TechNode Weekly News | June 7

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China’s EV sales recovery picks up pace in May, helped by promotions by Jill SHEN

Major Chinese automakers reported higher electric vehicle sales for May than in April, boosted by new government subsidies and the continued use of discounts to lure cost-conscious shoppers. Notably, NIO蔚来 and Geely’s Zeekr were among the top-performing companies in the market, reporting their best-ever monthly deliveries.

Stanford AI project authors apologize for plagiarizing Chinese large language model by Jessie WU

Two authors behind a Stanford University AI project have apologized to the Chinese team behind open-source AI model MiniCPM-Llama3-V 2.5 after social media users in China outed the former for having plagiarized the latter model, which was developed by Tsinghua University and ModelBest Inc. The incident sparked widespread discussion on the Chinese internet.

TikTok eyes a big step on US shopping business sales for second-half amid current disappointing performance: report by Yujia Dong

TikTok eyes a shopping sales goal between $12 billion and $13 billion for the second half this year in the US, according to a?36Kr?report on Tuesday. The high target was set after the short video platform fell far below expectations in the first five months.

Zhipu AI announces second price cut in a month, CEO says “not a simple price war” by Yujia Dong

Chinese artificial intelligence company Zhipu AI on Wednesday announced its second price cut in a month, slashing the price tag of its “most popular model” by more than half. The company said it would now offer its GLM-4 model at a charge of RMB 0.10 ($0.014) per 1,000 tokens, but CEO Zhang Peng insisted the move was not part of “a simple price war.”

What you need to know about China’s low-altitude economy | BEYOND EXPO 2024 by Jill SHEN

China’s major southern city of Guangzhou?unveiled its action plan?on May 31 to boost the development of the so-called “low-altitude economy,” vowing to become China’s first city to commercialize aircraft for passenger transport in low-altitude airspace over the next three years, and it is not alone. Nearly 30 Chinese major city and provincial governments have brought similar initiatives into their work plans for this year as of writing, according to public records.