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Geely, Renault to Develop Gasoline Engines, Hybrid Tech

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
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Geely, Renault to Develop Gasoline Engines, Hybrid Tech

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo

China's Geely Automobile Holdings and French car maker Renault SA on Tuesday said they will invest up to 7 billion euros ($7.71 billion) in a new equally held joint venture to develop gasoline engines and hybrid technology for automobiles.
The JV is aimed at manufacturing more efficient internal combustion engines and hybrid systems at a time when the focus of much of the automobile industry has been on the capital-intensive transition to purely electric vehicles.
"We are pleased to be embarking on this journey to become a global leader in hybrid technologies, providing low-emission solutions for automakers around the world," said Eric Li, Geely Holding Group chairman.
The new company will employ 19,000 people at 17 engine plants and five research and development hubs, Renault said.
At launch, it is expected to supply to multiple industrial customers including Volvo, Proton, Nissan, Mitsubishi Motors, and PUNCH Torino, Reuters reported.
The JV aims to have an annual production capacity of up to five million internal combustion, hybrid and plug-in hybrid engines and transmissions, Renault added.
Reuters reported in March that the new venture will see 15 billion euros ($16.53 billion) in annual revenue.

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OpenAI Offers to Help Countries Build AI Systems

ChatGPT maker OpenAI's initiative to help countries build infrastructures for 'sovereign' artificial intelligence systems comes as it faces competition from China-based DeepSeek. Lionel BONAVENTURE / AFP
ChatGPT maker OpenAI's initiative to help countries build infrastructures for 'sovereign' artificial intelligence systems comes as it faces competition from China-based DeepSeek. Lionel BONAVENTURE / AFP
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OpenAI Offers to Help Countries Build AI Systems

ChatGPT maker OpenAI's initiative to help countries build infrastructures for 'sovereign' artificial intelligence systems comes as it faces competition from China-based DeepSeek. Lionel BONAVENTURE / AFP
ChatGPT maker OpenAI's initiative to help countries build infrastructures for 'sovereign' artificial intelligence systems comes as it faces competition from China-based DeepSeek. Lionel BONAVENTURE / AFP

OpenAI on Wednesday announced an initiative to help countries build their own artificial intelligence (AI) infrastructures, with the US government a partner in projects.

The San Francisco tech firm's move to put its technology at the heart of national AI platforms around the world comes as it faces competition from Chinese rival DeepSeek, AFP said.

DeepSeek's success in delivering powerful AI models at a lower cost has rattled Silicon Valley and multiplied calls for US big tech to protect its dominance of the emerging technology.

"It's clear to everyone now that this kind of infrastructure is going to be the backbone of future economic growth and national development," OpenAI said in a blog post.

"This is a moment when we need to act to support countries around the world that would prefer to build on democratic AI rails, and provide a clear alternative to authoritarian versions of AI that would deploy it to consolidate power."

The OpenAI for Countries initiative was launched under the auspices of a Stargate drive announced by US President Donald Trump to invest up to $500 billion in AI infrastructure in the United States.

"We've heard from many countries asking for help in building out similar AI infrastructure," OpenAI said.

"In response to these interested governments, OpenAI is offering a new kind of partnership for the Intelligence Age."

OpenAI, in "coordination" with the US government, will help countries build datacenters and provide customized versions of its ChatGPT AI tailored for local languages and cultures to improve healthcare, education and public services, according to the tech firm.

Projects are to involve "local as well as OpenAI capital".

Partner countries would invest in the broader Stargate Project to expand "US-led AI leadership," OpenAI said.