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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

Meet Yang Zhilin: Moonshot AI founder builds business in the mould of ByteDance, OpenAI

Yang is considered “an entrepreneur with potential”, said Cao Xi, founding partner at Hong Kong investment company Monolith Management and…

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Tech

China’s AI-related companies total 1.67 million in first half of 2024 amid ChatGPT frenzy

Mainland China added more than 237,000 new companies involved in artificial intelligence (AI) during the first half of this year,…

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Tech

Chinese AI start-up Baichuan raises US$700 million from Alibaba, Tencent, Xiaomi

Baichuan AI, one of China’s four so-called artificial intelligence (AI) tigers, raised about 5 billion yuan (US$687.6 million) in a…

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New Business

Alibaba sees AI talent depart to start own business amid China’s unicorn boom

Algorithm engineer Zhou Chang, who worked on the Tongyi Qianwen large language models (LLMs), has decided to leave Alibaba’s cloud…

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Tech

Maths test stumps AI models: which number is bigger, 9.90 or 9.11?

The wave of artificial intelligence (AI) chatbots allowed for public use in mainland China enables many users to create new…

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Tech

ByteDance, Alibaba, SenseTime lead generative AI infrastructure services market in China

GenAI refers to algorithms that can be used to create new content – including audio, code, images, text, simulations and…

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Tech

Top Chinese venture fund dismisses talk of quitting ‘dead’ market, says focus now on AI

A top Chinese venture capital (VC) firm, which has backed some of the country’s most successful technology start-ups, has dismissed…

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