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Time of India
a day ago
- Time of India
Alibaba, Tencent freeze AI tools during high-stakes China exam
China's most popular AI chatbots like Alibaba 's Qwen have temporarily disabled functions including picture recognition, to prevent students from cheating during the country's annual 'gaokao' college entrance examinations. Apps including Tencent Holdings Ltd.'s Yuanbao and Moonshot's Kimi suspended photo-recognition services during the hours when the multi-day exams take place across the country. Asked to explain, the chatbots responded: 'To ensure the fairness of the college entrance examinations, this function cannot be used during the test period.' China's infamously rigorous 'gaokao' is a rite of passage for teenagers across the nation, thought to shape the futures of millions of aspiring graduates. Students — and their parents — pull out the stops for any edge they can get, from extensive private tuition to, on occasion, attempts to cheat. To minimise disruption, examiners outlaw the use of devices during the hours-long tests. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Alibaba Group Holding Ltd.'s Qwen and ByteDance Ltd.'s Doubao still offered photo recognition as of Monday. But when asked to answer questions about a photo of a test paper, Qwen responded that the service was temporarily frozen during exam hours from June 7 to 10. Doubao said the picture uploaded was 'not in compliance with rules.' China lacks a widely adopted university application process like in the US, where students prove their qualifications through years of academic records, along with standardised tests and personal essays. For Chinese high-school seniors, the gaokao , held in June each year, is often the only way they can impress admissions officials. About 13.4 million students are taking part in this year's exams. Live Events The test is considered the most significant in the nation, especially for those from smaller cities and lower-income families that lack resources. A misstep may require another year in high school, or completely alter a teenager's future. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The exam is also one of the most strictly controlled in China, to prevent cheating and ensure fairness. But fast-developing AI has posed new challenges for schools and regulators. The education ministry last month released a set of regulations stating that, while schools should start cultivating artificial intelligence talent at a young age, students should not use AI-generated content as answers in homework and tests.
Bloomberg
27-05-2025
- Business
- Bloomberg
Tencent Increases Korea Music Exposure Ahead of China K-Pop Move
Tencent Holdings Ltd. is snapping up a nearly 10% stake in SM Entertainment Co. Ltd valued at about $180 million, marking a rare Chinese investment into a South Korean company in recent years. Tencent will buy the stake from BTS-agency Hybe Co Ltd., which is selling its remaining 2.2 million shares in SM Entertainment at 110,000 won each, a 15.3% discount to Tuesday's close, according to a regulatory filing.
Economic Times
15-05-2025
- Business
- Economic Times
Asian equities decline, snapping four-day rally
Live Events Interest-Rate Bets (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Stocks in Asia fell on Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of and Australian stocks edged lower, while a gauge of US-listed Chinese companies climbed 1.2% on Wednesday. Tencent Holdings Ltd.'s revenue grew at its fastest pace in more than three futures were slightly lower after the S&P 500 rose 0.1%, while the Nasdaq 100 gained 0.5%, helped along by an advance for Nvidia Corp that wiped 2025 losses for the index of the dollar rose Wednesday, reversing selling pressure earlier in the session as Bloomberg News reported the US is not working to include currency policy pledges in trade accords. Gold steadied on Thursday after falling 2.3% to a one-month low in its previous session. Oil fell for a second day after a government report showed US crude inventories rose the most in two moves reflected a note of caution to a week marked by a sharp rebound in risk assets fueled by progress in trade talks and economic resilience. The nascent US-China trade truce, a UK pact and high-profile Gulf deals have reassured investors, yet lurking in the background is the worry that stocks get so extended that they're vulnerable to surprises.'As trade tensions ease, investors are pivoting back to fundamentals, but they may not like what they see,' said Mark Hackett at Nationwide. 'The market has raced from oversold to overbought in record time. That limits near-term upside unless we see a clear re-acceleration in growth.'In further signs of thawing trade tensions, China on Wednesday suspended curbs on exports of rare earths and other goods and technologies for military use. The move follows an agreement by the Asian nation and the US to temporarily lower tariffs levied against each other's products and will last for 90 days, China's Ministry of Commerce said in a traders will be watching for further moves in the won after a report that the US and South Korean governments discussed currency policies this month. The won jumped more than 1% and neighboring currencies, including the Japanese yen, also set for release in the region includes trade for India and Indonesia, money supply for South Korea, and employment for in US government debt across the curve sent the 10-year yield seven basis points higher to around 4.54%, around the highest in a month, as Federal Reserve rate-cut bets Bank of Chicago President Austan Goolsbee said that it's important for central bankers not to respond to day-to-day volatility in equities and economic policy pronouncements, noting that economic data remain steady for now. Fed Vice Chair Philip Jefferson said tariffs and related uncertainty could slow growth and boost inflation this year, but monetary policy is well positioned to respond as needed.'Fed vice chair Jefferson's speech today leans a little dovish after a run of more hawkish commentary from Fed officials, signaling that the Fed leadership is (sensibly) wary of calling the all-clear on downside risk even after US-China de-escalation,' said Krishna Guha at modest advance for US stocks on Wednesday covered up a broadly down day for most sectors. Big tech was the key exception, alongside a mix of individual names. Boeing Co. rallied on its largest-ever deal after Qatar Airways placed an order for long-range jets during a visit to Doha by Donald Rick Gardner at RGA Investments, the stock-market rally has legs.'The trade negotiation with China was seemingly the toughest one on the docket, and the idea that there has been this much progress on the negotiations over such a short period of time, suggests that a resolution may be on the horizon,' he said.
Time of India
15-05-2025
- Business
- Time of India
Asian equities decline, snapping four-day rally
Stocks in Asia fell on Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of exhaustion. Japanese and Australian stocks edged lower, while a gauge of US-listed Chinese companies climbed 1.2% on Wednesday. Tencent Holdings Ltd.'s revenue grew at its fastest pace in more than three years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. US futures were slightly lower after the S&P 500 rose 0.1%, while the Nasdaq 100 gained 0.5%, helped along by an advance for Nvidia Corp that wiped 2025 losses for the chipmaker. An index of the dollar rose Wednesday, reversing selling pressure earlier in the session as Bloomberg News reported the US is not working to include currency policy pledges in trade accords. Gold steadied on Thursday after falling 2.3% to a one-month low in its previous session. Oil fell for a second day after a government report showed US crude inventories rose the most in two months. Live Events The moves reflected a note of caution to a week marked by a sharp rebound in risk assets fueled by progress in trade talks and economic resilience. The nascent US-China trade truce, a UK pact and high-profile Gulf deals have reassured investors, yet lurking in the background is the worry that stocks get so extended that they're vulnerable to surprises. 'As trade tensions ease, investors are pivoting back to fundamentals, but they may not like what they see,' said Mark Hackett at Nationwide. 'The market has raced from oversold to overbought in record time. That limits near-term upside unless we see a clear re-acceleration in growth.' In further signs of thawing trade tensions, China on Wednesday suspended curbs on exports of rare earths and other goods and technologies for military use. The move follows an agreement by the Asian nation and the US to temporarily lower tariffs levied against each other's products and will last for 90 days, China's Ministry of Commerce said in a statement. Elsewhere, traders will be watching for further moves in the won after a report that the US and South Korean governments discussed currency policies this month. The won jumped more than 1% and neighboring currencies, including the Japanese yen, also rose. Data set for release in the region includes trade for India and Indonesia, money supply for South Korea, and employment for Australia. Interest-Rate Bets Selling in US government debt across the curve sent the 10-year yield seven basis points higher to around 4.54%, around the highest in a month, as Federal Reserve rate-cut bets receded. Fed Bank of Chicago President Austan Goolsbee said that it's important for central bankers not to respond to day-to-day volatility in equities and economic policy pronouncements, noting that economic data remain steady for now. Fed Vice Chair Philip Jefferson said tariffs and related uncertainty could slow growth and boost inflation this year, but monetary policy is well positioned to respond as needed. 'Fed vice chair Jefferson's speech today leans a little dovish after a run of more hawkish commentary from Fed officials, signaling that the Fed leadership is (sensibly) wary of calling the all-clear on downside risk even after US-China de-escalation,' said Krishna Guha at Evercore. The modest advance for US stocks on Wednesday covered up a broadly down day for most sectors. Big tech was the key exception, alongside a mix of individual names. Boeing Co. rallied on its largest-ever deal after Qatar Airways placed an order for long-range jets during a visit to Doha by Donald Trump. To Rick Gardner at RGA Investments, the stock-market rally has legs. 'The trade negotiation with China was seemingly the toughest one on the docket, and the idea that there has been this much progress on the negotiations over such a short period of time, suggests that a resolution may be on the horizon,' he said.
Bloomberg
15-05-2025
- Business
- Bloomberg
Bloomberg Daybreak Asia: Rally Wavers as Buyer Fatigue Kicks In
Stocks in Asia fell early Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of exhaustion, on speculation stocks have run too fast amid risks stemming from a trade war to an economic slowdown and sticky inflation. Japanese and Australian stocks edged lower, while a gauge of US-listed Chinese companies climbed 1.2% on Wednesday. Tencent Holdings Ltd.'s revenue grew at its fastest pace in more than three years. We get a look at the market landscape with Mark Konyn, Chief Investment Officer at AIA Group. Stateside, the S&P 500 edged up just 0.1%. Most sectors fell, but big tech climbed. Boeing Co. gained on its largest-ever deal, with Qatar Airways placing an order for long-range jets during a visit to Doha by Donald Trump. The dollar erased losses as Bloomberg News reported the US is not working to include currency policy pledges in trade accords. Bond yields rose as Federal Reserve rate-cut bets receded. We get the views of John Creekmur, Chief Investment Officer at Creekmur Wealth Advisors.
