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Chinese AI drives price competition among US labs
A new generation of cost-efficient, high-performance Chinese AI is putting pressure on Silicon Valley's leading labs to lower prices to grab market share as they try and find ways to turn a profit. New Chinese AI models big and small, from Moonshot AI's Kimi K3 to Alibaba's popular Qwen series, are grabbing attention as challengers to Anthropic and OpenAI's lead.
BigBasket founder's exit; Pocket FM’s reverse flip
Amazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO.
Alibaba launches AI platform for enterprises as agent craze sweeps China
Alibaba has launched Wukong, an artificial intelligence platform for businesses. This new tool aims to automate complex tasks like document editing and research. Wukong is entering China's fast-growing AI agent market. The launch follows a surge in interest for AI agent products across the country. Other major tech companies are also introducing similar offerings.
Alibaba to exceed planned AI spending and says margin is secondary
Alibaba plans to spend more than its projected 380 billion yuan on Artificial Intelligence over three years. The company reported quarterly results impacted by significant investments in AI and cloud infrastructure. Despite profit pressures, Alibaba aims for market leadership, prioritising growth over margins. Demand for AI is surging, benefiting Alibaba's Cloud Intelligence Group.
The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globally
China is rapidly adopting artificial intelligence tools. Ordinary citizens and businesses are using AI for daily tasks and work. Chinese companies are developing and commercializing AI applications. Despite US export controls, China is investing heavily in AI research and development. The nation is moving towards becoming an AI innovator.
Big Chinese tech firms scramble to secure Huawei AI chips after DeepSeek V4 launch
Amidst the growing competition in artificial intelligence, Chinese tech behemoths are racing to secure Huawei's Ascend 950 AI chips. The urgency follows the debut of DeepSeek's V4 AI model, designed to optimize Huawei's cutting-edge hardware. Giants like ByteDance, Tencent, and Alibaba are urgently sourcing new chip supplies, signaling a significant movement away from American semiconductor reliance.
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Alibaba develops next-gen chip for agentic AI, Chinese media says
The 3.2 GHz server chip, built using open-source RISC-V chip architecture, was billed as "the highest performing RISC-V CPU in the world" at a conference hosted by DAMO Academy, Alibaba's research arm, according to the reports.
Alibaba launches latest agentic AI platform with international unit's Accio Work
Alibaba is stepping up its global push in agentic AI. Its international commerce division has launched Accio Work, an AI taskforce designed for small and medium-sized businesses. This move comes as China sees a surge in agentic AI trends. Accio Work offers plug-and-play solutions for complex business operations.
Alibaba pins hopes on AI as quarterly net profit drops
Net profit plunged 66% to 15.6 billion yuan ($2.2 billion) primarily due to a "decrease in income from operations", the firm said. China's tech titans, including Alibaba, are racing to develop AI agents -- tools that execute real-life tasks such as sending emails or booking flights, touted as the technology's next frontier after text and image generators.
Alibaba Token Hub to consolidate, boost Group’s AI strategy
Alibaba Group has launched the Alibaba Token Hub (ATH), an AI-focused business division led by CEO Eddie Wu, consolidating key AI assets like Tongyi Laboratory and Qwen. This strategic shift separates AI operations from its cloud division, signaling a move towards a token-based monetization model for AI agents and digital assistants, with the recent launch of the Wukong platform.
Alibaba launches AI platform for enterprises as agent craze sweeps China
The platform, called Wukong, can coordinate multiple AI agents to handle complex business tasks including document editing, spreadsheet updates, meeting transcription and research within a single interface. It is currently available for invitation-only beta testing.
AI in 2025: 25 milestones including mega deals, bubble fears, job cuts, talent wars and more
In a transformative year, AI captured headlines with significant funding and elevated valuations for emerging startups. The existing tech behemoths strengthened their hold on the market through savvy acquisitions, intensifying the battle for top talent that drove up employee compensation but also led to considerable layoffs.
The great AI debate: Open-source vs proprietary models in global showdown
The development and regulation of AI technologies, such as chatbots, GPTs, and search engines, are causing concern and debate. Geopolitical tensions arise as open-source AI models from China compete with proprietary models from the US and EU. Data privacy laws, consumer data protection, and standardized definitions and regulations for AI are seen as essential.
Govt likely to take ‘middle path’ on crypto; Myntra leaps into live commerce
The Indian government, which is finalising legislation on cryptocurrencies for the winter session of Parliament, is likely to take the “middle path” on regulating these assets, one that “balances the concerns of all stakeholders,” a source told us.
Exclusive interview with Snap CEO; Paytm IPO opens Nov 8
In an exclusive interview, Snap Inc CEO Evan Spiegel told us the reasons for Snap’s resurrection, the secrets of its success in India, and what he really thinks of Facebook.
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