Although the game between AlphaGo AI and legendary chess master Lee Sedol ended over a month ago, the event’s influence is opening doors for companies seeking to explain the significance of AI technology. Fu Sheng, CEO Cheetah Mobile who predicted Lee would win the game, is one of them. At the company’s global media conference held Tuesday, […]
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Apple’s Greater China Sales Fall By Over A Quarter
In an October 2015 earnings call Apple Inc. CEO Tim Cook said that if he turned off his television and shut off the web he “wouldn’t know there were any economic issues at all in China.” Today, Mr. Cook wouldn’t be able to avoid knowing the effects of Asia’s market and monetary issues if he lived in a […]
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Ant Financial Raises $4.5 Billion For Rural And International Expansion
Ant Financial Services Group, the financial affiliate of e-commerce titan Alibaba, announced today the completion of a US$4.5 billion series B financing. The funding size is astounding, as the company claims it to be the largest-ever individual private tech investment globally. Unsurprisingly, the investor list is long and consists of big names, including consortiums led by China […]
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Lei Jun Leaks Mi Band 2，Mi Max Ahead Of Official Debut
Lei Jun, the tech entrepreneur and marketing expert behind Chinese smartphone maker Xiaomi, “accidentally” leaked what looks like the company’s next-generation fitness tracker, the Mi Band 2 and smartphone Mi Max, yesterday when live streaming an event through Xiaomi’s video streaming app. Xiaomi’s first fitness tracker, Mi Band 1, has enjoyed some successes thanks to handy […]
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China To Honor 100 Years of Communist Rule By Landing On Mars In 2021
During China’s first ‘Space Day’ last Friday, the country’s National Space Administration (CNSA) announced its plans to launch a Mars mission probe in 2020, slating the probe’s ETA on the red planet for 2021, the 100-year anniversary of the Communist Party of China. “We are working on a tight engineering timeline, hoping to launch our Mars probe in […]
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Baidu Announces New Autonomous Car Team In Silicon Valley
Chinese search engine Baidu Inc. announced on Friday the formation of a team in Silicon Valley focused on R&D for autonomous cars. The team will be part of Baidu’s newly-created Autonomous Driving Unit (ADU). With the announcement, Silicon Valley becomes Baidu’s home turf for both their self-driving car team and Baidu Research’s Silicon Valley AI Lab (SVAIL). Baidu has […]
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GOME, Amazon Enter Strategic Partnership To Push O2O Shopping
China’s electronics appliance maker GOME and Amazon have entered a strategic partnership, they announced last week. As a top home appliance retailer in China, GOME operates 1,800 offline stores across more than 400 cities in China. Its offline and logistics resources will allow Amazon to upgrade their logistics services, especially into lower- tier cities. The offline […]
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LeEco CEO Jia Yueting Takes Aim At “Outdated” Car Manufacturers, US Tech Giants
LeEco’s auto projects are extremely ambitious. The company hopes to squeeze five years of vehicle development into three to release their electric Aston Martin super car by 2018, at the same time they are racing to release their own consumer vehicles with a view to surpass Tesla. They are goals that CEO Jia Yueting isn’t afraid to rub in […]
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Chinese Universities Turn To Tech Companies To Prep Their Students For The Real World
As China’s tech scene continues to evolve at a rapid pace, Chinese universities struggle to prepare their students for the world outside of the classroom. “We need to reduce the gap between the theories and concepts taught in class and the expectations and realities of the corporate world,” says Jianwei Jiang, the Vice Director of “the Office of […]
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Alibaba’s Artificial Intelligence Will Be Able To Tell How Angry You Are
Alibaba has invested some serious dollars in their AI program, and as an e-retail platform it’s no surprise that cranky customers are one of their top concerns. The company is now using audio speech recognition to guess just how angry a customer is over anything from a botched product to a bungled order. “Speech recognition […]