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AI: Industry Trends

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AI: Industry Trends
Explore cutting-edge AI developments in China that are transforming various industries and reshaping the future.
last updated:
12 December, 2024
ByteDance’s ChatGPT-like Doubao bot has emerged as the most popular AI app for Chinese consumers. Photo: Simon Song
Artificial intelligence

China’s most popular AI app gets facelift with ByteDance’s Doubao 1.5

The closed-source model bested leading models from OpenAI, Anthropic and Alibaba in some benchmark tests.

US-China tech war

Nvidia CEO concludes whirlwind Taiwan tour after key meetings

Artificial intelligence

AI-driven drug discovery aided by Greater Bay Area integration, firm says

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Semiconductors

Cambricon, China’s answer to Nvidia, predicts first quarterly profit

The Chinese investors’ darling of 2024 is one of the nation’s best hopes in developing home-grown advanced graphics processors.

Cambricon Technologies predicted its first-ever quarterly profit. Photo: Handout
US-China tech war

Chinese boss in American Factory approved to launch university

A new institution proposed by Fuyao Glass founder and chairman Cao Dewang has received approval from China’s Education Ministry.

Artificial intelligence

China’s AI disrupter DeepSeek bets on ‘young geniuses’ to take on US giants

DeepSeek prefers to hire new graduates, or those early in their AI career, in line with the company’s preference for ability over experience.

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ByteDance

TikTok parent ByteDance denies its algorithms create filter bubbles

Douyin is motivated to break information cocoons because that helps retain users in the long run, executive says.

A ByteDance executive argues that the company’s algorithms do not lead to filter bubbles. Photo: Reuters
Banking & finance

Hongkongers’ start-up eyes 100,000 investment pros as AI tool users

Arbor’s ‘reasoning’ chatbot analyses text and extracts investment ideas to enhance fundamental stock analysis, company says.

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US-China tech war

Chinese exhibitors are back at CES 2025 despite US tech tensions

While Chinese companies comprise over a quarter of registered exhibitors, many tech giants are notably absent.

Metaverse

Alibaba deepens push into AI smart glasses

A new partnership will see Alibaba Cloud develop customised AI models for RayNeo products, the companies say.

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AR glasses developer RayNeo has struck a partnership with Alibaba Cloud. Photo: Handout
Artificial intelligence

Alibaba ties up with Lee Kai-fu’s unicorn as AI sector consolidates

Alibaba Cloud signs a deal with start-up 01.AI to develop AI model solutions for business clients.

Alibaba Cloud is collaborating with 01.AI to build business-focused large models. Photo: Handout
Artificial intelligence

Chinese AI firm SenseTime reduces office space in Singapore

The retreat underscores the competition faced by SenseTime in a new AI era, and the changing fortunes of Singapore’s prime office market.

Artificial intelligence

Baidu’s Robin Li predicts ‘exponential’ boom in AI apps in 2025

Baidu’s investments in AI are expected to generate returns this year, the CEO writes in a message to staff.

Artificial intelligence

China catches up fast in AI race, but US chip curbs cast shadow

Abundant investment and an open-source approach have pushed China to the AI forefront, but a lack of advanced chips may prove devastating.

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Will US chip curbs derail China’s AI ambitions? Illustration: Davies Christian Surya
Artificial intelligence

China’s tech push: Shanghai aims to be global medical AI hub by 2027

Despite US export curbs on advanced chips, China’s financial powerhouse is betting big on medical AI.

Shanghai aims to transform itself into a global medical AI hub by 2027. Photo: Reuters
Artificial intelligence

Tesla rival Li Auto wants to expand into an AI and robot company

The premium EV maker aims to produce humanoid robots after achieving level-4 autonomous driving, CEO Li Xiang says.

Artificial intelligence

A Hong Kong AI model is accurately identifying eye conditions at high rates

The open-source VisionFM model from the Chinese University of Hong Kong is comparable to doctors at diagnosing ophthalmic diseases, paper finds.

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Artificial intelligence

The ‘AI Olympics’ gets new hurdles in Canada as US-China tech war plays out

Chinese researchers and companies such as ByteDance made up a greater share of the 37-year-old AI conference this year, but some could not secure visas.

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The 37-year-old NeurIPS conference has taken on greater significance since the launch of ChatGPT spurred greater investment in generative artificial intelligence. Photo: AFP
Artificial intelligence

Chinese-owned Character.ai rival vanishes from US App Store

Talkie, a popular AI companion app developed by Shanghai start-up MiniMax, has been removed from Apple’s store in the US.

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Artificial intelligence

Shenzhen showers AI companies, workers with cash to boost local industry

Municipal government issues a slew of new policies including tens of millions of dollars in subsidies to promote AI development.

Banking & finance

HKMA picks 10 banks, 4 tech firms to test GenAI usage in financial sector

Participants will be onboarded to a platform of an AI supercomputing centre operated by Cyberport, with technical trials expected to begin early next year.

Technical trials og GenAI applicaitons are expected to begin early next year.Photo: Xinhua
Alibaba

Alibaba splits AI team to sharpen consumer and business focus

It follows similar moves by ByteDance and Baidu, which have divided their AI research and application teams to tackle a competitive market.

Alibaba is reportedly splitting up its generative AI team. Photo: EPA-EFE
Artificial intelligence

From autonomous driving to GenAI: TuSimple shifts gears as founders quarrel

Once a rising star in autonomous driving, TuSimple has announced a rebranding as it pursues AI-generated video content after ousting its CEO.

Science

China urges schools to teach AI as tech war and ChatGPT drive demand for talent

Beijing sets goals as primary and secondary schools adopt artificial intelligence curriculum, but some parents question quality of courses.

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Semiconductors

Exclusive | US to cap countries’ advanced chip access, with China in sights: sources

In a second escalation of chip restrictions this month, the US is planning to close sourcing loopholes through third-party countries, sources say.

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As the US has sought to curb China’s access to advanced semiconductors, the smuggling trade for these chips has grown. Photo: Shutterstock
Artificial intelligence

Chinese AI start-up Baichuan loses co-founder in latest industry shake-up

The departure of Hong Tao, who was pivotal to early monetisation efforts, comes after high-level departures at rival start-ups such as 01.AI and Moonshot AI.

China’s artificial intelligence start-ups have gone through some high-level changes this year as the domestic market deals with saturation and increased competition. Photo: Reuters
Artificial intelligence

Chinese facial recognition pioneer SenseTime pivots to GenAI

The company hopes to ‘better address the opportunities as well as challenges brought about by the AI 2.0 era’.

Tencent

Tencent launches its answer to OpenAI’s Sora text-to-video tool

HunyuanVideo is available for free to enterprise and individual users.

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