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 […]
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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.
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 […]
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? […]
Chinese Entrepreneurs Seize Early Profits from OpenAI’s Sora
Before OpenAI Sora’s public testing, a niche market emerged in China, capitalizing on the collective anxiety to be ahead in the AI curve—selling knowledge courses and speculative ventures around Sora. The introduction of OpenAI’s video model Sora in early 2024, following the stir caused by the text-to-text LLMs in 2023, showcased the relentless pace of […]
China’s AI Investment to Surge
The International Data Corporation (IDC) forecasts a global surge in artificial intelligence (AI) investments, expecting a total of $423.6 billion by 2027, with a compound annual growth rate (CAGR) of 26.9% from 2022 to 2027.
China’s Data and Analytics Market Forecast 2024
IDC’s latest forecast reveals a significant upturn in the data and analytics software market, projecting a compound annual growth rate (CAGR) of 16% to reach $340 billion by 2027. This surge underscores the accelerating enterprise drive to harness analytical insights and operational efficiency from their data. The advent of Generative AI (Gen AI) alongside the […]