Baidu’s artificial intelligence (AI) chatbot Ernie Bot has attracted over 200 million users, according to company co-founder and chief executive Robin Li Yanhong, as the race to commercialise AI heats up in China.Ernie Bot reached the milestone just 13 months after its launch, with enterprise...
A Volkswagen automobile assembly plant is seen on March 20, 2024 in Chattanooga, Tennessee.Elijah Nouvelage | Getty ImagesDETROIT — Volkswagen workers in Chattanooga, Tennessee, will vote this week on whether to organize with the United Auto Workers in a key test of the union's sway.A...
The e-commerce giant could have been “more aggressive in open-source [development]” over the past year based on the gains made by Tongyi Qianwen, according to Alibaba’s Lin Junyang, who is in charge of the model’s open-source buildout, in a WeChat post published on Monday. Alibaba...
Regarding the adjustment for the banks’ outlook, Fitch said on Tuesday that the current size of China’s banking system is an important factor limiting the amount of support the central government could give to its biggest lenders.“The Chinese banking system has grown rapidly since 2008,...
“We can expect a healthy level of interest, especially with other Asian jurisdictions staying away from domestic spot bitcoin ETF issuance for now,” said Angela Ang, senior policy adviser at blockchain analytics firm TRM Labs.Spot bitcoin ETFs in the US, which were approved in January,...
The tower of the historic Boersen stock exchange collapses as the building is on fire in central Copenhagen, Denmark on April 16, 2024.Ida Marie Odgaard | Afp | Getty ImagesA fire broke out on Tuesday at Denmark's 400-year-old historic stock exchange building, engulfing its iconic...
Chinese government officials on Tuesday trumpeted the country’s progress in shaping digital development models for Belt and Road Initiative (BRI) member states, taking aim at US policies amid an intensifying rivalry with the West.In keynote addresses to the Digital Silk Road (DSR) Development Forum held...
The tie-up between Octopus and Chery comes just a month after the UK company signed a preliminary agreement with China’s BYD to buy 5,000 cars from the world’s largest electric vehicle (EV) builder over the next three years.“The fleet business in developed markets like Europe...
PricewaterhouseCoopers (PwC) has refuted a letter alleging that its partners were involved in auditing fraud tied to bankrupt Chinese developer China Evergrande Group and said it has taken measures to investigate the origins of the “false information”.The anonymous letter, titled “Who dragged PwC into the...
Hong Kong’s Hang Seng Bank has filed a winding-up petition against debt-laden developer Times China Holdings for financial obligations amounting US$266 million, sending share prices of the defaulted company plummeting.The winding-up petition was filed by Hang Seng Bank, HSBC’s subsidiary, in Hong Kong’s High Court....