Nvidia CEO praises China's open-source models as ‘very advanced'
Open source allows not just the contribution of each company but the combined resource of an ecosystem, which is what was 'very clever about open source engineering here in China', Huang said at the China International Supply Chain Expo.
Cancel anytime. Ad-free. Full access to Web and App.
RM 13.90/month
RM 9.73 /month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
RM 12.39/month
RM 8.63 /month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
40 minutes ago
- The Sun
Argentina loosens visa requirement for Chinese citizens
Argentina said on Monday that Chinese citizens with valid U.S. entry visas would not need Argentine visas to enter the country for tourism or business, a loosening of requirements that comes amid warming ties between Beijing and Buenos Aires. Argentina is a key supplier of products including beef, soy and lithium to the Chinese market and cooperation has deepened between the two countries in recent years. The decision by President Javier Millei was made to boost tourism and 'deactivate' mechanisms which have 'impeded the free development of Argentina's economy, of which tourism is a strategic area,' according to a statement on the Argentine government's website. It comes after China in May extended its visa-free policy to citizens of Argentina as well as those of Brazil, Chile, Peru and Uruguay, putting some of Latin America's largest economies on equal footing with many European and Asian countries. In line with the exemption adopted by China, it is 'deemed appropriate to adopt equivalent measures for Chinese nationals holding ordinary passports who enter for tourism and business purposes,' the statement said. China is Argentina's second-largest trading partner after Brazil and a key investor in infrastructure, energy and mining projects in the country. China has also extended a multi-billion dollar swap line to Argentina, mollifying billions of dollars in repayments that the Latin American nation needs to pay in the coming months. Argentina is also part of China's Belt and Road Initiative, which it joined in 2022. - Reuters
New Straits Times
3 hours ago
- New Straits Times
RHB: Inflation to weigh on Malaysia auto sales in 2H25
KUALA LUMPUR: Malaysia's automotive sector is expected to face softer sales momentum in the second half of 2025 due to looming inflationary pressures on consumers, according to RHB Research. The firm said the decline will also be driven by incumbent non-national marques, which continue to face intensifying competition as a result of new entrants, primarily Chinese carmakers. "The influx of new models coupled with aggressive price discounting has created a highly competitive environment. "Some buyers may delay their purchases in anticipation of further price cuts from both existing and new non-national marques, thereby destabilising the non-national segment," it added. RHB Research kept its total industry volume (TIV) forecast at 730,000 units, representing an 11 per cent decline on a yearly basis. The firm noted that after three consecutive record-breaking years, the market is showing signs of normalisation amid weakening order backlogs, tighter loan approvals and intensifying price competition, particularly in the non-national segment. As of June 2025, TIV stood at 373,636 units, accounting for 51 per cent of RHB Research's full-year projection. Carmakers such as Perodua and Toyota have seen a decline in order backlogs to 90,000 and 15,000 units, respectively, compared to 100,000 and 20,000 units a year ago. Loan approval rates for vehicle purchases have also dipped to 55 per cent year-to-date, down from 58–63 per cent in the 2022–2024 period, pointing to tighter credit conditions. These factors, combined with looming inflationary pressure, suggest further moderation in consumer demand. In the electric vehicle (EV) space, RHB Research expects growth to persist but remain modest due to high prices and limited charging infrastructure. The firm said the current tax exemptions for completely built-up (CBU) EVs, which have supported early adoption, are unlikely to be extended beyond end-2025, as the government shifts its focus to incentivising locally assembled EVs. "An extension of the tax holiday for CBU EVs would be counterproductive for incentivising original equipment manufacturers to establish local production facilities. "While we expect EV numbers to continue picking up in the coming months, growth in market share is likely to remain moderate due to structural headwinds, such as high pricing and limited availability of charging infrastructure. "As such, EVs are unlikely to influence overall TIV in the near term," RHB Research said. The firm added that another overhang is the impending implementation of the revised open market value (OMV) excise duty in January 2026. The firm said that though recently deferred again, it could lead to a 10–30 per cent price hike for CKD vehicles unless mitigated by the authorities. The Finance Ministry has signalled that such a steep hike is unlikely but has yet to finalise the new pricing methodology. "The new OMV takes into account the engineering work, royalty payments and license fees, amongst others. "For CBU vehicles, prices are based on the cost, insurance and freight, on which import and excise duties are imposed," it added. RHB Research maintained its "neutral" stance on the auto and autoparts sector.
New Straits Times
3 hours ago
- New Straits Times
Bukit Aman officers visit PDC headquarters as part of national MBI probe
GEORGE TOWN: Officers from the Bukit Aman Special Task Force on Anti-Money Laundering (AMLA) visited the Penang Development Corporation (PDC) headquarters on July 9, as part of a nationwide investigation into the Mobility Beyond Imagination (MBI) investment scheme. The visit, conducted in line with anti-money laundering protocols, was aimed at tracing financial flows possibly linked to the scheme. It included the formal submission of a request letter seeking documentation related to the Penang World City (PWC) project, particularly transactions involving Mutiara Metropolis Sdn Bhd (MMSB), formerly known as Tropicana Ivory Sdn Bhd (TISB). Chief Minister Chow Kon Yeow, who also chairs the PDC, confirmed the visit. He said PDC would fully cooperate with the authorities and had already complied with the request. "On July 18, PDC submitted all the required documents, including minutes of meetings and financial documents, to the Bukit Aman Special Task Force. These pertain to payments made by MMSB to PDC for land purchases between 2011 and 2019," he said. Chow emphasised that PDC was not the subject of the investigation, but assisting as a stakeholder involved in earlier commercial transactions that might be relevant to the probe. "This engagement is part of a broader, multi-jurisdictional effort involving numerous entities across the country. "PDC remains committed to due process and has responded in full compliance with all procedural requirements," he added. The PWC project, a major development initiative, is governed by four key agreements between Chief Minister Incorporated (CMI), PDC, Ivory Properties Group Bhd (IPGB), and TISB. These agreements span from 2011 to 2019, including a Novation cum Supplemental Agreement signed on Nov 1, 2019, that brought MMSB into the project. As of July, MMSB reported that reclamation works had reached 68 per cent completion, with the overall development progress — covering both current and future phases — at around 44 per cent. Chow reiterated that PDC would continue to provide full assistance to enforcement agencies within its capacity and remain committed to the principles of transparency, accountability, and good governance. Last month, the Penang government told the New Straits Times that it would leave it to the police to probe the investment scam by the now-defunct MBI International Group, which preyed mainly on Chinese nationals. Chow had said that it was the responsibility of the police to investigate and charge, andstressed that his administration had nothing to do with the matter.
