CX Daily: How the AI Race Has Spread From the Cloud to the Palm of Your Hand
TOP STORIES
AI /
“Find a photo of a girl laughing while wearing a garbage bag in the rain.”
When Xie Weiqin, AI solution director at Chinese smartphone-maker Vivo, typed this sentence into a phone at the Vivo Developer Conference on Nov. 1, the photo of the girl appeared almost instantly on the phone’s screen.
Xie was demonstrating the smartphone assistant powered by Vivo’s latest artificial intelligence (AI) model. In addition to searching photos and files, the model can assist users in editing photos, extracting key points from papers, and generating social media threads based on keywords or images. These new smartphone functions are enabled by the so-called edge AI technology. ?
Carbon?/
China’s special climate envoy Xie Zhenhua has reaffirmed 2030 as the target year for reaching peak carbon and for when absolute emissions in the country begin to fall.
As negotiations drag out to reach a final agreement at the United Nations’ Climate Change Conference (COP28) in Dubai, Xie told reporters that China had been in “close communication” with other major countries and groups to find language that all parties can agree on regarding the future of fossil fuels. ?
FINANCE & ECONOMY
Standard Chartered?/
China’s top securities watchdog has granted a securities business license to Standard Chartered Securities (China) Ltd., the company revealed Monday.
The brokerage house, wholly owned by British banking giant Standard Chartered PLC, anticipates commencing operations early next year with an initial focus on the fixed-income segment, a spokesperson at the company told Caixin. ?
Corruption?/
Li Pengxin, former deputy secretary of the Communist Party of the Xinjiang autonomous region of western China, is under disciplinary review and supervisory investigation on suspicion of serious violations of law, the Communist Party’s Central Commission for Discipline Inspection said Monday.
The top graft-buster didn’t disclose details of his investigation, but such investigations are usually related to corruption. ?
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Quick hit?/
BUSINESS & TECH
Tencent?/
China Literature Ltd., the country’s largest online publishing and e-book company and a spinoff of Tencent Holdings Ltd., agreed to buy the animation and comics business from its controlling shareholder Tencent for 600 million yuan ($83.9 million).
Tencent Animation and Comics has been making a loss for the past two years, losing 190 million yuan in 2021 and 111 million yuan in 2022. As of Sept. 30, the unit’s assets had a book value of 442 million yuan. ?
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Tech Insider?/
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GALLERY
Baha Dobi has grown from a small fishing village into a city of more than 2 million since it became home to the Indonesia Morowali Industrial Park, which is now the largest industrial base for nickel in the Southeast Asian country. Investments from companies based in China and elsewhere have driven growth of the industrial park, which has its own seaport, airport and telecommunications network. However, the area’s rapid industrialization has led to problems such weak public security and environmental degradation.
Great article on how AI is becoming more accessible and how it's changing our lives!