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China

Alibaba takes on ChatGPT, Bard with Tongyi Qianwen AI launch
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17 September, 2023

Alibaba takes on ChatGPT, Bard with Tongyi Qianwen AI launch

Alibaba's Tongyi Qianwen AI model, with 7 billion parameters, challenges ChatGPT and Bard, aiming to empower enterprises and attract diverse...
ChatGPT rival? Tencent launches Hunyuan AI model amid US chip ban
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15 September, 2023

ChatGPT rival? Tencent launches Hunyuan AI model amid US chip ban

Tencent is adopting a Model-as-a-Service (MaaS) in its latest offering, with Hunyuan providing enterprises with well over 40 solutions in...
Baidu announces 70 new AI models in China amid new regulations
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14 September, 2023

Baidu announces 70 new AI models in China amid new regulations

Baidu is launching 70 AI models in response to new Chinese regulations, focusing on generative AI and large language models.
China’s Shandong province aims for $20B metaverse valuation by 2025
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12 September, 2023

China’s Shandong province aims for $20B metaverse valuation by 2025

Shandong province aims to become a metaverse hub, investing heavily to attract industry giants and reach a 150 billion yuan...
People’s Bank of China to use digital yuan for retail CBDC transactions
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9 September, 2023

People’s Bank of China to use digital yuan for retail CBDC transactions

As digital renminbi uses the latest network and mobile payment technology, the director of the Digital Currency Research Institute of...
Digital assets recognized as legal property in China
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6 September, 2023

Digital assets recognized as legal property in China

While whether digital assets are subject to property rights is being debated, a court in China has ruled that digital...
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