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China’s AI event World Intelligence Expo attracts few foreign firms in Tianjin amid global rift

by Anas Siddiqui
China’s AI event World Intelligence Expo attracts few foreign firms in Tianjin amid global rift

The World Intelligence Expo held in Tianjin, a four-day trade exhibition aimed at promoting the integration of artificial intelligence (AI) and industrial equipment, has seen limited participation from foreign brands …

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China’s AI giants cosy up to virtual companions as loneliness drives chatbot revenue

by Ron Morgan
China’s AI giants cosy up to virtual companions as loneliness drives chatbot revenue

The companies have each built their own answer to established foreign apps like Character.ai and Replika. Last year, Baidu launched Xiaokan Planet and Tencent’s online literature arm China Literature rolled …

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ChatGPT on iPhones unlikely to boost Apple sales in China, analysts say

by Anas Siddiqui
ChatGPT on iPhones unlikely to boost Apple sales in China, analysts say

Apple’s introduction of generative artificial intelligence (AI) capabilities on iPhones and its other devices is unlikely to boost the company’s sales in China because of abundant local competition and potentially …

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Tech unicorn Zhipu AI joins China’s LLM price war amid new funding round

by Anas Siddiqui
Tech unicorn Zhipu AI joins China’s LLM price war amid new funding round

“We diligently iterated the core technology of our models and improved its efficiency,” Zhipu AI chief executive Zhang Peng said at the event. “This is not just a simple price …

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Chinese internet giant Baidu to provide map service for Tesla EVs, as US carmaker eyes mainland launch of self-driving system

by Anas Siddiqui
Chinese internet giant Baidu to provide map service for Tesla EVs, as US carmaker eyes mainland launch of self-driving system

Version 20 of Baidu Maps, a desktop and mobile web-mapping application released in April, will soon be available on Tesla’s EVs, the Beijing-based artificial intelligence (AI) champion said in a …

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Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies

by Walter Watson
Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies

For Romer, though, waiting for AI to push worker productivity growth to new heights is a fool’s errand. The surest way to growth, he said, is foreign direct investment (FDI). …

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Tencent launches Yuanbao AI assistant app as internet giant moves to close gap with other Chinese chatbots

by Anas Siddiqui
Tencent launches Yuanbao AI assistant app as internet giant moves to close gap with other Chinese chatbots

Yuanbao can be used to analyse and summarise documents, provide questions and answers, and generate texts and images, similar to the functions of ChatGPT and alternative Chinese AI chatbots. Tencent’s …

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Alibaba, JD.com convertible bond sales may spur other Chinese internet giants

by Anas Siddiqui
Alibaba, JD.com convertible bond sales may spur other Chinese internet giants

More Chinese technology companies might turn to convertible bonds after Alibaba Group Holding and JD.com raised a combined US$6.5 billion through such notes. Alibaba sold US$4.5 billion in debt that …

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Alibaba emerges as major backer of high-flying Chinese start-up Moonshot AI, with 36% stake

by Anas Siddiqui
Alibaba emerges as major backer of high-flying Chinese start-up Moonshot AI, with 36% stake

Alibaba Group Holding has emerged as a major backer of Moonshot AI, one of China’s hottest artificial intelligence (AI) start-ups, holding a 36 per cent stake in the firm, according …

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Alibaba, Baidu, ByteDance heat up price war in China’s AI market with steep LLM discounts, putting pressure on start-ups

by Anas Siddiqui
Alibaba, Baidu, ByteDance heat up price war in China’s AI market with steep LLM discounts, putting pressure on start-ups

Alibaba Cloud Intelligence, China’s biggest cloud computing service provider, slashed the fees for using its generative artificial intelligence (AI) models by up to 97 per cent, a salvo in a …

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