Tmall Genie Fully Launches 'Genie Large Model'


Westlake Heartbeat secured hundreds of millions of yuan in Series B+ funding in August, led by GF Xinde and joined by Westlake Innovation Investment, Wuhan Jiangtun Fund, Rongyi Investment, Nantong Investment Management, and strategic investors Liepin and 58 Industry Fund. Existing investor Ant Group also participated.....
A white paper from Apollo Global Management states that AI may not directly replace jobs, but has begun to suppress wages. A study tracking 321 occupations found that job roles with high exposure to AI have seen an average wage growth decline of 6.7% since the popularity of ChatGPT in 2023, while overall employment has not been significantly affected, indicating that the more common crisis today is wage cuts rather than unemployment.
Sam Altman stated that AI cannot shorten working hours, as increased productivity will trigger a sense of competition, leading people not to reduce their work. He pointed out that for a long time, tech company CEOs have promised to shorten working hours, but it has not come true.
NVIDIA is discussing a major deal with OpenAI, planning to provide about $25 billion in financing guarantees to support its leasing of a 10-gigawatt data center developed by SoftBank's energy subsidiary in Ohio. Including chips, the total investment in the project may exceed $50 billion, making it the largest data center in the world.
Alphabet's bet on AI startup Anthropic has paid off massively. As of June 30, its total private investment value was ~$124.3B, with Anthropic holdings worth ~$124B, making it one of its most successful investments and highlighting deep capital-compute ties between the two AI giants.....