Sensetime

Chinese AI start-up MiniMax releases low-cost open-source models that rival top chatbots

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Chinese AI start-up MiniMax releases low-cost open-source models that rival top chatbots

Chinese artificial intelligence (AI) start-up MiniMax has launched a new series of open-source models, intensifying the competition among mainland technology firms to deliver cost-effective AI systems that can rival top offerings from US competitors. The Shanghai-based company on Tuesday unveiled the MiniMax-01 large language model (LLM) family, which includes a general-purpose foundational model, the MiniMax-Text-01, … Read more

SenseTime 10 years on still has advantages as Chinese AI challenges mount, CEO says

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SenseTime 10 years on still has advantages as Chinese AI challenges mount, CEO says

Chinese artificial intelligence (AI) company SenseTime celebrated its 10th anniversary on Thursday at its first annual Global AI Summit since the death of co-founder Tang Xiao’ou, with CEO Xu Li highlighting the firm’s chip-agnostic approach as an advantage in the coming years amid an influx of new industry challengers. “We actually adapt our AI algorithms … Read more

China’s AI industry faces shakeout, leaving only a dozen top tier LLMs, expert says

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China’s AI industry faces shakeout, leaving only a dozen top tier LLMs, expert says

China’s artificial intelligence (AI) industry is entering a rapid period of consolidation after large language model (LLM) development mushroomed last year, industry experts said. “[LLM competition] has entered the finals this year,” Alex Zhou, managing partner of Qiming Venture Partners, said at the Future Tech Summit 2024, held by Hong Kong Exchanges and Clearing (HKEX) … Read more

Alibaba’s AI model outperforms Chinese rivals, ranks just behind OpenAI, Anthropic

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Alibaba’s AI model outperforms Chinese rivals, ranks just behind OpenAI, Anthropic

Qwen2-72B-Instruct – the most advanced version of the Hangzhou-based e-commerce giant’s Qwen family of large language models (LLMs), the open source version of Tongyi Qianwen – came in just behind OpenAI’s GPT-4o and Anthropic’s Claude 3.5 Sonnet in a ranking from SuperClue, a benchmarking platform that evaluates models based on metrics such as calculations, logic … Read more

‘Too many’ AI models in China: Baidu CEO warns of wasted resources, lack of applications

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‘Too many’ AI models in China: Baidu CEO warns of wasted resources, lack of applications

“In 2023, intense competition among over 100 LLMs has emerged in China, resulting in a significant waste of resources, particularly computing power,” Li said during a panel discussion at the World Artificial Intelligence Conference (WAIC) in Shanghai on Thursday. Li called on developers to build more practical applications rather than continuously tweaking the technology that … Read more

China’s AI competition deepens as SenseTime, Alibaba claim progress at AI show

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China’s AI competition deepens as SenseTime, Alibaba claim progress at AI show

Chinese large language model (LLM) developers from SenseTime and Alibaba Group Holding have rushed to declare fresh progress in developing their artificial intelligence (AI) technology at the country’s largest annual industry conference, in sign of deepening competition in the country’s largely closed-off market. At the World Artificial Intelligence Conference (WAIC) in Shanghai, Chinese AI champion … Read more

China kicks off largest AI conference in Shanghai as tech rivalry with the US heats up

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China kicks off largest AI conference in Shanghai as tech rivalry with the US heats up

On Monday, the UN General Assembly unanimously adopted a China-led resolution that calls on the international community to create a “free, open, inclusive and non-discriminatory” business environment among wealthy and developing nations for AI development. Elon Musk speaks at the World Artificial Intelligence Conference in Shanghai on August 29, 2019. Photo: Reuters More than 500 … Read more

Google Translate now supports Cantonese after its biggest language expansion, driven by AI

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Google Translate now supports Cantonese after its biggest language expansion, driven by AI

Google has added Cantonese to its Google Translate service, as part of its largest-ever expansion that saw 110 new languages being supported, aided by generative artificial intelligence (GenAI) technology. From Thursday, users of the app and browser versions of the Google tool can translate between 243 languages, including Cantonese, a Chinese dialect widely spoken in … Read more

Chinese AI social media apps see demand rise in overseas markets amid slow mainland adoption

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Chinese AI social media apps see demand rise in overseas markets amid slow mainland adoption

A number of Chinese artificial intelligence (AI) companies are seeing greater demand for their social media applications in overseas markets, as adoption on the mainland has been slower by comparison. Shanghai-based MiniMax – a generative AI start-up that counts South China Morning Post owner Alibaba Group Holding as a major investor – has become a … Read more

Exclusive | SenseTime CEO says generative AI will help the firm turn a profit within two years

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Exclusive | SenseTime CEO says generative AI will help the firm turn a profit within two years

SenseTime, one of China’s artificial intelligence (AI) pioneers, is aiming for profitability within the next two years as revenue from its generative AI business tripled last year, and is expected to become the company’s new profit engine, according to CEO and co-founder Xu Li. Hong Kong-listed SenseTime reported revenue of 1.184 billion yuan (US$163.4 million) … Read more