artificial intelligence Tag

16 Apr Alibaba strengthens commitment to open-source development of AI models amid debate over this strategy

Posted at 11:30h in Asia

The e-commerce giant could have been “more aggressive in open-source [development]” over the past year based on the gains made by Tongyi Qianwen, according to Alibaba’s Lin Junyang, who is in charge of the model’s open-source buildout, in a WeChat post published on Monday. Alibaba...

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15 Apr US grants Samsung up to US$6.4 billion in funding to produce advanced chips in Texas

Posted at 13:20h in Asia

“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science Act,” said a statement published by the Commerce Department.A general view of Samsung Electronics’ semiconductor...

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13 Apr Generative AI takes centre stage at twin Hong Kong tech fairs, as government-backed research centre debuts

Posted at 13:15h in Asia

The projects are based on the centre’s “independently trained” large language model, which supports both Chinese and English languages, according to the exhibitor.It is Hong Kong’s first locally developed foundation model, signifying “a breakthrough in AI innovation”, said Guo Yike, Hong Kong University of Science...

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13 Apr Alibaba, navigating sea change, reorients business towards bread-and-butter e-commerce and AI, pares down overhaul

Posted at 02:00h in Asia

By March 2023, Alibaba had lost three quarters of its value from the peak in October 2020, as the e-commerce giant, once seen as China’s answer to Amazon.com, faces questions on whether it can recapture its former glory while dealing with China’s economic slowdown, regulatory...

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12 Apr Amazon adds AI expert Andrew Ng, Google Brain founder and Baidu alumnus, to its board

Posted at 03:20h in Asia

Amazon.com is adding artificial intelligence visionary Andrew Ng to its board of directors, a move that comes amid intense AI competition among start-ups and big technology companies.The Seattle company said Thursday that Ng, a managing director at the Palo Alto, California-based AI Fund, will replace...

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11 Apr iPhone maker Foxconn considers rotating CEOs in management reshuffle similar to Huawei, sources say

Posted at 03:25h in Asia

Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters.For companies around the world, the rotating chief executive structure is uncommon, but analysts...

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08 Apr HSBC summit: idea that China is ‘uninvestible’ is ‘shallow and lazy’, Primavera Capital’s Fred Hu tells panel

Posted at 11:36h in Asia

The world’s second-largest economy is still the single-biggest contributor to global gross domestic product growth, and the size and scale of its industries is still huge, he told a panel called “The new China playbook, China by numbers”.“Any global investor who seeks to build a...

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08 Apr Alibaba Cloud cuts prices again, this time for international customers as AI generates surging demand

Posted at 11:30h in Asia

Alibaba Group Holding’s cloud computing unit has slashed prices for international customers by up to 59 per cent, as the tech giant fights to woo users amid a global race for computing resources driven by rapid artificial intelligence (AI) development.The international cloud business of Alibaba,...

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08 Apr Chinese tech giant Lenovo targets US$16 billion in sales of new AI-powered computers, smartphones via e-commerce partner JD.com

Posted at 09:00h in Asia

The two Hong Kong-listed partners are targeting 120 billion yuan (US$16.6 billion) in sales over the 2024-2026 period via JD.com’s online and offline channels, covering Lenovo’s next-generation AI PCs, AI-powered smartphones, tablets and other “AI-oriented infrastructure such as servers”, according to a statement published on...

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07 Apr Who’s the new Nvidia? Wall Street hunts for next wave of AI winners beyond the US

Posted at 15:20h in Asia

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options. Source link ...

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