China | ForkLog

ForkLog 50 03.12.2024

AI User Base in China Reaches 230 Million

The number of users of artificial intelligence solutions in China reached 230 million by the end of June, reports SCMP, citing the CNNIC. Baidu’s Ernie bot is the most widely used product, accounting for 11.5% of users. It can generate text in Chinese and other languages, analyze data, summarize information, write articles, assist in programming, […]

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ForkLog 105 21.11.2024

China Unveils a Rival to OpenAI’s ‘Thinking’ Neural Network

The Chinese laboratory DeepSeek has introduced a contender to OpenAI’s o1—a ‘supercharged’ AI model named DeepSeek-R1-Lite-Preview. ? DeepSeek-R1-Lite-Preview is now live: unleashing supercharged reasoning power! ? o1-preview-level performance on AIME & MATH benchmarks.? Transparent thought process in real-time.?️ Open-source models & API coming soon! ? Try it now at https://t.co/v1TFy7LHNy#DeepSeek pic.twitter.com/saslkq4a1s — DeepSeek (@deepseek_ai) November […]

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ForkLog 22 20.11.2024

China’s ‘Crypto Pope’ Dismissed Amid Corruption Allegations

Yao Qian, the former first director of CBDC development at the People’s Bank of China, has been expelled from the Communist Party following allegations of corruption involving cryptocurrencies. In April, ForkLog reported on the initiation of an investigation against the official due to “serious violations” of discipline and law. At that time, the specialist held […]

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ForkLog 11 14.11.2024

HashKey CEO: Trump’s Policies Could Revive China’s Crypto Market

A favourable stance towards cryptocurrencies from Donald Trump’s administration could be a factor prompting China to lift restrictions on the digital asset market. This opinion was expressed by HashKey Group CEO Xiao Feng.

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ForkLog 27 04.11.2024

Chinese Military Suspected of Using Meta’s AI for Defense Purposes

Institutions linked to the People’s Liberation Army of China (PLA) have reportedly utilized a publicly available neural network from Meta to develop a tool potentially suitable for military purposes, according to Reuters, citing sources and scientific papers. Experts based their work on an early version of Llama 13B, applying their own parameters to create what […]

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ForkLog 8 29.10.2024

Arthur Hayes Identifies China’s Economy as Key Driver for Bitcoin Price Surge

Demand for Bitcoin is set to soar due to the inevitable economic stimulus measures by Chinese authorities, according to former BitMEX CEO Arthur Hayes in a new essay. “加油比特币 — Let’s Go Bitcoin” is an essay about how China’s stimulus will pump trillions of $ into the financial markets and levitate #crypto.https://t.co/oUg4exFp1V pic.twitter.com/a20WdIwu20 — Arthur […]

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ForkLog 32 25.09.2024

QCP Capital Sees Potential Cryptocurrency Surge Amid Chinese Stimulus

China is poised to introduce additional stimulus measures, which could bolster the growth of risk assets, including cryptocurrencies, according to QCP Capital. On September 24, the People’s Bank of China (PBOC) announced monetary policy easing, including rate cuts on several instruments and a reduction in reserve requirements. This latest move has freed up approximately 1 […]

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ForkLog 9 24.09.2024

Analysts Note Shift Towards Ethereum Calls Amid Chinese Central Bank Stimulus

The ETH/BTC exchange rate has risen from Friday’s 0.038 to the current 0.0415, with market interest shifting from puts to calls, according to QCP Capital. Experts highlighted that the implied volatility in contracts for the second-largest cryptocurrency by market capitalization exceeds that of Bitcoin by 9%. In their view, this indicates improved sentiment and potentially […]

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ForkLog 35 12.09.2024

China Trails the US in AI Development, Says Former Google China Chief

Chinese AI models lag behind their American counterparts by six to nine months, though their applications are expected to develop much more rapidly. This view was expressed by former Google China head Kai-Fu Lee, according to CNBC. The discussion centers on large language models (LLM), which are trained on vast amounts of data and capable […]

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ForkLog 32 30.08.2024

Chinese Authorities Investigate CoinGecko’s Counterpart Feixiaohao

Chinese police are investigating the cryptocurrency market data aggregator Feixiaohao, a platform akin to CoinGecko. This was reported by journalist Colin Wu. Feixiaohao, the largest simplified Chinese cryptocurrency market data website similar to coingecko, was suspected of being arrested by the Chinese police. The reason is currently unknown and the investigation has lasted for more […]

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ForkLog 17 23.08.2024

Founder of MBI Group Crypto Pyramid Extradited to China

On August 20, Thai law enforcement handed over Zhang Moumou, the founder of the cryptocurrency pyramid scheme MBI Group, to Chinese authorities. This was reported by Chinese media. According to journalists, this marks the first successful extradition of a suspect in economic crimes from Thailand to China. MBI Group had been operational since 2012. Victims […]

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ForkLog 25 21.08.2024

Kunlun Tech Launches AI Platform for Video Creation

Chinese online game publisher Kunlun Tech has introduced an AI-based tool for creating short dramas, according to SCMP. Skyreels, described as the “world’s first platform” for generating videos using artificial intelligence, is built on the company’s proprietary large language models. The platform can generate scripts, characters, plots, storyboards, dialogues, and music to create a short […]

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