ByteDance in talks with China's Iluvatar CoreX to purchase AI chips, sources say. The deal would secure domestic supply amid US export restrictions.

US bars foreign access to Anthropic's top AI models, signaling new Trump administration push to control pivotal industry

The US has barred foreign access to Anthropic's best AI models, reflecting the Trump administration's willingness to control the AI industry.

US government orders Anthropic to withdraw its most powerful AI models, drawing criticism from both supporters and opponents of AI regulation.

The US government's sudden order for Anthropic to withdraw its most powerful artificial intelligence models has sparked a wave of criticism from both advocates and opponents of AI regulation.

PBOC sets yuan midpoint at strongest since February 2023, signaling support for the currency amid ongoing economic pressures.

The People's Bank of China set the yuan's daily midpoint at its strongest level since February 2023.

China consumer spending may contract for first time since pandemic, extending economic slowdown despite booming trade — Bloomberg

China's consumer spending may have contracted for the first time since the pandemic, a setback that would extend a slowdown in an economy whose momentum is faltering despite booming trade.