SHENZHEN, China, Oct. 9, 2025 /PRNewswire/ — In the context of the accelerating integration of culture and tourism in the Greater Bay Area (GBA), K11 ECOAST Art and Cultural District by the Sea is presenting a multi-dimensional immersive cultural experience starting from National Day holiday. Under the guidance of the Nanshan District Culture, Radio, Television, Tourism and Sports Bureau, K11 ECOAST focuses on Sino-Western artistic dialogue, intangible cultural heritage (ICH) revitalization, and local intellectual property (IP) innovation. This initiative aims to create new cultural consumption scenarios and artistic experiences for GBA residents, further enhancing the GBA’s cultural soft power and international influence.

As the first waterfront cultural district in the GBA that integrates art, humanities, and nature, K11 ECOAST combines the talents of international emerging artists with traditional cultural practices. It offers a diverse array of experiences that encompass international theatrical performances, art exhibitions, and cultural interactions, allowing the rich heritage of Chinese culture to blend seamlessly with contemporary life. The district aims to explore innovative paths in “art + tourism” and “performance + tourism,” positioning itself as an international cultural and tourism destination with a distinct GBA identity.

An “At-Sea Encounter” of Western Opera and Chinese Festivals
As a pioneer in the GBA’s economic landscape, K11 ECOAST continues to introduce high-quality domestic and international brands and IPs, creating experiences that go beyond mere sightseeing. From October 6 to 8, the GBA premiere of the acclaimed Dutch environmental theatre production Floating Diva took place in K11 ECOAST. This three-day performance, guided by the Nanshan District Committee Propaganda Department and co-organized with the Nanshan Federation of Literary and Art Circles, perfectly merges Western opera with Chinese festival traditions. 

The Dutch soprano, adorned in a spectacular umbrella-shaped gown inspired by 17th-century European fashion, floated on the water and perform classic arias from Madam Butterfly and The Moon Represents My Heart, among other well-known pieces. This unique visual presentation, set against the backdrop of Mid-Autumn celebrations, created a poetic “sea spectacle” that resonates emotionally with the audience, which received enthusiastic acclaim and positive feedback from audiences from various places.

K11 ECOAST aims to facilitate cross-cultural exchange between the East and West through organic blend of Western art and Chinese traditional festivals, establishing a new landmark for international cultural experiences in the GBA.

Contemporary Narratives of Traditional Crafts
In recent years, Shenzhen has actively explored innovative developments of traditional culture in contemporary contexts through models like “ICH + commercial districts.” Leveraging the festive occasions, K11 ECOAST is constructing scenes that merge modern coastal lifestyles with folk cultural experiences through multi-dimensional creative narratives.

Collaborating with emerging paper artist Wen Qiwen, K11 ECOAST is presenting a luminous paper art installation displayed outside the seaside promenade from now until the end of October. Inspired by Mid-Autumn moon-viewing traditions and the Shekou fishing port, the installation transforms the sea into an artistic stage, providing consumers with a visually engaging and imaginative experience. This work utilizes sustainable materials, echoing K11 ECOAST’s commitment to green development.

As a significant folk art form deeply rooted in the integration of agricultural and maritime cultures, the Fish Lantern Dance holds a prominent place in Lingnan traditional customs and has been recognized as a national intangible cultural heritage. During the festival period, K11 ECOAST invited folk artists from the GBA to perform the “Fish Lantern Walk,” while also responding to the rise of the night-time economy by establishing interactive scenes for night tours, leisure, and appreciation. This experience not only resonates with the coastal cultural context of Shekou but also enhances the cultural and artistic depth of Shenzhen’s night-time economy, providing consumers with tangible experiences of urban intangible heritage.

Additionally, from now until the end of October, a 20-meter lantern show featuring the national intangible cultural heritage is staging at K11 ECOAST. The event also includes interactive experiences that highlight traditional Chinese culture, such as flower arranging, Hanfu photography, lantern riddles, and traditional throwing games, inviting GBA citizens to embark on a comprehensive sensory journey into intangible heritage.

Local IP Innovation: “Nailoong” Debuts New Look
The original animated IP “Nailoong,” born in Shenzhen, has gained global popularity, becoming a cultural phenomenon. From now until the end of October, K11 ECOAST invites “Nailoong” back to its hometown shores for the thematic debut of “Cute Dragon at Sea, Infinite Fun,” showcasing the “Shenzhen school uniform series” that blends with the coastal landscape, offering fans and the entire city a new photo opportunity.

This event celebrates Shenzhen’s 45th anniversary, featuring a large inflatable Nailoong donned in a custom “signature skin” vibrant Shenzhen school uniform, designed to evoke emotional resonance among Shenzhen students and create a nostalgic yet warm coastal social space. The event will also feature retail pop-up shops and immersive experiences, creating a playful environment for families. This innovative introduction of the Nailoong IP will further enrich the all-age experience at K11 ECOAST, supporting the “IP +” economy as a new driving force for high-quality development in the GBA.

K11 ECOAST serves as a stage along the Prince Bay coast, merging the cultural heritage of intangible traditions, international artistic flair, and local IP vibrancy to create a new cultural realm. By blending traditional and contemporary elements and integrating local and international influences, K11 ECOAST will continue to immerse the GBA in a rich artistic experience and assist in enhancing regional cultural soft power.

RIYADH, Saudi Arabia, Oct. 9, 2025 /PRNewswire/ — Saudi Arabia’s industrial sector is entering a new era of transformation, driven by innovation, advanced technology, and sustainable growth. Under the leadership of the Ministry of Industry and Mineral Resources, this shift supports the ambitions of Saudi Vision 2030 to diversify the economy and position industry as a key engine of development through investment attraction, infrastructure advancement, and talent empowerment.

Industrial Transformation Saudi Arabia 2025: uniting global leaders to connect, innovate, and lead Saudi Arabia’s industrial transformation journey. December 1 to 3

At the center of this transformation lies the Fourth Industrial Revolution (4IR), which is reshaping manufacturing through automation and digitization technologies such as artificial intelligence (AI), the Internet of Things (IoT), and 3D printing. These tools are enhancing productivity, streamlining supply chains, and enabling smarter, more efficient industrial operations across the Kingdom.

The National Industrial Strategy reinforces these priorities through initiatives such as the Future Factories Program, which aims to transform 4,000 traditional facilities into smart factories that meet international standards. The Fourth Industrial Revolution is a cornerstone of Saudi Arabia’s vision for a dynamic, competitive, and diversified industrial economy. By investing in digital infrastructure and advanced capabilities, the Kingdom is building an ecosystem that empowers innovation and efficiency at every stage of production.

According to the General Authority for Statistics, the Industrial Production Index (IPI) increased by 6.5% in July 2025 compared to the same period the previous year. This growth, led by manufacturing activities, reflects the tangible impact of ongoing industrial development programs on productivity and competitiveness.

Across the Kingdom, industries are rapidly adopting AI, IoT, robotics, and big data analytics to optimize design, engineering, logistics, and quality control, reducing waste, increasing precision, and elevating performance.

In support of these efforts, the upcoming Industrial Transformation Saudi Arabia 2025, taking place from 1 to 3 December 2025 in Riyadh, organized by the Ministry of Industry and Mineral Resources in partnership with Deutsche Messe, will serve as a platform to showcase the latest 4IR technologies and strengthen international partnerships for the localization of advanced industrial solutions.

Through these initiatives, Saudi Arabia continues to build a globally competitive, technology-driven industrial economy that not only embraces the future of industry but defines it.

Registration: 
https://saudiindustrialtransformation.com/?gad_source=1&gad_campaignid=23090132083&gbraid=0AAAAA_juaZYs99zeFkQuV_36GUS77jRC9&gclid=Cj0KCQjwl5jHBhDHARIsAB0YqjzX1QRaVZ8k9K0YdKu0C_-ju8qOoPSCf3QPt-8q07Y3H2DFbbU-o2YaAtABEALw_wcB

Industrial Transformation Saudi Arabia 2025 : highlighting the future of automation and Industry 4.0technologies under the patronage of the Ministry of Industry and Mineral Resources. December 1 to 3

The first lakehouse platform to unify AI agents, governed data products, and metadata, enabling context-aware enterprises to scale AI with confidence

NEW YORK, Oct. 9, 2025 /PRNewswire/ — Starburst, the data platform for apps and AI, today announced at AI & Datanova, a new set of capabilities designed to operationalize the Agentic Workforce—a paradigm where humans and AI agents collaborate seamlessly across workflows to reason, decide, and act faster and with confidence. With new, built-in support for model-to-data architectures, multi-agent interoperability, and an open vector store on Iceberg, Starburst delivers the first lakehouse platform that empowers AI agents, with unified enterprise data, governed data products, and metadata, empowering humans and AI to reason, act, and decide faster while ensuring trust and control.

Starburst_Logo_v1

Unlike legacy platforms that require data movement or rely on black-box retrieval, Starburst gives AI agents secure, governed access to data wherever it resides, on-premises or in the cloud, at enterprise scale. This federated, model-to-data approach helps organizations maintain sovereignty, reduce costs, and avoid compliance pitfalls, especially in highly regulated industries or cross-border environments.

To further strengthen enterprise confidence in AI, Starburst is introducing advanced observability and visualization features for its agent framework. Organizations can now monitor usage of LLM interactions, set guardrails with usage limits, and view activity through intuitive dashboards. In addition, Starburst’s agent can visualize responses into charts and graphs giving teams not only accurate answers but also clear, actionable insights. These capabilities provide a new level of transparency, governance, and usability as enterprises scale AI adoption.

“With the Agentic Workforce, enterprises move beyond analyzing data to taking intelligent action,” said Justin Borgman, CEO and Co-Founder of Starburst. “Our latest innovations bring models directly to governed data, allow AI agents to interoperate across multi-agent ecosystems, and provide open access to vector stores without lock-in. Starburst empowers organizations to scale AI securely and confidently across clouds, borders, and business-critical use cases.”

“Enterprises have been looking for a way to bring structured data and governance into AI workflows, and the emergence of Model Context Protocol (MCP) has made that possible,” explained Andrew Brust, Founder & CEO, Blue Badge Insights. “But Starburst takes this much further. Not only does it unify vector store connectivity for RAG, but it provides AI agents with secure access to governed data products, leveraging Trino’s federated architecture to do it all without data movement, thus ensuring compliance. The result is a pragmatic path for enterprises to scale AI with the trust, transparency, and regulatory control their business environments demand.”

Key Innovations Driving the Next Generation of AI and Analytics

Starburst’s new AI capabilities are built upon the core principle of flexibility, giving organizations the freedom to choose between model-to-data and data-to-model architectures. This approach enables enterprises to scale AI securely, while preserving sovereignty, reducing infrastructure costs, and ensuring compliance. These enhancements include:

• Multi-Agent Ready Infrastructure: A new MCP server and agent API allows enterprises to create, manage, and orchestrate multiple AI agents along-side the Starburst agent. This enables customers to develop multi-agent and AI application solutions that are geared to complete tasks of growing complexity.
• Open & Interoperable Vector Access: Starburst unifies access to vector stores, enabling retrieval augmented generation (RAG) and search tasks across Iceberg, PostgreSQL + PGVector, Elasticsearch and more. Enterprises gain flexibility to choose the right vector solution for each workload without lock-in or fragmentation.
• Model Usage Monitoring & Control: Starburst offers enterprise-grade AI model monitoring and governance. Teams can track, audit, and control AI usage across agents and workloads with dashboards, preventing cost overruns and ensuring compliance for confident, scalable AI adoption.
• Deeper Insights & Visualization: An extension of Starburst’s conversational analytics agent enables users to ask questions across different data product domains and provide back a natural language response in natural language, a visualization, or combination of the two. The agent is able to understand the user intent and question to do data discovery to find the right data before query processing to answer the question.

Beyond Dashboards and Copilots: The Next Era of AI

AI is rapidly moving past dashboards and copilots toward autonomous workflows that demand both real-time decisioning and long-term context. For enterprises in regulated sectors, including finance, telecom, manufacturing, and public services, this shift raises a critical challenge: how to harness AI’s potential without compromising on data sovereignty,governance, or compliance.

“Starburst’s federated approach eliminates the need to centralize data while delivering consistent policy enforcement and transparent lineage,” said Matt Fuller, VP of AI/ML Products at Starburst. “This means companies operating across European borders can confidently build AI and agentic workflows without compromising compliance. Our AI-ready lakehouse is designed with privacy, trust and performance at its core, giving teams governed access to the data that matters, whether they’re training LLMs, deploying retrieval-augmented generation, or orchestrating multi-agent workflows, without limitations of legacy architectures or vendor lock-in.”

Starburst’s Platform: Built for Global-Scale, Compliance-First AI

Building on its core capabilities, Starburst enables enterprises operating across the EU and other regulated regions to deploy AI without breaching data residency, privacy, or compliance mandates. The platform provides federated access to distributed data, allowing organizations to query and analyze information in place without unnecessary movement.

By design, Starburst ensures data sovereignty across borders, clouds, and business units, while metadata-driven policy enforcement supports GDPR, Schrems II, and other evolving global regulations. With governance embedded at every layer, enterprises gain the confidence to scale AI securely and compliantly, no matter where their data lives.

Availability

New innovations in the Starburst Data Platform will be generally available in Q4.

SUPPORTING RESOURCES

• Read the Blog Post: The Rise of the Agentic Workforce: Data and AI Platform Enterprises can Trust
• Read the Whitepaper: Technical Guide to Scaling Your Agentic Workforce
• Attend AI + Datanova Virtual featuring Trino Day, a two-day virtual event, October 22–23, 2025. Register here

About Starburst 

Starburst is the data platform built for flexibility, delivering fast, secure access to all your data, wherever it lives. Whether on-premises, across clouds, or in hybrid environments, Starburst provides choice and control to your architecture. Built on an open data stack with Trino and Apache Iceberg, it unifies distributed data without complex or costly migrations, unleashing the full power of the data lakehouse for analytics and AI.

With our Lakeside AI architecture, enterprises gain federated access, governed collaboration, and full data lineage, laying the foundation for scalable, compliant AI innovation. Starburst empowers data-intensive and security-conscious organizations to unlock the full potential of their data while ensuring performance, governance, and control.

Enterprises in 60+ countries, including Comcast, Citigroup, and 4 of the top 5 global banks, trust Starburst to maximize data value. Our strategic partnerships with AWS, Dell Technologies, and top cloud providers ensures seamless interoperability across environments.

From insights to action to AI, Starburst fuels innovation at every level. Learn more at starburst.ai.

NEW YORK, Oct. 9, 2025 /PRNewswire/ — Demand for Global Navigation Satellite System (GNSS) chipsets is rising globally, driven by growth in key verticals such as automotive and transportation, consumer electronics, and asset tracking applications. According to global technology intelligence firm ABI Research, global GNSS chipset shipments are projected to grow to 2.4 billion by 2029. China is expected to lead this growth with the highest Compound Annual Growth Rate (CAGR) of 7.2% between 2024 and 2029, followed closely by Western Europe at 6.7% and the rest of the Asia-Pacific region (excluding China) at 5.6%. In contrast, the Middle East and Africa is anticipated to see slower growth, with a CAGR of 2.7%.

“We are seeing a growing demand for consumer electronics, especially in countries like India, Indonesia, Vietnam, and Thailand,” explains Rachel Kong, Research Analyst at ABI Research. “This is fueled by the rapidly growing middle-class populations and smartphone penetration rates, which are boosting the adoption of GNSS-enabled smartphones, wearables, and tablets. In particular, the Sport & Wearables category – which includes devices such as smartwatches, smart glasses, fitness & wellness trackers, and wearable cameras – is forecast to see the highest CAGR of 13.2% between 2024 and 2029.”

Another key technology experiencing rapid growth is GNSS chipsets supporting the E6 band, an emerging GNSS frequency designed for high-precision applications. These chipsets are expected to achieve a strong CAGR of 36.7% between 2024 and 2029, largely driven by high-precision applications such as autonomous driving, aerospace, critical infrastructure monitoring, land surveying, and new location-based services.

With increasing global interoperability and integration of multiple GNSS solutions, worldwide demand for seamless, high-precision navigation continues to rise.

“Manufacturers are more willing to adopt multi-constellation chipsets to support a broader range of applications and geographies,” said Kong.

In addition, vendors such as Quectel, Unicore, Trimble, and ComNav Technology are increasingly launching and developing products that support the E6 band. Recent updates, including Trimble’s firmware enabling Galileo High Accuracy Service (HAS) on its devices, and Unicore introducing the UM981 high-precision positioning model, demonstrate the growing traction of this frequency band. Multi-frequency bands are also gaining significance by offering enhanced positioning accuracy, improved signal reliability, and better resistance to interference.

“These bands are already widely used in sectors such as aviation, maritime, and automotive, and their adoption will continue to grow as new use applications emerge and evolve over time,” said Kong.

These findings are from ABI Research’s Outdoor/Wide Area Location Technologies market data report, part of the company’s Space Technologies and Innovation research service, which includes research, data, and ABI Insights. 

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info:

Global                                                             
Jason Scheer
Tel: +1.516.624.2558                                                   
pr@abiresearch.com 

Recognised by Global Finance as Asia’s Safest Bank for the 17th year and ranked 2nd globally among the 50 Safest Commercial Banks

SINGAPORE, Oct. 9, 2025 /PRNewswire/ — DBS announced today that it has once again been named “Safest Bank in Asia” in 2025, marking its 17^th consecutive year receiving this distinguished recognition. The bank also retained its position at 2^nd in the ‘World’s 50 Safest Commercial Banks’ list. The rankings underscore DBS’ solid financial performance, strong risk management and governance, as well as robust balance sheet.

The Global Finance annual rankings of the World’s Safest Banks have been the recognised and trusted standard of financial counterparty safety for more than three decades. Winners were selected through an evaluation of long-term foreign currency ratings – from Fitch, Moody’s and Standard & Poor’s – of the 500 largest banks worldwide.

“In a year marked by tariff uncertainty, shifting interest rate environments, technological disruption, and heightened regulatory oversight, Global Finance’s World’s Safest Banks have proven their strength as anchors of stability in the global economy. Their resilience and innovation continue to underpin trust in the financial system and support global commerce,” said Joseph Giarraputo, Founder & Editorial Director of Global Finance.

Chng Sok Hui, Chief Financial Officer of DBS, said: “We’re honoured to be named Global Finance’s Safest Bank in Asia for the 17^th consecutive year. In times of turbulence, customers turn to institutions they trust – seeking safe harbours amid uncertainty. We have benefitted from that flight to quality and remain committed to being a trusted partner, safeguarding our clients’ financial interests and supporting the communities we serve.”

DBS has received global recognition from several prestigious financial publications, having been named “World’s Best Bank” multiple times by Euromoney, Global Finance and The Banker, and “World’s Best Bank for Customer Experience”, “World’s Best Bank for Corporate Responsibility” and “World’s Best Digital Bank” by Euromoney.

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

MILAN, Oct. 9, 2025 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, hosted the Global Summit & User Congress 2025 in Milan on October 6-7 under the theme “Expanding Intelligence, Creating Possibilities”. Over 500+ global ICT leaders, operators, partners, analysts, industry organizations and innovators gathered to explore the AI-driven digital transformation, foster an open digital-intelligent ecosystem, and drive industry and social innovation.

Xu Ziyang, CEO of ZTE, opened the global summit with a keynote speech. He pointed that in the era moving from bits to tokens, ZTE is committed to building intelligent network foundations, powering the future of computing, and partnering globally to co-create a new age of intelligence.

During the event, ZTE showcased its latest achievements in connectivity and computing, industry empowerment, and creating a better intelligent life for families and consumers.

Connection upgrade: Network x AI bidirectional integration

In wireless networks, ZTE continues to lead in UBR and M-MIMO innovations, building ultra-simple, ultra-efficient, and green sites. AI reshapes network capabilities, enhancing energy efficiency and O&M efficiency, with precise user experience guarantees, driving 5G toward a shift from volume to value; AgentGuard demo on AIR RAN secures AI interactions; AIR Net’s three engines advance to “Agentic Operation”. For 5G-A, ISAC supports low-altitude economy and water management; EasyOn private networks enable free-roam VR, media production, and embodied intelligent collaboration.

In the realm of core networks, ZTE unveiled its AI Core, upgrading core network architecture with “Know How” for visualized experience and “Do So” for differentiated monetization, shifting operators from “traffic-driven” to “experience-driven” models. The AI Core also introduced Agentic Ops, a multi-agent framework (fault handling, complaint resolution, network change, and digital twin simulation) to advance from L3 to L4+ autonomy.

Computing power: full-stack advancement

ZTE showcased its full-stack intelligent computing solution, featuring a comprehensive range of general and AI servers, including the industry-focused AiCube all-in-one appliance, to build a high-performance computing foundation. On the software side, it offers a navigational low-code AI platform and Co-Sight Agent Factory, lowering the barrier for AI model training and inference, enabling pipeline-based, minute-level AI app development. The upgraded Co-Sight Super Agent 2.0 topped the GAIA benchmark with 84.05 points.

For home scenarios: AI x Home

In the AI Home segment, revenue growth and ecosystem transformation are being achieved through technological upgrades and business model innovation in AI Wi-Fi 7 and AI media terminals. Powered by core capabilities such as AI smart antenna, AI seamless roaming, and AI acceleration engine, AI Wi-Fi 7 enables a 50% increase in ARPU (Average Revenue per User) through layered operations, scenario-based packages, and ecosystem terminal combinations — ushering in a new era of smart home monetization. AI media terminals have evolved from standalone TV boxes to full-scenario converged terminals.

In the AI-optical Infrastructure segment, AI-optical access, AI HI-OTN, and AI HI-IPNet are strategically focused on cost reduction, efficient O&M, performance, and security, thereby strengthening the core competitiveness of the wireline network.

For consumers: AI for All

ZTE is accelerating its consumer-centric transformation, strategically focusing on the youth market with gaming as a key breakthrough point. At this event, ZTE showcased the gaming smartphone nubia Neo series, a variety of stylish devices such as nubia Air, Flip, Focus and more, catering to lifestyles of the youth. This strategy has led to significant results, with international smartphone revenue growing by over 30% year-on-year in the first half of 2025.

Built around a diverse portfolio of AI devices, including smartphones, PCs, tablets, FWA&MBB, and wearables, ZTE is expanding AI’s reach while enhancing its intelligence. ZTE Devices booth features three main areas: gaming smartphone zone, lifestyle smartphone zone and world No.1 FWA & MBB zone empowered by the latest 5G-A and Wi-Fi 7 technologies, along with the debut of AI Pet Mochi in the overseas market, which will be a smarter, more proactive, and personalized emotional companion for everyone.

ZTE will keep advancing its “Connectivity + Computing” strategy with full-stack innovation and global partners to drive breakthroughs across connectivity, intelligent computing, ecosystems, and devices, powering tech and industry evolution.

For more information, please visit:
https://www.zte.com.cn/global/about/exhibition/zte_summit_2025.html

Media Inquiry:
ZTE Corporation
Communications
Email: ZTE.press.release@zte.com.cn  

PARIS, Oct. 9, 2025 /PRNewswire/ — With Frieze London about to kick off, followed by Art Basel Paris, Artprice News® announces the release of its 31st Contemporary Art Market Annual Report, in which Artprice by Artmarket presents and analyses the densest Contemporary and Ultra-Contemporary art market (see our methodology at the end of this press release) the world has ever seen.

Artprice’s 2025 Contemporary Art Market Report cover, featuring the digital work “The Thinking Fiend” by Other World

Artprice News lifts the veil on the current state of the Contemporary Art Market with analysis by Artprice’s econometrics department.  

As galleries, auction houses, and art advisors examine the causes and consequences of the slowdown in the global art market, the 31st Artprice by Artmarket Report provides a detailed analysis of the Contemporary Art auction market.

It exposes both the drivers and the extent of the contraction, but also highlights a number of positive signals: the rise of female artists, the emergence of new scenes, and the emergence of AI, which represents a genuine paradigm shift. More than just an inventory, this report outlines the key trends in tomorrow’s market.

Meanwhile, in order to remain focused on market trends on a regular basis, Artprice has just launched a new press agency, Artprice News, with its long-standing partner Cision PR Newswire. With nearly 30 years of experience as a World Leader in Art Market Information, we will now be publishing daily global art market news in 122 countries and 11 languages.

With Artprice News®, Artprice is supplementing the weekly publication of its ArtMarket Insight® with a daily global news feed that runs 24/7.

This initiative will allow Artprice by Artmarket to suplement its famous annual reports with the analysis of its proprietary AI tool, Intuitive ArtMarket®, and its partnership with Perplexity AI, giving users access to an unfathomable volume of data and parameters in its proprietary AI application, Blind Spot®.

Artprice – which owns the world’s largest collection of manuscripts and auction catalogues dating back to 1700 – is currently absorbing a colossal volume of historical information into its proprietary AI, Intuitive Artmarket®. This data will be tokenized for use in the next Global Art Market Annual Report (the 32nd edition) to be published in March 2026. Loyal readers will therefore have access to a whole new world.

Incidentally, in response to a request by Artmarket.com‘s board of auditors, Artprice’s collection of manuscripts and auction catalogues has recently (January 2025) been valued at 43 million euros, and it is of course, the primary foundation for Artprice by Artmarket’s proprietary AI tools.

Artprice’s annual art market reports are now capable of highlighting extremely complex transversal artistic trends which largely escape the academic, institutional, and commercial spheres.

A fractured top and bottom?

One quarter of global art auction turnover may have evaporated in a single year, but the auction market has never been so busy: auction houses have in fact recorded a record number of transactions for Contemporary Art.

Evolution of auction turnover from Contemporary Art

A premium segment running out of steam, but with far more artists, more lots on offer and more traffic than ever.

Over the past year, works by tens of thousands of contemporary artists have been sold through auctions around the world, and the scope of acquisition possibilities has never been broader. One in five of these artists was new to the auction market, and many of these were under forty years old. A new generation is therefore emerging, tracing the contours of tomorrow’s market.

The art market’s affordable segment (under $5,000 or even under $1,000) is continuing to grow, fueled by online sales. Cheap and easy to access, this segment is attracting a young, connected clientele hungry for works in tune with their times and concerns, in line with their vision of a new, multi-polar world, both geopolitically, philosophically, and digitally with AI.

According to Thierry Ehrmann, CEO of Artmarket.com and Founder of Artprice:

“Affordable artworks are experiencing a tsunami of interest. Indeed, this interest prompted us to meet with senior executives of the main global auction houses in NY and Beijing to discuss ways of promoting artworks priced between $5,000 and $15,000 and open up to sales in cryptocurrencies, now conducted mainly by ETFs since 2024, after the United States approved the Bitcoin spot ETF as well as the Ethereum spot ETF.

Giants like BlackRock (iShares Bitcoin Trust) and Fidelity now offer these products that directly replicate the price of Bitcoin/Ethereum. They are tradable like traditional stocks and eliminate all technical ownership risks.

Almost three years ago, Artprice by Artmarket moved to quote all of its art catalog databases in Bitcoin and Ethereum, including price fluctuations since March 2010 (birth of Bitcoin), in addition to the 8 international currencies that already existed in our databases. This initiative raised our database consultations in cryptocurrencies from 2% to 36%.

Today, this means that the 300 new millionaire art collectors are mostly young computer scientists between 25 and 40 years old who own Bitcoin and Ethereum. These new art buyers are seeking a form of social recognition that they find in the purchase of art, and particularly in digital artworks with the emergence of AI, which represents a genuine paradigm shift in art.

Based on its long-nurtured expertise in AI (since 1987 with Groupe Serveur, its parent company, its proprietary AI Intuitive Artmarket® and its recent collaboration with Perplexity) Artprice predicts that compared with today’s several hundred generative AI creators, the future will see the emergence of billions of creators of all ages and professions, among whom several million will emerge to radically expand the volume of the art market like never before in its history.

At the premium end of the spectrum, the market’s powerhouses are marking time: six-digit results have fallen sharply. Hong Kong’s art auction turnover is half the average of the last ten years, and the picture is not much better in London and New York.

The most powerful marketplaces – the United States, China, and the UK – currently account for more than three-quarters of global art auction turnover. Meanwhile, Paris now stands out as the world’s most dynamic capital in transaction volumes, ahead of London and New York.

New scenes and new faces

Our auction data also reflects the emergence of new scenes and the emergence of new faces. The Japanese scene is confirming its influence beyond Takashi Murakami and Yoshitomo Nara. Female artists are reaching important new milestones, breaking records and challenging the long-established hierarchy.

As screens of all sizes become increasingly present in our daily lives, the Contemporary Art Market has every opportunity to explode. Digital images, promoted by a multitude of outlets dedicated to digital artworks, now have a quality of definition beyond what the human eye (the sensor) and the brain (the actual generator of the image) can observe. Screens now offer exceptional resolution at a cost that has been divided by ten in just a few years.

Moreover, the creation of digital artworks, based on AI prompts, offers artists infinite possibilities without having to learn computer programming (which constituted a real obstacle to artistic creation).

The best auction result so far for an AI artwork was hammered for Ai-Da Robot’s A.I. God. Portrait of Alan Turing (2024) on 11 July 2024, fetching $1.1 million at Sotheby’s New York.

This sumptuous work is a tribute to Alan Turing, a true pioneer of AI, who, thanks to cryptanalysis, deciphered the Nazi Enigma Code, enabling the Allies to win WWII. Prosecuted in 1952 for his homosexuality, Alan Turing was sentenced to chemical castration and decided to end his life by taking cyanide on 8 June 1954. Queen Elizabeth II recognized him as a war hero and granted him a posthumous royal pardon in 2013.

Faced with this paradigm shift, auction houses are rethinking their strategies like never before, and, with rare audacity, collectors are redefining their priorities, and young buyers are imposing new codes.

Contemporary art is therefore not on hold: it is changing course and paving the way for a more inclusive, more fluid, and more diverse ecosystem.

Artprice News® focus on the fate of blue chips.

From the destiny of blue-chip artists like Jean-Michel Basquiat, Banksy, and Marlene Dumas, to the unexpected breakthrough of new artists via an ever-broadening spectrum of marketplaces and the digital revolution, Artprice’s 2025 Contemporary Art Market Report is a dive into the underlying dynamics of a rapidly changing market.

A market where every dataset tells a story and where every trend already outlines the contours of tomorrow’s market.

More than just a statistical inventory, this 31st global report suggests what the future may look like. It also focuses on opportunities that can be seized in a fractured market, which artists are on an upward trajectory despite the prevailing caution, and which scenes are emerging while others are slowing down.

The 2025 Contemporary Art Market Report is available free of charge in PDF, in French and in English:

https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2025

Based on the analysis of auction sales of works by more than 47,000 contemporary artists worldwide (July 2024 – June 2025), this report has long established itself as the industry’s Bible. Whether you are a professional, a seasoned collector, a journalist, a passionate enthusiast, or a student, this report reveals the trends, structural changes, and dynamics that are completely reshaping the art market.

Download the report now to discover the major transformations underway (with figures to back them up) as well as the rankings of the world’s most highly-rated contemporary artists.
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2025

Methodology

This Report analyzes all public auction sales of works of Fine Art (painting, drawing, sculpture, photography, print, video, installation, tapestry) and NFTs. It does not cover sales of antiques, anonymous cultural goods or furniture. It covers global auction results recorded by Artprice by Artmarket for artists born after 1945 (Contemporary Art), with a focus on artists under 40 years old (Ultra-Contemporary Art), between 1 July 2023 and 30 June 2024.

All prices quoted in this Report refer to public auction results, including buyer’s fees. All “$” symbols refer to the US dollars.

Copyright 1987-2025 thierry Ehrmann www.artprice.com – www.artmarket.com

Artprice’s econometrics department can answer all your questions relating to personalized statistics and analyses: econometrics@artprice.com

Find out more about our services with the artist in a free demonstration: https://artprice.com/demo

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About Artmarket.com:

Artmarket.com is listed on Eurolist by Euronext Paris. The latest TPI analysis includes more than 18,000 individual shareholders excluding foreign shareholders, companies, banks, FCPs, UCITS: Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.

Watch a video about Artmarket.com and its Artprice department: https://artprice.com/video

Artmarket and its Artprice department were founded in 1997 by thierry Ehrmann, the company’s CEO. They are controlled by Groupe Serveur (created in 1987). cf. the certified biography from Who’s Who In France©:

https://imgpublic.artprice.com/img/wp/sites/11/2025/02/2025-Biographie_de_Thierry_Ehrmann-Who-s-Who-In-France.pdf

Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information (the original documentary archives, codex manuscripts, annotated books and auction catalogs acquired over the years) in databanks containing over 30 million indices and auction results, covering more than 879,900 artists.

Artprice Images® allows unlimited access to the largest art market image bank in the world with no less than 181 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.

Artmarket, with its Artprice department, constantly enriches its databases from 7,200 auction houses and continuously publishes art market trends for the main agencies and press titles in the world in 121 countries and 11 languages.

https://www.prnewswire.com/news-releases/artmarketcom-artprice-and-cision-extend-their-alliance-to-119-countries-to-become-the-worlds-leading-press-agency-dedicated-to-the-art-market-nfts-and-the-metaverse-301431845.html

Artmarket.com makes available to its 9.3 million members (members log in) the advertisements posted by its Members, who now constitute the first global Standardized Marketplace® for buying and selling artworks at fixed prices.

There is now a future for the Art Market with Artprice’s Intuitive Artmarket® AI.

Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the French Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.

Artprice by Artmarket publishes its 2025 Contemporary Art Market Report:

https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2025

See our 2024 Global Art Market Annual Report, published in March 2025 by Artprice by Artmarket: https://www.artprice.com/artprice-reports/the-art-market-in-2024

Summary of Artmarket press releases with its Artprice department: https://serveur.serveur.com/artmarket/press-release/en/

Follow all the Art Market news in real-time with Artmarket and its Artprice department on Facebook and Twitter:

www.facebook.com/artpricedotcom/ (more than 6.5 million subscribers)

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Discover the alchemy and the universe of Artmarket and its Artprice department: https://www.artprice.com/video

whose head office is the famous Museum of Contemporary Art Abode of Chaos dixit The New York Times / La Demeure of Chaos:

https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013

Madame Rachida Dati, French Minister of Culture, has granted official recognition to thierry Ehrmann’s Abode of Chaos as a ‘total work of art’, the global headquarters of Artprice by Artmarket.
https://www.prnewswire.com/news-releases/madame-rachida-dati-french-minister-of-culture-has-granted-official-recognition-to-thierry-ehrmanns-abode-of-chaos-as-a-total-work-of-art-the-global-headquarters-of-artprice-by-artmarket-302409684.html

La Demeure du Chaos/Abode of Chaos – Total Work of Art and Singular Architecture.

Confidential bilingual work, now made public: https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf

• L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
• https://www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (more than 4.1 million subscribers)
• https://vimeo.com/124643720

Contact Artmarket.com and its Artprice department – Contact: ir@artmarket.com