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AI & Enterprise
Alibaba\'s AI and semiconductor bets pay off, from CXMT to Zhipu AI
Alibaba Group Holding is posting large unrealised gains from investments in Chinese memory chipmaker CXMT and generative AI startups, after shifting away from large retail takeovers. It holds about 5 percent of CXMT, valued at more than 140 billion yuan, after investing about 7.6 billion yuan since 2021. Alibaba has also backed Zhipu AI and other Chinese AI startups, while continuing investments in semiconductors, data centres and robotics.
AI & Enterprise
Meta unveils Muse Spark AI model, eyes AI-native networks
Meta has unveiled its Muse Spark AI model, its first since hiring former Scale AI CEO Alexandr Wang nine months ago. The launch is being watched as a potential variable in an AI model market led by OpenAI, Google and Anthropic, alongside Chinese firms. The article also tracks moves around AI-native infrastructure and robotics foundation models, plus new products and funding across OpenAI, Anthropic and a range of tech companies.
AI & Enterprise
Alibaba unveils HappyHorse 1.0 AI video generation model, tops global leaderboard
Alibaba Group has developed an AI video generation model called HappyHorse 1.0, the Wall Street Journal reported on Thursday. The model has ranked first since its launch on third-party site Artificial Analysis’ text-to-video conversion leaderboard, the report said. A spokesperson for Alibaba’s newly established AI-focused unit Token Hub said HappyHorse is in internal beta testing and an API will be released soon.
