Author: Daniel snow

[ad_1] Niphon | Istock | Getty ImagesOpenAI is putting a spotlight on an under-the-radar artificial intelligence startup that it believes is on the “front line” of China’s race to lead the world in AI — and its not DeepSeek. In a blog post on Wednesday, the company wrote that Beijing-backed Zhipu AI has made “notable progress” in the AI race, as global competition ramps up.Zhipu AI, founded in 2019, has been referred by domestic media as one of China’s “AI tigers” — a class of large language model unicorns seen as key to Beijing’s efforts to rival the U.S. and reduce…

Read More

[ad_1] A close-up view of the illuminated red H&M logo in front of a display of women’s summer dresses and casual apparel at a retail store.Cheng Xin | Getty Images News | Getty ImagesSwedish clothing giant H&M on Thursday reported weaker-than-expected sales in the fiscal second quarter but pointed to an uptick in demand to kick-start the summer season.Revenues at the world’s second-largest clothing retailer dipped year-on-year to 56.71 billion Swedish krona ($5.99 billion) in the three-month period to May. 31, slightly below the 57.01 billion Swedish krona forecast by LSEG analysts.Operating profit totaled 5.9 billion Swedish krona over the quarter,…

Read More