Former OpenAI CEO Sam Altman has reportedly agreed to a position with Microsoft while Nvidia reaps the benefits of big tech’s scramble to build a better chatbot.
Category: tencent
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Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China
The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems.
Tencent unveils ChatGPT rival in China amid continuing US AI chip ban
Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China.
Tencent-backed Everledger collapses amid lack of funding: Report
Everledger was quietly placed into insolvency after it didn’t manage to materialize its planned funding round from an undisclosed investor.
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China’s Wechat Adds Support for Digital Yuan Payments
Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the People’s Bank of China. Wechat Pay Follows Alipay in Integrating Payments With Digital Yuan The […]
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Tencent to Offer Metaverse-Building Services for Asian Markets
Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering with its new “metaverse-in-a-box” proposal, which aims to facilitate the task of building virtual worlds for third-party companies. Tencent to Focus on Offering Metaverse Tools to […]
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Tencent Cloud signs multiple collaboration agreements with blockchain firms
The Chinese internet giant is launching new Web 3.0 solutions including a Metaverse-in-a-Box product and blockchain API services.
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Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions
According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff adjustments, amidst rumors of hundreds of layoffs in its extended reality division, while Bytedance is also planning to cut staff in Pico, its metaverse […]
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Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of its operations by 2025. Zhejiang Presents Metaverse […]
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Web3 Metaverse Company Hadean Raises $30 Million in Series A Funding Round Backed by Epic Games and Tencent
Hadean, a company using computing to scale virtual and metaverse worlds, has successfully closed its Series A funding round, raising $30 million. Among the companies that invested were gaming giant Epic Games and Chinese entertainment behemoth Tencent. Hadean aims to keep developing its metaverse-scaling infrastructure and software. Hadean Closes $30M Series A Funding Round Hadean, […]
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