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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- Netherlands suspended operational restrictions on Nexperia after talks with China; EU launched an anti-dumping probe into Chinese robotic lawn mowers.
- Nvidia reported Q3 revenue of $57 billion, up 62% year-on-year; HUMAIN plans to deploy up to 600,000 Nvidia GPUs and build a U.S. data center.
- Kuaishou’s Q3 operating profit rose 70% to 5.3 billion yuan; Luma AI raised $900 million; DeepMind is opening a new AI lab in Singapore.
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Who’s Who
- Nexperia Holding B.V.
- The Dutch government has temporarily suspended restrictions on the Chinese-owned chipmaker Nexperia Holding B.V. This decision, following discussions with Beijing and international partners, lifts operational restrictions on Nexperia and its 30 global subsidiaries, allowing unrestricted management of assets, intellectual property, business operations, and personnel.
- Husqvarna AB
- Husqvarna AB, a Swedish garden tool manufacturer, is facing increased competition from Chinese smart-hardware makers. The company filed a complaint with the European Commission, leading to an anti-dumping investigation into Chinese robotic lawn mowers, alleging unfair pricing practices.
- China United Network Communications Group Co. Ltd.
- China United Network Communications Group Co. Ltd., also known as China Unicom, recently appointed Dong Xin as its new chairman and Communist Party chief. Dong Xin is a veteran telecom executive, returning to the industry after a nearly two-year stint in a top media regulatory position. This appointment fills the vacancy left by former chairman Chen Zhongyue.
- China Mobile Group Co. Ltd.
- China Mobile Group Co. Ltd. is a telecommunications company. Its former chairman, Chen Zhongyue, was tapped to lead the company on October 28. This move filled a vacancy left by Dong Xin, who returned to the industry as chairman of China Unicom.
- Nvidia Inc.
- Nvidia Inc. reported significant financial growth, with third-quarter revenue hitting $57 billion, a 62% year-on-year increase. Its non-GAAP net profit also grew by 59% to $31.8 billion. The company's data center business specifically saw a 66% surge, reaching a record $51.2 billion. Additionally, HUMAIN plans to deploy up to 600,000 Nvidia GPUs, including the NVIDIA GB300 platform, over the next three years.
- HUMAIN
- HUMAIN (人工科技) is an AI company under Saudi Arabia's Public Investment Fund. It plans to deploy up to 600,000 Nvidia GPUs over the next three years, including the NVIDIA GB300 platform. HUMAIN also intends to build a data center in the U.S. and train its HUMAIN Chat model. It is leading a $900 million Series C funding round for Luma AI and partnering with them on "Project Halo," a 2-gigawatt supercomputing cluster.
- AMD
- AMD participated in the Series C funding round for video generation startup Luma AI. This investment aligns AMD with other significant participants including HUMAIN, Andreessen Horowitz, Omniva, and Amplify Partners in supporting Luma AI's growth.
- Kuaishou Technology Co. Ltd.
- Kuaishou Technology Co. Ltd. recorded a 70% increase in third-quarter operating profit, reaching 5.3 billion yuan ($746 million). Revenue grew 14.2% year-on-year to 35.6 billion yuan, with adjusted profit at 5 billion yuan. The company, focused on short-video, saw daily active users rise 3% to 416.2 million and monthly active users increase 2.4% to 731.1 million.
- Google DeepMind
- Google DeepMind will establish a new AI lab in Singapore to collaborate with regional governments, businesses, and academic institutions. Its Asia-Pacific team has more than doubled in the past year, focusing on improving the Gemini model and promoting new models in Google products.
- Luma AI
- Luma AI, a video generation startup, recently closed a $900 million Series C funding round. The funding was led by HUMAIN, an AI firm backed by Saudi Arabia's Public Investment Fund, with additional participation from AMD, Andreessen Horowitz, Omniva, and Amplify Partners. Luma AI also plans to collaborate with HUMAIN on Project Halo, a 2-gigawatt supercomputing cluster set for deployment between 2026 and 2029.
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