Innovation — 360 insights
Meta to pay New Mexico a historic US$25 billion in Cambridge Analytica Facebook case
Innovation

Meta to pay New Mexico a historic US$25 billion in Cambridge Analytica Facebook case

Meta Platforms was ordered to pay a groundbreaking US$25 billion civil penalty to the state of New Mexico in a consumer deception case spurred by the Cambridge Analytica scandal. The fine issued by state court Judge Francis Mathew is among the largest verdicts issued in US legal history. The award comes after a jury in Santa Fe determined that Meta had violated the state’s consumer protection over 43 million times based on widely viewed deceptive statements made by the company and its top...

October 21, 2026
Nvidia CEO to deliver keynote speech in Berlin as his firm faces investor scrutiny over AI
Innovation

Nvidia CEO to deliver keynote speech in Berlin as his firm faces investor scrutiny over AI

Nvidia CEO Jensen Huang is set to take the stage in Berlin on Wednesday, as the world’s most valuable company faces heightened investor scrutiny over whether the massive artificial intelligence spending boom – the engine behind the chipmaker’s meteoric growth – can deliver long-term returns. The conference agenda focuses on sovereign AI, industrial automation and operational infrastructure – key sectors where Nvidia hopes to drive demand beyond the handful of US tech giants currently dominating...

October 21, 2026
Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos
Innovation

Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos

Alibaba Group Holding’s research arm, Damo Academy, has seen more than 6 billion chips shipped based on its XuanTie RISC-V architecture, marking a milestone as the tech giant doubles down on the open standard in artificial intelligence and automotive systems. Meng Jianyi, chief scientist at Damo Academy, announced the figure on Monday at the annual RISC-V Summit China in Shenzhen. The achievement comes as Chinese companies seek to play a greater role in the global RISC-V ecosystem, an...

October 20, 2026
Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos
Innovation

Alibaba’s RISC-V IP powers over 6 billion shipped chips as tech giant targets AI, autos

Alibaba Group Holding’s research arm, Damo Academy, has seen more than 6 billion chips shipped based on its XuanTie RISC-V architecture, marking a milestone as the tech giant doubles down on the open standard in artificial intelligence and automotive systems. Meng Jianyi, chief scientist at Damo Academy, announced the figure on Monday at the annual RISC-V Summit China in Shenzhen. The achievement comes as Chinese companies seek to play a greater role in the global RISC-V ecosystem, an...

October 20, 2026
China’s milestone in polar region satellite broadband narrows gap with Elon Musk’s Starlink
Innovation

China’s milestone in polar region satellite broadband narrows gap with Elon Musk’s Starlink

China’s recent milestone in extending its home-grown satellite internet coverage to polar regions has given the country “fully self-controlled polar communications”, ending its long-time reliance on foreign technology to achieve the same capability, according to state media and industry experts. The breakthrough came during trials conducted as part of China’s 16th Arctic expedition – launched in early July and expected to conclude this month – when scientists aboard vessels in the Arctic...

October 19, 2026
China’s milestone in polar region satellite broadband narrows gap with Elon Musk’s Starlink
Innovation

China’s milestone in polar region satellite broadband narrows gap with Elon Musk’s Starlink

China’s recent milestone in extending its home-grown satellite internet coverage to polar regions has given the country “fully self-controlled polar communications”, ending its long-time reliance on foreign technology to achieve the same capability, according to state media and industry experts. The breakthrough came during trials conducted as part of China’s 16th Arctic expedition – launched in early July and expected to conclude this month – when scientists aboard vessels in the Arctic...

October 19, 2026
CXMT shares fall 8 per cent despite blockbuster earnings figures
Innovation

CXMT shares fall 8 per cent despite blockbuster earnings figures

Chinese memory chip giant ChangXin Memory Technologies (CXMT) saw its shares fall more than 8 per cent in early Monday trading, despite forecasts of strong profits and plans for a share buy-back amid a global sector-wide market rout. CXMT shares dropped on Monday morning to an intraday low of 41 yuan, after closing at 45.02 yuan on Friday. The company’s stock surged to a peak of 61.8 yuan in August – up as much as 614 per cent from its initial public offering price of 8.66 yuan in July – before...

October 18, 2026
CXMT shares fall 7.8% despite blockbuster earnings figures
Innovation

CXMT shares fall 7.8% despite blockbuster earnings figures

Chinese memory chip giant ChangXin Memory Technologies (CXMT) saw its shares fall more than 8 per cent in early Monday trading, despite forecasts of strong profits and plans for a share buy-back amid a global sector-wide market rout. CXMT shares dropped 7.8 per cent on Monday to close at 41.52 yuan. The company’s stock surged to a peak of 61.8 yuan in August – up as much as 614 per cent from its initial public offering price of 8.66 yuan in July – before paring back gains. The market reaction...

October 18, 2026
Rokid launches ‘no man’s land’ retail experience with Hong Kong flagship store opening
Innovation

Rokid launches ‘no man’s land’ retail experience with Hong Kong flagship store opening

When shoppers step into Rokid’s brand new flagship store in Hong Kong, they are greeted not by eager sales associates, but by glowing monitor screens and a robotic system waiting at the exit. In what the Chinese augmented reality (AR) gadget pioneer called an experiment in “no man’s land” retail, customers navigate the entire journey independently: testing artificial intelligence smart glasses, making payments on a screen and receiving their new devices directly from an automated system on their...

October 18, 2026
China’s proposed AI tech export bans may create short-term costs, long-term gains: analysts
Innovation

China’s proposed AI tech export bans may create short-term costs, long-term gains: analysts

China’s proposed export bans and controls of artificial intelligence technologies aim to tighten Beijing’s grip in the strategically vital sector, casting a cloud over the commercial prospects of domestic model developers in the global AI race, analysts say. The new measures come as concerns mount globally over the risks of advanced AI systems, following a string of recent cyberattacks, while also underscoring AI’s growing national security importance for both Beijing and Washington. Zhang Yi,...

October 17, 2026
China’s proposed AI tech export bans may create short-term costs, long-term gains: analysts
Innovation

China’s proposed AI tech export bans may create short-term costs, long-term gains: analysts

China’s proposed export bans and controls of artificial intelligence technologies aim to tighten Beijing’s grip in the strategically vital sector, casting a cloud over the commercial prospects of domestic model developers in the global AI race, analysts say. The new measures come as concerns mount globally over the risks of advanced AI systems, following a string of recent cyberattacks, while also underscoring AI’s growing national security importance for both Beijing and Washington. Zhang Yi,...

October 17, 2026
Reporter’s notebook: Kimi’s AI credit card turns spending into computing quotas – with limits
Innovation

Reporter’s notebook: Kimi’s AI credit card turns spending into computing quotas – with limits

China’s artificial intelligence companies have spent years persuading consumers to pay for their technology. Now, Moonshot AI, the start-up behind Kimi, is taking a different approach: offering AI computing benefits through a credit card. The company has teamed up with the Agricultural Bank of China (ABC) and American Express for what it calls “the world’s first AI native credit card”. After getting one for myself, the experience offered an intriguing way to bring AI services into everyday...

October 17, 2026