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Tuya Smart Co-Founder Alex Yang at Summer Davos 2026: The Future of AI Competition Lies in Real-World Applications

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DALIAN, China, June 26, 2026 /PRNewswire/ — The 17th Annual Meeting of the New Champions (AMNC, also known as “Summer Davos”) of the World Economic Forum was held from June 23 to 25 at the Dalian International Conference Center. Alex Yang, Co-Founder, COO, and CFO of Tuya Smart (NYSE: TUYA; HKEX: 2391), was invited to participate in multiple sessions, including “China’s Lobster Fever,” “AI and Future Growth,” and “Owning the Interface: Strategy in the Age of AI Agents,” where he shared his perspectives on the evolving global AI landscape and the future of innovation at scale.

Under the theme of “Innovating at Scale,” the forum convened more than 1,700 leaders and innovators from government, business, and academia across over 90 countries and regions to explore how artificial intelligence, industrial digitalization, and emerging innovation models are reshaping economic growth and technology adoption.

A New Phase of Global AI Innovation

Breakthroughs in foundation models and AI agents are accelerating the rise of artificial intelligence as a new frontier of global technological competition. China’s AI industry and technology enterprises have drawn growing international attention through rapid commercialization and extensive application scenarios. Reflecting this momentum, AI and digital transformation were among the most discussed topics at Summer Davos, with sessions exploring topics such as the boundaries of AI-first enterprises and the implications of increasingly autonomous cross-border AI agents.

Behind China’s “Lobster Fever”

The widespread adoption of AI tools was among the forum’s defining themes. During the session “China’s Lobster Fever,” Yang joined Cathy Li, Head of AI, Data and Metaverse at the World Economic Forum, and S. Alex Yang, Professor of Management Science and Operations at London Business School, to discuss the factors driving China’s rapid AI adoption and innovation.

Yang noted that China’s ability to achieve large-scale AI adoption is the result of several reinforcing advantages.

“First, the country has a vast number of developers who are actively exploring and building AI applications. Second, both individuals and businesses have demonstrated a remarkable openness for exploring and testing new technologies. More fundamentally, the strong aspiration across society for development and progress has become a powerful intrinsic driver of AI innovation.”

“At Tuya, we are dedicated to bringing AI into various real-world industry scenarios,” Yang added. “In the smart home sector, we lower the barriers to building AI-native products through standardized AI modules and an active developer community. In the energy sector, our AI solutions span the entire energy lifecycle—from generation and transmission to storage and consumption. By integrating real-time and dynamic electricity pricing data from more than 800 utility companies across Europe, our platform can intelligently optimize energy loads and help users efficiently reduce overall energy costs.”

Commenting on the commercialization of AI, Yang noted that the industry is shifting “from traditional usage-based pricing models toward an outcome-driven value-based pricing model.” He added, “For enterprises, the winners of the AI era will be those that not only adopt AI technologies early but also build AI-native organizations and talent.”

Advancing Global AI Applications Through an Open Developer Ecosystem

During Summer Davos, Yang also gave interviews to major global media outlets including CNBC, Bloomberg, and CGTN, sharing his views on the commercialization of AI applications, developer ecosystem development, and the large-scale deployment of AI hardware.

He emphasized that in an era of rapid technological change and accelerating industrial transformation, open innovation is essential to sustaining long-term competitiveness. Looking ahead, Tuya will continue to deepen its focus on AI Home, AI Energy, and AI Robot applications, working with global developers and ecosystem partners to advance AI from technological breakthroughs to large-scale deployment.

About Tuya Smart

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a leading global AI cloud platform service provider dedicated to bringing AI into everyday life. Through its TuyaOpen open-source development framework and universal AI Agent engines, including the AI Agent development platform, Tuya integrates multimodal AI capabilities to lower barriers for AI development, efficiently advancing the realization of AI-driven lifestyles and accelerating AI integration with the physical world. Tuya offers innovative physical AI solutions for smart devices, commercial applications, and industry developers through its cloud computing and spatial intelligence capabilities. It also provides a complete, open, and neutral global AIoT ecosystem.

As of Mar 31, 2026, the Tuya AI Developer Platform had over 1,970,000 registered AI developers from more than 200 countries and regions.

 

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CHiQ at IFA 2026: From Global Expansion to Deeper Local Engagement

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BERLIN, Sept. 4, 2026 /PRNewswire/ — At IFA Berlin on September 4, CHiQ unveiled its new AI-powered home appliance range, covering TVs, refrigerators, air conditioners, and washer-dryer combos. Rather than emphasizing technical specifications in isolation, the brand demonstrated how AI integrates into real-life household routines, marking a shift from technological innovation to everyday experiences and reflecting parent company Changhong’s continued focus on localization across global markets.

To address diverse household needs, CHiQ is embedding AI into a growing number of everyday scenarios. Its RGB MiniLED AI TV lineup integrates an integrated AI Sports Platform, transforming the TV from a traditional display into an interactive hub for home fitness and shared activities. The air conditioner features AI Human Presence Radar, which detects users’ locations and habits to adjust airflow dynamically. Meanwhile, the AI-powered refrigerator and laundry care system employ intelligent sensing and monitoring to help users take a more proactive approach to managing food freshness and garment cleanliness.

On IFA’s opening day, Grundig, CHiQ’s strategic partner and a premium European home appliance brand, presented a new product lineup across TVs, refrigerators, washer-dryers, and air conditioners. This showcase represents a further extension of Grundig’s brand development and product strategy and points to a new direction for Grundig in European and global markets.

In recent years, CHiQ’s focus has centered on simplifying everyday household chores through smart innovation. The brand has introduced a virtual giant panda as an AI interactive assistant, adding warmth and personality to its smart TVs and other AI-enabled appliances while naturally incorporating distinctive elements of Chinese culture into the user experience.

Skiing has also become another bridge connecting CHiQ with European lifestyles. Over the same period, the brand has strengthened its European presence as an official data partner of the FIS Ski Jumping World Cup. These efforts have deepened CHiQ’s connections with consumers in Europe and around the world. At the same time, the brand incorporates the speed of skiing and the pristine character of winter sports into its products, bringing technology closer to users’ lifestyles.

Behind these initiatives lies a broader shift: CHiQ is advancing its localization efforts. From product experiences and brand messaging to sports, culture and other aspects of local life, the company is establishing more diverse touchpoints as it expands its presence in Europe. Moving beyond simply entering overseas markets toward becoming part of them, CHiQ is bringing its global expansion into closer alignment with the local markets it serves.

About CHiQ

CHiQ, one of the world’s leading manufacturers of consumer electronics and household appliances, is redefining industry standards with innovative products, intelligent technologies, and a growing commitment to corporate social responsibility. Its influence continues to grow across global markets, especially in Europe.

SOURCE CHiQ

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New Poll: Parents Overwhelmingly Support the Agreement Between the States & Meta To Keep Young People Safe Online

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More Than Four-in-Five Parents Want Other Platforms Such As TikTok, YouTube and Snapchat to Adopt Safeguards

WASHINGTON, D.C., Sept. 4, 2026 /PRNewswire/ — The Coalition to Empower our Future (CEF) today released new research finding overwhelming support among parents nationwide for the recent agreement between states across the country and Meta to strengthen protections for young people online and give parents additional tools to support their children. The findings show that parents not only support the agreement, but also want other social media platforms to follow Meta’s lead and implement similar protections so young people have consistent safeguards across platforms.

“Parents want practical tools that help them keep their kids safe online, and they want those tools no matter what platform their kids are on,” said Glen Weiner, executive director of the Coalition to Empower our Future. “This agreement is an important step forward that will help protect young people using Instagram and Facebook, but kids don’t spend all their time on one platform. To continue making progress, other social media platforms need to join these efforts and adopt the same policies. There’s no single solution to the challenges young people are facing, but giving parents more tools and helping young people build healthier habits with technology are important pieces of a broader, comprehensive approach.”

According to the survey, more than four-in-five parents across the country support the agreement between the states and Meta, including 82 percent of Democratic parents and 84 percent of Republican parents. Other key findings include:

Parents believe the new safety measures will have a positive impact on youth mental health, including expanded parental controls (82 percent), daily screen-time limits (80 percent), and muting notifications during school hours (77 percent) and overnight (76 percent).Overwhelming majorities of parents on both sides of the aisle want other platforms to adopt the same policies. More than four-in-five say other platforms should implement the same online safety measures, including 85 percent of Democratic parents and 86 percent of Republican parents.

Support is similarly strong when parents are asked about individual platforms, including:TikTok (85 percent);YouTube (84 percent); andSnapchat (82 percent).Parents want policymakers to take action. Four-in-five parents (80 percent) would support their state legislature putting these online safety measures into law, and more than two-thirds of parents (67 percent) would be more likely to vote for an elected official who advances these measures.

The new findings build on previous research from CEF showing that parents and voters want a comprehensive approach to youth mental health that gives families practical tools and teaches young people how to navigate technology safely and responsibly.

The full research findings can be found HERE.

The research, conducted between August 28 and August 31, 2026, in partnership with Mercury Analytics, included an online survey of 1,000 parents nationwide.

About the Coalition to Empower our Future

Coalition to Empower our Future is an organization bringing together a range of voices to fully inform solutions that empower youth, parents, communities, and society. The Coalition to Empower our Future supports solutions that are inclusive of the full spectrum of factors impacting youth mental health. Former Montana Governor Steve Bullock, former U.S. Representative Carlos Curbelo, and Dr. Caroline Carney, a board-certified psychiatrist and internist, serve on the board of directors of the Coalition to Empower our Future.

To learn more, visit empowerourfuturecoalition.com or follow Coalition to Empower our Future on Facebook, X and YouTube.

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SOURCE Coalition to Empower our Future

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Bybit On-Chain Earn Raises BTC Staking Yield by 50% to 1.2% APR

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DUBAI, UAE, Sept. 4, 2026 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce Bybit On-Chain Earn has partnered with Function (FBTC) to upgrade its BTC staking Vault product, raising the guaranteed annualized return from 0.8% to as much as 1.2%, a 50% increase of the evergreen offering.  With Bybit, BTC holders no longer need to sit on their idle asset as they navigate a range-bound BTC.

In early September 2026, BTC has been consolidating around the $80,000 level after rebounding from roughly $62,600 in August and briefly climbing above $81,000 in late August. The cryptocurrency continues to hold above its key moving averages, encouraging many long-term holders to maintain their position.

Bybit On-Chain Earn‘s new BTC staking solution comes with a guaranteed minimum return, distinguishing it from variable-rate products where yield fluctuates with market conditions. Eligible users may subscribe to a fixed 45-day term with no option for early redemption. A subscription cap of 200 BTC applies. Upon maturity, participants can opt into automatic renewal, allowing both principal and accrued returns to roll seamlessly into the next staking cycle without requiring manual reinvestment. This structure is designed to give BTC holders a straightforward way to generate yield on idle holdings while maintaining predictable, fixed-term commitments.

The partnership with Function, the protocol behind FBTC, extends Bybit’s collaboration with the DeFi and TradFi convergence space, diversifying user access to potential yield opportunities across the digital asset landscape.

The upgraded exclusive BTC vault is now live on Bybit. Terms and conditions apply. Users may visit Bybit On-Chain Earn for details on eligibility requirements and potential restrictions.

#Bybit  / #NewFinancialPlatform

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SOURCE Bybit

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