On October 11, the Open Network Foundation (TON Foundation) announced its participation in a Guinness World Records-approved competition to claim the title of “world’s fastest blockchain.” The public network performance test is slated to take place on October 31, 2023, at 15:00 UTC. During this event, the blockchain network will be rigorously tested for its…
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The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems. Alibaba announced that its proprietary large language model, an artificial intelligence system called Tongyi Qianwen, will be available for public and enterprise access throughout China starting Sept. 13. Tongyi Qianwen is a ChatGPT-like large language model trained on a corpus…
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Alibaba’s cloud computing service taps Meta’s artificial intelligence model Llama to power new software development. E-commerce group Alibaba will become the first Chinese company to make use of Meta’s open-source artificial intelligence (AI) model Llama to power zero-cost development of programs. According to an initial report from Reuters which cited an official statement from Alibaba…
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NEAR Foundation, a non-profit organization responsible for developing the NEAR protocol, has partnered with Alibaba Cloud to facilitate the growth of Web3 in Asia and the Middle East. As part of the partnership, NEAR Foundation will gain access to Alibaba Cloud’s developer ecosystem across the aforementioned regions, enabling more developers to create projects on the NEAR protocol, the company revealed in a…
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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. Joe Tsai, the soon-to-be former executive vice chair of China-based technology giant Alibaba, will replace Daniel Zhang as company chair. In a June 20 announcement, Alibaba said Zhang would be stepping down…
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Alibaba has revealed its leadership transition plans, with the pro-crypto Joseph Tsai set to replace long-time chief Daniel Zhang as the new Chairman. In a Tuesday press release, the company also said that Eddie Wu, now chairman of Alibaba’s core Taobao and Tmall online commerce divisions, will take over as chief executive of the $240 billion…
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Recent days have seen new players emerge in the race for artificial intelligence, with business giants announcing AI initiatives. The artificial intelligence (AI) global race has taken on new players in the past days, with Twitter and Alibaba reportedly integrating the technology into their businesses. The Chinese giant is working on its own chatbot assistant,…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Nansen Launches Query on Google Cloud, Coinme Adds 22,000 ATMs to Cash Network, Mysten Labs Signs MOU with Alibaba Cloud, NFTs Not (Yet) Securities in Germany Read more…
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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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After founding Ant Group in 2014, Chinese billionaire Jack Ma is now ceding control of the company as part of Ant’s corporate structure changes. Chinese billionaire and Alibaba founder, Jack Ma, will no longer control the fintech giant Ant Group as part of recent changes to the company’s corporate structure. Ant Group officially announced that…
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