Samsung SDI, a subsidiary of Samsung Electronics, has announced plans to conduct a paid capital increase of KRW2 trillion (US$1.38 billion) to expand its Hungarian factory and invest in solid-state battery technology. The paid capital increase, a process where a company issues new shares to raise funds for strategic investments, will enable Samsung SDI to finance its ambitious expansion plans

Tencent Holdings Ltd. has reportedly ordered tens of billions of yuan worth of Nvidia H20 AI chips to support its expansion into large-scale AI applications. Caijing Magazine reports that this surge in demand has created a short-term supply crunch for H20 chips. To meet Tencent's order, Nvidia is now reallocating resources to stabilize deliveries

Baidu has introduced two new AI models, ERNIE 4.5 and ERNIE X1. Ahead of the originally scheduled April 1 release date, they have been made available to the public through the ERNIE Bot