Alibaba’s Massive Investment in AI: Introducing the New Open-Source AI Model Alibaba, the Chinese multinational technology conglomerate, is making significant waves in the tech industry with its latest announcement of investing a whopping 380 billion yuan ($52 billion) over the next three years in cloud computing and AI development. This substantial investment underscores Alibaba’s commitment […]
ByteDance boosts AI spending to strengthen global presence
ByteDance Bolsters Global Presence Through Increased AI Investments ByteDance, the Chinese tech giant behind popular apps like TikTok and Toutiao, is ramping up its efforts to solidify its global presence by investing heavily in artificial intelligence (AI) technology. Despite facing geopolitical challenges, ByteDance is determined to stay ahead of the curve and maintain its competitive […]