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New AI battle adopts old price war strategy as Chinese tech giants keep start-ups at bay behind the Great Firewall

The price of AI services in China plummeted in May after ByteDance kicked off a price war by pricing access to its LLMs at 99.8 per cent below GPT-4.

United statesWang shengZhao chongT ai chungYou yangLee kai fuXu liRobin li yanhongLe couedicAlain le couedicTongyi qianwen qwenYan lijieStanford universitySouth china morning postInnoangel fundNational university of singapore

Alibaba emerges as major backer of high-flying Chinese start-up Moonshot AI

Alibaba emerges as major backer of high-flying Chinese start-up Moonshot AI
scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.

Eddie wu yongmingTongyi qianwenTencent holdingsSouth china morning postSan francisco basedBeijing based baichuanShanghai based minimaxShenzhen based tencentJoe tsai

Nation ranks 2nd for new unicorns in 23

Nation ranks 2nd for new unicorns in 23
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.

Macau generalRupert hoogewerfGuangdong hong kongHurun research instituteCanton towerUnited stateBeijing based moonshotShanghai based minimaxGuangzhou annual investment conferenceGuangdong hong kong macao greater bay area

Where does India stand on the global unicorn list?

Where does India stand on the global unicorn list?
firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.

United kingdomUnited statesRupert hoogewerfAnas rahman junaidHurun global unicorn indexHurun indiaBay areaBusiness todayHurun reportElon muskBeijing based moonshotShanghai based minimaxAtlanta based onetrustUnited kingdom based graphcoreIndia based glance

Labor market benefits from robust services sector in Q1

China’s job market has been boosted by a robust rebound in services consumption as well as the rise of artificial intelligence (AI) in the first quarter, industry reports showed.

Li changanZhilian zhaopinNational bureau of statisticsNortheast chinaLiaoning provinceGlobal timesNational bureauChina open economy studiesInternational businessBeijing based moonshotShanghai based minimaxChina s