Alibaba CEO Eddie Wu has emphatically dismissed concerns about an artificial intelligence bubble, stating the company “doesn’t really see much of an issue in terms of a so-called AI bubble” and plans to invest “aggressively” despite warnings from Google’s Sundar Pichai about “elements of irrationality” in the booming sector.Wu told investors that Alibaba can’t keep…
Ant Group’s new “vibe coding” artificial intelligence app LingGuang has overwhelmed servers after user downloads surpassed 1 million in just four days, hitting the milestone faster than OpenAI’s ChatGPT and Sora, according to the Chinese fintech giant. The app’s innovative functionality of generating applications in response to users’ text prompts was temporarily suspended on Thursday…
China‘s state-owned defense giant Norinco in February unveiled a military vehicle capable of autonomously conducting combat-support operations at 50 kilometres per hour. It was powered by DeepSeek, the company whose artificial intelligence model is the pride of China’s tech sector. The Norinco P60’s release was touted by Communist Party officials in press statements as an…
China saw a massive uptick in generative artificial intelligence adoption in the first half of the year to 515 million users, with most of the users preferring domestic models, according to a state-run research organisation. The number of users more than doubled in the first six months of the year from the end of December…
The belief that China is a country only good at adopting technologies at scale has been a “misperception”, according to the author of The New Geography of Innovation, a recently published book that maps the rise of new tech powers around the world excluding the US. “The geography of innovation is shifting”, the book, which…
Alibaba Group Holding plans to increase its capital expenditures on artificial intelligence infrastructure from the original 380 billion yuan (US$53 billion) over the next three years, the group’s CEO said on Wednesday. Eddie Wu Yongming, also the chairman of Alibaba Cloud, said at the Apsara Conference in Hangzhou, in China’s eastern Zhejiang province, that Alibaba’s…