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AI industry sees prosperous future in China

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BEIJING, June 4, 2024 /PRNewswire/ — A report from People’s Daily: The application of rubber seal strips onto a car roof was accompanied by a captivating display of a huge robotic arm picking it up and rotating it mid-air. This interesting scene was unfolded at a 5G-Advanced (5G-A) flexible production line in a factory of China’s carmaker Great Wall Motors (GWM) in Baoding, north China’s Hebei province.

Thanks to the integration of 5G-A and artificial intelligence (AI), this efficient production line has slashed 60 hours of downtime per year, thus avoiding potential losses of over 800 million yuan ($110.36 million) that could have been incurred by delayed deliveries.

In recent years, China has made significant strides in AI development, marked by steady growth in industrial scale, robust infrastructure, and a rapid increase of innovative products.

“The vast application scenarios, huge market, and massive talent pool have laid a solid foundation for the vigorous development of China’s AI industry,” said Yu Youcheng, deputy secretary-general of the Chinese Association for Artificial Intelligence (CAAI).

According to Yu, a large number of new breakthroughs, technologies and applications are rapidly emerging across different application scenarios in China.

Gradual improvement in infrastructure — In 2023, the total size of China’s data center racks reached 8.1 million and the scale of computing power reached 230 EFLOPS. In particular, the scale of intelligent computing power has reached 70 EFLOPS, an increase of over 70 percent.

Steady growth in industrial scale — The total scale of China’s core AI industry has reached 500 billion yuan, and the number of related enterprises has exceeded 4,400. According to a report released by CCID Consulting, a market research firm affiliated with China Center for Information Industry Development (CCID), the market scale of China’s AI industry will reach 1.73 trillion yuan by 2035, accounting for 30.6 percent of the world’s total.

Continuous expansion of integrated applications — So far, large-scale AI models developed by China have shown tremendous potential in areas such as smart mining, drug research and development, meteorology, government services, finance, intelligent manufacturing, and railway management. The integrated application of the industrial internet in China has expanded to 49 major categories of the national economy, and generative AI has been widely applied in chatting robots, intelligent search, and text generation.

At the general cargo terminal of Rizhao Port in east China’s Shandong province, a diverse array of general cargo items came together before making their way to different parts of the world, including steel plates made in Handan, north China’s Hebei province, excavators from Zhuzhou, central China’s Hunan province, and drainage pipes from Zhengzhou, the capital city of central China’s Henan province.

In the past, the complex loading and unloading procedures for these items, which varied greatly in shape and size, resulted in low operational efficiency. Now, with an AI-enabled planning system, the port has boosted its overall operational efficiency by 10 percent and yard throughput by 20 percent.

Apart from assisting intelligent manufacturing, AI technology can also make typhoon forecasts, develop new drugs, identify faults, and formulate production plans. These remarkable breakthroughs are paving the way for an era of intelligence.

The application of AI technology in the transportation sector has enhanced operational efficiency and raised safety levels.

In Changsha, the capital city of Hunan province, buses have been connected to an intelligent traffic control system managed by the traffic police. When a bus approaches an intersection, the traffic signal will automatically switch to green, allowing the bus to have priority passage.

“Smart public transportation saves commuting time by 30.7 percent on average compared to regular transportation modes,” said Liu Gao, a project leader of Xiangjiang Smart Tech Innovation Center. So far, 75 routes in downtown Changsha have gone through intelligent transformation, Liu added.

AI technology has also made scientific research more efficient. Chinese software company Kingsoft has unveiled a one-stop office productivity platform powered by AI, which can analyze data as well as reading and recognizing Chinese characters, serving as a “well-rounded” digital employee.

While applied in experiments, AI technologies can significantly save the time needed for scientific research. For instance, Baidu AI Cloud and Shanghai Jiao Tong University have jointly developed an open-source platform for scientific data, which can accelerate the entire chain of chemical synthesis, ranging from molecular design and reaction design to condition generation and reaction testing. This platform can reduce the time required for designing potential functional molecules, such as drug molecules and their synthesis plans, from several months to just dozens of minutes.

In the face of the booming development of the AI industry, many experts and business leaders have highlighted the importance of accelerating AI-related sci-tech innovation and promoting high-quality development and high-level application of AI in order to foster new growth drivers.

Moving forward, China will continue to enhance AI infrastructure, expand AI applications, and advance key and core AI technologies to bring its AI industry onto a higher level.

 

View original content:https://www.prnewswire.com/apac/news-releases/ai-industry-sees-prosperous-future-in-china-302163353.html

SOURCE People’s Daily

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B2PRIME Group Appoints Ex-State Street Vice President to Lead Institutional Business Development

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LIMASSOL, Cyprus, April 28, 2025 /PRNewswire/ — B2PRIME Group, a global financial services provider for institutional and professional clients, has announced the appointment of Fernando Wladdimiro as its new Institutional Business Development Manager. He joins the company from State Street, where he held the role of Vice President – eFX Sales & Relationship Management.

Fernando joins B2PRIME after more than 7 years at State Street, where he held the role of Vice President. At State Street’s GlobalLink division, Fernando played a dual role as both sales lead and relationship manager, overseeing a full spectrum of responsibilities—from developing sales strategies and managing complex implementations to onboarding high-value clients and driving significant account growth.

His appointment comes as B2PRIME continues to expand its institutional offering and global reach. The company, a regulated Prime of Prime liquidity provider, is focused on delivering Tier-1 liquidity solutions across a wide range of asset classes, including Forex, Crypto CFDs, Indices, and Commodities.

“Joining B2PRIME is a natural and exciting next step in my career,” said Fernando Wladdimiro. “The company’s focus on institutional excellence, its powerful liquidity offering, and the leadership’s commitment to technology innovation make it a unique player in the Prime of Prime space. I’m thrilled to be part of a team that not only understands the market but is shaping its future.” Eugenia Mykuliak, Founder & Executive Director at B2PRIME Group, commented on the appointment: “We are delighted to welcome Fernando to our team. His experience and achievements speak volumes. Strengthening our institutional business development is crucial as we continue to grow our footprint globally. Fernando’s deep understanding of client needs and market dynamics aligns perfectly with our vision.”

Fernando’s arrival supports B2PRIME’s goal of enhancing its institutional client services and building long-term partnerships based on reliability, performance, and innovation. And as demand for sophisticated liquidity solutions continues to grow, B2PRIME is positioning itself to meet the evolving needs of institutional clients worldwide.

About B2PRIME Group

B2PRIME Group is a global financial services provider for institutional and professional clients. Regulated by leading authorities—including CySEC, SFSA, FSCA, and FSC Mauritius—the company offers deep liquidity across multiple asset classes. Committed to the highest compliance standards, B2PRIME delivers institutional-grade trading solutions with a focus on reliability, transparency, and operational excellence.

Contact:

B2PRIME Group
sales@b2prime.com 

Photo: https://mma.prnewswire.com/media/2674478/B2PRIME_Fernando_Wladdimiro.jpg

 

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SOURCE B2PRIME Group

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TOKEN2049 Dubai Hits 15,000-Ticket Sell-Out – Largest Crypto Gathering of 2025

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The global crypto industry gathers in Dubai for TOKEN2049 Week

15,000 attendees from 160+ countriesSpeaker lineup features Binance Founder Changpeng Zhao and Eric Trump among many industry leadersMore than 500 side events organized around TOKEN2049 Dubai

DUBAI, UAE, April 28, 2025 /PRNewswire/ — TOKEN2049, the world’s premier crypto conference, has officially sold out ahead of the event, with 15,000 participants setting a new attendance record for 2025. From 30 April – 1 May 2025, TOKEN2049 Dubai will host a landmark roster featuring Binance Founder Changpeng “CZ” Zhao, Executive Vice President of The Trump Organization Eric Trump.

They will be joined by more than 200 other founders, investors, builders and policymakers – including Balaji Srinivasan (The Network State), Raoul Pal (Co-Founder and CEO, Real Vision), Star Xu (Founder, OKX), Richard Teng (CEO, Binance), Paolo Ardoino (CEO, Tether), Arthur Hayes (CIO, Maelstrom), Jeremy Allaire (Co-Founder and CEO, Circle).

Alex Fiskum, Co-Founder of TOKEN2049, commented: “We’re excited to be welcoming 15,000 attendees to TOKEN2049 Dubai this week, with more than 80% flying in from around the world. The global crypto industry has truly gathered in Dubai for TOKEN2049 Week, with over 500 side events happening across the city. We’ve curated an incredible programme featuring the industry’s most influential voices, alongside immersive activations and a citywide experience. I’m proud of our team, who have spent over a year bringing this vision to life. We can’t wait to open our doors on Wednesday and showcase everything we’ve built.”

Redefining the way tech innovators connect, TOKEN2049 will transform Madinat Jumeirah into an immersive festival experience, where attendees can soar above the venue on an 18-meter zipline, plunge into ice baths, recharge with protein shakes and IV drips, and scale a colossal outdoor climbing wall – all while engaging with the industry’s most influential profiles. More than just a conference, the Dubai edition’s record attendance shows how TOKEN2049 has created a biannual convergence point for the global crypto industry.

To close the week, attendees will celebrate at AFTER 2049, the official TOKEN2049 Dubai closing party, at Be Beach Dubai on Friday, 2 May. Featuring a state-of-the-art spatial audio-visual setup, the multisensory celebration will be headlined by iconic DJ Seth Troxler and acclaimed electronic duo Monkey Safari. A limited number of tickets are still available here.

TOKEN2049 Dubai Title Sponsors include OKX – a leading technology company building a decentralized future; Binance – the largest crypto exchange by trading volume and users; BloFin – a global, secure, and user-first platform for premium futures trading; Spacecoin – a decentralized internet satellite network using blockchain technology for global connectivity; MEXC – a global exchange known as “Your Easiest Way to Crypto;” KuCoin: Shaping the Future of Crypto, and Mesh – the first global crypto payments network.

Alex Fiskum, Co-Founder of TOKEN2049, is available for interview.

The full list of TOKEN2049 Dubai speakers can be found here.

About TOKEN2049 
TOKEN2049 is a global Web3 event series, organised semi-annually in Singapore and Dubai, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is the preeminent meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry.

Logo – https://mma.prnewswire.com/media/2674547/TOKEN2049_Dubai_Logo.jpg

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SOURCE TOKEN2049

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Argus launches global carbon service

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LONDON, April 28, 2025 /PRNewswire/ — Leading commodities and energy information provider Argus has launched a new carbon service whose coverage spans both compliance emissions trading schemes and voluntary carbon markets worldwide in a single comprehensive offering.

Carbon markets are evolving to meet Paris Agreement climate obligations and Article 6 considerations agreed at recent UN Cop climate summits.  And as a result, market participants now need to navigate the complexities of cross-border emissions trade in a dynamic environment. This will involve the interplay between the international scope of Article 6, the EU’s Carbon Border Adjustment Mechanism — launching next year, and national emissions trading schemes getting under way in many countries around the world. And it will provide opportunities for players both to optimise trading decisions and boost liquidity.

As part of its new service, Argus provides daily comprehensive coverage of compliance and voluntary carbon markets, including assessments of the newly launched Australian Carbon Credit Unit (ACCU) and Australian Safeguard Mechanism Credit (SMC) schemes. These will be followed by price assessment launches for the Carbon Offsetting and Reduction Scheme for International Aviation (Corsia) and tech-based carbon removals. 

Argus’ interactive web portal facilitates the delivery of carbon prices, news, analysis and market data, while also enabling cross-commodity analysis that is critical to support hard-to-abate heavy industries, such as aviation, transportation, steelmaking, chemicals and agriculture, in achieving their decarbonisation goals. A new, weekly “In Focus” feature helps to navigate emerging markets and dissect policy implications.

Users can tailor the workspaces to meet their needs. A weekly global report curated by Argus editors then provides an effective summary of the main pricing and market developments, including analytical features and data visualisation. 

“The new Argus Carbon service is the most comprehensive one-stop venue to help market participants manage risks and digest what’s happening in this very complex and evolving environment. We aim to help markets navigate change as the fragmented mandated and voluntary carbon markets interact and integrate,” Argus Media chairman and chief executive Adrian Binks said.

Argus contact information 

London: Seana Lanigan
+44 20 7780 4200
Email Seana

Houston: Matt Oatway
+1 713 968 0000
Email Matt

Singapore: Tomoko Hashimoto
+65 6496 9960
Email Tomoko

About Argus Media

Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.

Headquartered in London with over 1,500 staff, Argus is an independent media organisation with 30 offices in the world’s principal commodity trading hubs.

Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.

Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic.

Trademark notices

ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, INTEGER, Argus publication titles and Argus index names are trademarks of Argus Media Limited.

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SOURCE Argus Media

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