Chinese local governments spend millions on the Metaverse

Local authorities across China are implementing a series of grants and initiatives to attract metaverse-related businesses and talent, betting on the prospects of the emerging trend creating a global buzz. At least six provincial governments and local authorities in 10 cities β€” including Beijing, Shanghai and Chongqing β€” have issued development plans focusing on the … Read more

Robots, Cameras and More: Highlights from the World AI Conference

Artificial intelligence is moving into a new era of technological advancement as both industries and consumers embrace new innovations, industry leaders said at the 2022 World Artificial Intelligence Conference in Shanghai. The three-day conference that concluded on Saturday brought together key industry experts and academics, while showcasing the latest products from more than 200 exhibitors … Read more

A Chinese AI-powered robot aims to tackle complex operations

SHANGHAI β€” A surgeon’s nimble hands play a vital role in surgery, but medical technology developers are now trying to make them more accurate and flexible with the help of a new assistant: robots. A Shanghai-based robotics company has developed a four-armed laparoscopic surgical robot that helps doctors perform complex surgeries in tight spaces. The … Read more

Toronto developers expected to delay 10,000 units as delay hits condos presale

There are signs that the broader real estate slowdown has spread to the pre-construction market, where purchases are seen as bets on future homes as buyers wait years for their properties to be built.CARLOS OSORIO/Reuters Toronto developers are expected to delay the launch of 10,000 condo units this year as sales of construction condominiums plummet … Read more

Rents in Toronto are rising fastest in ten years: report

Rents are rising in the Toronto area at the fastest pace in more than a decade as vacancy rates plummet, according to a new report released Tuesday that also warned of a worrying decline in rental construction. Market research firm Urbanation’s analysis found that the vacancy rate for purpose-built rental housing in the GTA, which … Read more

Toronto area rents ‘rising at fastest pace ever,’ says new report

Annual rent growth in the Toronto area has hit a record pace as demand continues to outpace supply growth for the fifth straight quarter, according to a new report. Urbanation, which provides data on the GTA condo and rental apartment markets, released figures for the second quarter of 2022 on Tuesday. β€œThe GTA rental market … Read more

Toronto could face a wave of condo project cancellations as costs rise

Toronto housing developers can cancel building up to 5,000 condo units as borrowing and building costs rise, according to an analysis by leading research group Urbanation Inc. Construction costs have risen across the country. Building a high-rise building in Toronto is now 21 percent more expensive than in the same quarter last year, according to … Read more

Investor Interest Shows Signs of Cooling Down in Toronto’s Pre-Construction Condo Market

The construction of the condominium project The Well in downtown Toronto will be shown on September 15, 2020. Like the resale market, front-end home buyers are beginning to put off purchases amid uncertain economic conditions.Fred Lum/The Globe and Mail Investor sentiment has begun to cool for new Toronto apartments, the latest sign that the sharp … Read more

When the internet knows where you live

On April 28, Weibo, the Chinese equivalent of Twitter, announced that it would start displaying users’ IP address locations on their profile pages and on all replies on the site. The company interpreted the position as a necessary measure to “maintain a healthy and orderly environment for discussion”. According to Weibo’s official community account, the … Read more