Technology

AI industry sees prosperous future in China

Published

2 years ago

June 4, 2024

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

Technology

SpaceX perpetual futures become Binance’s No. 2 traded product; Binance captures over 60% market share across CEX and DEX venues

Published

2 hours ago

June 13, 2026

Binance exceeded $5.6 billion in SPCXUSDT trading volume over last 24 hours, with over $9 billion in accumulated trading volume across SpaceX’s Pre-IPO and post-public listing

ABU DHABI, UAE, June 13, 2026 /PRNewswire/ — Binance has captured over 60% market share for SpaceX derivatives trading across centralized and decentralized exchanges, establishing itself as the leading liquidity venue for the product.

SpaceX perpetual futures (SPCXUSDT) are now Binance’s second–largest traded product, after Bitcoin perpetuals, reflecting strong global demand for exposure to major public–market events.

Binance also offers SpaceX stock and bStock tokenized securities, giving users greater portfolio diversification and hedging opportunities.

Key highlights

SpaceX perpetual futures became Binance’s No. 2 traded product, reflecting significant global demand for exposure to SpaceX’s public market debut.Binance captured >60% market share across CEX and DEX venues for SpaceX derivatives trading.Binance recorded over $5.6 billion in SPCXUSDT trading volume over the last 24 hours, as of June 13, 9:00 AM UTC (Coinglass, CoinMarketCap).Binance leads all CEX and DEX venues in SPCXUSDT Open Interest at $167.22 million (one-sided count).Binance recorded over $9 billion in accumulated SPCXUSDT trading volume across SpaceX’s Pre-IPO and post-public listing on Nasdaq.Binance successfully transitioned the Pre–IPO Perpetual into a standard TradFi Perpetual following SpaceX’s Nasdaq listing, with orderly price discovery anchored to publicly available valuation signals, share-count data, and market expectations.After SpaceX disclosed a higher share count in its S-1/A filing, Binance was the only exchange to successfully rebase its SpaceX Pre-IPO Perpetual contract to ensure users were not negatively impacted by dilution.

“SpaceX’s public listing was one of the most closely watched market events globally. SpaceX derivatives have become Binance’s second–largest traded product, capturing more than 60% market share across CEX and DEX venues, and demonstrating the appeal of our liquidity and product design,” said Shunyet Jan, Head of Spot and Derivatives Business at Binance.

“Our range of products — Pre–IPO futures, standard TradFi futures, stock trading, and tokenized securities — lets users access opportunities across different market lifecycles. This performance underlines our belief that better accessibility unlocks latent demand.”

Binance now offers over 7,000 stocks and ETFs for trading, alongside a broad range of digital assets, moving closer to its vision for a multi-asset financial super app that connects users to global market opportunities.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Perps are subject to high market risk and price volatility (particularly outside traditional market hours). In respect of Pre-IPO Perps which are subject to transition to TradFi Perp, there may be particular price volatility following official listing of the Underlying Asset and the share price may not ever reach the Final IPO Price. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. TradFi Perps do not represent ownership of the relevant underlying asset. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, relevant Contract Specifications and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.

SOURCE Binance

Technology

LaVivid Hair Introduces Sports Hair Systems Collection for Men with Active Lifestyles

Published

2 hours ago

June 13, 2026

LaVivid Hair launches a sports-focused hair systems collection designed for men who want breathable comfort, secure attachment, and natural-looking confidence during workouts, football season, summer activities, and everyday movement.

IRVINE, Calif., June 13, 2026 /PRNewswire-PRWeb/ — As global football excitement builds and more men return to sports, workouts, travel, and outdoor activities, LaVivid Hair has introduced its Sports Hair Systems Collection, a curated lineup of breathable, secure, and natural-looking hair systems designed for men with active lifestyles.

Men should not have to choose between looking natural and living actively. This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.

For many men experiencing hair loss, staying active can bring concerns that go beyond performance. They may wonder whether a hair system will stay secure during sweat, whether the hairline will remain natural during movement, or whether they can focus on a game, workout, or summer activity without checking their hair.

LaVivid Hair created the Sports Hair Systems Collection to help answer those concerns with practical product choices built around comfort, hold, realism, and easier maintenance.

The collection focuses on four active-wear priorities:

Breathable comfort: Lace and lace-center constructions help improve airflow during warm weather, workouts, and active days.

Secure attachment: Hybrid bases with skin or poly perimeters provide a stable bonding area for tape or glue, helping wearers feel more confident during movement.

Natural appearance: Lace fronts, graduated hairlines, and realistic density options help maintain a natural look from different angles.

Easy maintenance: Active lifestyles require simple bonding, cleaning, and regular upkeep, especially after sweat, heat, or long wear.

“Men should not have to choose between looking natural and living actively,” said a LaVivid Hair spokesperson. “This collection was created for customers who want to work out, play sports, travel, and enjoy daily life with more confidence.”

Top recommendations from the Sports Hair Systems Collection include Simois, Light Crius, Upgrade Ares, and Mars. Each system serves a different active-wear need, from breathable full lace comfort to hybrid lace-and-skin constructions that balance airflow with secure bonding.

Simois is designed for wearers who want a breathable lace center, a natural lace front hairline, and a skin perimeter for reliable attachment. Light Crius offers a lower-density look with French lace comfort and easy bonding, making it suitable for warm-weather wear and lighter active routines. Upgrade Ares combines a lace center with an ultra-thin skin front for wearers who want a natural front appearance with practical maintenance. Mars, a full lace option, is ideal for men who prioritize maximum breathability and lightweight comfort for light sports and summer activity.

For sports and active lifestyles, LaVivid Hair also recommends pairing the right base with dependable attachment products such as Ultra Hold Tape and Ultra Hold Glue. The right adhesive routine can help improve confidence during workouts, football matches, and daily movement.

The Sports Hair Systems Collection is now available at LaVivid Hair. Customers can explore the collection here:

https://www.lavividhair.com/collections/workout?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318&utm_content=sports_hair_systems_collection

To learn more about LaVivid men’s hair systems, visit:

https://www.lavividhair.com/?utm_source=prweb&utm_medium=press-release&utm_campaign=prweb_260318&utm_id=prweb_260318

About LaVivid Hair

LaVivid Hair provides hair replacement solutions for men around the world, offering natural-looking men’s hair systems designed for different lifestyles, preferences, and everyday needs. Through continuous product development and customer-focused innovation, LaVivid Hair helps wearers regain confidence with comfortable, realistic, and reliable hair systems.

Media Contact

Charlie Sue, LaVivid Hair, 1 833-879-0279, service@lavividhair.com, LaVivid Hair

View original content to download multimedia:https://www.prweb.com/releases/lavivid-hair-introduces-sports-hair-systems-collection-for-men-with-active-lifestyles-302797971.html

SOURCE LaVivid Hair

Technology

Hexaware Expands Presence in Gujarat with New Delivery Center at GIFT City

Published

3 hours ago

June 13, 2026

MUMBAI, India, LONDON and ISELIN, N.J., June 13, 2026 /PRNewswire/ — Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today opened a new delivery center at Gujarat International Finance Tec-City (GIFT City), India’s premier international financial services hub. The center, inaugurated by Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat, will serve Hexaware’s global banking, financial services, and insurance (BFSI) clients across digital solutions, artificial intelligence (AI), cloud transformation, data engineering, and next-gen software services.

Hexaware’s established presence in Ahmedabad and Gujarat provides the foundation for this investment. With the GIFT City center, the company is building a technology and innovation hub that serves financial institutions across global markets. The company aims to create approximately 1,000 high-skilled jobs over the next three years, covering software engineering, digital transformation, AI, cloud, data analytics, business operations, and customer experience services.

“The establishment of Hexaware’s delivery center at GIFT City is a strong endorsement of Gujarat’s position as a globally competitive destination for financial services and technology. This is the kind of high-value investment the state has been building toward, and we are pleased to welcome Hexaware to this ecosystem,” said Chief Minister Bhupendra Patel.

“GIFT City represents a unique convergence of financial services, technology, and innovation. Our expansion into GIFT City aligns with our strategy of being closer to our customers while leveraging India’s exceptional talent ecosystem. We’re excited to contribute to the growth of Gujarat’s technology landscape and create meaningful career opportunities for skilled professionals,” said R. Srikrishna, CEO & Executive Director, Hexaware.

“GIFT City presents a compelling proposition for a company of Hexaware’s focus and scale. The financial services landscape, the quality of talent, and the policy framework the state government has put in place made this a clear decision for us,” said Vikash Kumar Jain, Chief Financial Officer, Hexaware.

The GIFT City center adds to Hexaware’s growing delivery footprint in India, supporting the company’s work with BFSI clients across global markets.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/hexaware-expands-presence-in-gujarat-with-new-delivery-center-at-gift-city-302799597.html