IReader Technology

China approves 14 large language models and enterprise applications, as Beijing favours wider AI adoption across industries

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A total of 14 LLMs and enterprise applications were recently given the green light by authorities for commercial use, according to local media reports and company announcements including those from smartphone giant Xiaomi, AI specialist Beijing Fourth Paradigm Technology Co and Beijing-based tech unicorn 01.AI, founded by venture capitalist Lee Kai-fu. This new batch includes … Read more

TikTok owner ByteDance to trim stake in Chinese mobile reading platform IReader

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Chinese short-video giant ByteDance is selling about 4.38 million shares in digital reading platform operator IReader Technology, a stake worth about 106 million yuan (US$14.9 million) based on closing share prices on Thursday. The sale will be carried out over three months by Beijing Liangzi Yuedong Technology, a wholly-owned subsidiary of ByteDance, IReader said in … Read more