Baidu, SenseTime Among First Firms to Win China AI Approval
China approved the first batch of generative artificial intelligence services for public rollout, freeing up homegrown technology champions including Baidu Inc. and SenseTime Group Inc. to openly compete with the likes of OpenAI Inc. and Microsoft Corp. Baidu’s shares gained as much as 4.8% in Hong Kong. In a post on its official WeChat account, Baidu said Ernie Bot — its ChatGPT rival — will become available to the public on Aug. 31. The company will also release a batch of new applications for users to experience generative AI. Read more Bloomberg
Jing Meta Insider: Self-sovereign immersive spaces are the future of digital interactivity
When we reflect on the advancements of Web3 and metaverses over the past eight years, one principle stands out: self-sovereignty. It’s a term that carries the weight of true empowerment, transforming how we engage with the digital landscape with the creation of photorealistic environments, and redefining our digital relationships. I believe it is the future of the immersive internet. No longer do creators have to relinquish control over their intellectual property; instead, they retain full ownership in these decentralized ecosystems. Even more compelling is the concept of creator royalties, which enable artists and creators to earn compensation in perpetuity for their work. Gone are the days when creativity was a one-time transaction with limited reward. Read more Jing Meta
