Chinese AI companies have been investing heavily to develop and promote their agentic services. In mid-February, ahead of the celebrations, Alibaba, an e-commerce giant, and ByteDance, which controls TikTok and its local sister-app, Douyin, both launched upgrades to their chatbots that allow these to perform various tasks on behalf of users. More than 100m beverages…
The Pentagon added some of the biggest Chinese firms, including Alibaba, BYD, and Baidu, to a list of companies accused of supporting China’s military, a move that triggered a sell-off across the shares of the affected listed companies. However, the list was later quietly withdrawn by US authorities without any official explanation, raising several questions…
Alibaba’s artificial intelligence chatbot Qwen has temporarily stopped issuing coupons due to customer overload, hampering a new campaign to promote the tool’s capabilities beyond simply answering questions to assist shopping. Qwen began offering coupons to users on Friday that allow for in-app purchases from Alibaba-owned retail platforms using chatbot prompts alone. The initiative is the…
Alibaba Chief Executive Eddie Wu has forcefully dismissed market fears regarding an artificial intelligence (AI) bubble. Wu stated that the company “doesn’t really see much of an issue in terms of a so-called AI bubble” and plans to invest aggressively in the sector, despite recent warnings from Google CEO Sundar Pichai about “elements of irrationality”…
