Baidu to Benefit by Launch Ernie Bot
Leading Chinese Internet search provider Baidu may benefit significantly from the earlier-than-expected launch of an AI-based chatbot Ernie, which is similar to OpenAI’s ChatGPT.
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Alibaba Cloud Eyes Private Round to Raise Funds from Chinese State-Owned Enterprises
The media, citing knowledgeable persons, reported that the cloud unit of Alibaba Group Holding is currently exploring the possibility of conducting a private round of financing to raise funds from Chinese state-owned enterprises.
China Reportedly Seeks Money to Drive Chipmaking
The media, citing persons who provided information on condition of anonymity, reported that China is currently seeking to raise funds in the amount of more than $40 billion to create a kind of investment base for the development of the local industry sector specializing in the production of chips and research in the relevant sphere.
Baidu Reportedly to Get China Approval for AI Models
The media reported that this week China will approve the first batch of generating artificial intelligence services for public implementation.
China Fines US Firm Mintz Group
China has fined the American company Mintz Group, which specializes in corporate legal expertise.
China Aims to Expand Government Control To Metaverse
China is reportedly looking to implement a system with digital IDs and real-world punishments for actions in the Metaverse
China’s Evergrande Group Files for Bankruptcy in New York
Evergrande Group, at one time the second-largest real estate developer in China, filed for bankruptcy in New York.
China’s Internet Regulator Discusses New Data-Security Rules With Foreign Firms
The Chinese Internet regulator is discussing options for applying new data security rules with foreign companies, including Walmart.
Tencent Plans to Unveil AI Model
Tencent has been testing a proprietary AI model internally across different business segments, including advertising and fintech.
JPMorgan Сhanges Default Forecast for Emerging Markets
JPMorgan has made changes to the forecast for high-yield corporate default in global emerging markets, increasing the level of probability of this scenario.
USA to Restrict Investments in Chinese Technology Sector
The administration of US President Joe Biden last Wednesday, August 9, announced its intention to introduce restrictive measures concerning the investment of American venture capital, private companies, and joint ventures in the Chinese technology sector.
Chinese Export Declines Most in Last Three Years
By the end of July, China recorded a sharper reduction in import and export indicators compared to initial expectations.
China’s Central Bank Calls On Financial Sector to Help Fund Technology Research
The Central Bank of China has appealed to the local financial sector to provide material support, in this case, it means providing money, in conducting research in the area of technology and implementing mergers and acquisitions.
Top China Mutual Fund Bets on AI Stocks for Recovery
China’s most highly performing mutual fund, Soochow Mobile, is currently preparing for the recovery of onshore shares.
China Publishes Final Version of Rules for Use of Generative AI
The Chinese authorities have published a list of operating principles for generative artificial intelligence services.
Apple Launches Online Store on China’s WeChat App
Apple has launched an online store in the Chinese WeChat app.
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