Business Brief (May 25): China Pushes AI Chip Self-Reliance
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AI chip self-reliance
China’s National Development and Reform Commission said it will guide domestic AI models to adapt to homegrown computing chips, ensuring independent and secure development.
Hukou reform
China’s State Council issued a document promoting access to basic public services based on permanent residence, allowing nonregistered residents to receive services comparable to registered urbanites. The measures include expanding public rental housing for families with stable employment and improving access to education and healthcare.
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- China will guide AI models to adapt to domestically produced chips for independent and secure development.
- Hukou reform expands public services to nonregistered residents, including housing, education, and healthcare.
- US indicted four Chinese container manufacturers for alleged market manipulation; Standard Chartered plans 8,000 job cuts.
- Standard Chartered
- Standard Chartered, a British multinational bank, plans to cut 8,000 jobs, according to the article. This move is part of restructuring efforts, though further details are not provided in the report.
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