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Huawei Launches New Software Brand for Intelligent Driving

FILE PHOTO: The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province, April 17, 2012. REUTERS/Tyrone Siu/File Photo
FILE PHOTO: The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province, April 17, 2012. REUTERS/Tyrone Siu/File Photo
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Huawei Launches New Software Brand for Intelligent Driving

FILE PHOTO: The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province, April 17, 2012. REUTERS/Tyrone Siu/File Photo
FILE PHOTO: The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province, April 17, 2012. REUTERS/Tyrone Siu/File Photo

Chinese tech company Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry.
The new brand Qiankun, symbolizing a combination of heaven and the Kunlun Mountains, plans to provide self-driving systems involving the driving chassis, audio and driver's seat, Jin Yuzhi, CEO of Huawei's Intelligent Automotive Solution (IAS) business unit, said during an event ahead of the Beijing auto show.
"2024 will be the first year for mass commercialization of smart driving and the cumulative number of cars on road equipped with the Huawei self-driving system will top 500,000 by the year-end," Reuters quoted Jin as saying.
He also expected within a year more than 10 car models adopting Huawei’s Qiankun system would hit the market.
The Shenzhen-based tech conglomerate launched its smart car unit in 2019 with the aim that it could become the equivalent of German automotive supplier Bosch of the intelligent EV era and supply software and components to partners.
Huawei said in November that the unit would be spun off into a new company which would receive the unit's core technologies and resources and take investment from partners such as automaker Changan Auto.
It has also unveiled seven EV models in partnership with Chinese automakers so far and they are selling well, Jin said.
They include three Aito brand models under partnership with Seres, the Luxeed S7 sedan co-developed with Chery , two models with Changan Auto-backed Avatr and one with Beijing Automotive Group (BAIC)-owned Arcfox.
On Tuesday, Huawei also unveiled the S9 sedan, the first model under the premium Stelato brand it launched with BAIC.
Its diversification into EVs comes amid an intensifying price war in the world's largest auto market, which is grappling with slowing sales momentum and deepening overcapacity concerns as more than 40 brands vie for consumer attention.
Earlier this month, Huawei-backed Aito offered discounts of up to 20,000 yuan ($2,760) on its new M7 SUVs until the end of April.

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Technology

BT, Verizon Join Forces to Create $4 Billion Int’l Joint Venture

The Verizon logo is seen on the 375 Pearl Street building in Manhattan, New York City, US, November 22, 2021. REUTERS/Andrew Kelly
The Verizon logo is seen on the 375 Pearl Street building in Manhattan, New York City, US, November 22, 2021. REUTERS/Andrew Kelly
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BT, Verizon Join Forces to Create $4 Billion Int’l Joint Venture

The Verizon logo is seen on the 375 Pearl Street building in Manhattan, New York City, US, November 22, 2021. REUTERS/Andrew Kelly
The Verizon logo is seen on the 375 Pearl Street building in Manhattan, New York City, US, November 22, 2021. REUTERS/Andrew Kelly

BT and Verizon on Monday announced a deal to combine their international enterprise operations into a 50:50 joint venture, focusing on serving multinational clients and bringing together $4 billion in combined annual revenue.

Verizon has agreed to pay BT an equalization payment of $625 million, and both companies ⁠will hold equal ⁠voting rights in the new venture, which will serve more than 3,000 customers in over 180 countries, Reuters reported.

The deal marks a milestone for BT chief executive ⁠Allison Kirkby, who has been steadily refocusing the 180-year-old British telecoms group on its home UK market while shedding international assets.

Verizon CEO Dan Schulman, who has been pushing his own turnaround at the US wireless carrier, said the venture was "the clear answer" for international customers ⁠who ⁠need secure, flexible connectivity that works across borders and cloud environments.

BT and Verizon named Martijn Blanken as chief executive officer-designate of the new company. Blanken will join BT Group from September 1, 2026, and work with both parent companies as they prepare to launch the joint venture.

Technology

South Korea Unveils Massive AI and Chip Investment Drive

South Korean President Lee Jae Myung (C), alongside Samsung Electronics Co. Chairman Lee Jae-yong (L) and SK Group Chairman Chey Tae-won, attends a meeting at the presidential office Cheong Wa Dae in Seoul, South Korea, 29 June 2026. EPA/YONHAP
South Korean President Lee Jae Myung (C), alongside Samsung Electronics Co. Chairman Lee Jae-yong (L) and SK Group Chairman Chey Tae-won, attends a meeting at the presidential office Cheong Wa Dae in Seoul, South Korea, 29 June 2026. EPA/YONHAP
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South Korea Unveils Massive AI and Chip Investment Drive

South Korean President Lee Jae Myung (C), alongside Samsung Electronics Co. Chairman Lee Jae-yong (L) and SK Group Chairman Chey Tae-won, attends a meeting at the presidential office Cheong Wa Dae in Seoul, South Korea, 29 June 2026. EPA/YONHAP
South Korean President Lee Jae Myung (C), alongside Samsung Electronics Co. Chairman Lee Jae-yong (L) and SK Group Chairman Chey Tae-won, attends a meeting at the presidential office Cheong Wa Dae in Seoul, South Korea, 29 June 2026. EPA/YONHAP

South Korea rolled out sweeping chip and AI mega-projects on Monday, as President Lee Jae Myung pledged to cement overwhelming industry ⁠leadership with investments spanning ⁠hundreds of billions of dollars over several years.

The announcement marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow regional disparities and revive economies beyond the Seoul metropolitan area.

Lee was joined by ⁠the leaders of Samsung Electronics and SK Hynix, the world's two largest memory chipmakers, for the televised announcement.

"We must secure the core elements of AI faster than any other country," Reuters quoted the president as saying. "Semiconductors, physical AI, and AI data centers are the triple axis for our great leap forward."

The projects are expected to attract investments including by Samsung and SK over the next several years. Lee said the country's ⁠southwestern ⁠city of Gwangju and South Jeolla province will also invest 520 trillion won ($336.70 billion) in the projects.

As part of the overall initiative, the southwest would be the home to new massive chip production clusters, Lee said, in part to utilize the rich power resources yet untapped there.

Local media have reported the planned investments could exceed 1,000 trillion won ($651.41 billion) over coming years.

Technology

Google Limits Meta’s Use of its Gemini AI Models, FT Reports

(FILES) A photo taken on May 19, 2026 shows the US multinational technology and Internet-related services company Google displayed on a smartphone (bottom) in front of the Google's logo on a laptop screen in Frankfurt am Main, western Germany. (Photo by Kirill KUDRYAVTSEV / AFP)
(FILES) A photo taken on May 19, 2026 shows the US multinational technology and Internet-related services company Google displayed on a smartphone (bottom) in front of the Google's logo on a laptop screen in Frankfurt am Main, western Germany. (Photo by Kirill KUDRYAVTSEV / AFP)
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Google Limits Meta’s Use of its Gemini AI Models, FT Reports

(FILES) A photo taken on May 19, 2026 shows the US multinational technology and Internet-related services company Google displayed on a smartphone (bottom) in front of the Google's logo on a laptop screen in Frankfurt am Main, western Germany. (Photo by Kirill KUDRYAVTSEV / AFP)
(FILES) A photo taken on May 19, 2026 shows the US multinational technology and Internet-related services company Google displayed on a smartphone (bottom) in front of the Google's logo on a laptop screen in Frankfurt am Main, western Germany. (Photo by Kirill KUDRYAVTSEV / AFP)

Google has put limits on Meta’s use of its Gemini AI models after the social media company sought more computing capacity than the rival tech group could provide, the Financial Times reported on Sunday.

Google, owned by Alphabet, told Meta around March it could not meet the full Gemini capacity the company had sought to purchase, the newspaper said, adding ⁠that the shortfall disrupted ⁠and delayed some of Meta’s internal AI projects.

Several other Google clients have also been affected, though to a lesser extent, according to the report. Meta has been particularly impacted due to its exceptionally high ⁠demand for Google’s models, the FT said.

Reuters could not immediately verify the report, which cited people familiar with the matter. Google and Meta did not immediately respond to requests for comment outside business hours.

Due to the restrictions, Meta has encouraged staff to be more efficient with AI tokens, the units that measure AI usage, the FT report said.

Even as companies ⁠continue ⁠to spend billions on chips and data centers, they are still struggling to secure enough computing power to support the growing demand for AI services.

Revenue at Google Cloud grew to $20 billion in the first quarter ended March, but CEO Sundar Pichai said computing power constraints prevented even higher growth and contributed to the cloud unit's backlog nearly doubling quarter on quarter.