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X Square Robot Secures $276M Series B from Xiaomi and Sequoia China

X Square Robot bagged $276M in Series B funding led by Xiaomi and Sequoia China. This funding boost highlights massive investor interest in embodied AI. The startup, known for its proprietary 'general embodied intelligence foundation models,' has already drawn support from ByteDance, Alibaba, and Meituan.

13 hours ago

X Square Robot Secures $276M Series B from Xiaomi and Sequoia China

Alibaba Invests $290 Million in ShengShu to Propel AI World Models

Alibaba's $290 million investment in ShengShu aims to develop 'world models,' bridging video AI with real-world robotics. As LLM limitations become evident, this move could redefine AI's role in physical systems.

2 days ago

Alibaba Invests $290 Million in ShengShu to Propel AI World Models

AI Agents Propel China's One-Person Companies into the Future

The rise of one-person companies (OPCs) in China is taking the entrepreneurial world by storm, thanks to AI agents like OpenClaw and Alibaba's Accio. These powerful AI tools allow solo entrepreneurs to effortlessly manage scalable e-commerce businesses. With around 30-40% of Alibaba.com's customers operating as OPCs, there's a vibrant push towards automation where AI manages tasks that once needed full teams. Cities in China, eager to boost this trend, are offering enticing incentives such as free housing and substantial subsidies. Alibaba's global expansion aims to bring this revolution to the US, Europe, and beyond, cementing the global potential of AI-driven, solo entrepreneur models. However, this trend isn't without its challenges, as concerns over job displacement and the sustainability of such growth remain.

Apr 2

AI Agents Propel China's One-Person Companies into the Future

Moonshot AI Aims for the Stars with $1 Billion Fundraising at $18 Billion Valuation

Chinese AI startup Moonshot AI, maker of the powerful Kimi models, is in the midst of a $1 billion fundraising round hoping to achieve an $18 billion valuation. With its Kimi models ranked among the top global performers, Moonshot is rapidly climbing the ranks in the AI world amid strong international revenue growth and significant investor interest, particularly from major Chinese companies like Alibaba and Tencent.

Mar 30

Moonshot AI Aims for the Stars with $1 Billion Fundraising at $18 Billion Valuation

Alibaba's Major Layoffs in Strategic Move towards AI and Cloud Domination

In a bold strategic shift, Alibaba is letting go of 34% of its workforce in 2025 to bolster its AI and cloud computing initiatives. The layoffs aim to reduce roles in non-core units while focusing investments in AI infrastructure and cloud services, aiming for $100B in revenue over five years. Despite seeing robust growth in cloud revenue, the company faces plunging profits due to heavy investments, marking a critical moment in the competitive Chinese tech landscape.

Mar 20

Alibaba's Major Layoffs in Strategic Move towards AI and Cloud Domination

Alibaba's CEO Eddie Wu Takes Charge in AI Overhaul!

In a strategic move, Alibaba's CEO Eddie Wu has taken direct control of a newly formed AI task force following the resignation of Lin Junyang, the head of the Qwen division. This reshuffle is set to boost Alibaba's prowess in AI, especially focusing on their successful Qwen series of language models.

Mar 16

Alibaba's CEO Eddie Wu Takes Charge in AI Overhaul!

Alibaba's New AI Frontier: CEO Eddie Wu Takes Charge of Innovative Business Group

Alibaba's CEO Eddie Wu is taking the helm of a new AI-focused business group, signaling a significant shift in the company's technological strategy. This move comes amid leadership changes and substantial AI investment, as Alibaba looks to unify its AI projects under a cohesive structure to enhance efficiency and innovation. Wu's leadership is expected to accelerate AI integration across Alibaba's operations, positioning the company as a frontrunner in the global AI race.

Mar 16

Alibaba's New AI Frontier: CEO Eddie Wu Takes Charge of Innovative Business Group

Alibaba's Qwen3.5 Series: A Small Step for AI, a Giant Leap for Edge Computing!

Alibaba's newly launched Qwen3.5 AI models are shaking up the AI landscape with their efficiency and power, especially on consumer-grade hardware! The Qwen3.5-4B model is wowing developers with its multilingual capabilities and strong visual reasoning, almost rivaling the 9B version, despite some limitations in mathematical reasoning. Even Elon Musk is impressed! With open-source availability and impressive speed on platforms like Mac minis, these models challenge the norm and hint at a future where AI is accessible without the need for high-end GPUs.

Mar 4

Alibaba's Qwen3.5 Series: A Small Step for AI, a Giant Leap for Edge Computing!

Perplexity AI Unveils Cutting-Edge Embedding Models, Challenging Google and Alibaba

Perplexity AI has released sensational new open-source embedding models, pplx-embed-v1 and pplx-embed-context-v1, setting new benchmarks in AI. These models not only surpass Google's gemini-embedding-001 but also nearly match Alibaba's wen3Embedding-4B—all while utilizing significantly less memory. With a bidirectional attention mechanism and efficient quantization for large-scale deployments, these models present a powerful tool available under MIT license on Hugging Face and the Perplexity API. Explore this new frontier in AI contributing to semantic search, RAG systems, and more.

Mar 3

Perplexity AI Unveils Cutting-Edge Embedding Models, Challenging Google and Alibaba

Alibaba's Compact AI Marvel: Qwen 3.5 Models Triumph Over Giants

Alibaba's Qwen 3.5 model series is making waves by outperforming larger competitors like OpenAI's GPT-OSS-120B. With models ranging from just 0.8B to 9B parameters, these compact powerhouses deliver top-notch performance with significantly lower computational demands. Discover how Qwen 3.5 is democratizing AI and reshaping the tech landscape.

Mar 3

Alibaba's Compact AI Marvel: Qwen 3.5 Models Triumph Over Giants