4 Chinese Tech Companies Release ChatGPT-like AI Chatbots
After receiving government approval, four Chinese technology companies introduced their artificial intelligence (AI) chatbots for public use on August 30. Baidu, Baichuan Intelligent Technology, SenseTime, and Zhipu AI launched their chatbots less than two weeks after the government’s official AI legislation was enacted on August 15. Government sanction is required before the launch of AI-based […]
Germany to Tighten Screening for Chinese Investment in AI Sectors
Local media agencies report that the vice chancellor of Germany has proposed tightening the screening process for foreign direct investment from China in AI and other related sectors. Rober Habeck, a Greens coalition member and economic minister, stated that restrictions on Chinese foreign investment would be tightened in “critical sectors” such as semiconductors and artificial […]
Filecoin Mining Service Faces $100M Lawsuit in China
Five executives of the Filecoin mining service are being sued in the People’s Court of Pingan County, China, on charges of embezzling millions of dollars and ruining investors through an elaborate pyramid scheme. Local media reported on August 14 that a court held a public hearing on a case that could set a precedent for […]
Binance Exchange Denies Claims of $90B Crypto Trades in China
Binance has denied claims of a Wall Street Journal investigation, suggesting it has maintained operations in China despite the country’s ban on cryptocurrencies. According to the WSJ report, its correspondents and current and former Binance employees viewed “internal figures” indicating that users traded $90 billion in cryptocurrency-related assets in China in a month. In response […]
Alibaba Reportedly Integrates Meta’s AI Model Llama
Alibaba’s cloud computing service has reportedly tapped into Meta’s open-source artificial intelligence model Llama for new software development at no cost. Reuters initial report cited an official statement from Alibaba Cloud via WeChat, the cloud computing arm of the Chinese conglomerate has deployed a Llama 2-based solution that enables businesses to develop AI-based software and […]