Fintech firm Ant Group is selling its $100 million stake in A&T Capital as the Chinese firm ditches crypto to focus on AI. Apart from the increasing interest in AI from across the globe that might have excited Ant Group,
Alibaba opened its AI model, Tongyi Qianwen, to the public after receiving approval from the Chinese government to market the ChatGPT competitor to a wider audience, according to a report by the South China Morning Post. In a post on
As the race for metaverse development continues, Shandong Province in China has released draft guidelines to develop an ambitious 150 billion yuan, or $20.5 billion, metaverse market by 2025. As part of its plan, the province seeks to develop metaverse-related
Bitcoin software company Lightning Labs announced a range of new developer tools that allow AI models such as ChatGPT to hold, send and receive bitcoin (BTC). Transactions are processed via the Lightning Network, the payments layer built on the Bitcoin
Police in China have arrested a man for publishing a fake train accident story written using ChatGPT. It marks the first time that anyone has been arrested for using the AI chatbot, not only in China where ChatGPT is illegal
Chinese multinational Alibaba is partnering with layer-1 blockchain provider Avalanche to help third-party businesses launch in the metaverse. The announcement came on Thursday last week as part of the Avalanche II summit. The event took place over three days in
Chinese regulators have released draft regulations that will compel generative artificial intelligence – the software systems like the one underpinning ChatGPT – to follow the Chinese Communist Party’s (CCP) strict censorship rules, The New York Times reported on Monday. Generative
The stock price of Chinese AI company SenseTime has plunged after surging 11% on Tuesday following the announcement of a series of new AI-powered products. Chinese tech giants Alibaba Group Holdings and Japan’s Softbank Group Corp have both invested in
Alibaba Cloud, a part of Chinese tech giant Alibaba Group, unveiled its own version of a ChatGPT-like AI tool called Tongyi Qianwen this week. Several tech giants have embraced AI, including Microsoft, Google, and Baidu, motivated by the successful launch
As we reported last week, More than 1,000 tech leaders have penned an open letter urging for a pause on major AI development and training. The moratorium, they say, will allow developers to gain a better understanding of these technologies.
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