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11/3（二）
Why Chinese AI stars struggle to match Anthropic’s profit m…
US artificial intelligence giant Anthropic’s initial public offering prospectus has exposed a vast profitability gap between it and rivals Z.ai and MiniMax, highlighting the challenges facing China’s AI model developers in turning technological advances into sustainable businesses. The Claude developer’s filing with the US Securities and Exchange Commission (SEC) last week revealed a significant financial advantage over its most direct Chinese counterparts, despite the latter’s continued...
#Artificial intelligence (AI)#United States#China#HSBC#MiniMax#Anthropic
南華早報11/2（一）
HSBC sees rapid take-up for RedCoin stablecoin, unveils glo…
HSBC said its RedCoin retail stablecoin has attracted 50,000 users since its official launch just over a week ago, as the city’s largest lender remains committed to exploring new technologies in the city. The figures were revealed by HSBC group CEO Georges Elhedery during a panel discussion on the first day of Hong Kong FinTech Week which kicked off on Monday. Elhedery also attributed the quick ramp-up to the “comfortable” regulatory environment that the Hong Kong Monetary Authority (HKMA) had...
#Banking & finance#China#Hong Kong#Middle East#Georges Elhedery#Hang Seng Bank
11/1（日）
Runners praise first Northern Metropolis Marathon, but rout…
The inaugural Heung Yee Kuk Northern Metropolis Marathon drew praise from elite and international runners for its novel route along the newly opened Fanling Bypass, even as unseasonal morning heat, rolling slopes and initial logistical hiccups pushed competitors to their limits. Concluding at midday on Sunday, the race drew roughly 15,000 mostly local entrants, with Hong Kong runners sweeping top honours across almost all divisions except the men’s half-marathon, which was won by a competitor...
