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Tag Archives: tencent

Infura Network Partners with Microsoft and Other Top Tech Firms to Create Decentralized Web3 Infrastructure

Andrew Breslin clarified that the idea was more about the numbers than the big-name firms that it appears Infura had targetted. Infura, the Web3 infrastructure firm from Consensys, has just entered into multiple partnerships with Microsoft and Tencent. The move, which appears to be in line with its vision of achieving progressive decentralization, also saw it tap 16 other Web2 giants alongside the leading technology giants. Infura to Launch a DIN Infura announced the partnership during a...

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Chinese AI Startup Zhipu Secures $342M in Funding from Alibaba, Tencent

Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (HKG: 0700). HongShan, the former Sequoia China along with food delivery leader Meituan joined the recent funding round....

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Baidu Claims Its Latest Ernie AI Model Is ‘On Par’ with GPT-4

The tech giant also announced that the latest version of ERNIE has been integrated into its suite of services. Chinese technology company Baidu has unveiled the latest version of its generative artificial intelligence (AI) model ERNIE 4.0. The company claims that ERNIE 4.0’s capabilities now match those of OpenAI’s GTP-4 model. The upgrade was announced on Tuesday by Baidu Co-Founder and  CEO Robin Li Yanhong at the Baidu World 2023 conference in Beijing. Li’s presentation highlighted the...

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Enflame Technology Secures $273.7M in Funding Supported by Tencent and Shanghai Investors

Enflame, a company that was founded in March 2018, has already made significant strides in AI chip manufacturing. The company’s cloud chips have found applications in diverse sectors, including education, smart cities, and scientific research. Enflame Technology, a Chinese tech company specializing in artificial intelligence (AI) chip development, has announced the successful completion of its Series D funding round, raising an impressive 2 billion yuan (approximately $273.7 million). This...

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Tencent Unveils ‘Hunyuan’ AI Model for Business Use

Tencent’s announcement closely follows a host of AI-powered applications revealed by Baidu, another tech giant in China. Chinese tech giant Tencent Holdings Ltd (HKG: 0700) is set to launch its cutting-edge AI model, “Hunyuan”, for business applications. This announcement was made by Dowson Tong, CEO of the cloud and smart industries group at Tencent, in an exclusive interview with CNBC ahead of the company’s annual summit. The unveiling of Hunyuan comes at a time when Artificial...

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Tencent and Ant Group Open Up Mobile Payments to Foreigners in China

The latest announcement means that Tencent and Ant want to allow visitors to make payments with different vendors in China. Foreigners can now easily pay for goods and services in China as payment giants Tencent and Ant Group said users can directly link international credit cards to their platforms. Therefore, tourists can connect their pay via the two dominant mobile pay apps- Tencent’s WeChat Pay and Ant Group’s Alipay. Over the years, China’s payment system has kept credit cards out of...

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