China made headlines last week with its pledge of over $50 billion in lines of credit and investment to Africa over the next three years, highlighting its ongoing engagement with the continent. The announcement came during the ninth China-Africa summit, also known as FOCAC, held in Beijing from September 4-6, with a record attendance from African countries and a focus on strengthening ties between China and the Global South.
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Former Huawei ‘Genius Youth’ recruit says new venture can now mass produce humanoid robots
Shanghai-based start-up Agibot, founded by former Huawei recruit Peng Zhihui, has begun mass production of its AI-powered humanoid robots, producing 962 units by December 15. Peng, known for viral inventions like an Iron Man-inspired robotic arm, left Huawei in 2022 to start Agibot, which is backed by investors like Hillhouse Investment and BYD. The move by Agibot intensifies competition in China's robotics industry, with local governments supporting the sector's growth. Full Article
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