At the recently concluded World Artificial Intelligence Conference (WAIC) 2024, significant insights and forecasts for the AI industry were revealed. Among the highlights was the substantial growth in China’s AI sector, with total funding reaching 3776.2 billion RMB (about US$521 billion). The conference underscored China’s pivotal role in the global AI landscape, featuring prominent predictions […]
artificial intelligence
IDC Highlights Autonomous Driving Technology Advancements
Recent advancements in technology, especially in artificial intelligence (AI), have propelled the connected, autonomous, shared, and electric (CASE) mobility trend. This has resulted in a highly competitive automotive industry in China. The new report from IDC China, “Autonomous Driving Capabilities Assessment, 2024,” delves into the progress of autonomous driving technology and evaluates the features of […]
Baidu Reports Q1 2024 Results, Highlights Developments in AI and Cloud Services
Baidu announced its unaudited financial results for Q1 2024, reflecting the company’s operational performance and key developments.
ByteDance’s AI Surge: Introducing the Doubao Model Family
In the ever-evolving field of artificial intelligence, ByteDance has taken a significant leap forward with its recent announcements at the annual “Force Conference.” This event showcased ByteDance’s commitment to advancing AI, unveiling a series of updates from foundational models to top-layer applications under its subsidiary, Volcano Engine.
Tencent’s Impressive Q1 2024 Financial Performance Sets Strong Foundation for Future Growth
Tencent Holdings Limited has announced its unaudited consolidated results for the first quarter of 2024, showcasing robust growth across various sectors despite challenging market conditions. The company, a leading internet and technology conglomerate in China, has reported substantial improvements in gross profit and net profit, reflecting its strategic focus on high-quality revenue streams and innovative […]
The Rise of AI-Integrated PCs in China
The landscape of personal computing is undergoing a transformation in China, driven by the rapid evolution of artificial intelligence technologies such as ChatGPT.
AI Patent Landscape in China
As China cements its position as a global technology leader, recent data highlights its prowess in artificial intelligence (AI). A new report by IPRdaily, a global intellectual property information service provider, has unveiled the top companies dominating the AI patent scene in China, showcasing the competitive edge and innovative capabilities of these tech giants. Dominance […]
Digital Human: The Rise of AI-Driven Live Streaming in China
AI digital persona achieved over 10 million viewers within 30 minutes of live streaming on JD.com. Viewer count surpassed 13 million within 40 minutes, setting a record high Nearly 20 million tuned in within the first hour, with average viewer duration 5.6 times longer The integration of artificial intelligence in e-commerce has taken a new […]
Baidu’s ChatGPT Rival Users Reached 200M
Robin Li, the founder, chairman, and CEO of Baidu, revealed at the Create 2024 Baidu AI Developer Conference that since its launch on March 16 of last year, Ernie Bot, a.k.a. Wenxin Yiyen in China, has reached a milestone of one year and one month on 16 April 2024.
NIO EV integrates OpenAI through Microsoft Azure partnership
In an innovative push to enhance driver experience, NIO, a frontrunner in the electric vehicle (EV) market, is integrating generative AI technology into its automotive assistant, NOMI, utilizing Microsoft Azure’s OpenAI services. This integration marks a significant step in evolving in-car intelligence, setting a new standard for AI applications in the automotive industry.
IDC: China’s GenAI investment to surge with 86% CAGR over five years
China’s technology landscape presents a unique paradox of vast opportunities entwined with intricate challenges. Amidst this dynamic environment, generative AI (GenAI) emerges as a pivotal force, poised to redefine the contours of the country’s digital economy. With IDC forecasting GenAI-related IT spending to soar to $9.6 billion by 2027, understanding China’s distinct approach becomes crucial […]
Alibaba-Backed Moonshot AI Unveils Kimi Chatbot’s Breakthrough
In a groundbreaking development that is set to redefine digital communication, Kimi, the AI assistant developed by Moonshot AI (backed by Alibaba Group), has announced support for an unprecedented 2 million-character dialogue window. This enhancement, achieved within just six months of its initial release in October 2023, signifies a monumental leap in AI capabilities. The […]
Tencent Revenues Up 10% in 2023
In a year marked by innovation and strategic foresight, Tencent Holdings Limited not only bolstered its financial standing but also set new benchmarks within China’s digital arena. The conglomerate’s 2023 financial results, alongside a series of strategic undertakings, shed light on the thriving dynamics of China’s technology sector and Tencent’s pivotal role therein.
Baidu’s XuanYuan Outperforms GPT4 and LLaMA2 in Financial LLMs
Du Xiaoman, previously known as Baidu Finance, is a leading AI-powered financial services platform in China. It recently announced the release of 12 new financial large models (FLMs) under its “XuanYuan” series. The new models, with parameters ranging from 6B to 13B and 70B, are open-sourced and have demonstrated outstanding financial performance in a variety […]
Alibaba’s “Hui Wa”: Future of E-commerce or Mere Hype?
In the evolving landscape of digital commerce, Alibaba’s recent foray into AI-driven e-commerce with the launch of “Hui Wa” marks a significant milestone. As the digital giants of China, including Baidu and ByteDance, pave their paths in AI e-commerce, the question arises: Is AI the new frontier for e-commerce, or is it simply a buzzword? […]