Tech Brief (Nov. 20): DeepMind to Open AI Lab in Singapore
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Netherlands suspends Nexperia asset freeze
The Dutch government has temporarily suspended a controversial ministerial order restricting operations at Chinese-owned chipmaker Nexperia Holding B.V., after high-level talks with Beijing aimed at defusing tensions in the global semiconductor supply chain. Vincent Karremans, the Netherlands’ minister of economic affairs, called the decision a “constructive step” following discussions with European and international partners. The move lifts operational restrictions on Nexperia and its 30 global subsidiaries, allowing them to manage assets, intellectual property, business operations and personnel without government interference.
EU launches anti-dumping probe into Chinese robotic lawn mowers
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- The Netherlands suspended its freeze on Chinese-owned Nexperia’s assets; the EU launched an anti-dumping probe into Chinese robotic lawn mowers.
- Nvidia reported Q3 FY2026 revenue of $57 billion (up 62% YoY), while HUMAIN plans to deploy up to 600,000 Nvidia GPUs and Luma AI raised $900 million to build a supercomputing cluster.
- Kuaishou’s Q3 operating profit rose 70%; Google DeepMind will open an AI lab in Singapore; China’s AI toy market is projected to reach 29 billion yuan in 2025.
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Who’s Who
- China United Network Communications Group Co. Ltd.
- Dong Xin has been appointed chairman and Communist Party chief of China United Network Communications Group Co. Ltd. (China Unicom). This marks his return to the telecom industry after nearly two years in a media regulatory role. He fills the vacancy left by Chen Zhongyue, who moved to China Mobile Group Co. Ltd.
- China Mobile Group Co. Ltd.
- China Mobile Group Co. Ltd. recently saw a change in leadership. Its former chairman, Chen Zhongyue, was appointed to lead the company on October 28. This move followed the announcement that Dong Xin would become chairman and Communist Party chief of rival China Unicom.
- Nvidia Inc.
- Nvidia Inc. is a U.S. chip giant that reported a 62% year-on-year revenue increase to $57 billion in Q3 FY2026, with net profit up 59% to $31.8 billion. Its data center business saw a record 66% surge in revenue, reaching $51.2 billion. HUMAIN plans to deploy up to 600,000 Nvidia GPUs (including GB300 platform) in the next three years.
- Luma AI
- Luma AI, a video generation startup, recently secured $900 million in a Series C funding round. This round was led by HUMAIN, an AI firm backed by Saudi Arabia’s Public Investment Fund, with additional participation from AMD and venture capital firms. They also plan to partner with HUMAIN to construct a 2-gigawatt supercomputing cluster called Project Halo.
- Kuaishou Technology Co. Ltd.
- Kuaishou Technology Co. Ltd., a Beijing-based short-video company, saw its third-quarter operating profit jump 70% to 5.3 billion yuan ($746 million). Revenue increased 14.2% year-on-year to 35.6 billion yuan, and adjusted profit rose 26.3% to 5 billion yuan. The company's investment in AI contributed to these gains, particularly in its advertising segment. Daily and monthly active users also reached record highs.
- Google DeepMind
- Google DeepMind, referred to as 谷歌深度思维, announced plans to open a new AI lab in Singapore. This lab aims to foster collaboration with regional governments, businesses, and academic institutions. The company also noted that its Asia-Pacific team has significantly grown, focusing on enhancing the Gemini model and integrating new models into Google products.
- Arm Holdings
- I'm sorry, but "安谋公司" (Arm Holdings) is not mentioned in the provided article content.
- Nexperia Holding B.V.
- The Dutch government temporarily suspended a ministerial order that had restricted operations at Nexperia Holding B.V., a Chinese-owned chipmaker. This decision allows Nexperia and its 30 global subsidiaries to manage assets, intellectual property, business operations, and personnel without government interference, following high-level discussions between the Netherlands and Beijing.
- Husqvarna AB
- Husqvarna AB is a Swedish garden tool manufacturer that filed a complaint with the European Commission on October 6, alleging unfair pricing practices by Chinese competitors in the robotic lawn mower market. This complaint led the EU to launch an anti-dumping investigation into robotic lawn mowers imported from China.
- AMD
- AMD (Advanced Micro Devices) participated in a $900 million Series C funding round for video generation startup Luma AI. This investment aligns AMD with other significant players in the AI and tech sectors, including HUMAIN (backed by Saudi Arabia's Public Investment Fund) and venture capital firms.
- HUMAIN
- HUMAIN is an AI company backed by Saudi Arabia's Public Investment Fund. It plans to deploy up to 600,000 Nvidia GPUs, including the NVIDIA GB300 platform, over the next three years and build a data center in the U.S. HUMAIN also led a $900 million Series C funding round for Luma AI and is partnering with them to build a 2-gigawatt supercomputing cluster.
- Andreessen Horowitz
- Andreessen Horowitz, a venture capital firm, participated in the Series C funding round for video generation startup Luma AI. This funding round raised $900 million and was led by HUMAIN, with additional participation from AMD, Omniva, and Amplify Partners.
- Omniva
- Omniva is a venture capital firm that participated in the Series C funding round for video generation startup Luma AI. Other participants in the $900 million round included HUMAIN (backed by Saudi Arabia's Public Investment Fund), AMD, Andreessen Horowitz, and Amplify Partners.
- Amplify Partners
- Amplify Partners is a venture capital firm that participated in the Series C funding round for video generation startup Luma AI. They joined HUMAIN, AMD, and Andreessen Horowitz in contributing to the **$900 million** investment.
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