Range Intelligent Is Said to Explore Second Listing in Hong Kong
The company has held initial talks with prospective advisers about a share sale, the people said, asking not to be identified because the discussions are private.
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12 minutes ago
- Yahoo
Football and falls as first humanoid robot games launch in China
The first World Humanoid Robot Games began on Friday in Beijing with over 500 androids alternating between jerky tumbles and glimpses of real power as they compete in events from the 100-metre hurdles to kung fu. Hundreds of robotics teams from 16 countries are going for gold at the Chinese capital's National Speed Skating Oval, built for the 2022 Winter Olympics. Events include traditional sports like athletics and basketball, as well as practical tasks such as medicine categorisation and cleaning. "I believe in the next 10 years or so robots will be basically at the same level as humans," enthusiastic 18-year-old spectator Chen Ruiyuan told AFP. Human athletes might not be quaking in their boots just yet. At one of the first events on Friday, five-a-side football, 10 robots the size of seven-year-olds shuffled around the pitch, often getting stuck in a scrum or falling over en masse. However, in a 1500m race, domestic champion Unitree's humanoid stomped along the track at an impressive clip, easily outpacing rivals. The fastest robot AFP witnessed finished in 6min 29.37sec, a far cry from the human men's world record of 3:26.00. One mechanical racer barrelled straight into a human operator. The robot remained standing while the human was knocked flat, though did not appear to be injured. - 'National strategy' - Robot competitions have been held for decades, but the 2025 World Humanoid Robot Games is the first to focus specifically on robots that resemble human bodies, organisers said. The Chinese government has poured support into robotics hoping to lead the industry. Beijing has put humanoids in the "centre of their national strategy", the International Federation of Robotics wrote in a paper on Thursday. "The government wants to showcase its competence and global competitiveness in this field of technology," it added. Joost Weerheim, an operator with a Dutch five-a-side robot football team, told AFP he was impressed. "I think right now if they are not already the world leader, they are very, very quickly becoming it," he said. Domestically, authorities are working to raise awareness of the sector across society. Cui Han, accompanying her 10-year-old, told AFP that her son's school had organised and paid for the trip to the Games. "I hope it will encourage him to learn more about these new technologies," she said. In March, China announced plans for a one-trillion-yuan fund ($139 billion) to support technology startups, including those in robotics and AI. The country is already the world's largest market for industrial robots, official statistics show, and in April Beijing held what organisers dubbed the world's first humanoid robot half-marathon. Chen, the 18-year-old, told AFP he was about to begin studying automation at university. "Coming here can cultivate my passion for this field," he said. "My favourite is the boxing because... it requires a lot of agility and I can really see how the robots have improved from before." At the kung fu competition area, a pint-sized robot resembling one from the popular Transformer series attempted to execute a move, but fell flat on its front. It spun around on the floor as it struggled to get back up, the crowd happily cheering. bur-reb/pst
Yahoo
12 minutes ago
- Yahoo
$5.3 billion issue revealed in Australia's cashless revolution: 'Not tolerating it'
The true cost of system outages that have plagued Australian telecommunication providers, banks, retailers, airlines and other institutions has been revealed. New data from PagerDuty showed that in the last 12 months alone, $5.3 billion worth of pain has been inflicted on everyday Aussies during these failures. That equates to around 73 million hours of time wasted or lost. Callum Eade, vice president of PagerDuty's Asia Pacific region, told Yahoo Finance he was "shocked" by how many people had been affected, especially edge towards a more digital society. "We're seeing impacted consumers go from 'that was a bit annoying' in the past, to 'I'm not tolerating it anymore' now," he said. RELATED 'Staggering' $160 billion cashless trend as Aussies flock to new technology over cash Centrelink warning for downsizing Baby Boomers over 'special' retirement rule Text message 'proves' common dinner bill foul play as woman left '$500 out-of-pocket' PagerDuty, an AI-powered platform that discovers and mitigates system outages, found telcos and financial services topped the list for the number of Aussies affected by this issue, at 41 and 38 per cent, respectively. But, 71 per cent said they would abandon a company if it suffered just one more outage. Banks have repeatedly attracted headlines after their digital operations went dark, even just for a few belonging to Commonwealth Bank (CBA), Westpac, NAB, ANZ, ING, Bendigo Bank and others have recently experienced moments where they couldn't access their money or had been locked out of their accounts. This comes at a time when Aussies are increasingly dependent on digital financial systems to run smoothly, as there has been a gradual decline in the use of cash in the last decade. More reliance on cashless systems means a far bigger impact on society when those networks fail, crash, or go offline. The Australian Banking Association (ABA) said 99.3 per cent of customer-bank interactions now occur via digital channels. However, these channels aren't foolproof. Aussies losing trust in essential services due to outages Eric was trekking through Nepal last year when his bank, ING, suffered a days-long outage. He was out of money and wanted to transfer some funds around, but couldn't get into his account while the system was out of whack. "There's been no communication to me," he told Yahoo Finance at the time. "I've had to search the web to locate an explanation... I can't even access their website. This is becoming a regular event at ING. What a lousy communication system they've got - it totally disregards the customer." This sentiment has permeated across the country and it's having a massive impact on how customers view their financial institutions. PagerDuty found 25 per cent of people affected by a system outage lost trust in their bank due to the way it was handled and how it impacted them. Lives can be thrown into disarray during these outages, which can last up to a few days at a time. Some people have been in the middle of paying for petrol or their groceries when these outages hit, and it can leave them faced with either waiting until the problem is fixed or walking away empty-handed. As a result, 61 per cent revealed they had started carrying cash more often as a backup in case they couldn't use their card or access their accounts. Research found this worry of being left stranded financially is now carried by 77 per cent of Australians. Calls for change to prevent more problems Aussies aren't confident the situation is going to get any better as we rely more heavily on digital banking and other services. PagerDuty found 34 per cent of people believe outages will happen more often in telco services, along with 30 per cent in the banking sector. Eade told Yahoo Finance that while these institutions have been trying to be more proactive in preventing these issues, they need to up their game as we become more reliant on their systems. "That complexity, which we are all embracing, brings with itself a headache," he said. "That isn't going to change. What needs to change, and where we're seeing a number of those institutions spending time and energy, is ensuring that they've got a plan for that." Research showed that 97 per cent of consumers "expect action" when a failure occurs, with nearly two-thirds (64 per cent) expecting regular updates. A further 63 per cent want a "clear explanation" from the institution of what went wrong. Eade said this gives banks, telcos and other essential services a good idea of what to do in the future when outages hit to prevent more in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
18 minutes ago
- Yahoo
Jim Cramer Insists There Are No Backdoors In NVIDIA Corporation (NVDA)'s Chips
We recently published . NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. The latest controversy surrounding NVIDIA Corporation (NASDAQ:NVDA) involves reports claiming that the Chinese government is asking local companies not to rely on the firm's chips. These concerns stem from worries about potential backdoors and about becoming too reliant on American hardware. Cramer discussed the reports in detail: '[On reports of Chinese authorities looking to stop companies from buying the H20 AI GPUs] They can go open, they can have Jensen Huang go over there and have him rip open one of those things. There's nothing. I mean, look you either trust Jensen or you don't. I trust Jensen just because he has to give the government 15%. I mean he has said, listen we don't have tracking. So, therefore, I am a believer in him. I don't want to actually believe, believe it or not, the PRC. I actually don't know if the PRC is all that reliable. Not like the BLS, I mean it's different. BLS doesn't have a chance, they're very strapped, they're tired, they're poor, they're huddled masses. . .but this, you know why this is not right? Because they don't have anything that's as good as the H20. If you wanna go do something that's like on one of these versions of Intel, that got Pat Gelsinger fired. . . . Photo by Javier Esteban on Unsplash '[On The Information's report saying Chinese big tech has been told by the government to not buy NVIDIA chips] I rely on The Information, you're [David Faber] a legendary Wall Street funny got you out of NVIDIA, as much as I got you into NVIDIA, they got you out of NVIDIA. Who has the cards? . . .I'm trying to get people to say, maybe before I sell NVIDIA because of all these different stories, maybe the stories maybe propaganda? I think we have every right to question, in a period where The Information has attacked NVIDIA twice. They'll say we didn't attack, we reported. Perhaps our reporting was not as strong. That's okay. You can say whatever you want in this business and that's exactly the problem.' While we acknowledge the potential of NVDA 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 . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
