Alibaba has laid off employees at its metaverse unit, Yuanjing, reflecting a broader industry trend of waning interest in metaverse projects by large Chinese corporations. Despite Layoffs, Alibaba Remains Committed to the Metaverse Chinese tech giant Alibaba has reportedly laid off dozens of employees at its metaverse unit, Yuanjing, as part of a restructuring exercise. […]
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The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI.
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The crypto-skeptic could spend 25 years behind bars should he be convicted on all 18 fraud-related charges.
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Eat your heart out Elon Musk and X.com, China’s Alipay is the real ‘everything app.’
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The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems.
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The new entity, ZAN, will help the mother company shake off its affiliations with Web3 and proceed to the IPO.
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The Chinese tech and e-commerce giant Alibaba revealed two new open-sourced AI models, Qwen-7B and Qwen-7B-Chat, to rival Meta’s recently-launched Llama 2.
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Alibaba’s cloud computing service taps Meta’s artificial intelligence model Llama to power new software development.
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The next company chair of Alibaba has backed several crypto projects through his wealth manager and tweeted he “like[s] crypto” in December 2021.
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Recent days have seen new players emerge in the race for artificial intelligence, with business giants announcing AI initiatives.
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