ThursdayJun 27, 2024 10:00 am

New Report Discusses Factors Propelling Mobile Payment Services Forward

Mobile money has emerged as one of the most popular alternative means of payment in recent years. With an increasingly large portion of trade and commerce occurring online and in virtual marketplaces, mobile payment services that allow people and businesses to make purchases quickly and conveniently have seen their market share grow immensely. These services became even more popular during the COVID-19 pandemic, when many businesses turned to online sales, home deliveries, curbside pickups and virtual payments to prevent the contagion from spreading. A recent market report on the mobile-payment service segment now strives to provide market players with the…

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TuesdayJun 25, 2024 10:00 am

Alibaba Cloud Will Deploy AI-Backed Multicamera Replay System During Paris Olympics

Alibaba Cloud has revealed that its artificial Intelligence-enhanced, multicamera replay service will be deployed during the upcoming Paris 2024 Olympic Games. The cloud unit teamed up with Olympic Broadcasting Services (OBS) to test the AI-enhanced camera system during the Olympic Qualifier Series held in Shanghai last month. Once the games begin, Alibaba Cloud’s camera system is set to form the backbone of broadcasting and will use advanced algorithms to provide a new type of Olympic viewing experience for spectators. The system uses deep neural networks alongside machine learning to provide “dynamic, multiangle views” of the Olympic games. Strategically placed cameras…

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ThursdayJun 20, 2024 10:00 am

Tokyo to Launch Government-Owned Dating App

Japan's capital city, Tokyo, is set to launch a government-owned dating platform over the summer to help locals find love amid an historic birth rate crisis that has left many experts worried about Japan's future. Although people in many developed countries struggle to find romantic partners, Japan makes it especially difficult for young professionals to pair up and start their own families. This is largely due to the Asian country's culture of extreme hard work coupled with a social culture that's heavily reliant on group-based work departments and student clubs. For individuals without particularly appealing aspects, such as wealth, the…

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TuesdayJun 18, 2024 10:00 am

Alibaba’s Qwen2 Outperforms Other Open-Source LLMs

The Qwen2 Series, Alibaba Cloud’s most recent language model series, has outperformed every other open-source language learning model (LLM) in various benchmarks to emerge at the top of the LLM Leaderboard. Trained with nearly 30 languages, Alibaba's LLM surpassed the competition soon after its launch, thanks to its enhanced safety alignment as well as the improved performance it offers. This latest LLM series from Alibaba Group Holding Ltd. (NYSE: BABA) comprises several instruction-turned language models ranging from 0.5 to 72 billion parameters in size, base languages and a Mixture-of-Experts (MoE). Thanks to these updated capabilities, Qwen2 raced to the number-one…

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ThursdayJun 13, 2024 10:00 am

Alipay Rolls Out AI Tool to Help Detect Hair Loss

Alipay, the dominant mobile wallet provider in China, has unveiled an artificial-intelligence (AI)-based mini app that can help people detect whether they are balding. One simply uploads four images of their head in order to be assessed for balding. This mini app marks yet another way that the mobile payment giant is seeking to further entrench itself in many aspects of people’s lives so that it isn’t viewed as simply a mobile payment channel. To use the app, one takes four photos covering the sides, top and front of the head. One then uploads these photos, and the AI system…

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TuesdayJun 11, 2024 10:00 am

Trump Tried to Outlaw TikTok, Has Now Joined Platform

Former U.S. President Donald Trump has joined Chinese social media app TikTok despite calling the video-sharing application a security threat during his presidential tenure. In a major reversal of his position on TikTok, Trump said he was honored to join the popular social media app he previously tried to ban in the United States. The embattled former head of state quickly gained a whopping five million followers and surpassed the Biden administration's following of only 355,000. With the popular video-sharing app primarily filled with younger users from Gen Z, Trump is likely trying to attract young American voters to his…

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ThursdayJun 06, 2024 10:00 am

How Data Analytics Benefits from Generative AI

Generative artificial intelligence (AI) has been around for only a couple of years, but the technology is already boosting the corporate world's analytical capabilities. First introduced to the world through ChatGPT, generative AI uses advanced algorithms to study vast data sets and produce texts or results based on simple user prompts. ChatGPT and other generative AI applications may be more popular for their text generation abilities, but the applications have a much wider range of applications. In the data-analytics world, generative AI has made it easier to use analytics tools and improved automation quality, benefits that can be impactful through…

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TuesdayJun 04, 2024 10:00 am

Alibaba Reportedly Stops Accepting Payment in Rubles, Halts Shipments to Russia

A recent report by Russian publication Kommersant has revealed that AliExpress parent company Alibaba Group Holding Ltd. (NYSE: BABA) has stopped accepting payments made in Rubles and halted deliveries to Russia. The report alleges that the Chinese multinational has “tightened conditions for Russian businesses” by making sweeping changes to the payment and delivery rules its online marketplace follows. Kommersant pointed to a local economic expert who associated Alibaba's recent anti-Russia policies with heightened fears of current economic sanctions against Russia affecting perceived allies. Most western countries issued sanctions against Russia after it invaded Ukraine in 2022, and countries such as…

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