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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ThursdayMay 30, 2024 10:00 am

Online Dating Apps Scramble to Address Threats, Scams as Women Become More Wary

Recent reports have indicated that dating applications are scrambling to address the security threats facing their platforms in an attempt to attract young women. Many Gen Z women are turning away from online dating as scammers and criminals proliferate on dating platforms. While these security risks are typically financial scams, there has been a recent increase in romance scams that lead to crimes as severe as human trafficking. As younger women are becoming more wary of modern dating apps, these platforms are reportedly considering novel features to boost their security and increase user confidence. A Financial Times report noted that…

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TuesdayMay 28, 2024 10:00 am

Mobile Wallets Now Control 84% of Payments in China

A recent GlobalData survey has revealed that a majority of payments in China are now occurring through mobile money wallets. The survey found that mobile money wallets are responsible for covering a whopping 84% of payments in the east Asian nation, a concrete sign that Chinese consumers have overwhelmingly bought into mobile money wallets. According to the GlobalData 2023 Financial Services Consumer Survey, slightly more than 84% of consumers in China reported that they had virtual wallets such as WeChat Pay and Alipay and had used them to purchase goods in a physical shop in the past year. GlobalData states…

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ThursdayMay 23, 2024 10:00 am

Alibaba Exceeds Revenue Expectation, Distributes $4B in Dividends

Alibaba Group Holding Ltd. (NYSE: BABA) has revealed that it exceeded its revenue forecasts for Q4 2023 and enjoyed a 7% year-over-year revenue increase to bring in a whopping $30.73 billion. The Chinese technology company notes that the unexpected growth was largely due to the success of its cloud and e-commerce businesses, which helped it surpass the $30.4 billion consensus estimate set forth by Bloomberg. Furthermore, Alibaba's earnings for fiscal year 2024 have seen an 8% year-over-year increase to $130.13 billion, which allowed the technology multinational to distribute $4 billion in dividends to its shareholders. Chief financial officer Toby Xu…

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TuesdayMay 21, 2024 10:00 am

Rumble Files Lawsuit Against Google’s Advertising Practices

Video-sharing platform and YouTube competitor Rumble has filed a suit against Google over the leading information technology company’s online advertising activities. According to Rumble, Google has engaged in anticompetitive business practices and secured a monopoly over the digital-advertising space by preventing Meta subsidiary Facebook from providing customers with alternatives to its digital-advertising ecosystem. Rumble's lawsuit claims that Google also used its financial might to gobble up potential competitors, granting it a monopoly in both the buying and selling of online ads as well as near total control over the systems that facilitate digital ad buying and selling. The video-sharing platform…

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