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Leadership Changes at Xiaomi: Ma Ji and Yan Kesheng Step Down as VPs – Pandaily

According to the Chinese media platform “Shixiang”, Xiaomi Group’s Vice President Ma Ji has recently stepped down from his position. Inside sources have revealed that Ma Ji’s personal profile on the collaboration platform Lark now indicates a “resigned” status, and the same also applies to another Vice President of Xiaomi Group, Yan Kesheng. Just a […]

The First Day of Nano Search’s Launch Had Over 1 Million Visits – Pandaily

On the evening of November 27th, 360 Group officially launched a new multimodal content creation engine – Nano Search. Starting from search, it has built a complete workflow with ‘search-learn-write-create’ as its core capability. It not only subverts the traditional web search model but also surpasses answer engines represented by Perplexity AI and 360AI Search. […]

Global Voices on openEuler: Bridging Open Source, AI, and International Collaboration – Pandaily

The open-source operating system openEuler has established itself as a major force in global digital infrastructure, showcasing a unique blend of innovation, adaptability, and collaboration. At the openEuler Summit 2024 held on November 15th and 16th in Beijing, the platform celebrated a monumental achievement: surpassing 10 million installations globally in just five years. Themed “Igniting […]

Moonshot AI and Tsinghua University Launch Open-Source Mooncake Project – Pandaily

On November 28, Moonshot AI and Tsinghua University’s MADSys Lab jointly released the design scheme for the Mooncake inference system at the core of Kimi in June 2024. The system, based on PD separation centered around KVCache and storage-computing architecture, has improved the throughput of inference. To further accelerate the application and promotion of this […]

ATRenew Posts Record Profit in Q3 2024 as Diversification and Self-operated Retailing Drive Growth – Pandaily

November 20, Beijing – ATRenew (NYSE: RERE), a leading platform for pre-owned consumer electronics transactions and services, announced its Q3 2024 financial results, showcasing robust growth and operational milestones. Total revenues reached RMB 4.05 billion ($560 million), a 24.4% year-over-year increase, while non-GAAP operating profit exceeded RMB 104 million ($14.8 million) for the first time. […]

Haomo.AI Responds to Layoffs: Normal Organizational Adjustment – Pandaily

Haomo.AI has started layoffs in the past two weeks, with specific numbers unknown, and will compensate laid-off employees according to the ‘N+1’ standard. Regarding this, Haomo.AI responded today: ‘Haomo.AI is currently undergoing normal organizational adjustments based on business development, focusing on core business and customer delivery, reducing costs and increasing efficiency, continuously improving operational efficiency, […]

Zhipu AI and Doushen Education Establish Joint Venture Company for AI Education Products – Pandaily

According to Chinese company profile platform Tianyancha, on November 12th, Dou Shen Education Technology (Beijing) Co., Ltd. (Dou Shen Education, 300010.SZ) and Beijing Zhipu Huazhang Technology Co., Ltd. and other companies established Beijing Dou Shen Zhichuang Technology Co., Ltd. This joint venture, primarily owned by Doushen Education, focuses on software and information technology services with […]

ByteDance’s Video Generation Model PixelDance to be Launched Ahead of OpenAI’s Sora – Pandaily

According to the Chinese media Jiemian, ByteDance will soon launch a video generation model called PixelDance, ahead of Sora. ByteDance has been active in the field of large models. On September 24th, the company simultaneously released two large models, PixelDance and Seaweed, for video generation, and conducted a small-scale invitation test for creators and corporate […]