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OpenAI is not expecting its cash flow to turn positive until 2029, Bloomberg News reported on Wednesday, citing a person familiar with the matter. The San Francisco-based artificial intelligence bellwether is grappling with significant costs from chips, data centers and talent needed to develop cutting-edge AI systems, according to the report. By 2029, OpenAI expects its revenue will surpass $125 billion. Fueled by the strength of its paid AI software, OpenAI forecast to more than triple its revenue to $12.7 billion in 2025, the report said. In September last year, Reuters reported that OpenAI was anticipating its revenue would surpass…

China is accelerating the establishment of a modern ecological and environmental monitoring system, a government official said on Wednesday. The establishment of a comprehensive aerial, terrestrial and maritime monitoring network is the most fundamental and essential task in building a modern monitoring system, said Jiang Huohua, head of the ecological and environmental monitoring department of the Ministry of Ecology and Environment. Artificial intelligence (AI) technologies and satellite remote-sensing will play increasingly significant roles in ecological and environmental monitoring, he said, citing the in-field application of DeepSeek as an example. The ministry has rolled out policies to boost the development of…

China firmly opposes the United States’ move to add dozens of Chinese entities to its export-control “entity list,” a Ministry of Commerce spokesperson said on Wednesday. The U.S. move aims to suppress and restrict foreign entities, depriving other countries of their development rights, the spokesperson said, noting that it will severely harm the legitimate rights of related entities and undermine the stability and security of the global supply chain. The move is detrimental to solving problems through dialogue and cooperation, and China urges the United States to end its wrongdoing immediately, the spokesperson said, adding that the country will take…

The Boao Forum for Asia (BFA) Annual Conference 2025 opened on Thursday in Boao, south China’s Hainan Province. Chinese Vice Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, attended the opening ceremony. Founded in 2001, the BFA is a non-governmental and non-profit international organization committed to promoting regional economic integration and bringing Asian countries closer to their development goals. Running from March 25 to 28, this year’s conference is themed “Asia in the Changing World: Towards a Shared Future.”

Chinese Vice Premier Ding Xuexiang met with foreign leaders who visited China to attend the ongoing Boao Forum for Asia Annual Conference 2025 in Boao, south China’s Hainan Province, on Wednesday. Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, had a meeting with Lao Prime Minister Sonexay Siphandone. Ding said China is willing to work with Laos in supporting each other’s core interests and advancing practical cooperation across various fields. For his part, Sonexay reaffirmed that Laos would make continuous efforts to make new progress in developing Laos-China…

ISLAMABAD (DI NEWS) : The 1320MW Sahiwal Power Plant, one of the largest coal-fired power stations in Pakistan, has not only played a pivotal role in addressing the country’s energy deficit but also significantly contributed to the socio-economic development of the local community in Sahiwal. As part of its commitment to sustainable growth and community support, the power plant has set up a state-of-the-art training Facility that is transforming the lives of thousands of local youths. This initiative reflects the plant’s long-term vision of promoting skill development, fostering local talent, and ensuring that the surrounding community benefits from the economic…

Chinese Vice Premier Ding Xuexiang has required solid efforts to promote the building of Hainan Free Trade Port and develop it into a gateway that leads China’s opening up in the new era. Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour in south China’s Hainan Province on Monday and Tuesday. Ding visited an information facility of social management, airport and harbor ports to learn about the work in preparation for the independent customs operation of the free trade port. Noting that…

As this year’s annual Boao Forum for Asia conference kicks off in Hainan, China, it is presented with the unprecedented opportunity to weigh the big uncertainty factor of the day against the grand disruptive force of our times. The corner of uncertainty is represented by the geopolitical turbulence and tariff turmoil triggered by the US administration under Donald Trump, while the great disruptor is, of course, technological innovation represented chiefly by the advent of commercial-scale AI. What accentuates the unique situation that has befallen the “Davos of the East” is the fact that the Asia-focused conference comes at a time…

China’s stock market is witnessing a strong resurgence, with the total equity issuance reaching $16.8 billion in the first quarter of 2025, a 119 percent increase compared to the same period last year, Reuters cited LSEG data as saying. This significant rebound highlights a shift in investor sentiment, with growing confidence in the country’s economic recovery and market potential. A key factor driving this renewed optimism is the revaluation of Chinese technology stocks, spurred by the rise of DeepSeek, a leading AI software developer in China. A display showing AI assistance features at a consumer electronics expo in Shanghai, China,…

The Boao Forum for Asia (BFA) on Tuesday forecasted that Asia’s economy will grow by 4.5 percent this year, slightly higher than the 4.4 percent recorded in 2024. The region continues to be a key “growth engine” for the world economy despite challenges such as geopolitical tensions, inflationary pressures and global supply chain disruptions, BFA said in its latest 2025 report on the economic outlook and integration progress for Asia. The report said that Asia’s share of the global economy will continue to rise in 2025 to 36.4 percent at market exchange rates, rising from 36.1 percent in 2024. Its…