Jeanny Yu / Bloomberg:
Analysis: Baidu's stock is trading at a forward P/E ratio of ~9.7, the lowest of any profitable Hang Seng Tech Index company, amid AI competitiveness concerns  —  Sharp stock underperformance for Baidu Inc. on concerns over its outlook have left it trading at the cheapest valuation among China's major internet firms.

A new pocket-sized Starlink alternative promises secure military communications — safe from interference by billionaire CEOs. The system, named the RU1, was unveiled today by Swedish startup TERASi. It’s billed as the world’s smallest and lightest mm-Wave radio, a form of communications that offers blazing-fast speeds and huge bandwidth. James Campion, the CEO and co-founder of TERASi, describes the portable device as “the GoPro of backhaul radios.” “RU1 can be deployed in minutes to keep units connected in fast-changing environments,” Campion told TNW. The devices, he continued, can be installed on tripods or drones. Multiple RU1s can then link into…

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Danielle Popov / South China Morning Post:
Alibaba-backed Z.ai, formerly Zhipu, launches a general-purpose AI agent app, which lets users use natural language to book hotels, order takeaway, and more  —  The Z.ai agent is free and available on the Android and iOS mobile platforms  —  Chinese artificial intelligence unicorn Z.ai …

Jagmeet Singh / TechCrunch:
India's lower house of parliament passes a sweeping online gaming bill to impose a blanket ban on real-money games nationwide, threatening a $23B industry  —  India's lower house of parliament on Wednesday passed a sweeping online gaming bill that, while promoting esports …

Financial Times:
Sources: China's H20 curbs were triggered by US Commerce Secretary Howard Lutnick's not selling China the “best stuff” remark, which officials found “insulting”  —  Comments by US commerce secretary trigger Chinese regulatory effort to stop tech groups buying H20 processors