Start-up

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

OpenAI rival Anthropic in talks to raise $750 million funding round

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Omar Marques | Lightrocket | Getty Images Anthropic, the OpenAI rival founded by ex-OpenAI employees, is in talks to raise a $750 million funding round led by Menlo Ventures, a person with direct knowledge of the matter told CNBC. The round would value Anthropic at up to $18.4 billion, per the source familiar — nearly … Read more

Jack Ma-backed fishery-and-agriculture company 1.8 Meters starts sale of seafood products via Alibaba’s Freshippo and Tmall

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Dozens of orders had been placed for those two seafood products on Tmall as of Tuesday noon, which could be viewed by some as a lukewarm performance on the platform. Taobao and Tmall have more than 800 million monthly active users as of November. Alibaba owns the South China Morning Post. Dozens of orders had … Read more

75-year-old tech mogul betting $1 billion of his fortune on AI future

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Billionaire Silicon Valley technology leader Romesh Wadhwani, 75, is investing $1 billion of his personal fortune in predictive and generative AI technology. SAIGroup Billionaire Silicon Valley technology leader Romesh Wadhwani recently celebrated his 75th birthday with 100 friends, reminiscing about many career milestones and only wishing he were 20 years younger in a new, fast-moving … Read more