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Huawei, Alibaba among companies seeking Chinese generative AI approvals
Economic Times
ยท
1y ago
Medial
China's cyberspace regulator has received 110 applications from Chinese technology companies such as Huawei and Alibaba for approvals related to their generative artificial intelligence (AI) models and products, it said on Friday.
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Chinese AI firm MiniMax targets $4 billion-plus valuation in Hong Kong IPO, sources say - The Economic Times
Economic Times
ยท
6h ago
Medial
Chinese AI startup MiniMax is planning a Hong Kong IPO, aiming for a valuation over $4 billion and potentially raising up to $637 million. Supported by major investors like Alibaba and Tencent, MiniMax is among China's first generative AI firms to seek a listing during increased investor interest in AI. Founded in 2022 by former SenseTime executive Yan Junjie, MiniMax develops various AI models and has served millions worldwide, with sponsorship from China International Capital Corp and UBS.
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US lawmakers angry after Huawei unveils laptop with new Intel AI chip
Economic Times
ยท
1y ago
Medial
Republican lawmakers in the US criticized the Biden administration for allowing Huawei, a Chinese telecoms equipment company under US trade restrictions, to unveil a new laptop powered by Intel's AI chip. Huawei has been on a trade restriction list since 2019, requiring US suppliers to obtain a special license to ship to the company. While some had expected the license allowing Intel to ship processors to Huawei for laptops would expire, the unveiling of the new laptop suggests that the Commerce Department approved shipments of the new chip. Republican representatives expressed concern about national security, urging the approvals to stop.
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As China's AI 'war of a hundred models' gains pace, investors warn of a shakeout
Economic Times
ยท
1y ago
Medial
China's AI industry is experiencing a boom of product announcements amid the growing demand for generative artificial intelligence. However, investors are cautioning about an impending shakeout as cost pressures and profit challenges arise. China now has 130 large language models (LLMs), accounting for 40% of the global total. Players like Tencent, Baidu, Alibaba, and Huawei are promoting their offerings, while investors anticipate consolidation and a price war as companies vie for market share. Only the strongest players are predicted to survive, with analysts expecting a reduction in capacities and intensification of competition in the next months.
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Alibaba leads record $1 billion investment in Chinese AI firm Moonshot
Economic Times
ยท
1y ago
Medial
Alibaba Group has led a $1 billion funding round for Chinese artificial intelligence (AI) startup Moonshot AI, boosting the firm's valuation to around $2.5 billion. Moonshot AI, founded in March 2023, aims to develop generative AI technology to compete with OpenAI and Google. This investment is part of Alibaba's strategy to invest in game-changing technologies like AI while reviving its business amid regulatory scrutiny and an economic downturn. Despite concerns about US sanctions on Chinese AI firms, venture capital investment in the sector remains strong.
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Chinese AI firms woo OpenAI users as US company plans API restrictions
Economic Times
ยท
1y ago
Medial
Chinese AI companies are responding to reports that OpenAI plans to restrict access to its technology in China and other countries. OpenAI's decision to block access to its technology for entities in China has led to Chinese startups looking for alternatives. In response, Baidu, Alibaba Cloud, and Zhipu AI have announced programs offering free migration services and tokens to OpenAI API users. Chinese companies have been actively developing their own AI models and chatbots to compensate for the potential limitations imposed by OpenAI.
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US has no evidence Huawei can produce advanced smartphones in large volumes
Economic Times
ยท
1y ago
Medial
US Commerce Secretary Gina Raimondo stated that there is no evidence that Chinese manufacturer Huawei can produce smartphones with advanced chips in large volumes, referring to an advanced chip in the Mate 60 Pro. The Commerce Department is investigating the chip's violation of trade restrictions, and some Republicans believe all technology exports to Huawei and SMIC should be ceased. The US government is actively seeking more information about the Huawei chip.
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China is quickly eroding Americaโs lead in the global AI race
Livemint
ยท
14d ago
Medial
Chinese companies are rapidly challenging America's dominance in the global AI sector by developing popular large language models. Institutions worldwide, including banks and universities in Europe, the Middle East, Africa, and Asia, are increasingly opting for AI solutions from Chinese firms like DeepSeek and Alibaba over American alternatives like ChatGPT. This trend indicates a shift in the global AI landscape, with China closing the gap and intensifying competition in AI technology development.
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Huawei just retasked a factory to prioritize AI over its bestselling phone
The Verge
ยท
1y ago
Medial
According to Reuters, Huawei will focus on increasing production of its AI chip, the Ascend 910B, over its Mate 60 phones at one facility. The move comes as demand for Ascend chips, used for training AI models, grows domestically. With this decision, Huawei aims to improve the number of usable and sellable chips, while also showcasing the company's bet on the importance of AI. Chinese AI companies have struggled to access sought-after AI chips due to US export restrictions, leading to a greater reliance on domestic alternatives such as Huawei's Ascend 910B chip.
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China's Huawei and Amazon in patent licencing agreement
Economic Times
ยท
1y ago
Medial
Chinese tech company Huawei and US tech giant Amazon have signed a patent licensing deal to resolve their litigation issues. While the specific terms of the agreement were not disclosed, Huawei confirmed that it has dropped all lawsuits against Amazon relating to patented technology for WiFi and video playback. This deal is significant as it demonstrates that American and Chinese companies can work together in areas like patent licensing despite the ongoing tensions between the two nations. Additionally, Huawei has signed a cross-licensing patent deal with Chinese smartphone manufacturer Vivo, as well as similar agreements with Xiaomi and Oppo.
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Billionaire investor Ryan Cohen boosts stake in Alibaba to $1 billion: report
Economic Times
ยท
4m ago
Medial
Billionaire investor Ryan Cohen has increased his stake in Alibaba Group to approximately $1 billion, equating to about 7 million shares. Cohen had initially invested several hundred million dollars earlier in 2023, urging Alibaba to enhance share buybacks. Recently, Chinese tech stocks, including Alibaba, have surged due to developments like the rise of AI startup DeepSeek and positive signals from President Xi Jinping. Alibaba is set to invest further in e-commerce and AI-driven cloud computing, reporting strong quarterly earnings.
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