Chinese selfie apps giant Meitu sees profits triple in 2023 on back of new generative AI-powered tools

Chinese selfie apps giant Meitu said new image-and-video-editing tools powered by artificial intelligence (AI) helped the company triple its profits last year, in stark contrast to how many other firms struggle to monetise the technology through their own generative AI initiatives. Citing its preliminary assessment of unaudited accounts, Hong Kong-listed Meitu estimated net profit last … Read more