Latest news with #TuringAI
Yahoo
4 days ago
- Automotive
- Yahoo
Xpeng stock pops after P7 launch, sees as 'another game changer'
-- Xpeng shares rose 0.7% in premarket trading Thursday after the electric vehicle maker unveiled its next-generation P7 sedan, which Jefferies called 'another game changer.' Jefferies analysts, who attended the launch event, described the new model as 'a high-performance sports sedan with exceptional handling, capable of accelerating from 0 to 100 km/h in just 3.7s,' with 'a more avant-garde and aggressive design language.' The vehicle is longer and wider than the current P7, but lower, giving it 'a wide-body, low-slung stance that accentuates its coupe-like dynamism.' Jefferies noted that more than 10,000 refundable pre-orders were placed within 6 minutes and 37 seconds of the presale opening, despite pricing yet to be announced. The firm estimates a price of about RMB250,000. The car comes standard with an 800V SiC platform, a 5C ultra-fast charging battery offering a range of up to 820 km, and an 87-inch AD-HUD. It also includes a 1.84m² triple-layer silver-coated glass roof for heat and UV protection. Jefferies highlighted the model's use of three self-developed Turing AI chips delivering 2,250 TOPS in computing power. 'The accelerated deployment of Turing chips will help improve XPeng's vehicle margin, in our view,' stated Jefferies. The firm expects monthly sales of the Next P7 to reach 6,000 units, above consensus forecasts of 4,000, and total company deliveries to hit 40,000 by September. Jefferies reiterated Xpeng (NYSE:XPEV) as its 'top pick OEM,' noting the company is on track to turn its first quarterly profit in the fourth quarter of 2025. Related articles Xpeng stock pops after P7 launch, sees as 'another game changer' Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names 7 Undervalued Stocks on the Rise With 50%+ Upside Potential Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
03-07-2025
- Automotive
- South China Morning Post
Xpeng launches G7 ‘Super AI' SUV, taking on Xiaomi YU7 and Tesla Model Y
Chinese electric vehicle (EV) maker Xpeng launched its G7 SUV on Thursday, sending another contender into a fierce battle in the premium SUV segment of the world's largest EV market, where it joins Xiaomi's recently introduced YU7 in taking on Tesla's market-leading Model Y. Dubbed Xpeng's first 'Super AI [artificial intelligence] car', the G7 starts at 195,800 yuan (US$27,325), with the top-of-the-line model selling for 225,800 yuan, the Guangzhou-headquartered company said during a launch event in Beijing on Thursday. The car is Xpeng's first model to feature its in-house Turing AI chip . With three such chips, the EV was able to run an AI large language model with more than 30 billion parameters, the company said. This made the EV the world's first mass-produced car with Level 3 (L3) self-driving capabilities, said He Xiaopeng, Xpeng's founder and CEO, at the launch event. 'The G7 is an epoch-making product from Xpeng and also our first new car in 2025,' said He. 'Starting today, in Xpeng's intelligent driving system, there will not only be L2, but we will also bring L3 intelligent-driving computing power to consumers.' Xpeng unveiled the G7 on June 11 and started presales at 235,800 yuan, placing the car between the company's G6 and flagship G9 SUVs. The model garnered more than 10,000 pre-orders in 46 minutes, He said in a post on Chinese social-media platform Sina Weibo last month. L3 is considered a 'hands-off' system, but still requires drivers to be responsible for safety and ready to take over, while L4 would allow drivers to take their eyes off the road in designated areas, according to standards set by US-based SAE International.
Yahoo
17-06-2025
- Automotive
- Yahoo
Xpeng working to integrate advanced AI chips into VW cars in China
Chinese EV manufacturer Xpeng is reportedly working to integrate its self-developed AI chip into certain car models that Volkswagen (VW) plans to launch in China next year. Xpeng expects that in addition to Volkswagen, other automotive companies will also become customers for these advanced Turing chips designed for autonomous driving, reported The Financial Times. Xpeng chairman and CEO He Xiaopeng said: 'Developing chips is fundamentally a long-term commitment, as Xpeng envisions doing a lot of things across cars, aircraft and robotics. We need a type of chip that can support these platforms and also power our [AI] large language model.' The company is also engaged in discussions to provide chips to additional car manufacturers. "We are seeking long-term partners," Xiaopeng stated. A VW spokesperson in China was quoted by the financial daily as saying: 'As announced, Volkswagen and Xpeng are jointly developing two Volkswagen brand cars for the mid-class segment. Both parties contribute their respective strength. These cars will be launched next year.' Xpeng's latest product highlights China's chip design efforts, part of a long-standing goal to lessen reliance on foreign semiconductors. In the automotive industry, there is a growing demand for high-end AI chips to support the development and operation of advanced driver assistance and autonomous driving systems. In 2023, the German company invested $700m for a 5% stake in Xpeng, as part of a strategic initiative to adapt to the global shift towards EVs. This partnership has seen Volkswagen engineers collaborating with Xpeng at their facilities in Hefei and Guangzhou to enhance Volkswagen's smart-driving capabilities. Xpeng is reportedly investing approximately about $700m annually in the development of AI-related technologies, which constitutes about half of the company's total research and development budget. This investment has enabled Xpeng to become the 'first Chinese automaker' to introduce autopilot features for expressways and a fully voice-controlled smart cabin system, stated Xiaopeng. The advanced chips are claimed to have a computing power of 2,200 tera-operations per second (TOPS), which is based on how many trillion operations a processor can execute in one second. In comparison, vehicles commonly available in the Chinese market typically range from 80 to 700 TOPS. While referring to the processor made by Nvidia, Xiaopeng said at a launch event for enabled Xpeng G7 car: 'The effective computing power of the Turing AI chip is three times greater than that of the leading autonomous driving chip, Orin-X.' Xpeng plans to expand its chip business to recover the significant investments it has made in recent years. In May, Xpeng partnered with European EV charging network provider Plugsurfing to offer its users access to more than 940,000 charging points across 27 countries. "Xpeng working to integrate advanced AI chips into VW cars in China" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
10-06-2025
- Business
- Yahoo
Russian billionaire and Putin critic launches AI data centres in the UK
A Russian billionaire and critic of Vladimir Putin is preparing to invest hundreds of millions of pounds in artificial intelligence (AI) data centres in the UK. Nebius, a technology company headquartered in the Netherlands, will invest £200m to establish an 'AI factory' in Britain, deploying 4,000 graphics-processing chips designed to power the latest generation of machine-learning technology. The $12bn (£9bn) business is assessing potential data centre sites in the South East. Nebius was formed as part of a carve-up of Yandex, a company known as 'Russia's Google'. Arkady Volozh, a Russian entrepreneur worth a reported $2bn, founded Yandex in 1997 as a Russian rival to the US search engine. The business later listed in New York and in 2021 was valued at more than $30bn. However, its shares were suspended in 2022 after Russia's invasion of Ukraine and Mr Volozh was sanctioned by the European Union. Over the years Yandex faced growing pressure from the Kremlin to censor online news and search results, and the company was accused by Brussels of helping to spread Kremlin propaganda. In 2023, Mr Volozh labelled Putin's invasion 'barbaric' and said he was 'horrified' by the war. He said: 'I am categorically against it. Although I moved to Israel in 2014, I have to take my share of responsibility for the country's actions. 'There were reasons to stay silent during this long process. While there will anyway be questions about the timing of my statement today, there should be no questions about its essence. I am against the war.' The European Union removed its sanctions of Mr Volozh last year. Nebius was formed as part of a carve-up of Yandex, which spun off its Russian search division in a $5bn deal to Russian investors. Nebius, which is listed in the US, is made up of the remaining European, US and Israeli assets, including several data centres powered by Nvidia microchips and its self-driving car technology. Mr Volozh, Nebius's chief executive, said: 'The UK is where AI is being built, tested, and deployed at scale across industries from fintech to life sciences. Being here puts us closer to the start-ups, researchers, and enterprise leaders shaping what's next.' Nebius's UK investment comes after Sir Keir Starmer, the Prime Minister, announced plans to spend more than £1bn to boost the UK's computing power in a speech at London Tech Week alongside Jensen Huang, the Nvidia chief executive. On Monday, the Government announced a series of AI investments ahead of this week's Treasury spending review. These included £1bn for an AI research resource, made up of powerful AI data centres and supercomputers, as well as £187m to boost the technological skills of the UK workforce. On Tuesday, Peter Kyle, the Technology Secretary, also announced plans for a new Turing AI fellowship in a speech at London Tech Week. Backed by £25m, the programme will seek five AI experts who will be offered a substantial package to relocate to the UK and hire a team to conduct AI research. Mr Kyle said: 'We will harness the vast potential of our trillion-pound tech sector to help remake our country for the better.'
Yahoo
10-06-2025
- Business
- Yahoo
Russian billionaire and Putin critic launches AI data centres in the UK
A Russian billionaire and critic of Vladimir Putin is preparing to invest hundreds of millions of pounds in artificial intelligence (AI) data centres in the UK. Nebius, a technology company headquartered in the Netherlands, will invest £200m to establish an 'AI factory' in Britain, deploying 4,000 graphics-processing chips designed to power the latest generation of machine-learning technology. The $12bn (£9bn) business is assessing potential data centre sites in the South East. Nebius was formed as part of a carve-up of Yandex, a company known as 'Russia's Google'. Arkady Volozh, a Russian entrepreneur worth a reported $2bn, founded Yandex in 1997 as a Russian rival to the US search engine. The business later listed in New York and in 2021 was valued at more than $30bn. However, its shares were suspended in 2022 after Russia's invasion of Ukraine and Mr Volozh was sanctioned by the European Union. Over the years Yandex faced growing pressure from the Kremlin to censor online news and search results, and the company was accused by Brussels of helping to spread Kremlin propaganda. In 2023, Mr Volozh labelled Putin's invasion 'barbaric' and said he was 'horrified' by the war. He said: 'I am categorically against it. Although I moved to Israel in 2014, I have to take my share of responsibility for the country's actions. 'There were reasons to stay silent during this long process. While there will anyway be questions about the timing of my statement today, there should be no questions about its essence. I am against the war.' The European Union removed its sanctions of Mr Volozh last year. Nebius was formed as part of a carve-up of Yandex, which spun off its Russian search division in a $5bn deal to Russian investors. Nebius, which is listed in the US, is made up of the remaining European, US and Israeli assets, including several data centres powered by Nvidia microchips and its self-driving car technology. Mr Volozh, Nebius's chief executive, said: 'The UK is where AI is being built, tested, and deployed at scale across industries from fintech to life sciences. Being here puts us closer to the start-ups, researchers, and enterprise leaders shaping what's next.' Nebius's UK investment comes after Sir Keir Starmer, the Prime Minister, announced plans to spend more than £1bn to boost the UK's computing power in a speech at London Tech Week alongside Jensen Huang, the Nvidia chief executive. On Monday, the Government announced a series of AI investments ahead of this week's Treasury spending review. These included £1bn for an AI research resource, made up of powerful AI data centres and supercomputers, as well as £187m to boost the technological skills of the UK workforce. On Tuesday, Peter Kyle, the Technology Secretary, also announced plans for a new Turing AI fellowship in a speech at London Tech Week. Backed by £25m, the programme will seek five AI experts who will be offered a substantial package to relocate to the UK and hire a team to conduct AI research. Mr Kyle said: 'We will harness the vast potential of our trillion-pound tech sector to help remake our country for the better.'
