Meet up with China

1. Sam Altman’s plan for a $7 trillion-worth semiconductor empire consists of constructing dozens of chip fabrication vegetation with cash from Center East traders, then having the Taiwanese chipmaker TSMC run them. (Wall Road Journal $)

2. A former TikTok govt is suing the corporate for unlawfully firing her as a consequence of what they known as an absence of “docility and meekness.” (Monetary Instances $)

3. If he’s reelected, Donald Trump is promising a 60% tariff on all Chinese language imports. If that really occurs (huge if), it could nearly wipe out all imports from China by 2030. (Bloomberg $)

• For the primary time in 22 years, Mexico has surpassed China to be the USA’ largest import supply. (ABC Information)

4. Members of the European Union have had a falling out due to their completely different positions on China and how one can deal with commerce throughout financial sectors. (South China Morning Put up $)

5. A brand new report discovered greater than 100 web sites disguised as native information shops in Europe, Asia, and Latin America are literally a part of an affect marketing campaign linked to a Beijing public relations agency. (Reuters $)

6. How Hefei, a metropolis in central China, rose as much as turn out to be a frontrunner in electric-vehicle manufacturing by investing authorities cash in fledgling startups. (New York Instances $)

Misplaced in translation

Whereas we’re on the subject of digital pink packets, individuals are promoting AI-generated art work as pink packet designs this 12 months, based on the Chinese language publication Guokr. After WeChat allowed customers to customise what their pink packet seems like on the app in 2019, a brand new enterprise has emerged to let folks spend a couple of dollars and get a brand new search for their digital presents yearly. Profitable artists could make an honest bit of cash with it. 

Nevertheless, the trade is now unsurprisingly being disrupted by image-making AIs like Midjourney. There’s even a burgeoning entrepreneurial scene the place folks repackage these AI companies to tailor them to design pink packets, simplifying the method. On social media, some individuals are promising that you would be able to earn fast money by producing AI pink packets, attracting others to money in on the pattern. However in actuality, there are nonetheless many obstacles to fine-tuning the designs and gaining traction amongst potential patrons. 

Yet one more factor

You may not be capable to get an Apple Imaginative and prescient Professional but, however you possibly can hop on a Hainan Airways flight, the place all passengers are given a pair of augmented actuality goggles made by a Chinese language firm at no cost in-flight leisure. They appear a lot lighter than Apple’s headset. I need to strive them out!

ROKID