Beijing Adds 23 New Generative AI Services to Registry, Reaching a Total of 128

Bank of England Warns: Generative AI Could Exacerbate Stock Market Volatility and Manipulation Risks

Amazon CEO Reveals Custom Chips Lowering AI Costs, $100 Billion Investment Planned for 2025

In a recent annual letter to shareholders, Amazon CEO Andy Jassy highlighted the company's significant investment in artificial intelligence (AI). He noted that while the development and deployment costs of AI remain high, future AI usage costs are expected to decrease significantly as technology advances. Image Note: Image generated by AI, image licensing provider Midjourney. Jassy revealed that Amazon plans to invest up to $100 billion in capital expenditures in 2025.

IBM Acquires AI Consulting Firm Hakkoda to Boost Digital Transformation

IBM announced the acquisition of data and AI consulting firm Hakkoda to expand its data services and accelerate clients' digital transformation journeys. This acquisition brings Hakkoda's generative AI portfolio to IBM, supporting data modernization projects across financial services, public sector, and scientific fields. IBM Senior Vice President Mohamad Ali stated: Leveraging Hakkoda's expert data knowledge, strong technology partnerships, and asset-centric...

Yiren Digital's Zhiyu Large Language Model Successfully Registered: A Key Step Towards Compliance and AI-Powered Financial Future

Recently, Yiren Digital (NASDAQ: YRD) announced that its self-developed Zhiyu large language model has officially completed registration in accordance with the relevant provisions of the "Interim Measures for the Management of Generative Artificial Intelligence Services." This news marks a significant step for Yiren Digital on the path to AI technology compliance and lays a solid foundation for its intelligent applications in the financial field. As a leading AI-driven financial service provider in China, Yiren Digital is driving industry transformation through technological innovation. Image Note: Image generated by AI, image authorized by Midjour.

AI-Driven Surge in Data Center Electricity Demand: A Potential Doubling in the Next Decade

According to a recent report by the International Energy Agency (IEA), the proliferation of AI applications is projected to double data center electricity consumption by 2030, posing significant challenges to global energy security and carbon emission reduction goals. Data centers currently account for approximately 1.5% of global electricity consumption, with an average annual growth of 12% over the past five years. The rise of generative AI is further fueling the demand for massive computing power. The United States, Europe, and China together account for roughly 85% of global data center electricity consumption. Major tech companies have already...

Google Reiterates $75 Billion Investment Plan to Accelerate AI Infrastructure

Alphabet Inc., Google's parent company, recently reaffirmed its capital expenditure plan of approximately $75 billion for 2023. This investment aims to expand data centers and acquire necessary chips and servers to support core business enhancements and the development of artificial intelligence (AI) services. Sundar Pichai, Alphabet's CEO, detailed the plan at Google Cloud's annual conference. Image note: Image generated by AI, image licensing service Mi.

Cyberspace Administration of China: 346 Generative AI Services Completed Registration by March 31, 2025

On April 8th, the Shanghai Cyberspace Administration (CAC) announced the registration status of generative artificial intelligence services as of March 31, 2025. Following the requirements of the Cyberspace Administration of China (CAC), relevant departments jointly promoted the registration of generative AI services to foster innovation and regulated application in this field. By the end of Q1 2025, a total of 346 generative AI services had completed registration with the CAC. Additionally, generative AI applications and functionalities that directly utilize the capabilities of already registered models through APIs or other methods are included.

Groundbreaking Advancements in AI Avatars: Talking Digital Twins Reshaping the Future of Human-Computer Interaction

Recent breakthroughs in generative AI have enabled AI avatars to not only possess lifelike appearances but also speak naturally and fluently. This technology, incorporating cutting-edge speech synthesis and facial expression generation capabilities, is rapidly blurring the lines between the digital and physical worlds, propelling AI from a behind-the-scenes tool to a direct conversational partner with humans. The emergence of these AI avatars marks a crucial step in the convergence of generative AI technologies. By seamlessly integrating highly realistic facial animation with natural speech synthesis, these avatars offer unprecedented potential for revolutionizing communication and interaction.

IBM Unveils z17 Mainframe: Capable of 450 Billion AI Inferences Daily, 50% Performance Boost

IBM on Monday launched its latest mainframe hardware, the IBM z17. This fully encrypted mainframe, powered by the IBM Telum II processor, is designed for over 250 AI use cases, including AI agents and generative AI applications. While mainframes may be considered legacy technology by some, 71% of Fortune 500 companies still use them, according to sources. According to market research firm Market Research Future, by 2024...

IDC: China's AI Investment to Exceed $100 Billion by 2028

International Data Corporation (IDC) released the "Worldwide Artificial Intelligence and Generative AI Spending Guide," projecting that China's total AI investment will surpass $100 billion by 2028, with a compound annual growth rate (CAGR) of 35.2%. According to IDC, global spending on AI IT is expected to reach $3,158 billion in 2024 and $8,159 billion by 2028, representing a CAGR of 32.9%. In the generative AI sector, the global market is expected to grow significantly over the next five years.