Hot on the heels of becoming the first foreign car maker to be approved for autonomous driving tests in Beijing, Mercedes-Benz announced a new partnership with TikTok owner ByteDance, saying it would work on AI tech for in-car systems. This includes plans for generative AI. 

https://www.scmp.com/tech/tech-trends/article/3274449/mercedes-benz-teams-tiktok-owner-bytedance-ai-technology-car-systems?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240816&tpcc=enlz-insidechinatech&UUID=f9aaf50d26626de042873bfe2733d91d&tc=7

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Mercedes-Benz teams up with ByteDance on AI for in-car systems

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Hot on the heels of becoming the first foreign car maker to be approved for autonomous driving tests in Beijing, Mercedes-Benz announced a new partnership with TikTok owner ByteDance, saying it would work on AI tech for in-car systems. This includes plans for generative AI.   https://www.scmp.com/tech/tech-trends/article/3274449/mercedes-benz-teams-tiktok-owner-bytedance-ai-technology-car-systems?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240816&tpcc=enlz-insidechinatech&UUID=f9aaf50d26626de042873bfe2733d91d&tc=7   #🇨🇳 ChinA.I. 🤖🧠🦾🤖

Bobby

State media in Guangdong recently reported that the output of the province’s AI industry grew to US$25 billion last year. Shenzhen alone made up 44 per cent of that. That is still a far cry from Beijing, where the output of the AI industry was worth US$35 billion last year. It was US$21 billion in Shanghai.

As home to the tech hub of Shenzhen, Guangdong would no doubt love to take China’s AI crown. But Beijing is still king when it comes to start-up funding.

https://www.scmp.com/tech/tech-trends/article/3274216/guangdongs-ai-industry-reaches-us25-billion-province-competes-beijing-shanghai?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240816&tpcc=enlz-insidechinatech&UUID=f9aaf50d26626de042873bfe2733d91d&tc=8

State media in Guangdong recently reported that the output of the province’s AI industry grew to US$25 billion last year. Shenzhen alone made up 44 per cent of that. That is still a far cry from Beijing, where the output of the AI industry was worth US$35 billion last year. It was US$21 billion in Shanghai.  As home to the tech hub of Shenzhen, Guangdong would no doubt love to take China’s AI crown. But Beijing is still king when it comes to start-up funding.  https://www.scmp.com/tech/tech-trends/article/3274216/guangdongs-ai-industry-reaches-us25-billion-province-competes-beijing-shanghai?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240816&tpcc=enlz-insidechinatech&UUID=f9aaf50d26626de042873bfe2733d91d&tc=8

Shenzhen’s AI industry accounts for more than 40 per cent of Guangdong’s output, but Beijing still reigns with AI output worth US$34.9 billion.

Guangdong’s AI industry output reached US$25 billion in 2023

Jerome Cody

Hong Kong has also been looking for a piece of the AI action, as well. Amid the city’s push to transform into a hi-tech hub, the de facto central bank and government-backed business park Cyberport are collaborating on a generative AI (GenAI) sandbox with the goal of finding practical applications for the finance industry.

https://www.scmp.com/tech/tech-trends/article/3274489/hkma-cyberport-collaborate-genai-sandbox-foster-adoption-citys-banking-industry?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240816&tpcc=enlz-insidechinatech&UUID=f9aaf50d26626de042873bfe2733d91d&tc=9

Hong Kong has also been looking for a piece of the AI action, as well. Amid the city’s push to transform into a hi-tech hub, the de facto central bank and government-backed business park Cyberport are collaborating on a generative AI (GenAI) sandbox with the goal of finding practical applications for the finance industry.  https://www.scmp.com/tech/tech-trends/article/3274489/hkma-cyberport-collaborate-genai-sandbox-foster-adoption-citys-banking-industry?utm_medium=email&utm_source=cm&utm_campaign=enlz-insidechinatech&utm_content=20240816&tpcc=enlz-insidechinatech&UUID=f9aaf50d26626de042873bfe2733d91d&tc=9

The sandbox serves as a framework, with computing resources and supervisory guidance, to help banks test and build their GenAI applications.

Bobby

A group of likeminded people in 🇨🇳 ChinA.I. 🤖🧠🦾🤖 are talking about this.