GenAI

New Business

Tech war in 2024: China catches up fast in AI race, but US chip curbs cast shadow

Shi Yuxiang is eager to find out what the latest artificial intelligence (AI) technology has to offer in video-making. But…

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New Business

China’s GenAI market continues to heat up as Beijing records more LLM filings

Beijing added 11 new generative artificial intelligence (GenAI) services set for public release, as the nation’s capital continues to burnish…

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New Business

HKMA picks 10 banks, 4 tech firms as Hong Kong evaluates commercial benefits of GenAI

The Hong Kong Monetary Authority has picked 10 banks and four technology partners to test more than a dozen use…

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New Business

Troubled self-driving truck firm TuSimple rebrands as CreateAI, launches AI model

Troubled autonomous truck company TuSimple Holdings has rebranded itself CreateAI, as it walks away from costly self-driving technology development and…

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New Business

Founder of Chinese AI firm DeepGlint, an early mover, steps back amid rising losses

The founder of Beijing-based artificial intelligence (AI)-based image recognition firm DeepGlint has stepped down as general manager, as the company…

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Tech

TikTok owner ByteDance hires prominent talent from start-ups in long-term commitment to AI

ByteDance, the owner of TikTok and its Chinese sibling Douyin, is furthering plans to boost its research capabilities in large…

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Tech

ByteDance’s CapCut, Doubao top global AI app downloads, outpacing ChatGPT: report

Video-editing app CapCut recorded 38.42 million downloads in July, while chatbot Doubao achieved 27.45 million downloads to outperform OpenAI’s ChatGPT,…

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Tech

Hong Kong issues generative AI guidelines to banks to avoid bias against consumers

Hong Kong’s de facto central bank is urging financial institutions in the city to follow a new set of guidelines…

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Tech

Hong Kong’s video gaming sector to get a boost from growing adoption of GenAI

“We have seen the trend that users are more willing to interact with AI, which means virtual characters are an…

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Tech

More than 600 million on mainland now use LLMs amid rapid growth in GenAI adoption: report

The tally of mainland users of commercially released LLMs shows the rapid adoption of GenAI technology in the world’s second-largest…

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