The company also released new versions of its home-grown chips, including one designed for AI applications, and deepened its relationship with Nvidia.

Valued at more than US$60 billion, Shein is expected to become the most valuable China-founded company to go public in the US since Didi Global’s debut in 2021 at a US$68-billion valuation.

The ChatGPT maker had made progress on Q*, which some researchers believe could be a breakthrough in artificial general intelligence, one of the sources say.

The start-up's new board will be chaired by former Salesforce co-chief executive Bret Taylor and include former US Treasury Secretary Larry Summers.

More than 700 of OpenAI's roughly 770 employees signed a letter, calling for all board members to resign and for fired CEO Sam Altman to be reinstated.

The twin moves mark a turning point in the frenetic aftermath of Altman’s firing, which stunned Silicon Valley and set off a campaign led by Nadella and other OpenAI executives to get Altman reinstated.

Musk said the potential danger of AI is so great that OpenAI, the most powerful artificial intelligence company in the world right now, should disclose the reason it fired CEO Altman.

A day after the OpenAI board fired him, Sam Altman was talking with the company’s executives about improving its governance structure, while discussing with some core ChatGPT researchers about starting a new artificial intelligence company.

OpenAI, whose generative AI products initially raised fears of widespread cheating on homework, is now exploring how it can get its popular ChatGPT service into classrooms, according to a senior executive.

The start-up has decided to change the so-called tensor name of its AI model Yi-34B, following an inquiry that later revealed it was developed using the architecture of Meta Platforms’ Llama system.

The start-ups last week introduced new features and upgrade that allow users to build custom versions of ChatGPT to accomplish specific tasks.

The Ai Pin is designed to be worn on clothing, and users can interact with it using voice and a laser system that projects text on the hand.

Fintech start-up OneDegree’s optimistic projection stems from the positive performance of the company’s household pet and digital-asset insurance operations.

OpenAI’s GPT-4 Turbo likely to kick off another flurry of activity among Chinese competitors, with firms such as Baidu and Alibaba showcasing their products at Wuzhen Summit.

Once valued at US$47 billion, WeWork’s plunge into bankruptcy damaged the professional reputation of SoftBank’s Masayoshi Son far beyond the US$11.5 billion he lost in the co-working office space start-up.

The e-commerce company was the world’s third-most-valuable start-up in 2022, but its valuation has since dropped along with other start-ups and tech firms.

The company, which struggled to survive the Covid-19 pandemic and a derailed initial public offering, reported estimated assets and liabilities ranging from US$10 billion to US$50 billion.

MYAirline suspended operations just 10 months after it started flying, while Rayani Air lasted less than four months in 2016.

Chinese GPU start-up Moore Threads Intelligent Technology, which was added to a US trade blacklist last month, will start to lay off workers, according to local media.

Chinese start-up 01.AI, founded by computer scientist Kai-fu Lee, has become a unicorn in less than eight months on the strength of a new open-source AI model.

Musk also said xAI released its first AI model, a bot named Grok, after making it available to all X Premium+ subscribers on Friday.

The Shanghai-based company’s lay-offs reflect its effort to stay afloat amid escalating competition in the world’s largest EV market and rising losses.

The Beijing-based company, launched by the founder of Sogou, says the latest version of its large language model has a bigger ‘context window’ than its foreign competitors.

Alibaba co-founder and chairman Joe Tsai says the company’s cloud unit aims to be the most open ‘in the era of AI’.

Hong Kong start-up Rice Robotics has deployed a fleet of ‘friendly’ AI-powered robots in the Citic Tower skyscraper, as the city plays catch-up with Japan and South Korea in automation.

The start-up’s other investors included Ant Group, Meituan, Xiaomi and HongShan, the Chinese venture capital firm spun off from the former Sequioa Capital.

A US congressional committee is targeting Sequoia Capital after starting investigations into several other venture capital firms for their investment in Chinese technology companies.

Thirty companies have been shortlisted out of more than 1,000 start-ups taking part in the Jumpstarter 2023 Global Pitch Competition.

AMD aims to invest in and build a unified collection of software to power the various chips it makes.