Technology expert Yin Ruizhi believes that the current artificial intelligence fever is still at its nascent stage whereby tech companies need to focus on technical development before it becomes profitable. However, compared with the previous breakthroughs in the mobile internet era, the tech industry is exploring emerging business paradigms with no rush to capitalise on generative AI for now.
Gaming
Economy
Gambling and casino-hopping have long been Macau's calling card. Lianhe Zaobao’s China Desk looks into what else Macau has to offer, and how the local government is trying to wean its economy off the gaming industry, especially given mainland China’s clampdown on illegal gambling.
Technology
Hit by China's regulatory crackdowns, increased competition and slowing growth, Chinese internet titan Tencent had a tough 2021. The company has had to restructure and expand its international revenue streams, and it is now faced with tough layoffs. How is it staying relevant in the tech game, and does this mean that "winter is coming" for the internet giant?
Technology
The phrase “metaverse” has been bandied about but what exactly is it and how far along is the project? Academic James Pang and entrepreneur Liang Xinjun explain that the implications of this development are larger than most think. The metaverse is not so much a sub-world to enter into on the side but the integration of the real and virtual worlds and economic systems, essentially creating a new world with new governance structures and norms. US and Chinese firms are, of course, racing to get a big slice of the future.
Technology
Technology expert Yin Ruizhi notes that Microsoft’s recent announcement to acquire gaming company Activision Blizzard is not just about breaking into the gaming market, but an important step towards building its capabilities to develop the metaverse. Can it succeed and will other Western tech giants follow?
Technology
When it comes to the metaverse, the various tech giants are taking different approaches, from conservative to aggressive. Technology expert Yin Ruizhi takes a look at three major players — Facebook, Nvidia, and Tencent — and their respective strategies, and how they are likely to contribute to building the metaverse.
Technology
In this second article in a series on the metaverse, technology expert Yin Ruizhi says that video creation platforms like Douyin and Kuaishou, as well as sandbox games such as Mini World, might give an idea of how users can help create the virtual world in the metaverse if the financial and creative bar is lowered such that participating is as easy as 1, 2, 3.
Technology
One of the hottest buzzwords recently is the metaverse. In this first article in a series on the topic, technology expert Yin Ruizhi explains what the metaverse is, what would make it viable and why creating the metaverse is still very much a pipe dream.
Technology
The metaverse is the latest tech industry buzzword that has generated great interest among Chinese tech companies and China's capital market. Not everyone is equally enthusiastic, however, as Chinese authorities appear to be taking a cautious approach, attempting to strike a balance between regulatory control and the risk of stifling innovation. Caixin explores what's in store for the metaverse.