China | ForkLog

ForkLog 15 20.08.2024

China Equates Bitcoin Transactions with Money Laundering

China’s Supreme Court has classified transactions involving “virtual assets” as a method of money laundering, enshrining this in law, according to local media. The transfer and conversion of illicit proceeds through digital transactions now fall under provisions prohibiting the “concealment of the source and nature of criminal proceeds and other benefits.” Offenders face fines ranging […]

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ForkLog 18 14.08.2024

Mercedes-Benz Partners with ByteDance for AI Integration

The German automotive giant Mercedes-Benz has formed a partnership with ByteDance’s cloud division, Volcano Engine, to collaborate on artificial intelligence. This was reported by SCMP. The companies have signed a memorandum of strategic cooperation in the fields of big data, large language models (LLM), and artificial intelligence. The deal involves applying the AI technology underlying […]

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ForkLog 50 29.07.2024

Chinese AI Startup Zhipu Unveils Video Generation Model

Startup Zhipu has introduced an artificial intelligence-based model for video generation named Ying, as reported by SCMP. The platform can create six-second videos from prompts and uploaded images in just 30 seconds. Users have the option to adjust the video style and select emotional themes. Example of content generated with Ying. Source: X. At a […]

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ForkLog 18 25.07.2024

Russia Turns to Cryptocurrencies for Cross-Border Payment Solutions

Russian companies are increasingly encountering difficulties in international transactions due to the threat of secondary sanctions against their counterparts. Against this backdrop, cryptocurrencies and payments through intermediaries are gaining popularity, writes Bloomberg. The most significant challenge for Russia involves dealings with China, whose trade with Russia reached a record $240 billion in 2023. In many […]

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ForkLog 24 10.07.2024

China Emerges as Leader in AI Adoption, Study Reveals

China has taken the lead in the adoption of generative artificial intelligence, according to a study by SAS and Coleman Parkes, as reported by Reuters. SAS, a company focused on AI and analytical software development, collaborated with Coleman Parkes, a research firm, to survey 1,600 individuals in executive positions across various industries worldwide. Among Chinese […]

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ForkLog 32 03.07.2024

Chinese Scientists Develop Robot with Lab-Grown Brain

Chinese scientists have developed a robot equipped with an artificially grown brain, capable of learning various tasks. This was reported by SCMP. Researchers from Tianjin and Southern University of Science and Technology have devised a brain-on-chip technology that integrates a brain organoid with a neural interface chip to power the robot and teach it to […]

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ForkLog 44 03.07.2024

Chinese Mining Pools Dominate Despite Ban, Says CryptoQuant CEO

Despite China’s ban on cryptocurrency mining, Chinese mining pools account for 54% of the market share, according to CryptoQuant CEO Ki Young Ju. Despite China’s ban on #Bitcoin mining, Chinese mining pools still hold nearly 54% market share. While not all participants in these pools are Chinese, some mining farms might still be operating covertly […]

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ForkLog 33 03.07.2024

China Outpaces the US Sixfold in AI Patent Filings, Says UN

China is leading the world in the number of patents related to generative artificial intelligence, according to a report by the United Nations cited by Reuters. The World Intellectual Property Organization (WIPO) reports that over the past decade, more than 50,000 patent applications related to generative AI have been filed, with a quarter of them […]

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ForkLog 26 26.06.2024

Russia Plans Platform for Digital Ruble Transactions

Russia, in collaboration with the central banks of BRICS nations, is working on launching the BRICS Bridge platform for transactions in national currencies, including digital ones. This was reported by Izvestia, citing Deputy Finance Minister Ivan Chebeskov. The new system will enable direct transactions between countries and reduce the impact of Western sanctions on international […]

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ForkLog 34 19.06.2024

China Develops AI Commander for Military Simulations

An AI commander is being tested at the laboratory of the College of Joint Operations at the National Defense University in Shijiazhuang, Hebei province, according to SCMP. The tests are conducted in computer-based military games involving all branches of the People’s Liberation Army of China. The virtual commander is granted full authority, learns quickly, and […]

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ForkLog 39 18.06.2024

Chinese Bank Executives Accused of Laundering $250 Million via Cryptocurrency

The private Chinese institution, Bank of Huludao, has uncovered a scheme involving the theft and laundering of 1.8 billion CNY (~$250 million) belonging to investors, implicating two of its senior executives. This was reported by The National Business Daily, citing court documents. According to the case materials, in August 2020, the bank’s former party secretary, […]

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ForkLog 44 17.06.2024

Money Laundering Scheme via e-CNY Uncovered in China

The Yuecheng District Prosecutor’s Office in Shaoxing City, Zhejiang Province, has investigated a case involving the use of digital yuan (e-CNY) accounts for cashing out and laundering money, according to local media reports. A group of four individuals located merchants accepting the central bank digital currency (CBDC) and arranged to exchange a certain amount of […]

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