Industry trends:
Hong Kong government will launch a HK$10 billion new industry acceleration plan this year
On February 28th, Hong Kong Financial Secretary Paul Chan Mo-po announced a HK$10 billion industry acceleration plan for this year. This initiative aims to fund companies in life and health technology, artificial intelligence, data science, advanced manufacturing, and new energy technology. The government expects to draw investments from 50 to 100 companies, totaling at least HK$20 billion in Hong Kong.
Japan’s generative AI market may reach 85 billion CNY in 2030
In Japan, image and video-based generative artificial intelligence has been increasingly used in fields such as animation, design, and advertising, and mature works are constantly being released. With the development of global artificial intelligence technology, Japan is also focusing on developing artificial intelligence based on Japanese language learning data. It is estimated that in 2030, Japan’s generative artificial intelligence market size will reach 1,777.64 billion yen.
Enterprise News:
Claude 3: ChatGPT finally has serious rival
On the evening of March 4th, Beijing time, Anthropic released the latest generation of large model Claude 3 without warning, only 8 months after releasing the previous generation Claude 2. Anthropic is a serious rival to OpenAI, and its core developing team is also the original entrepreneurial team of OpenAI. The team separated due to disagreement with the OpenAI concept and established a new company Anthropic in 2021. In 2023 alone, Anthropic received five consecutive rounds of financing totaling US$7.3 billion.
Huawei Cloud released global business Boosting 2.0 solution, and new nodes will continue to be launched overseas this year
On February 27th, Huawei Cloud showcased its Boosting 2.0 solution in Barcelona. This was at the MWC Forum. The solution targets Chinese enterprises abroad. Shi Jilin, the president, emphasized its support for the global smart revolution.
Huawei Cloud covers 30 geographic areas. It also reaches 85 availability zones in 170 countries. This network ensures a 50ms latency circle worldwide.
In Europe, Huawei Cloud exclusively serves Turkey. It works with local cloud vendors there. Meanwhile, in Latin America, Huawei Cloud leads in node layouts.
In Asia-Pacific, it boasts the unique 3AZRegion in Thailand. Additionally, it plans to expand to the Philippines in 2024. Africa celebrated its first Region in South Africa. Lastly, the Middle East’s Saudi Region achieved 3AZ in 2023. This milestone highlights Huawei Cloud’s commitment to reliability and speed.
ZEEKR joins hands with Philippine Autohub Group to enter the Philippine market
ZEEKR, the electric vehicle brand owned by Geely Automobile, announced its partnership with the Philippines Autohub Group to enter the Philippine market. The company will start preselling and delivering the ZEEKR 001 and ZEEKR X models locally from the second quarter of this year. Moreover, ZEEKR plans to open its first store in the Philippines, ZEEKR Nitrogen Space, in BGC, Manila’s core business district, within the first half of this year.
Toyota plans to invest approximately 2.2 billion users in Brazil
On March 3rd, Brazilian Vice President and Industry Minister Geraldo Alckmin announced on social media that Toyota would soon invest 11 billion reais (approximately US$ 2.2 billion) in Brazil over the coming years. Consequently, this investment is set to create 2,000 new jobs. Furthermore, local media have reported that Toyota plans to manufacture a hybrid car and an SUV at its Sorocaba Plant, Toyota do Brasil Ltda.
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