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Nino Abdaladze

China Launches its First Computing Power Trade Platform

China Launches its First Computing Power Trade Platform

China has launched its first trading platform for computing power, aimed at integrating computing resources to support the development of strategic industries, including artificial intelligence and ChatGPT-like applications. The platform went online in Yinchuan, Ningxia Hui autonomous region, and will integrate computing power resources from 27 companies and institutions, including

China Warns Big Tech Firms Against Providing ChatGPT Services

China Warns Big Tech Firms Against Providing ChatGPT Services

The Chinese regulators directed major tech firms, Tencent and Ant Group, the fintech affiliate of Alibaba Group Holding, not to offer access to ChatGPT services due to Beijing’s concerns over the chatbot's uncensored responses to user queries. Sources with direct knowledge of the matter confirmed with Nikkei

Chinese Companies and Bosnia's Serb Republic Sign Highway Deal

Chinese Companies and Bosnia's Serb Republic Sign Highway Deal

A consortium of Chinese companies and the government of Bosnia's autonomous Serb Republic sealed a 350 million marka ($190.5 million) loan deal on Thursday, to finance the construction of a portion of a northern highway that will link the region with Serbia. A modern highway will connect

China Calls for Russia-Ukraine Cease-fire; Ukraine Sees Some Merit

China Calls for Russia-Ukraine Cease-fire; Ukraine Sees Some Merit

China issued a peace proposal calling for a cease-fire between Ukraine and Russia as the war reached one year mark on Friday. Ukrainian President Volodymyr Zelenskyy cautiously welcomed Beijing’s involvement, but said he would wait for China’s actions, the AP reported. “The question is what follows the words.

How the US may React if China Supports Russia with Lethal Aid

How the US may React if China Supports Russia with Lethal Aid

The U.S. could impose economic sanctions against China if it supports Russia’s war in Ukraine with “lethal aid”, as multiple warnings have been already issued by Washington, the Hill reports. The Pentagon, Treasury Secretary Janet Yellen, Secretary of State Antony Blinken, and U.S. Ambassador to the United

China and India's Energy Demands Helped Russia's Economy, Al Jazeera

China and India's Energy Demands Helped Russia's Economy, Al Jazeera

China and India have helped to sustain the Russian economy with growing demand for energy imports, despite Western-led sanctions, Al Jazeera reports. Asia’s biggest economies haven’t yet condemned Russia’s invasion of Ukraine. As Western countries restricted imports and imposed sanctions, China and India became the largest buyers

Alibaba's Shares Surge 6% Following Earnings Report

Alibaba's Shares Surge 6% Following Earnings Report

Alibaba's U.S.-listed shares rose six percent after the tech giant’s reported earnings for its fiscal third quarter surpassed expectations. Chinese e-commerce giant Alibaba saw revenue increase up to 247.76 billion Chinese yuan ($35.92 billion), leading to a 2% rise compared to the previous