said in an April article that Huawei now had AI system capabilities that could beat Nvidia. Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system. A spokesperson for Huawei did not respond to questions. Huawei has become widely regarded as China's most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions. Nvidia CEO Jensen Huang told Bloomberg in May that Huawei had been "moving quite fast" and named the CloudMatrix as an example. The CloudMatrix 384 incorporates 384 of Huawei's latest 910C chips and outperforms Nvidia's GB200 NVL72 on some metrics, which uses 72 B200 chips, according to SemiAnalysis. The performance stems from Huawei's system design capabilities, which compensate for weaker individual chip performance through the use of more chips and system-level innovations, SemiAnalysis said. Huawei says the system uses "supernode" architecture that allows the chips to interconnect at super-high speeds and in June, Huawei Cloud CEO Zhang Pingan said the CloudMatrix 384 system was operational on Huawei's cloud platform.
Gizmodo
24 minutes ago
- Gizmodo
China's Smart Glasses Are Once Again Going All the Way Off
There are officially too many wild pairs of smart glasses coming out of China to keep track of. First, it was Xiaomi with its Ray-Ban-stomping pair of glasses that can record 45 minutes of consecutive video and boast an 8.5-hour battery life. Then, just last week, a company called Wigain announced a breakthrough in making mass-producible smart glasses with optical waveguide lenses. Those, I might add, also feel very Meta-killing. Now, it's Alibaba's turn, or it's about to be if rumors are to be believed. According to unconfirmed reports from the XR Research Institute, which is also connected to rumors surrounding the third-gen version of Meta's Ray-Bans, Alibaba could release its first pair of self-made smart glasses very soon, and they could be—similar to the aforementioned glasses—far more advanced than what Meta offers in the U.S. While I'm normally more skeptical of unconfirmed rumors like this, there's already supporting evidence on Reddit percolating out of the World Artificial Intelligence Conference (WAIC) in Shanghai. Pictures, which surfaced on Friday, show a huge promotional pair of smart glasses hovering over a section of the conference for Tmall Genie. If you're not familiar, Tmall Genie is an Alibaba-owned brand, and rumors suggest that the glasses will allegedly launch under that banner. And on top of those clues, there's also the fact that Alibaba already has one toe in the smart glasses world with software. First look at the Alibaba smartglasses with binocular display! byu/AR_MR_XR inaugmentedrealityXiaomi has already partnered with Alibaba on a payment feature for its new AI smart glasses and has collaborated with AR glasses company RayNeo, so, given those ties, Alibaba seems like an obvious player in the space. If rumors are accurate, its product may be more advanced than Meta's Ray-Bans in a couple of key ways. For one, Alibaba may offer a pair of glasses with an actual display on them, which is something that Meta has yet to do. That will likely be the game-changing factor for most people on the fence about smart glasses who don't find them quite 'smart' enough to warrant spending money on a pair. On that same note, XR Research Institute suggests that Alibaba's glasses will include optical waveguide lenses that make passthrough on AR glasses sharper and clearer—aspects that early startups in the AR glasses space have struggled with. Even without knowing or confirming the rest of the smart glasses' specs or features, those things alone would be enough for Alibaba-made glasses to blow past Meta Ray-Bans, which are arguably the most popular brand of smart glasses in the U.S. It's once again proof that China is cooking on smart glasses and probably evidence that we can expect a lot more from China-based brands on that front. I'm curious whether any of those technological advances trickle over into the U.S. market as a result. My fingers are crossed, because as much as I use Meta's Ray-Bans, it's about time Meta takes a big step forward into the world of on-lens displays.
Yahoo
an hour ago
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Lufax Holding (LU) Up on 4th Day After NPL Sale Strategy
We recently published . Lufax Holding Ltd. (NYSE:LU) is one of the best-performing stocks on Thursday. Lufax Holdings extended its winning streak to a fourth straight day on Thursday, jumping 5.68 percent to close at $3.35 apiece as investor sentiment was bolstered by the company's asset sale strategy to rid itself of non-performing loans. Earlier this week, Lufax Holding Ltd. (NYSE:LU), through its subsidiary Ping An Consumer Finance, entered into an asset transfer agreement with Shenzhen China Merchants Ping An Asset Management for the sale of 469 million yuan worth of non-performing debts for a consideration of 36.44 million yuan. The transfer of claims will effectively reduce the credit risk for Lufax Holding Ltd. (NYSE:LU), which announced earlier this year that it was able to narrow its total outstanding loans by 18 percent to 193.4 billion yuan from 235.2 billion yuan previously. Lufax Holding Ltd. (NYSE:LU) is a dual-listed financial services company based in China, whose trading remains suspended on the Hong Kong Stock Exchange pending regulatory issues. While we acknowledge the potential of LU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
