Latest news with #AIPlus
GSM Arena
20 hours ago
- Business
- GSM Arena
AI+ smartphones' designs and colors officially revealed, launch postponed to July
Last month, we learned that AI+, a smartphone brand part of NxtQuantum Shift Technologies, led by Realme India's former CEO Madhav Sheth, will launch its first smartphone by the end of June. This revelation came from Indian online retailer Flipkart, which has now revealed that the smartphones will arrive in July instead. Flipkart also shared images of two smartphones and showed one in five colors. Its back panel has two cameras, with the text on the camera island confirming the primary camera uses a 50MP sensor. AI+ smartphones The second smartphone looks similar to the AI+ Nova 2 5G, whose design was exclusively revealed by us first earlier this month. While Flipkart only showed us this phone in one color, Madhav Sheth shared an image revealing all color options of this model. You can see that the smartphone has a flat design, sports a dual camera setup on the rear, and features a red-accented power key. The communication we received from AI+ says this model has a "lightweight form," supports dual SIMs, and is "designed for fast, responsive performance." The @aiplus_official Smartphone is designed to feel personal — bold colours, clean lines, no compromises. Looks good and keeps your data safe. #AiPlusSmartphone #NxtQuantum #BuiltForYou — Madhav Sheth (@MadhavSheth1) June 20, 2025 AI+ is betting big on the privacy and security aspects of these smartphones and said that its phones will "give users real control over their data, ensure cloud transparency, and enable an experience that is private, auditable, and secure by default." Additionally, AI+ stated that the NxtQuantum OS, running on its smartphones, is "auditable, policy-aligned, and governed by Indian law." The brand also claimed that "all user data is stored within India on MeitY-approved servers hosted by Google Cloud." While AI+ hasn't officially revealed the names of its smartphones, it has confirmed that they will be sold in India exclusively through Flipkart. The brand is also expected to launch a smartwatch with built-in TWS earphones. An image of the smartwatch's retail box, which we exclusively shared earlier this month, revealed that it would be called "wearbuds Watch 3." We were told AI+ would unveil the smartwatch alongside its smartphones.
Yahoo
12-06-2025
- Business
- Yahoo
Can Qifu Technology's AI-Plus Credit Strategy Fuel Future Growth?
Qifu Technology, Inc.'s QFIN AI-Plus credit strategy has been rolling out since the beginning of 2025. This initiative aims to build the industry's first AI agent platform to empower core credit processes. The company established its deep bank division, which is propelling the R&D of its AI Plus bank agent products to support the intelligent upgrade of financial institutions. An internal AI agent platform was introduced in April and the company deployed five digital employees across data analytics, risk management strategy, operations, financial reconciliation and compliance by May, highlighting its rapid operational integration. QFIN has successfully embedded the AI agent 'ChatBI,' providing real-time insights and attribution analysis, vital for strategy optimization and improved decision-making efficiency. Risk management is instrumental to QFIN's business and thus, a pilot LLM-backed framework utilizing DeepSeek to train past decision logs yielded a significant improvement in Area Under Curve to 0.64, suggesting enhanced risk tiering ability. The company has upgraded data mining capabilities as well, using video and multimodal inputs for a diverse feature representation. Furthermore, Qifu Technology's user profiling agent performs consistency checks on user features with more than 95% accuracy, supporting differentiated credit lines and pricing based on user profiles. Financially speaking, the AI-Plus strategy is yielding tangible improvements during the first quarter of 2025. There has been a 15.8% year-over-year rise in loan volume with its C2M2 metric, measuring delinquency rates after a 30-day collection, largely stable at 0.6%. Enhancements in underwriting efficiency and robust asset quality resulted in a constant decline in funding costs by an additional 30 basis points. QFIN also witnessed 25% year-over-year growth in Asset-Backed Securities issuance. The AI-Plus credit strategy was particularly successful at raising new credit line users by 6% year over year and a 41% surge in new borrowers. All in all, the strategy appears to have a strong impact on operational efficiency, risk management and long-term sustainable growth for the company. QFIN stock has skyrocketed 115.9% in the past year, significantly outperforming Parsons PSN, Jamf JAMF, and the industry as a whole. The industry gained 50.9%, while PSN and JAMF declined 8.8% and 33.5%, respectively. Image Source: Zacks Investment Research From a valuation standpoint, QFIN trades at a forward price-to-earnings ratio of 5.58, lower than Parsons' 19.05, Jamf's 11.79, and the industry's 24.34. Image Source: Zacks Investment Research Qifu Technology carries a Value Score of A, while Parsons and Jamf carry C and D, respectively. The Zacks Consensus Estimate for QFIN's earnings for 2025 has risen 2.3% over the past 30 days. Image Source: Zacks Investment Research Qifu Technology stock currently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Qifu Technology, Inc. (QFIN) : Free Stock Analysis Report Jamf Holding Corp. (JAMF) : Free Stock Analysis Report Parsons Corporation (PSN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Ammon
19-05-2025
- Business
- Ammon
China releases plan to advance Digital China development
Ammon News - China has released a 2025 action plan to build a Digital China, outlining key initiatives in areas such as "AI Plus," infrastructure upgrades, the data industry and digital talent development, the National Data Administration said on Friday. The plan calls for the promotion of the market-oriented reform of data resource allocation, for the accelerated development of a unified national data market, for the promotion of a data-driven digital economy tailored to local conditions, and for the comprehensive enhancement of the overall level of Digital China development. By the end of 2025, China aims to achieve major progress in building a Digital China, with the continuous expansion of new quality productive forces in the digital industry, as well as significant improvements in the quality and efficiency of digital economic development, according to the plan. The plan also aims for the added value of core digital economy industries to contribute over 10 percent of the country's gross domestic product, and sets goals for steady progress in building a unified data factor market, and for computing power to be increased to over 300 EFLOPS. It outlines eight major areas for action, including institutional innovation, local brand development and "AI Plus" application. China's digital industry generated a revenue of 8.5 trillion yuan (about 1.18 trillion U.S. dollars) in the first quarter of this year, up 9.4 percent year on year, according to data from the Ministry of Industry and Information Technology on Friday. This year's government work report noted that the country will "accelerate the digitalization of manufacturing, foster a number of service providers with both industry expertise and digital know-how, and bolster support for the digital transformation of small and medium-sized enterprises." Xinhua
Al Etihad
19-05-2025
- Business
- Al Etihad
China announces Digital China development plan
19 May 2025 10:45 BEIJING (XINHUA)China has released a 2025 action plan to build a Digital China, outlining key initiatives like a programme called 'AI Plus', infrastructure upgrades, data industry boosts, and talent development National Data Administration announced that the plan calls for the promotion of the market-oriented reform of data resource allocation, alongside the accelerated development of a unified national data market, the promotion of a data-driven digital economy tailored to local conditions, and the comprehensive enhancement of the overall level of digital the end of 2025, China aims to achieve major progress in building a Digital China, with the continuous expansion of quality productive forces in the digital industry, as well as significant improvements in the quality and efficiency of digital economic development. The plan also aims for the added value of core digital economy industries to contribute over 10 percent of the country's gross domestic product, and sets goals for steady progress in building a unified data factor market, with computing power to be increased to over 300 one quintillion floating-point operations a second. The initiative outlines eight major areas for action, including institutional innovation, local brand development and AI Plus digital industry generated a revenue of 8.5 trillion yuan (about $1.18 trillion) in the first quarter of this year, up 9.4 percent year-on-year, according to data from the Ministry of Industry and Information Technology. This year's government work report noted that the country will "accelerate the digitalisation of manufacturing, foster a number of service providers with both industry expertise and digital know-how, and bolster support for the digital transformation of small and medium-sized enterprises."
IOL News
10-05-2025
- Business
- IOL News
Xi chairs CPC leadership meeting to analyze economic situation, work
Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, presided over a meeting to analyze and study the current economic situation and economic work. Image: FILE The Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on Friday to analyze and study the current economic situation and economic work. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting. It was noted at the meeting that the country has seen its economy improve this year, with public confidence continuously boosted and solid progress made in high-quality development. However, the foundation for the country's sustained economic recovery needs to be further consolidated, and the country faces increasing impact from external shocks, the meeting said. The meeting urged preparing for worst-case scenarios with sufficient planning and taking concrete steps to do a good job in economic work. The meeting noted that it is imperative to coordinate domestic economic work and endeavors in the international economic and trade field, unswervingly manage the country's affairs well, stay committed to expanding high-standard opening up, focus on keeping employment, businesses, markets and expectations stable, and deal with the uncertainty of drastic changes in the external environment with the certainty of the country's high-quality development. The meeting called for efforts to accelerate the implementation of more proactive and effective macro policies and make full use of a more proactive fiscal policy and a moderately loose monetary policy. Key measures include quickening the issuance and utilization of local government special-purpose bonds and ultra-long special treasury bonds and timely cuts in the reserve requirement ratios and interest rates to ensure ample liquidity and stronger support for the real economy, according to the meeting. New structural monetary policy instruments and policy-based financial instruments will be established to foster technological innovation, expand consumption and keep foreign trade stable. Efforts will be made to increase the earnings of low- and middle-income groups and boost service consumption to strengthen the role of consumption in driving economic growth, the meeting said. The meeting called for a swift removal of restrictive measures in the consumption sector and proposed to introduce a re-lending facility for service consumption and elderly care. To aid businesses facing challenges, the meeting urged a multi-pronged approach, including stronger financial support and accelerating integration between domestic and foreign trade development. Work will be done to cultivate new pillar industries, introduce a "sci-tech board" in the bond market and speed up the implementation of the AI Plus initiative, according to the meeting. The meeting emphasized that China should stay committed to deepening reform and opening up to solve the problems in the course of development.'
