Companies
Intel would like to work with Alibaba on Olympics tech
An Intel executive said that the company hopes to collaborate with Alibaba for upcoming Olympic Games after it was announced that the American tech giant signed a seven-year deal with the Olympics to develop technology solutions.
Intel announced that it will bring 5G platforms, virtual reality, 3D and 360-degree content development to enhance the Olympic Games through 2024, integrating much of its latest technology, starting with the 2018 Winter Olympics in Pyeongchang, South Korea.
“We’re super excited to be in China and already thinking about the [2022 Winter Olympic] games in Beijing,” said Julie Coppernoll, vice-president of global client marketing at Intel.
“When you look at who the top sponsors are that are in China, although we only had very preliminary discussions, one that we would aspire to partner most with, first and foremost, would be Alibaba, who just entered into the Olympic family ahead of us,” she said on Wednesday.
In January, Alibaba committed to be an Olympic partner through 2028, providing official cloud services and e-commerce platform services to the International Olympic Committee.
Intel’s Coppernoll said that it will be part of the planning cycle for the 2022 Winter Games in Beijing, and that Intel plans to work with the Beijing operating committee to implement its technology platforms.
“We’re super excited to work with the operating committee in Beijing that’s working on the Games, to go through the experiences [from our technological platforms], including the first 5G network that will be more broadly operational [by 2022], and working with global service providers,” she said.
“We haven’t picked who our exact partner would be, but 5G would be a huge opportunity for both of us and as well as the Games,” she added.
Coppernoll said that Intel hopes to work with Alibaba on data storage and analytics and use its technology in conjunction with Alibaba’s.
“I think we would…
China
Government subsidies don’t boost Chinese firms’ productivity
China’s industrial subsidies have caused considerable controversy both internationally and domestically. Trading partners have accused China of unfairly favouring its indigenous firms with subsidies, leaving foreign companies at a disadvantage in the race to lead the technologies of the future.
Governments around the world regularly spend an enormous amount of money subsidising businesses. But few spend like China. A 2022 report suggests that China spends 1.7–5 per cent of its GDP on industrial policies, more than most countries.
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Chinese Smartphone Manufacturer Lays Off 3,000 Employees Following Closure of Chip Design Division
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
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Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
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