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

Alibaba says its Tongyi Qianwen AI models are used by over 90,000 corporate clients in China

Alibaba says its Tongyi Qianwen AI models are used by over 90,000 corporate clients in China

Alibaba Group Holding said its self-developed large language models (LLMs) have been adopted by more than 90,000 corporate clients, as the Chinese tech giant competes against rivals to draw users to its generative artificial intelligence (AI) services. Tongyi Qianwen, the company’s LLM series known also as Qwen, is used in industries ranging from consumer electronics … Read more

Tencent pushes wider adoption of AI-powered smart mobility system from a vehicle’s cockpit to the factory floor

Tencent pushes wider adoption of AI-powered smart mobility system from a vehicle’s cockpit to the factory floor

Senior executives of the Shenzhen-based technology behemoth on Wednesday took the wraps off this initiative at an event in Beijing, where they touted the advantages of having its mobility solution backed by the firm’s own large language model (LLM) – the technology used to train generative AI services like ChatGPT – to not only enhance … Read more

Chinese AI giant SenseTime suspends trading as shares surge more than 30% after launch of updated large language model

Chinese AI giant SenseTime suspends trading as shares surge more than 30% after launch of updated large language model

“In our pursuit to push the boundaries of SenseNova’s capabilities, SenseTime remains guided by the Scaling Law as we build upon our large [language] model based on this three-tier architecture: knowledge, reasoning and execution,” said Li, referring to expanding the LLM’s size by increasing its parameter count to boost its learning and generalisation capacity. SenseTime … Read more

China’s Ant, Baidu, Tencent collaborate with US firms OpenAI, Nvidia on publishing first global generative AI standards

China’s Ant, Baidu, Tencent collaborate with US firms OpenAI, Nvidia on publishing first global generative AI standards

China’s Ant Group, Baidu and Tencent Holdings have joined forces with leading global tech companies including OpenAI, Microsoft and Nvidia to publish two international standards on generative artificial intelligence (GenAI) and large language models (LLMs). The companies on Tuesday released the “Generative AI Application Security Testing and Validation Standard” and the “Large Language Model Security … Read more

Chinese tech giant Lenovo targets US$16 billion in sales of new AI-powered computers, smartphones via e-commerce partner JD.com

Chinese tech giant Lenovo targets US billion in sales of new AI-powered computers, smartphones via e-commerce partner JD.com

The two Hong Kong-listed partners are targeting 120 billion yuan (US$16.6 billion) in sales over the 2024-2026 period via JD.com’s online and offline channels, covering Lenovo’s next-generation AI PCs, AI-powered smartphones, tablets and other “AI-oriented infrastructure such as servers”, according to a statement published on Sunday by both companies on their respective WeChat accounts. That … Read more

TikTok owner ByteDance accelerates generative AI efforts with increased talent acquisition, release of new tools

TikTok owner ByteDance accelerates generative AI efforts with increased talent acquisition, release of new tools

Beijing-based ByteDance’s website listed more than 320 GenAI-related job openings as of Tuesday, up from 307 vacancies posted a month earlier, according to a search conducted by the South China Morning Post. A specific search for jobs in the development of large language models (LLMs) – the technology used to train ChatGPT and similar GenAI … Read more

Chinese generative AI developers rush to upgrade chat bots to handle super long texts

Chinese generative AI developers rush to upgrade chat bots to handle super long texts

China’s biggest generative artificial intelligence (AI) developers, including Baidu and Alibaba Group Holding, have rushed to upgrade their chat bots so they can handle super long texts of up to 10 million Chinese characters. The move follows Google, which in February unveiled the latest version of its Gemini large language model (LLM) that achieves a … Read more

Alibaba-backed Moonshot AI claims breakthrough in expanded Chinese-character prompt for Kimi chatbot

Alibaba-backed Moonshot AI claims breakthrough in expanded Chinese-character prompt for Kimi chatbot

Chinese artificial intelligence company Moonshot AI claims that its Kimi chatbot can now handle up to 2 million Chinese characters in a single prompt – the instruction or query a user enters into the interface of a ChatGPT-like service – to surpass the capabilities of existing home-grown AI tools. The Beijing-based start-up, known in Chinese … Read more

Alibaba said to lead new financing round for Chinese AI firm MiniMax that would value the start-up at over US$2 billion

Alibaba said to lead new financing round for Chinese AI firm MiniMax that would value the start-up at over US billion

Shanghai-based MiniMax, which was founded in 2021, is in the process of raising new funding that would value the company at more than US$2 billion, another investor with knowledge of the matter said. The two investors requested anonymity because they are not authorised to speak to the media. A report by Bloomberg on Tuesday said … Read more