Chips: Shanghai-based Iluvatar CoreX claims its new Tiangai 300 GPU matches and even surpasses Nvidia's H200 in real-world AI workloads. According to the South China Morning Post, in a live demonstration for Chinese media on Wednesday the chip outperformed the H200 in multimodal tasks such as text-to-image and text-to-video. These are the company's figures, not an independent test.
Chips: Shares of Biwin Storage Technology and Moore Threads fell more than 10% on Thursday amid a broad rout in Chinese tech stocks, despite strong third-quarter revenue driven by AI demand. According to SCMP, Biwin ended the day down 15.79%, after rising 8.4% the day before.
Technology: Tencent added phone-based remote control to its WorkBuddy agent platform: users can watch, in real time, the computer the agent is working on and step in when a task gets stuck or needs authorization. According to TechNode, each computer is limited to one authenticated mobile device and traffic is encrypted. Separately, the company told SCMP it is using Southeast Asia, particularly Indonesia, as a launch pad for WorkBuddy outside China.
Technology: BYD reported third-quarter net profit of ¥10.02 billion, up 28.1%, on revenue of ¥221.49 billion. According to Electrek, it exported 550,704 vehicles in the quarter, up 137%, while sales elsewhere, mostly in China, fell about 12%. Inventory is up 60% since January, and profit came in below brokers' forecasts.
