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Ant Group, backed by Alibaba founder Jack Ma, has announced a significant technological breakthrough in artificial intelligence. The company achieved a 20% reduction in AI model training costs using exclusively Chinese chips from Alibaba and Huawei, which could challenge NVIDIA’s market monopoly. Technological Independence and Economic Efficiency Chinese fintech giant Ant Group demonstrates an important […]
Chinese company Alibaba has unveiled an updated version of its Tongyi Qianwen 2.0 artificial intelligence model to compete with American tech giants in the AI space. The company called the new model a significant upgrade over the previous version released in April. Tongyi Qianwen 2.0 demonstrates improved abilities in understanding complex instructions, reasoning, and error […]
China’s largest tech companies, including Alibaba and Tencent, have funded Zhipu, a startup that is seen in China as a response to the American OpenAI. What is known This year, Zhipu has raised 2.5 billion yuan (about $341 million), the company said in a statement. Investors include venture capital funds Sequoia and Hillhouse, as well […]
The National Agency for the Prevention of Corruption (NAPC) has added the Chinese group of companies Alibaba Group Holding Limited to the list of international sponsors of war. This was reported on the NACP website. It is noted that the company still operates in Russia and also provides its platforms for the sale of goods […]
Chinese tech giant Alibaba has launched Tongyi Wanxiang, an artificial intelligence tool capable of generating images based on textual prompts. Tongyi Wanxiang allows you to enter prompts in Chinese and English, and artificial intelligence generates images in different styles. “With the release of Tongyi Wanxiang, high-quality generative AI images will become more accessible, which will […]
The Russian-Chinese trading platform AliExpress Russia has laid off about 40% of its employees in Russia due to the fact that cross-border business has been disrupted due to the war in Ukraine, Nikkei reported on Friday. According to a Nikkei source, the joint venture’s commercial unit suffered the most from the cuts. AliExpress Russia, a […]