Alibaba International Station Launches AI Procurement Assistant 'Smart Assistant'


AI unicorn DeepSeek has launched its first external fundraising round, targeting a valuation over $20 billion, with Tencent and Alibaba expressing interest. Despite relying on founder Liang Wenfeng's quantitative trading funds and having no urgent need for capital, the move aims to retain key talent through equity incentives amid recent departures of core members like R1 paper author Guo Daya and researcher Wang Bingxuan.....
Singapore is transforming from a traditional East-West gateway into a 'neutral zone' for AI, attracting global top firms to avoid geopolitical risks. For Chinese startups, it offers access to international markets with reduced political bias; for US companies, it serves as a key base to bypass talent restrictions and attract global talent, highlighting its strategic hub role in tech competition.....
Tencent and Alibaba are competing to invest in the new round of financing for domestic large model company DeepSeek, pushing its valuation target from $10 billion to over $20 billion. Previously, DeepSeek sought to raise $300 million at a $1 billion valuation, and the market's premium expectations for leading independent model vendors have significantly increased. The company is expected to release its new generation model, DeepSeek v4, this month.
Alibaba's secretly developed multimodal large model HappyHorse topped international evaluations, setting a new global video generation Elo record with 1332 points, causing its H-shares to rise nearly 3% at the morning market opening.
The domestic multimodal model HappyHorse-1.0 reached the top with 1332 points in the text-to-video evaluation, leading ByteDance's model by nearly 60 points. Its first follower on the overseas social media account is Alibaba, indicating its development background.