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South China Morning Post
2 hours ago
- South China Morning Post
China's Hermitage Capital bets big on AI as it sees tech shaping the future
One of Asia's top private equity funds is betting big on artificial intelligence and humanoid robots, envisioning a future where AI-powered implants are plugged into human brains, allowing people to experience the world in ways once confined to science fiction. The euphoria surrounding AI will define this decade, according to Sean Xiang Yuqiu, founder of Hermitage Capital . 'It's just like 1995, when the internet era took off and ran for 20 years, giving rise to legendary companies like Yahoo, Amazon and Google,' he said in an interview with the Post recently. Xiang, who has been featured in the latest edition of Fortune China magazine's 40 Chinese business elites under 40 released on Tuesday, said Hermitage would invest at least US$500 million in the AI and robotic sectors over the next three years. With a decade of experience at Wall Street investment bank JPMorgan Chase before founding Hermitage Capital in 2017, Xiang said the company's investments focused on building a global AI ecosystem, ranging from hardware like graphics processing units to large language models (LLMs) and intelligent robotics. 03:16 China shows off latest AI innovations at international conference in Shanghai China shows off latest AI innovations at international conference in Shanghai He drew a parallel to humanoid robot making to illustrate his investment strategy. 'You need a brain to process information, eyes to observe the world and blood as your power source,' he said. 'It must also sense the external world and respond to it effectively. We've invested across all these areas, from foundational AI models to robot chips to solid-state batteries and home robots that free people from tedious chores.' Computer vision led the first wave of AI's evolution, which was now largely mature, Xiang said. 'We are currently riding the natural processing language wave, dominated by LLMs. The foundation models' valuation will still have a five to 10 times return potential.'
South China Morning Post
9 hours ago
- South China Morning Post
Automation to Autonomy: AWS Leads the Leap with Agentic AI Experience Centre
[The content of this article has been produced by our advertising partner.] It is no exaggeration that artificial intelligence (AI) has permeated all aspects of life, but a recent report published by OpenAI revealed that Gen Z and millennials have turned to AI chatbots for life coaching, seeking career and relationship guidance, as well as mental and physical consultation. Despite the existing divide in how different generations adopt AI into daily activities, this phenomenon proves the technology's effectiveness outside the corporate world, also signaling a revolutionary shift in the impact for businesses in the near future. Unlike traditional AI that simply answers questions and collates data, agentic AI can be described as a proactive assistant which understands, decides, and acts on the user's behalf with minimal oversight. Given access to tools, data, and the infinite resources on the internet, the autonomous system learns to think and act from experience, boasting the potential to navigate complex tasks and oversee processes from end to end. Reimagining AI: Beyond Simple Automation Ishit Vachhrajani, Global Head of Enterprise Strategy at Amazon Web Services (AWS), compared AI agents to his most independent, high-agency employees in a blog post. With the promise to assess situations, make judgment calls, and deliver human-like results and machine-scale actions, agentic AI is poised to drive efficiency and innovation across industries like finance, healthcare, retail, and customer service. The distinction between conventional AI and agentic systems represents a quantum leap in technology, comparable to the introduction of the personal computer and the internet - AI agents can operate at a level of independence previously unseen. This evolution allows humans to switch from being process operators to learning partners, somewhat like acquiring an extra colleague to get work done. Gone are the days of spoon-feeding information to AI to deal with bite-sized tasks, humans can now focus on strategic decisions and creative thinking, leaving agents to manage routine workflows.
South China Morning Post
16 hours ago
- South China Morning Post
China rejects OpenAI's GPT-5 trademark application in blow to US firm's branding efforts
Chinese authorities have rejected OpenAI 's attempt to register the name of its new flagship artificial intelligence model, GPT-5 , as a trademark on the mainland, where the ChatGPT creator's products and services are not officially available. According to records on the website of the Trademark Office, under the China National Intellectual Property Administration, the US firm's application through subsidiary OpenAI OpCo was denied and is pending appeal. That was the latest rejection handed by the regulator to OpenAI. Last year, it denied a series of applications filed by the US start-up between March and November 2023 to register ChatGPT and GPT – covering AI models GPT-4, GPT-5, GPT-6 and GPT-7 – as trademarks on the mainland. These are still pending appeal. The Trademark Office's recent refusal dealt another blow to San Francisco-based OpenAI's efforts to protect its brand in the fast-developing and highly competitive AI industry. In February 2024, the United States Patent and Trademark Office denied OpenAI's applications to trademark ChatGPT and GPT. 'Registration is refused because the applied-for mark merely describes a feature, function, or characteristic of applicant's goods and services,' the regulator's ruling said. OpenAI did not immediately respond to a request for comment on Tuesday.
