China Opens Industrial Park for Digital Yuan CBDC Development
In the Jiangsu province of Nanjing, China has opened its first industrial park devoted to creating and utilizing the digital yuan, or e-CNY. The park, which has a 10 square kilometer footprint, seeks to draw over 100 businesses and organizations involved in the blockchain, big data, artificial intelligence, cloud computing, and financial technology sectors. The […]
China Sets to Build AI Chip Factory to Bypass US Sanctions
According to a South China Morning Post (SCMP) report, Chinese scientists are reportedly looking to construct artificial intelligence (AI) chip factories to circumvent local industry sanctions. Utilizing particle accelerators will facilitate the development of novel laser source production techniques. According to reports, the accelerator’s electron beam will be converted into a “high-quality” light source required […]
US and Vietnam Sign Billion-Dollar AI Chip and Tech Partnerships
To advance the artificial intelligence, semiconductor, and cloud computing industries, the U.S. and Vietnam sealed billion-dollar agreements and partnerships. According to remarks made at a joint press conference, the United States and Vietnam signed billion-dollar business agreements and partnerships on September 11 to advance cooperation in artificial intelligence (AI) and other technologies. The move is […]
Bank of China Mandates Retail Digital Yuan Payments
Using QR codes, e-commerce platforms now have the potential to include Central Bank Digital Currencies (CBDC) into their own operating systems in the near future. Changchun Mu, the Director of the Digital Currency Research Institute of the People’s Bank of China, emphasized in a speech delivered on September 3 that as China’s central bank digital […]
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 […]