The new AI fund’s scope of business includes general equity investment and asset management, according to the registry service, which did not provide any details. Its creation reflects Beijing’s determination to advance the nation’s AI capabilities, despite greater tech restrictions imposed by Washington. Bejing made AI a national priority amid a heightened tech war between … Read more
Alibaba Cloud, the cloud computing arm of Alibaba Group Holding, has given users of its visual reasoning artificial intelligence (AI) model a new year’s gift by cutting prices up to 85 per cent, as price wars continue to rage in China’s domestic AI services market. The announcement, coming on the last day of 2024, marks … Read more
China’s artificial intelligence (AI) start-up Zhipu AI said on Tuesday that it has raised 3 billion yuan (US$412 million) in a new funding round, beefing up the firm’s war chest as it braces for stiffer competition in the market. The new financing adds to a funding spree that has seen Zhipu secure four investment rounds … Read more
TikTok parent ByteDance has turned up the heat in the Chinese generative artificial intelligence (GenAI) market by slashing the price of a new AI model with “visual understanding” capabilities and launching a slew of product updates. The new model, part of the company’s popular Doubao family, was introduced at 0.003 yuan (US$0.00041) per thousand token … Read more
Baidu CEO Robin Li Yanhong touted strong user growth for its Ernie large language model (LLM) at the company’s annual conference where it debuted a pair of artificial intelligence (AI)-powered smart glasses, as China’s largest internet search firm jostles for attention in a sea of competitors. Li said at the event on Tuesday that its … Read more
TikTok parent ByteDance is adding video-generation ability to its ChatGPT alternative Doubao, as the short-video giant doubles down on a potential blockbuster in China’s fast-growing generative artificial intelligence (AI) market. The Doubao chatbot – powered by its namesake large language model (LLM), the same underlying technology behind ChatGPT – has started testing a new video … Read more
Artificial intelligence (AI) chip start-up Biren Technology, considered key to China’s efforts to reduce reliance on US chipmaker Nvidia, said it has significantly increased the performance of its hardware when training large language models (LLMs) by working with a Tencent Holdings-backed supplier of computing power, or compute. Biren, which Washington placed on a trade blacklist … Read more
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
The service called DingTalk 365 offers more than 10 features including AI-powered search, virtual assistant and automated reply, according to a DingTalk post published on Monday on the platform’s public WeChat account. Alibaba owns the South China Morning Post. The search feature, for example, uses large language models – the technology underpinning generative AI (GenAI) … Read more
Alibaba Cloud, the digital technology backbone of the e-commerce giant, announced the release of more than 100 of its newly launched Qwen 2.5 LLMs to the global open-source community at the opening of the three-day Apsara Conference, its annual flagship event that runs until Saturday. Alibaba owns the South China Morning Post. “Alibaba Cloud is … Read more
