China

Ant Group’s blockchain units increased registered capital to $500M
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12 July, 2024

Ant Group’s blockchain units increased registered capital to $500M

The two units that Ant Group relied on for its blockchain ventures, including its local brand AntChain, increased capital for...
China strikes deal with Kazakhstan on cross-border CBDC
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11 July, 2024

China strikes deal with Kazakhstan on cross-border CBDC

With an ambition to transform the cross-border payments ecosystem, China partners with Kazakhstan in exploring CBDCs, which comes at the...
China’s Li Qiang rallies for equality in AI innovation to ensure safe usage
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10 July, 2024

China’s Li Qiang rallies for equality in AI innovation to ensure safe usage

Moving uniformly will be critical in bridging the "intelligence gap" between developed and developing nations in terms of tech innovation...
China planned 50 new AI standards by 2026 to cover LLM training, safety, and industrial applications
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8 July, 2024

China planned 50 new AI standards by 2026 to cover LLM training, safety, and industrial applications

Chinese authorities plan to launch 50 new AI standards to encourage standardization across the ecosystem, targeting a tentative launch date...
Alibaba’s open-source LLM ranks high in Hugging Face’s top 10 AI models
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6 July, 2024

Alibaba’s open-source LLM ranks high in Hugging Face’s top 10 AI models

Alibaba’s Qwen-72B-Instruct LLM came in first place on Hugging Face's ranking with 43.02 score after rigorous testing across multiple benchmarks.
IMF: Singapore, Denmark, US most prepared for AI
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5 July, 2024

IMF: Singapore, Denmark, US most prepared for AI

The IMF has released its AI Preparedness Index, which assesses 174 countries and how ready their economies are for the...
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