Nobel Winner Warns China Is ‘Nanoseconds’ Behind in Quantum Race

A recent report from Bloomberg Intelligence highlights the challenges facing China's artificial intelligence (AI) sector, indicating that while there is significant investment, the path to profitability remains long and uncertain. The analysis underscores the complexities of scaling AI technologies in a competitive landscape.

BNY Strategist Geoffrey Yu has indicated that investors are factoring in the risk of a K-shaped economy in the US, where higher-income consumers continue to spend while lower-income individuals reduce their expenditures due to inflation. This trend is reflected in the declining exposure of clients to US consumer-related stocks, particularly in discretionary staples like food production.

China's Zhuque-3 rocket, resembling SpaceX's Falcon 9, is on track to become the country's first reusable rocket, marking a significant step in China's space ambitions. This development highlights the growing capabilities of Chinese aerospace technology and its potential to compete with established players in the global space industry.

Amazon has initiated a trial for 30-minute delivery services in two states in the US, aiming to enhance customer satisfaction by catering to the growing demand for rapid delivery options. This move reflects a shift towards immediacy in consumer expectations, particularly in the e-commerce sector.

Samsung has officially unveiled its Galaxy Z TriFold phone, featuring a 10-inch foldable screen, which is set to launch in Korea this month, followed by a release in the US early next year. This innovative device showcases a tri-fold design aimed at enhancing user experience and functionality in the smartphone market.

The Trump administration has officially renamed the National Renewable Energy Laboratory to the National Laboratory of the Rockies, marking a significant shift in the identity of a key institution in US renewable energy research.

Dan Wang, a research fellow at the Hoover Institution, highlighted the ongoing competition between the U.S. and China in trade and technology, suggesting that the global economy is becoming increasingly protectionist and fragmented. He emphasized that China is intensifying its focus on artificial intelligence and other technologies, posing a significant challenge to the West.

Klook Technology Ltd. is reportedly postponing its planned listing in the US to early 2026 as the online travel platform awaits a more favorable market environment. This decision comes amidst ongoing fluctuations in the financial markets, which have affected many companies' initial public offerings.