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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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ZTE Showcases Full-Stack AI Capabilities at MWC Shanghai 2026, Empowering New Era of Token Operations

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ZTE showcased solutions that enhanced token efficiency and minimized the cost-per-token through the deep synergy of various elements, including SuperPod, extremely cost-efficient inference, and AIDC with ultimate energy efficiencyZTE has launched the NewStart AIOS and positioned it as the “technological foundation in the AI era”Centered on AI-native capabilities, ZTE has driven the deep integration of AI with existing networks—through architecture upgrades and key scenario innovations—to build a next-gen communications network.

SHANGHAI, June 26, 2026 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, showcased the TCO-optimal AI factory, an AIOS-powered ecosystem spanning scenario-based applications and innovative terminals, and cutting-edge breakthroughs in AI-driven networks at MWC Shanghai 2026. Through the extreme synergy across computing, network, storage, energy, and software, as well as system-level architecture innovations, ZTE fully unlocked new momentum for token operations.

As AI agents become widespread, industry competition focus is shifting from computing power scale to token efficiency. Leveraging its end-to-end, full-stack AI capabilities, ZTE is forging a complete value chain spanning token production, services, and circulation—to enable operators, enterprises, and industry partners to unlock AI value at scale.

Building a TCO-Optimal AI Factory for More Efficient, Cost-Effective Token Production

Token efficiency is the core competitiveness in this era of inference. TCO-optimal AI factories are the key to boosting token efficiency and achieving “token freedom”.

At MWC Shanghai 2026, ZTE showcased solutions that enhanced token efficiency and minimized the cost-per-token through the deep synergy of various elements, including SuperPod, extremely cost-efficient inference, and AIDC with ultimate energy efficiency.

Building on 41 years of accumulated expertise in the R&D and engineering of ultra-large-scale, complex systems, ZTE has launched its SuperPod solution. Leveraging multi-chip open collaboration design and the innovative Orthogonal Electrical eXchange (OEX) architecture, it enables plug-and-play deployment and rapid provisioning. A single rack supports 128 GPUs, with high scalability up to 16,000 GPUs, laying a foundation for high-efficiency computing in model training and inference.

Through the synergy of network, storage, and computing, as well as hardware and software, ZTE achieves extremely cost-efficient inference. With non-blocking network and Global Server Load Balancing (GSLB), ZTE’s solution enables efficient coordination across computing clusters ranging from thousands to tens of thousands of GPUs, further boosting overall inference efficiency.

Moreover, ZTE has developed its AIDC solution with ultimate energy efficiency, which integrates 800V HVDC power supply, full-stack liquid cooling, and intelligent computing-electricity synergy, enabling highly efficient and low carbon operations.

From computing cluster construction and inference efficiency optimization to green operations, ZTE is steering AI factories from being compute-centric to efficiency-driven, delivering a more cost-efficient and sustainable token production system.

Developing an Innovative AIOS Technological Foundation for Smarter Token Scheduling and Closed-Loop Services

The AI factory addresses the challenge of low-cost token production, while AIOS plays a critical role in token scheduling, orchestration, and service-oriented output.

ZTE has launched the NewStart AIOS and positioned it as the “technological foundation in the AI era”. Built on AIOS, Co-Claw—an enterprise-level agent platform—is fully integrated into ZTE terminals, extending AI services to production and daily life.

For enterprises, the focus is on enhancing office and R&D efficiency and enabling intelligent operations, to achieve self-evolving workflows and closed-loop decision-making.

For homes, ZTE has launched innovative terminals with different screen sizes which serve as entry points to a fully connected smart home. They can be household AI assistant, AI entertainment companion, and AI security guardian—always on, always active for an intelligent lifestyle.

For individuals, the company has introduced a new AI-native paradigm spanning AI phones, AI cloud PCs, AI smart displays, FreeScreen and more, enabling personalized recommendations, contextual responses, and immersive interactions across travel, life, and work. AI knows better and delivers enjoyable smart experiences anytime, anywhere.

Leveraging the AIOS technological foundation, Co-Claw agent platform, and a full lineup of AI devices, ZTE transforms tokens into schedulable, serviceable, and monetizable resources. This allows operators and enterprises to develop a closed–loop model for token-based services.

AI + Network, Co-Building a Future of Intelligent, Ubiquitous 6G Connectivity

6G is more than a generational leap in connectivity. It also serves as the critical infrastructure that enables efficient token circulation in the AI era.

As a key participant in global 6G research and standardization, ZTE centers around “AI+” and “SAGIN”, speeding up the evolution of 6G from research to commercial use.

Regarding SAGIN, ZTE has launched industry-leading LEO satellite communication payload solutions compatible with diverse application scenarios of SAGIN for 5G-A and 6G, fostering the critical connectivity foundation for a smooth evolution from 5G-A to 6G.

As for AI-native communications, ZTE has demonstrated its GigaMIMO solution and the world’s first 256 TR U6G prototype in the 6G Zone at this event. With GigaMIMO, a cornerstone technology for 6G, the solution leverages architecture innovation, computing synergy, and algorithmic breakthroughs to systematically overcome critical bottlenecks in future network capacity, coverage, and spectral efficiency, thus speeding up 6G deployment and industry evolution.

Centered on AI-native capabilities, ZTE has driven the deep integration of AI with existing networks—through architecture upgrades and key scenario innovations—to build a next-gen communications network.

The AIR MAX solution comprehensively upgrades the network architecture with AI at its core and delivers a three-tier capability system involving the AI-native infrastructure, autonomous operations, and monetization engine. Together, they empower operators in capability evolution, service transformation, operational shift, and ecosystem reshaping for the AI era.

The AI HI-NET solution delivers three key capabilities—AI-native, ultra-high-speed and lossless, and intrinsically secure, laying a solid network foundation for ubiquitous intelligent computing access, lossless wide-area connectivity, and the integration of computing, network, security, and service.

The 10G AI-Optical Network solution has been widely deployed across homes, campuses, small businesses, and other key scenarios, unlocking greater value of all-optical cities.

Meanwhile, ZTE continues to promote key scenario applications through innovations such as new calling with AI assistant, “first-class” mobile network services, ISAC for low-altitude economy, and highly autonomous networks. These efforts are made to build a more intelligent, efficient, and trustworthy connectivity foundation for the AI era.

From AI factory to AIOS, agent platform, and future networks, ZTE demonstrated an end-to-end capability system at MWC Shanghai 2026. The system covers token production, scheduling, and circulation, integrating computing, network, terminals, and agents to accelerate AI from technological breakthroughs to large-scale deployment.

The AI industry is accelerating into the inference era, where tokens have become a key measure of AI-driven value creation. Looking to the future, ZTE will work with industry partners to build AI infrastructure and ecosystems that are more efficient, inclusive, and sustainable. Together, we aim to bring AI to various industries, unlocking new growth momentum for the AI era.

MEDIA INQUIRIES:
ZTE Corporation
Communications
Email: ZTE.press.release@zte.com.cn 

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SOURCE ZTE Corporation

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Nice finalizes a €370 million transaction to support its organic and acquisition-driven growth plan

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The resources will support the completion of strategic acquisitions and future investments in innovation and internationalization

TREVISO, Italy, June 26, 2026 /PRNewswire/ — Nice, a global leader in Smart Living solutions, announces the completion of a €370 million transaction designed to support the Group’s organic and acquisition-driven growth, while also optimizing its financial structure.

The transaction, structured as a Senior Facilities Agreement, was financed by a pool of 11 leading Italian and international financial institutions, led by BNP Paribas, Crédit Agricole Corporate & Investment Bank and Mediobanca as Global Coordinators. The pool also included BNL BNP Paribas, Cassa Depositi e Prestiti, Crédit Agricole Italia, Deutsche Bank, Intesa Sanpaolo (IMI CIB Division), Monte dei Paschi di Siena and UniCredit, with Banco BPM acting as Agent Bank. Crédit Agricole Corporate & Investment Bank also acted as Hedge Coordinator.

The resources will be used to strengthen the international presence of the Nice Group, with a particular focus on completing future strategic acquisitions and developing new technological solutions. The Group currently has more than 2,000 people worldwide, 29 operating offices, 13 research and development centers, 14 production plants and a commercial presence in more than 100 countries. In recent years, Nice has consolidated its presence in key global markets and significantly expanded its product portfolio. The new financing represents a further step in the company’s development path and will enable it to accelerate the investments planned in its industrial plan.

“This transaction provides us with the resources needed to support a new phase of growth and strengthen our positioning in international markets,” said Lauro Buoro, Founder and Chairman of Nice. “The confidence shown by the banking system confirms the solidity of our business model and our future prospects.”

As part of the transaction, Legance and Gianni & Origoni (GOP) acted as legal advisors to the Company and the lending institutions, respectively.

For more information about Nice, visit www.niceforyou.com

Nice
Founded in the early 1990s, Nice is a global leader in Smart Living solutions. Through a fully integrated ecosystem, Nice offers solutions for home and building automation, access control, gate and garage door automation, solar shading, parking management, security systems, and audio/video technologies, helping to create connected, sustainable, and easy-to-live environments. Nice has embarked on a strategic path of expansion and broadening of its portfolio of connected solutions and platforms, offering a wide choice of customizable solutions and ease of use for end consumers. This is complemented by the strengthening and expansion in high-growth-potential markets, as well as renewed branding activities to compete in new market segments. Today, Nice relies on an organization of more than 2,000 people across 5 continents, bringing together a rich mix of skills and diverse cultures, along with 13 R&D centers and 14 production plants serving partners and customers in more than 100 countries worldwide. For more information, www.niceforyou.com.

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#Nice #Niceforyou #NiceLoveEarth #Sustainability #NiceSmartLiving #SmartHome #HomeSecurity #HomeAutomation #SmartLiving

Nice Global Press Contact   
Valentina Ghirardi 
Head of Communication 
v.ghirardi@niceforyou.com

Corporate and Financial Media Relations
My Twin Communication Srl
Mara Di Giorgio | +39 335 7737417
Marco Messori | +39 335 5985809
nice@mytwincommunication.com

Photo: https://mma.prnewswire.com/media/3000460/Nice_SpA_Headquarters_Italy.jpg

 

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Yealink Upgrades Singapore Global Operational HQ and Opens New Customer Experience Center

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SINGAPORE, June 26, 2026 /CNW/ — Yealink (300628.SZ), a global leader in Unified Communications and Collaboration (UC&C) solutions, officially celebrated the opening of its upgraded Singapore Operational Headquarters and new Customer Experience Center (CEC), marking a significant milestone in the company’s global operations strategy and reinforcing its long-term commitment to customers and partners worldwide.

The opening ceremony welcomed customers, partners, government representatives, and members of Singapore’s technology community. Distinguished guests included Jay Liu, Executive Vice President and Board Secretary of Yealink; Prashant Singh Bishnoi, AI-Powered Workplace Partner Program Manager – Asia at Microsoft; Ng Ming Liang, Vice President of the Global Enterprises Division at the Singapore Economic Development Board (EDB); and Pang Yee Loy, Senior Director, Asia Pacific at AVIXA.

As Yealink continues strengthening its global operations and customer support capabilities, the company has expanded its Singapore presence with a new operational headquarters and Customer Experience Center. Singapore’s strong legal environment, mature compliance framework, and advanced data governance capabilities also make it an important operational center for Yealink Management Cloud Service (YMCS), helping Yealink provide stable and trusted cloud services worldwide.

Singapore: A Strategic Hub for Yealink’s Global Operations

As a leading global business and innovation center, Singapore plays a key role in Yealink’s global strategy.

Speaking at the opening ceremony, Jay Liu, Executive Vice President and Board Secretary of Yealink, highlighted Singapore’s importance to Yealink’s future operations.

“Singapore is an important operational hub supporting our global services, trusted operations, and localized customer engagement,” said Jay Liu. “This upgraded headquarters reflects our long-term commitment to a globally connected and trusted collaboration ecosystem.”

Ng Ming Liang, Vice President, Global Enterprises Division, EDB said: “Yealink’s decision reflects Singapore’s position as a trusted base for global expansion. Singapore’s business environment, R&D ecosystem and skilled talent pool will support Yealink in driving innovative digital collaboration solutions.”

Expanding Local Customer Engagement and the Next Chapter of Global Collaboration

Alongside the upgraded headquarters, Yealink officially launched its Singapore CEC, offering hands-on product demonstrations, solution showcases, training programs, and collaborative experiences. Following the ceremony, guests participated in guided CEC tours, live product demonstrations, and networking sessions.

The launch also marks another milestone in Yealink’s 25-year journey in Unified Communications and Collaboration. Serving customers in more than 140 countries and regions worldwide, Yealink is recognized today as a global Top 3 player in the video conferencing market.

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SOURCE Yealink

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