Schneider Electric leads firms in use of AI in energy optimization

A view of the booth of Schneider Electric at the 2024 World AI Conference in Shanghai. [Photo provided to China Daily] Most companies may be using artificial intelligence to improve efficiency by replacing repetitive work, but some, including those in China, are using it to optimize energy consumption, said Peter Weckesser, executive vice-president and chief … Continue reading Schneider Electric leads firms in use of AI in energy optimization

AI-powered livestreaming rivalries heating up

A seller promotes products through livestreaming in Haian, Jiangsu province, during this year’s June 18 shopping gala. GU HUAXIA/FOR CHINA DAILY Competition in China’s booming livestreaming e-commerce sector has intensified during this year’s June 18 shopping carnival as major online retailers ramped up efforts to promote sales and entice a more diversified customer base via livestreaming … Continue reading AI-powered livestreaming rivalries heating up

Tutor firm chief not satisfied with unit

The products are on display at the exhibition area for East Buy (Dongfang Zhenxuan) platform during China International Fair for Trade in Services in Beijing on Sept 3, 2022. [Photo/VCG] Yu Minhong, founder and chairman of Chinese private tutoring company New Oriental Education and Technology Group, has expressed his dissatisfaction over East Buy, the livestreaming … Continue reading Tutor firm chief not satisfied with unit

China enhances payment services at key tourism sites

Chinese authorities recently released a circular with specified measures to further optimize payment services and improve convenience in major tourist attractions across the country. The diverse payment needs of senior citizens, foreign and other visitors in the cultural and tourism sectors will be better met, according to the circular jointly issued by the People’s Bank … Continue reading China enhances payment services at key tourism sites

Homegrown chatbot throws hat in AI ring

[Photo/VCG] Industry experts said the updated Kimi chatbot launched by Chinese artificial intelligence startup Moonshot AI has made breakthroughs in processing extensive textual inputs and is of great significance in expanding application scenarios for homegrown AI-powered large language models. They added that Chinese tech companies should pool more resources into improving computing power, algorithms and … Continue reading Homegrown chatbot throws hat in AI ring