Chinese internet giant Tencent Holdings added more than 3,000 jobs in the third quarter, in a sign that the country’s most valuable technology company is on a new growth trajectory after the industry was beset by downsizing in recent years. The Shenzhen-based company had 108,823 employees by the end of September, up 3 per cent … Read more
Baidu CEO Robin Li Yanhong touted strong user growth for its Ernie large language model (LLM) at the company’s annual conference where it debuted a pair of artificial intelligence (AI)-powered smart glasses, as China’s largest internet search firm jostles for attention in a sea of competitors. Li said at the event on Tuesday that its … Read more
— Q: Only 8 percent of European companies currently use AI, according to a report published in July. How do you want to reach the target of 75 percent by 2030? — Q: President von der Leyen instructed you to develop a “Cloud and AI development plan” to boost computing power and data storage to … Read more
When Alibaba Group Holding held its eleventh Singles’ Day shopping festival in 2019, it culminated in Shanghai that November with a performance by American pop sensation Taylor Swift to help get consumers in a cheerful mood. Five years later, China’s largest e-commerce company decided a party for the world’s largest online shopping festival was no … Read more
A co-founder of China’s food delivery giant Meituan has returned to the company to lead its efforts in artificial intelligence (AI), as Big Tech firms rush to adopt the fast-developing technology in their operations, according to local media. Wang Huiwen, who stepped down last year as non-executive director and member of the nomination committee, will … Read more
Microsoft on Wednesday reported its quarterly sales grew 16 per cent to US$65.6 billion as the company sought to assure investors its huge spending on artificial intelligence is paying off. The company has spent billions of dollars to expand its global network of data centres and other physical infrastructure required to develop AI technology that … Read more
The US Justice Department is considering asking a federal judge to force Google to sell off parts of its business in what would be a historic break-up of one of the world’s biggest tech companies. Antitrust enforcers are weighing a break-up to mitigate the Alphabet business’s dominance in search, the agency said in a court … Read more
“With the losses that we have had, you know, everybody around me, they said: ‘Brace for negative impact,’” she said. “So this is very positive and I had prepared for a stiff upper lip, facing a possible defeat.” “On a scale from one to 100 of surprise and no surprise, I think I’m in 99,” … Read more
Civil society groups in Malaysia have also previously criticised the licensing regime as one that could stifle free speech and criticism of the government, but authorities have reiterated that it is necessary at a time of rising cybercrime and a perceived lack of effort by tech firms in tackling it. “(The tech firms) will likely … Read more
AI investment has boosted the company’s revenue in search and recommendation scenarios, Chen said, and helped increase the frequency with which shoppers repurchase products on the company’s e-commerce platforms such as Taobao and Tmall. Alibaba’s June quarter was a mixed bag. The company reported 4 per cent year-on-year revenue growth to 243.2 billion yuan (US$33.5 … Read more
