Alibaba’s international e-commerce unit is leveraging generative AI tools for translation, content creation, and product returns. VP Kaifu Zhang expresses optimism in AI’s potential despite China-U.S. tensions. The unit, with 300 million consumers and over one million merchants globally, has seen significant growth with earnings increasing by 44% in the last quarter.
Alibaba bets on gen AI tools for overseas merchants, executive says
ET Explainer: Cloudflare's new tool aims to block AI bots from scraping website content
Cloudflare has introduced a new tool to block AI bots from scraping website content. The tool aims to protect content publishers from unauthorized use of their works to train AI models. Find out more about how this tool works and why it’s important.
Helium secures pre-seed funding Led by Merak Ventures to help ecommerce with advanced AI technologies
The rapid growth of online commerce requires superior storefront experiences to strengthen brand positioning and enhance top-line performance. Helium addresses this need by integrating advanced product and visitor intelligence into ecommerce platforms, facilitating seamless digital product purchasing experiences.
Adda247 acquires CA test preparation firm Ekagrata Eduserv
Adda247 said in a statement, “This acquisition is expected to significantly expand Adda247’s user base, which currently has 40 million monthly users.” The company did not disclose the financial details of the deal. Adda247 provides courses in 12 regional languages and plans to extend its reach to two-three more states and languages this year.
Samsung Electronics wins cutting-edge AI chip order from Japan's Preferred Networks
Samsung Electronic said in a statement the chip will be made using high-tech chip architecture known as gate all-around (GAA) and multiple chips will be integrated in one package to enhance inter-connection speed and reduce size.
Schoolnet acquires Housing.com cofounder's edtech startup Genius Teacher
Amid consolidation in the sector, Housing.com cofounder Advitiya Sharma’s edtech startup Genius Teacher, a quiz-based e-learning platform focussed on the K-12 category, was acquired by Schoolnet. The segment has seen multiple deals over the past year. Genius Teacher has raised nearly $3 million since inception.
ET Infographic: Global GenAI gold rush
The generative AI boom has led to the creation some of the biggest tech companies in the past few years. For example, OpenAI, the company behind the viral ChatGPT, is the world’s most valuable startup with a market cap of $86 billion. Chipmakers like Nvidia have also enjoyed the GenAI boost.
Ghosts in the machine: Peril of hallucinations in GenAI chatbots
Hallucinations are a big issue while deploying GenAI-based chatbots. Hallucination is a phenomenon where an AI chatbot offers factually incorrect information in response to a question. How are companies navigating its pitfalls?
Medtech firm Medikabazaar rejigs top deck as PwC audit spots issues
Medikabazaar undergoes management reshuffle with CEO stepping down amid financial discrepancies. Investors demand audits and CEO transitions become a trend in B2B startups. Scrutiny reveals wrong accounting practices in the industry.