GenAI

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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New Business

Chinese Big Tech to see big AI gains in social, educational and office use, report says

Artificial intelligence (AI) adoption is primarily benefiting users in three areas – social and entertainment, education, and office collaboration –…

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Tech

Mercedes-Benz teams up with TikTok owner ByteDance on AI technology for in-car systems

Mercedes-Benz teams up with TikTok owner ByteDance on AI technology for in-car systems Mercedes-Benz has struck a partnership with the…

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