Alibaba Group Holding is scaling down its metaverse operations, according to a source familiar with the matter, making it the latest Big Tech company to pull back resources from the once-popular sector. Dozens of employees at Yuanjing, the metaverse unit of e-commerce giant Alibaba, have been laid off, as part of a restructuring that aims … Read more
A Chinese state-owned carrier said it has developed two large language models (LLM) trained entirely on domestically produced chips, illustrating the progress China has made in its effort to achieve chip autonomy in artificial intelligence (AI). The Institute of AI at China Telecom, one of the country’s large state-backed telecoms operators, said in a statement … Read more
China’s artificial intelligence (AI) industry could pour more than 10 trillion yuan (US$1.4 trillion) into developing the technology in the next six years, according to Chen Liang, chairman of the state-backed investment vehicle China International Capital Corporation (CICC). Chen made the comments on Sunday during a talk at the International China Investment Forum, organised by … Read more
VISAKHAPATNAM: The Visakhapatnam police claimed to have busted a cybercrime racket and arrested three consultancy agents for allegedly luring unemployed youths and sending them to Chinese-operated cybercrime rings in countries such as Cambodia, Myanmar, and Thailand, officials said on Saturday. Despite growing awareness of cybercrime, incidents continue to rise, with many still falling prey to … Read more
