Connect with us

Tools & Platforms

AI role key in stimulating consumption

Published

on


Fast-evolving artificial intelligence is expected to foster new consumption growth drivers and inject strong impetus into China”s consumer market as this cutting-edge digital technology is spearheading a technological revolution and industrial transformation to drive economic growth, said experts and company executives.

They said that commercial use of AI in e-commerce and home appliances will not only improve the consumer shopping experience and merchants’ operational efficiency, but also create new consumption scenarios and bolster product sales.

Their comments came as a State Council executive meeting in July approved a guideline on implementing the “AI Plus” initiative, calling for vigorously advancing the large-scale commercial application of AI and boosting its accelerated popularization and deep integration across various fields of economic and social development.

Major e-commerce platforms are scrambling to leverage AI-powered virtual hosts in livestreaming sessions to introduce products and spur purchases. These virtual hosts can mimic human facial expressions and movements, and interact naturally with consumers while promptly answering their queries.

A digital human mimicking Liu Qiangdong, Chinese e-commerce giant JD’s founder, appeared in the company’s livestreaming rooms to promote a variety of merchandise, including meats, edible oils, eggs, milk, air conditioners and TV sets.

The AI anchor almost perfectly replicated Liu’s expressions, body language, gestures, voice and accent. His avatar generated over 20 million views within the first hour and raked in 50 million yuan ($6.96 million) in sales throughout the real-time broadcast session.

Tmall, Alibaba Group’s business-to-customer e-marketplace, offers consumers personalized guidance and advice with its AI-powered customer service chatbots, while online discounter PDD Holdings uses AI tools to analyze market trends and optimize sales strategies.

“The use of AI-powered virtual hosts in e-commerce livestreaming can bring a feeling of freshness to users, while brand owners can attract new consumers via this innovative method,” said Mo Daiqing, a senior analyst at the Internet Economy Institute, a domestic consultancy.

Mo said AI will change the way people purchase by providing interactive shopping experiences and promoting the digital transformation of traditional retailers.

“It is vital that Chinese retailers deepen their customer engagement. AI tools can energize customer retention efforts, enabling e-commerce players to hyperpersonalize their engagement with consumers and create bespoke shopping experiences for them,” said James Yang, head of consulting firm Bain & Company Greater China’s retail practice.

Meanwhile, leading consumer electronics and home appliance makers are racing to incorporate AI technology into manufacturing, products and services. Zhou Yunjie, chairman and CEO of Haier Group, said, “At present, the deployment of AI in enterprises mainly concentrates on manufacturing, research and development, sales, procurement and services.”

Zhou said the integration of AI models with home service robots and terminal devices will create new growth drivers for the global consumer electronics industry, adding that his company has promoted the application of AI in a wide range of fields like smart homes and industrial internet.

Hisense Group said its Xinghai large language model has a deep integration with Chinese AI startup DeepSeek, and with enhanced deep thinking and reasoning abilities, its smart TVs could better understand user demands.

The rise of AI technology will offer better human-machine interaction capacities and boost the intelligent transformation of the home appliances sector, while unleashing consumption potential, said Liu Fei, research director of the consumer electronics department at Beijing-based market consultancy All View Cloud.

Hong Yong, an associate research fellow at the Chinese Academy of International Trade and Economic Cooperation, said the new type of consumption is mainly driven by technological advancements in AI, with a focus on consumers’ personalized and diversified needs.

“Nurturing an AI-driven new consumption model is pivotal to expanding domestic demand, driving industrial upgrades and promoting high-quality economic growth,” Hong said.

 



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Tools & Platforms

US Tech Giants Invest $40B in UK AI Amid Trump Visit

Published

on

By


In a bold escalation of the global artificial-intelligence arms race, major U.S. technology companies are committing tens of billions of dollars to bolster AI infrastructure in the United Kingdom, coinciding with President Donald Trump’s state visit this week. Microsoft Corp. has announced a staggering $30 billion investment over the next few years, aimed at expanding data centers, supercomputing capabilities, and AI operations across the U.K., marking what the company describes as its largest-ever commitment to the region.

This influx of capital underscores a strategic pivot by tech giants to secure a foothold in Europe’s AI ecosystem, where regulatory environments and talent pools offer unique advantages. Nvidia Corp., a leader in AI chip technology, is also part of this wave, with plans to contribute significantly to the overall tally exceeding $40 billion, as reported by CNBC. The investments are expected to fund everything from advanced hardware to research initiatives, potentially transforming the U.K. into a premier hub for AI innovation.

The Strategic Timing Amid Geopolitical Shifts

Google’s parent company, Alphabet Inc., has pledged £5 billion ($6.8 billion) specifically for AI data centers and scientific research in the U.K. over the next two years, a move that could create thousands of jobs and add hundreds of billions to the economy by 2030. This comes alongside Microsoft’s push to build the country’s largest supercomputer, highlighting how these firms are not just investing capital but also exporting cutting-edge technology to address global AI demands.

Industry analysts note that the timing aligns with Trump’s visit, which is anticipated to foster stronger U.S.-U.K. tech ties post-Brexit. According to details from Tech.eu, Google’s commitment includes expanding facilities like the Waltham Cross data center, while Nvidia’s involvement focuses on chip manufacturing and AI model training, potentially accelerating developments in sectors from healthcare to finance.

Economic Impacts and Job Creation Projections

These announcements build on a broader trend where tech megacaps have already poured over $300 billion into AI globally this year alone, as outlined in a February report from CNBC. In the U.K., the combined investments are projected to generate more than 8,000 jobs annually, with Alphabet’s portion alone expected to add 500 roles in engineering and research, per insights from Tech Startups.

Beyond immediate employment boosts, the funds aim to enhance the U.K.’s sovereign AI capabilities, including a £500 million allocation for initiatives like SovereignAI, as highlighted in posts on X from industry figures. This could position the U.K. to compete with AI powerhouses like the U.S. and China, though challenges remain in talent retention amid a global war for AI experts, where top hires command multimillion-dollar packages.

Challenges in the Talent and Infrastructure Race

The talent crunch is acute; tech companies are battling for scarce expertise, with compensation packages soaring into the millions, according to a recent analysis by CNBC. In the U.K., investments like Microsoft’s $30 billion pledge, detailed in GeekWire, include training programs to upskill local workers, but insiders warn that brain drain to Silicon Valley could undermine long-term gains.

Moreover, the scale of these commitments dwarfs previous government efforts; for instance, the U.K.’s own £2 billion AI action plan pales in comparison, as noted in earlier X discussions on funding disparities. Yet, with private sector muscle from firms like Microsoft and Nvidia, the U.K. could leapfrog in AI infrastructure, provided regulatory hurdles don’t stifle progress.

Future Implications for Global AI Dominance

As these investments unfold, they signal a deeper integration of AI into critical sectors, potentially adding £400 billion to the U.K. economy by decade’s end. Reports from The Guardian emphasize that tech giants have already outspent governments on AI this year, raising questions about public-private power dynamics.

For industry insiders, this U.K. push represents a microcosm of the broader AI gold rush, where speed and scale determine winners. While risks like energy demands and ethical concerns loom, the momentum from these billions could redefine technological sovereignty in the post-pandemic era.



Source link

Continue Reading

Tools & Platforms

AI data provider Invisible raises $100M at $2B+ valuation

Published

on


Invisible Technologies Inc., a startup that provides training data for artificial intelligence projects, has raised $100 million in funding.

Bloomberg reported today that the deal values the company at more than $2 billion. Newly formed venture capital firm Vanara Capital led the round with participation from Acrew Capital, Greycroft and more than a half dozen others.

AI training datasets often include annotations that summarize the records they contain. A business document, for example, might include an annotation that explains the topic it discusses. Such explanations make it easier for the AI model being trained to understand the data, which can improve its output quality.

Invisible provides enterprises with access to experts who can produce custom training data and annotations for their AI models. Those experts also take on certain other projects. Notably, they can create data for RLHF, or reinforcement learning from human feedback, initiatives. .

RLHF is a post-training method, which means it’s used to optimize AI models that have already been trained. The process involves giving the model a set of prompts and asking human experts to rate the quality of its responses. The experts’ ratings are used to train a neural network called a reward model. This model, in turn, provides feedback to the original AI model that helps it generate more useful prompt responses. 

Invisible offers a tool called Neuron that helps customers manage their training datasets. The software can combine annotated data with external information, including both structured and structured records. It also creates an ontology in the process. This is a file that explains the different types of records in a training dataset and the connections between them.

Another Invisible tool, Atomic, enables companies to collect data on how employees perform repetitive business tasks. The company says that this data makes it possible to automate manual work with AI agents. Additionally, Invisible offers a third tool called Synapse that helps developers implement automation workflows. 

“Our software platform, combined with our expert marketplace, enables companies to organize, clean, label, and map their data,” said Invisible Chief Executive Officer Matthew Fitzpatrick. “This foundation enables them to build agentic workflows that drive real impact.”

Today’s funding round follows a period of rapid growth for the company. Between 2020 and 2024, Invisible’s annual revenue increased by a factor of over 48 to $134 billion. This year, the data provider doubled the size of its engineering group and refreshed its leadership team.

Invisible will use the new capital to enhance its software tools. The investment comes amid rumors that a competing provider of AI training data, Surge AI Inc., may also raise funding at a multibillion-dollar valuation

Image: Invisible 

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.

About SiliconANGLE Media

SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.



Source link

Continue Reading

Tools & Platforms

Anthropic Taps Higher Education Leaders for Guidance on AI

Published

on


The artificial intelligence company Anthropic is working with six leaders in higher education to help guide how its AI assistant Claude will be developed for teaching, learning and research. The new Higher Education Advisory Board, announced in August, will provide regular input on educational tools and policies.

According to a news release from Anthropic, the board is tasked with ensuring that AI “strengthens rather than undermines learning and critical thinking skills” through policies and products that support academic integrity and student privacy.

As teachers adapt to AI, ed-tech leaders have called for educators to play an active role in aligning AI to educational standards.


“Teachers and educators and administrators should be in the decision-making seat at every critical decision-making point when AI is being used in education,” Isabella Zachariah, formerly a fellow at the U.S. Department of Education’s Office of Educational Technology, said at the EDUCAUSE conference in October 2024. The Office of Educational Technology has since been shuttered by the Trump administration.

To this end, advisory boards or councils involving educators have emerged in recent years among ed-tech companies and institutions seeking to ground AI deployments in classroom experiences. For example, the K-12 software company Otus formed an AI advisory board earlier this year with teachers, principals, instructional technology specialists and district administrators representing more than 20 school districts across 11 states. Similarly, software company Frontline Education launched an AI advisory council last month to allow district leaders to participate in pilots and influence product design choices.

The Anthropic board taps experts in the education, nonprofit and technology sectors, including two former university presidents and three campus technology leaders. Rick Levin, former president of Yale University and CEO of Coursera, will serve as board chair. Other members include:

  • David Leebron, former president of Rice University
  • James DeVaney, associate vice provost for academic innovation at the University of Michigan
  • Julie Schell, assistant vice provost of academic technology at the University of Texas at Austin
  • Matthew Rascoff, vice provost for digital education at Stanford University
  • Yolanda Watson Spiva, president of Complete College America

The board contributed to a recent trio of AI fluency courses for colleges and universities, according to the news release. The online courses aim to give students and faculty a foundation in the function, limitations and potential uses of large language models in academic settings.

Schell said she joined the advisory board to explore how technology can address persistent challenges in learning.

“Sometimes we forget how cognitively taxing it is to really learn something deeply and meaningfully,” she said. “Throughout my career, I’ve been excited about the different ways that technology can help accentuate best practices in teaching or pedagogy. My mantra has always been pedagogy first, technology second.”

In her work at UT Austin, Schell has focused on responsible use of AI and engaged with faculty, staff, students and the general public to develop guiding principles. She said she hopes to bring the feedback from the community, as well as education science, to regular meetings. She said she participated in vetting existing Anthropic ed-tech tools, like Claude Learning mode, with this in mind.

In the weeks since the board’s announcement, the group has met once, Schell said, and expects to meet regularly in the future.

“I think it’s important to have informed people who understand teaching and learning advising responsible adoption of AI for teaching and learning,” Schell said. “It might look different than other industries.”

Abby Sourwine is a staff writer for the Center for Digital Education. She has a bachelor’s degree in journalism from the University of Oregon and worked in local news before joining the e.Republic team. She is currently located in San Diego, California.





Source link

Continue Reading

Trending