Saudi Arabia enters AI race with AceGPT launch
Saudi Arabia introduced the latest advancement in the tech space, the AceGPT, an AI system that would address issues in the Arabic language model, but experts warned of the risks of its misuse.
Latest China News
Hong Kong a bright spot in Eastern Asia’s dwindling digital asset market: Chainalysis
Once a global hotspot, Eastern Asia has dropped below its peers after China banned digital assets, but Hong Kong is a potential tailwind for the region, according to analysts at Chainalysis.
Shanghai’s 2025 blockchain plan: Web 3.0 revolution & talent growth
Shanghai sets its sights on becoming the epicenter of blockchain innovation by 2025, targeting breakthroughs in cryptography, smart contracts, and more, while nurturing a robust blockchain talent pool.
Digital yuan mobile app now accepts Visa, Mastercard top-ups for tourists
The new update will allow users of the digital yuan app to top-up via Mastercard and Visa payment options as People’s Bank of China seeks to position the CBDC to compete with other payment platforms in the country.
China builds AI chip factory following US trade restrictions
China accelerates plans for an AI semiconductor factory using particle accelerators to boost chip production and counter U.S. trade restrictions.
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 users with its upcoming open-source release.
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 20 industries.
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
Shandong province aims to become a metaverse hub, investing heavily to attract industry giants and reach a 150 billion yuan valuation by 2025.
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 the PBoC Mu Changchun eyes using it for all retail transactions.
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 currencies are not illegal items, thereby putting them under the rule of law.
Tech firms in China launch generative AI chatbots amid new legal framework
Chinese tech firms swiftly roll out artificial intelligence chatbots following new AI regulations, with Baidu's Ernie topping app store charts while others gear up for AI-themed product launches.