China’s ‘AI Tiger’ Zhipu in race to bring enhanced features to video-generation apps

China’s ‘AI Tiger’ Zhipu in race to bring enhanced features to video-generation apps

China’s state-backed unicorn Zhipu AI has introduced a series of artificial intelligence (AI) features to its video tool Ying, in a heated race with other start-ups and Big Tech companies to woo users in a growing market for AI-assisted video creation tools. After the updates, Ying will be able to generate 4K high-definition video clips … Read more

Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Algorithm engineer Zhou Chang, who worked on the Tongyi Qianwen large language models (LLMs), has decided to leave Alibaba’s cloud computing unit after seven years at the firm, according to two people familiar with the matter. Alibaba owns the South China Morning Post. Zhou’s departure was first reported on Wednesday by Chinese media 36Kr. The … Read more

Tech unicorn Zhipu AI joins China’s LLM price war amid new funding round

Tech unicorn Zhipu AI joins China’s LLM price war amid new funding round

“We diligently iterated the core technology of our models and improved its efficiency,” Zhipu AI chief executive Zhang Peng said at the event. “This is not just a simple price war. Through technological innovation, we lowered the cost and improved customer value.” This development reflects Zhipu AI’s confidence to go head-to-head against the major LLM … Read more

China’s 4 new ‘AI tigers’ – Baichuan, Zhipu AI, Moonshot AI and MiniMax – emerge as investor favourites

China’s 4 new ‘AI tigers’ – Baichuan, Zhipu AI, Moonshot AI and MiniMax – emerge as investor favourites

A group of artificial intelligence (AI) start-ups are emerging as China’s best hopes for reaching the frontier of ChatGPT-like technology, as they draw increasing attention from users and investors. Among them, Baichuan is the latest to complete a new round of fundraising. While the start-up told the Post on Thursday that there had been some … Read more