Alibaba Cloud, the cloud computing arm of Alibaba Group Holding, has given users of its visual reasoning artificial intelligence (AI) model a new year’s gift by cutting prices up to 85 per cent, as price wars continue to rage in China’s domestic AI services market. The announcement, coming on the last day of 2024, marks … Read more
Shi Yuxiang is eager to find out what the latest artificial intelligence (AI) technology has to offer in video-making. But with OpenAI’s long-awaited Sora video generation tool launching only earlier this month, the 34-year-old entertainment industry professional from Beijing has been experimenting with a wide range of Chinese alternatives. “Whenever there’s a new product release, … Read more
The Hong Kong Monetary Authority has picked 10 banks and four technology partners to test more than a dozen use cases for generative artificial intelligence (GenAI) in the financial services sector. HSBC, Bank of China (Hong Kong) and Standard Chartered will pilot several intelligent applications and systems in a sandbox as part of a plan … Read more
China’s Ministry of Industry and Information Technology (MIIT) on Friday announced the establishment of an “artificial intelligence (AI) standardisation technology committee” that includes executives from tech giants Baidu, Alibaba Group Holding, Tencent Holdings and Huawei Technologies. The committee will be responsible for “making and revising” standards for different AI vertical markets, including assessment and testing, … Read more
The founder of Beijing-based artificial intelligence (AI)-based image recognition firm DeepGlint has stepped down as general manager, as the company grapples with widening losses this year amid fresh competition from generative AI firms. Zhao Yong is stepping back from day-to-day operations but retains his role as chairman, according to a corporate filing from the Shanghai-listed … Read more
Singapore-headquartered Ant International said it has developed an AI model that predicts currency exchange rates on an hourly basis for both inbound and outbound transactions, which would help businesses reduce transaction costs and better allocate resources, the company said in a statement on Thursday. “Integration of AI into the processing of cross-border transactions is of … Read more
The service called DingTalk 365 offers more than 10 features including AI-powered search, virtual assistant and automated reply, according to a DingTalk post published on Monday on the platform’s public WeChat account. Alibaba owns the South China Morning Post. The search feature, for example, uses large language models – the technology underpinning generative AI (GenAI) … Read more
The fictional Jarvis – an acronym that stands for “Just a Rather Very Intelligent System” – is a sophisticated AI assistant that made its debut in the 2008 film Iron Man, in which it manages and operates the internal systems of Stark’s laboratory, home and superhero armours. Ant Group, the fintech affiliate of Alibaba Group … Read more
The companies unveiled their “Large Language Model Security Requirements for Supply Chain” on Friday with the World Digital Technology Academy (WDTA), during a side event at the Inclusion Conference on the Bund in Shanghai. This new standard, which covers the entire life cycle of LLMs, is part of the WDTA’s broader AI Safety, Trust, and … Read more
ByteDance, the owner of TikTok and its Chinese sibling Douyin, is furthering plans to boost its research capabilities in large language models (LLMs), the technology used to develop generative artificial intelligence (GenAI) tools like ChatGPT, as the firm’s recent efforts begin to bear fruit. The company has added at least two prominent AI experts to … Read more
