Chinese President Xi Jinping has bluntly questioned a nationwide rush of investment into the AI and EV industries. As deflation anxiety grows and Trump’s trade war with China ramps up, the world’s second largest economy is turning to fast-growth tech industries to remain competitive.<br /> But Xi appears to think that the strategy is flawed. As reported by the Financial Times, China's President sent out a pointed message about over-investment at the two-day Central Urban Work Conference in Beijing.<br /> "When it comes to projects, there are a few things — artificial intelligence, computing power and new energy vehicles," he said in a speech that made the front page of the People’s Daily, the official newspaper of the Communist Party. "Do all provinc [...]
China is on track to dominate consumer artificial intelligence applications and robotics manufacturing within years, but the United States will maintain its substantial lead in enterprise AI adoption [...]
China's President Xi Jinping called for greater self-reliance in AI development at a Politburo meeting on Friday.<br /> The article Xi Jinping rallies China to close the AI gap with a focus [...]
Honda has announced it is canceling three electric vehicles it was months from starting production on at its EV Hub in Ohio. The Honda 0 SUV, the Honda 0 sedan and the Acura RSX are all being wound do [...]