ByteDance released Doubao-1.5-pro, an upgrade to its flagship AI model, which it claims outperforms OpenAI's o1 in AIME.

TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI models capable of tackling complex problems.

DeepSeek, an AI platform founded by Liang Wenfeng, surpasses ChatGPT as the most downloaded free app in the U.S., impacting major technology stocks. F

Meta and other AI competitors are facing challenges from China's DeepSeek as its new AI model outperforms competitors at lower costs.

Founded just 20 months ago in Alibaba’s home city of Hangzhou, DeepSeek has upended the industry with its low-cost, high-performance AI models. The pressure is now on established players like Alibaba,

DeepSeek, now with models that rival the best of the West, has set the stage for a global war in AI inference pricing that is only now becoming clear to the world.

“Qwen 2.5-Max outperforms … almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B,” Alibaba’s cloud division reportedly announced via WeChat, comparing its model to those from OpenAI and Meta.

Perplexity AI made changes to its merger proposal with ByteDance, the parent company of TikTok, on Sunday.  TakeAway Points: Perplexity AI revised the merger proposal it had submitted to TikTok parent ByteDance.

ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

Chinese e-commerce giant Alibaba has launched a new version of its artificial intelligence model, Qwen 2.5-Max, claiming it surpasses leading competitors, including its domestic rival DeepSeek, which has been making waves in the AI sector.

Alibaba’s multimodal AI Qwen-VL ((the top model before the Max) now costs $0.41 per million input tokens (matching ByteDance’s recently released model, also at $0.41 per million input tokens). Comparing this time to OpenAI’s GPT-4.o, priced at $2.50 ...