Chinese AI Startup Moonshot Raises $1 Billion with $2.5 Billion Valuation
The company was founded less than a year ago (march 2023) by 31-year-old AI luminary Yang Zhilin, a Carnegie Mellon PhD graduate formerly with Google Brain and Meta AI.
China
A curation of the most important developments in AI and robotics coming out of China.
Beware: Multi-National Company Loses HK$200 Million in Elaborate Deepfake Scam
Posing as headquarters executives, they convinced the Hong Kong employees to make a series of large money transfers, claiming it was for a confidential corporate transaction.
China Approves 14 New AI Models for Commercial Use
This latest batch of approvals covers more specialized models catered to individual sectors compared to previous general-purpose AI systems.
Zhipu AI Unveils Next-Gen Foundation Model GLM-4, Claims Performance Comparable to GPT-4
GLM-4 supports a context length of 128k tokens (equivalent to about 300 pages of text), and the ability to maintain almost 100% accuracy even with extensive text lengths.
Chinese Startup DeepSeek Unveils Impressive New Open Source AI Models
DeepSeek LLM's 67B Base version has demonstrated superior performance compared to the Llama2 70B Base, particularly in areas like reasoning, coding, math, and Chinese comprehension.
Alibaba Pilots Commerce-Focused AI Suite for its International Market
The pilot includes testing over 15 Aidge APIs with software partners. These span key commerce areas like consumer insights, content localization, marketing, design, and customer service.
Chinese AI Startup 01.AI Reaches Unicorn Status with Open-Source Model Yi-34B
The brainchild of renowned computer scientist Kai-Fu Lee, 01.AI aims to develop AI systems tailored for the Chinese market.
Alibaba Cloud Unveils Tongyi Qianwen 2.0 and Industry-Specific AI Models
The new model demonstrates remarkable capabilities in understanding complex instructions, copywriting, reasoning, memorizing, and preventing hallucinations.
Baichuan Intelligent Unveils Baichuan2-192K Claiming New Breakthrough with Longest Context Model
The model can process around 350,000 Chinese characters at once. This vastly exceeds the previous benchmark of 75,000 English words set by Anthropic's Claude2 model earlier this year.
Chinese Tech Giants Bet Big on AI Startup Zhipu in Heated Race With the US
The substantial funding from Chinese tech stalwarts reflects their eagerness to cultivate domestic alternatives at a time when advanced US AI firms are increasingly out of reach.
U.S. Announces New Restrictions on China's Access to Advanced A.I. Chips
The rules expand on export controls first imposed in October 2022 and represent the latest move in an escalating tech standoff between the two superpowers.
Chinese AI Startup Baichuan Joins Unicorn Club with $300 Million Funding from Alibaba, Tencent and Xiaomi
The fresh influx of capital sets a new record for the fastest rise to unicorn status among Chinese startups.
China Seeks Stricter Oversight of Generative AI with Proposed Data and Model Regulations
By emphasizing corpus safety, model security, and rigorous assessment, the regulation intends to ensure that the rise of AI in China is both innovative and secure—all while upholding its socialist principles.
Alibaba Releases New Generative AI Capable of Complex Image Understanding and Dialog
The new models represent a significant step forward for multimodal AI that can process both visual and textual data in English and Chinese.
Baidu Unveils ERNIE Bot Updates and Major AI Advancements at Wave Summit 2023
The ERNIE Bot plugins, combined with the release of an array of innovative AI solutions underscore Baidu's pole position in pioneering AI advancement in China.
China's Tech Giants Rush to Buy $5B NVIDIA Chips for AI Ambitions
Baidu, ByteDance, Tencent and Alibaba are aggressively stockpiling GPUs in light of tighter U.S. export controls.
China Issues Rules for Generative AI, Mandating Adherence to 'Socialist Values'
With the new rules, China seeks to strike a balance between advancing their AI capabilities while maintaining rigid ideological control.
China's Baichuan Intelligent Technology Unveils Open-Source 13B Parameter Large Language Model
The model has set a new benchmark, outstripping Meta's LLaMa-13B by a substantial 40% in training data volume.