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10.02.26 - 15:06
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China′s ByteDance, Alibaba unveil AI image tools to rival Google′s popular Nano Banana (SCMP)
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TikTok parent ByteDance has unveiled its latest generative artificial intelligence image model that it says undercuts the popular Nano Banana image editor from Alphabet's Google, a fresh development that comes as China and the US intensify their AI competition.
ByteDance's new image model faced immediate competition from Alibaba Cloud, which also released its latest image-generation model, Qwen-Image-2.0, on Tuesday.
Chinese short-video giant ByteDance said its Seedream 5.0 image model ships......
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10.02.26 - 13:33
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Struggling AI Startups Kept Afloat Despite Never Becoming Profitable (ZeroHedge)
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Struggling AI Startups Kept Afloat Despite Never Becoming Profitable
Authored by Autumn Spredemann via The Epoch Times (emphasis ours),
For years, artificial intelligence (AI) startups have been pitched as the vehicles of the next productivity boom.
But as product delivery lags behind the hype, some AI companies are slipping into a quieter, more troubling category: startups that are functional but no longer viable.
Illustration by The Epoch Times, Shutterstock
Economists and financial institutions describe these firms as “zombie” companies—businesses that can't cover their debt, operating costs, or generate sufficient returns, yet continue to survive through repeated injections of fresh capital, debt restructuring, or investor reluctance to accept losses.
Venture capital, financial, and AI insiders say that signs of these zombie companies are increasingly visible in the AI startup community.
AI and machine learning venture capital deals accounted for more than 65 percent of all U.S. ve...
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