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Moonshot AI

ByteDance’s CapCut, Doubao top global AI app downloads, outpacing ChatGPT: report

by Anas Siddiqui
ByteDance’s CapCut, Doubao top global AI app downloads, outpacing ChatGPT: report

Video-editing app CapCut recorded 38.42 million downloads in July, while chatbot Doubao achieved 27.45 million downloads to outperform OpenAI’s ChatGPT, which had 19.81 million in the same period, according to …

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Beijing non-profit academy offers open-source AI tools to fuel country’s adoption of the technology

by Anas Siddiqui
Beijing non-profit academy offers open-source AI tools to fuel country’s adoption of the technology

A Beijing-based non-profit organisation on Friday launched a suite of open-source artificial intelligence (AI) models and tools to help fuel the technology’s local development, in a fresh example of China’s …

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Chinese AI social media apps see demand rise in overseas markets amid slow mainland adoption

by Anas Siddiqui
Chinese AI social media apps see demand rise in overseas markets amid slow mainland adoption

A number of Chinese artificial intelligence (AI) companies are seeing greater demand for their social media applications in overseas markets, as adoption on the mainland has been slower by comparison. …

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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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Alibaba invests US$27 million in education start-up to expand its generative AI portfolio amid price war in China

by Anas Siddiqui
Alibaba invests US million in education start-up to expand its generative AI portfolio amid price war in China

Alibaba Group Holding has invested around 200 million yuan (US$27.6 million) in artificial intelligence (AI) education start-up Zhejiang Jingzhunxue, as the Chinese e-commerce giant continues to bet heavily on the …

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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 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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Hot Chinese AI start-up Moonshot in talks for new funding, boosting valuation to US$3 billion

by Anas Siddiqui
Hot Chinese AI start-up Moonshot in talks for new funding, boosting valuation to US billion

Chinese artificial intelligence (AI) start-up Moonshot AI is in talks with investors for additional financing that would value it at more than US$3 billion, making it the highest valued start-up …

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Venture-capital funding in China falls to pandemic-era lows in weak 2024 start, with AI, EVs, clean energy as exceptions

by Anas Siddiqui
Venture-capital funding in China falls to pandemic-era lows in weak 2024 start, with AI, EVs, clean energy as exceptions

The figure, the lowest since the first quarter of 2020, was “striking”, according to the professional services firm, even after accounting for how the first quarter tends to be slow …

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Baidu and Zhipu AI’s large language models top Chinese generative AI rankings, but OpenAI, Anthropic remain ahead in overall performance

by Anas Siddiqui
Baidu and Zhipu AI’s large language models top Chinese generative AI rankings, but OpenAI, Anthropic remain ahead in overall performance

Baidu’s Ernie Bot 4.0 and start-up Zhipu AI’s GLM-4 rank top among Chinese large language models (LLMs), but their foreign rivals still lead in overall capabilities, according to a new …

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