Asia stocks edge higher as tech steadies after AI rout; Japan lags By Investing.com
- Asian stock markets showed mixed results as technology shares stabilized following a significant AI-driven sell-off.
- Alibaba shares rose approximately 0.7% after the company unveiled Qwen3.8-Max, its largest AI model to date, which reportedly outperforms competitors like Anthropic’s Fable 5 and Moonshot’s Kimi K3 at a lower cost.
- Despite Alibaba's gains, the Hang Seng index fell 0.6%, while South Korea’s KOSPI traded 0.3% lower after a steep 5% drop on Monday.
- The market movement reflects a cautious recovery period for tech giants like Tencent and Xiaomi as investors weigh the impact of new AI developments on regional competitiveness.
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Why hyper-efficient Singapore is Asia’s most AI-anxious society
• A regional survey across Singapore, Malaysia, Taiwan, and mainland China reveals that Singapore leads Asia in AI adoption but also reports the highest levels of anxiety regarding the technology. • Singaporean concerns center on job displacement, the rise of deepfakes, and an over-reliance on AI systems.
Read original · thinkchina.sgBusiness Brief (Aug. 3): Chinese AI Models Sweep Top Five in Global API Calls - Caixin Global
• Chinese AI models have dominated the global landscape by sweeping the top five positions for API calls, signaling a surge in international adoption. • In a competitive response, OpenAI has significantly reduced prices for its GPT-4o (referenced as 5.6) models by up to 80% to maintain market share.
Read original · caixinglobal.com
Caixin GlobalSTACKUP: The Stack's weekly tech startups and funding wrap
• ThreatLocker CEO Danny Jenkins highlighted the company's zero trust security platform in the latest STACKUP weekly tech wrap. • The report provides a comprehensive overview of recent funding rounds and operational milestones for several startups, including Simile and Eliyan.
Read original · thestack.technology
The StackWhat should the EU prioritise to tackle wildfires? Take our poll
• The European Union is deploying its largest-ever firefighting force to southern Europe to assist member states in battling ongoing wildfires. • The initiative aims to provide critical resources and personnel to high-risk regions currently facing extreme fire conditions.
Read original · euronews.com
EuronewsIndia roundup: R&D hubs, domestic tooling, OSAT investments, and AI hubs are powering India’s chip push
• India is accelerating its semiconductor ambitions by investing in R&D centers, indigenous design tools, and Outsourced Semiconductor Assembly and Test (OSAT) facilities to reduce import dependence. • HCLTech is expanding into the full-stack AI market by establishing its first AI data center at the upcoming Odisha Sovereign AI Park, partnering with the Government of Odisha and startup Sarvam.
Read original · digitimes.com
DIGITIMESDeepSeek's V4-Flash emerges as world's cheapest AI model to run: Report
• DeepSeek officially released its V4-Flash model on Friday, positioning it as the world's cheapest AI model to operate. • The launch is a strategic effort by the company to regain market momentum by leveraging its specialty in providing ultra-low-cost AI alternatives.
Read original · business-standard.comMalaysian crypto event drops Ms Pui Yi, Lee Kuan Yew’s home taken over: 7 Asia highlights
• Malaysian Prime Minister Anwar Ibrahim’s Pakatan Harapan (PH) coalition suffered a crushing defeat in the Negeri Sembilan polls. • The loss has sparked concerns regarding Ibrahim's political strategy as the Barisan Nasional (BN) coalition grows in dominance.
Read original · scmp.comThe emerging market funds that live or die by AI - Investors' Chronicle
• Emerging market funds are increasingly tied to the success of AI, specifically through semiconductor manufacturers in Taiwan and South Korea. • Fund managers are currently prioritizing companies benefiting from AI infrastructure expenditure over the "Magnificent Seven" US firms spending the capital.
Read original · investorschronicle.co.uk
Investors' ChronicleWEPSEA 2026 to Spotlight AI, Sustainability and Regional Growth Through 20+ Conferences and Networking Events
• WEPSEA 2026 will be held in Shanghai to showcase innovations in the packaging value chain, including digital printing, corrugated packaging, and food packaging technologies. • The event will feature over 20 conferences, workshops, and networking activities designed to provide technical insights and market intelligence for industry professionals.
Read original · manilatimes.net
The Manila TimesVast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum - EconoTimes
• Chinese AI unicorn Vast is reportedly exploring a potential initial public offering (IPO) on the Hong Kong stock exchange. • The move comes as the startup gains significant momentum, reflecting a broader surge in investor interest within China's rapidly expanding artificial intelligence sector.
Read original · econotimes.com
EconoTimesAlibaba Drops Another China AI Model With Breakthrough Performance
• Alibaba Group Holding Ltd. has released its latest flagship AI model, aiming to compete with top global industry leaders. • The company claims the new model achieves breakthrough performance levels comparable to high-end systems like Anthropic’s Fable.
Read original · finance.yahoo.com