Du Xiaoman, previously known as Baidu Finance, is a leading AI-powered financial services platform in China. It recently announced the release of 12 new financial large models (FLMs) under its “XuanYuan” series. The new models, with parameters ranging from 6B to 13B and 70B, are open-sourced and have demonstrated outstanding financial performance in a variety […]
Alibaba’s “Hui Wa”: Future of E-commerce or Mere Hype?
In the evolving landscape of digital commerce, Alibaba’s recent foray into AI-driven e-commerce with the launch of “Hui Wa” marks a significant milestone. As the digital giants of China, including Baidu and ByteDance, pave their paths in AI e-commerce, the question arises: Is AI the new frontier for e-commerce, or is it simply a buzzword? […]
Chinese Entrepreneurs Seize Early Profits from OpenAI’s Sora
Before OpenAI Sora’s public testing, a niche market emerged in China, capitalizing on the collective anxiety to be ahead in the AI curve—selling knowledge courses and speculative ventures around Sora. The introduction of OpenAI’s video model Sora in early 2024, following the stir caused by the text-to-text LLMs in 2023, showcased the relentless pace of […]
China’s AI Investment to Surge
The International Data Corporation (IDC) forecasts a global surge in artificial intelligence (AI) investments, expecting a total of $423.6 billion by 2027, with a compound annual growth rate (CAGR) of 26.9% from 2022 to 2027.
China’s Data and Analytics Market Forecast 2024
IDC’s latest forecast reveals a significant upturn in the data and analytics software market, projecting a compound annual growth rate (CAGR) of 16% to reach $340 billion by 2027. This surge underscores the accelerating enterprise drive to harness analytical insights and operational efficiency from their data. The advent of Generative AI (Gen AI) alongside the […]