#crypto2023 news update :

📢 Exciting News!

Joseph Tsai, co-founder and EVP of #Alibaba , will become the new Chairman. A crypto enthusiast and investor, Tsai has been with Alibaba since its inception and believes in #blockchains potential. His appointment signals Alibaba's commitment to innovation and growth.

Congrats, Joseph Tsai! 🎉

#opbnb #zachxbt $BTC

$ETH $ADA

In a notable leadership shuffle, #Alibaba has thrust crypto enthusiast Joseph Tsai into the spotlight, signaling a potential shift towards embracing the cryptocurrency frontier. Tsai, known for his keen interest and understanding of the crypto space, has assumed a prominent role within the tech giant, fueling speculation about Alibaba's future involvement in the world of digital assets.

As Alibaba continues to evolve and explore new avenues of growth, Tsai's appointment highlights the company's recognition of the transformative potential of cryptocurrencies and blockchain technology. With his deep knowledge and passion for the crypto industry, Tsai brings a unique perspective that could steer Alibaba towards embracing cryptocurrencies as a part of its strategic vision.

The move comes at a time when cryptocurrencies are gaining increased mainstream attention and adoption. The potential integration of crypto-related technologies and services within Alibaba's expansive ecosystem could pave the way for innovative solutions, improved financial inclusivity, and enhanced transactional efficiency.

Tsai's appointment has sparked excitement among crypto enthusiasts and industry observers, who believe that his presence within Alibaba's leadership will accelerate the company's exploration of blockchain-based solutions and digital assets. The move also sends a positive signal to the broader business community about the legitimacy and potential of cryptocurrencies in traditional corporate settings.

While specific plans and initiatives remain undisclosed at this stage, the inclusion of a crypto enthusiast like Tsai in a prominent position is a clear indication of Alibaba's interest in leveraging the power of cryptocurrencies. It signifies a recognition of the disruptive nature of blockchain technology and the immense possibilities it holds for revolutionizing various industries.

As the crypto space continues to evolve and gain mainstream acceptance, it is crucial for established players like Alibaba to actively explore and adapt to these emerging trends. Tsai's passion for crypto and his deep understanding of its potential implications position Alibaba favorably to capitalize on the opportunities presented by the crypto frontier.

To stay updated on Alibaba's journey into the world of cryptocurrencies and blockchain technology, as well as other significant developments in the crypto industry, follow #Cryptogeeks . Our platform provides valuable insights, news, and educational resources to keep you informed and empowered in the ever-changing crypto landscape.

By embracing the crypto frontier, Alibaba has the potential to shape the future of digital finance and redefine the boundaries of technological innovation. With Joseph Tsai at the helm, the company is poised to navigate the exciting and transformative world of cryptocurrencies, driving progress and creating new possibilities within the industry.

#GOATMoments BNB Chain has announced the launch of the BNB Chain Hackvolution event. The event is focused on encouraging innovation and development in infrastructure-related projects, with a particular emphasis on opBNB and BNB Greenfield.

Through this hackathon initiative, BNB Chain is encouraging projects in a number of areas of interest, including opBNB projects using Rust and Erigon, projects focusing on interoperability within BNB Chain, migration tooling from other decentralized storage systems, and blockchain of things projects that are building an IoT historic or archive on #BNB Greenfield. The aim is to encourage innovation and creativity across the board.

The event is open to anyone interested in infrastructure, DeFi, gaming, or AI, and provides an opportunity to explore, innovate, and make a lasting impact. With exciting prizes and valuable benefits on offer, the top projects will be selected based on technical innovation, business model, and team expertise. The event is supported by industry trailblazers and leaders such as COMBO, CyberConnect, Hooked Protocol, #Alibaba Cloud, Google Cloud, and Ultiverse.

DoraHacks is the main event organizer and partner, with generous rewards including cash prizes, marketing packages, participation in the $BNB Chain’s Gas Grant program, and discounted access to essential tools and services up for grabs. Partners such as Foresight X, BSC Daily, Trust Wallet, BSCScan, ChainIDE, #BSCNEWS , and OpenBuild will also be helping to provide more exposure to participants. This is a great opportunity to gain recognition, network with industry experts, and propel your project to new heights.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.#Binanceturns6

In the arena of artificial intelligence (AI), which has become the new battleground of global technological competition, Chinese tech giants are making rapid strides, showcasing ambitious strategies on the world stage. These giants aim to challenge their Western counterparts by developing original and innovative AI models, intensifying competition on a global scale. Leading Chinese companies like Tencent and Alibaba are making aggressive moves in various sectors such as gaming, social media, cloud computing, and fintech.

Tencent's Hunyuan Model: A New Player in China's AI Race

Tencent, the tech giant based in Shenzhen, has announced plans to introduce its unique foundational AI model called "Hunyuan" to make its mark on the global AI race. Tested in diverse sectors like gaming, advertising, cloud computing, and fintech, Hunyuan aims to become one of China's leading AI models. Tencent executives highlight the progress made with Hunyuan in productive AI and other applications, emphasizing China's capabilities in this field. #Tencent

Alibaba's Move: Open Source AI Models

E-commerce behemoth Alibaba also stands out as an ambitious player in China's AI race. The company has released open-source AI models Qwen-7B and Qwen-7B-Chat, offering them for free to global developers and researchers. This move serves as a response to Western rivals' models like Meta's Llama 2 and OpenAI's ChatGPT 3.5. Alibaba has taken a bold step by providing its models with licensing requirements for companies with large user bases. #Alibaba

China's AI Goals and Global Competition

The Chinese government encourages domestic tech companies to develop "controllable" and productive AI models that can compete with Western rivals. According to estimates by PricewaterhouseCoopers, artificial intelligence could contribute over $15 trillion annually to the economy by 2030. Tencent views AI as an "accelerator of growth" and is taking significant steps in that direction. Other tech giants like Huawei are also mobilizing resources to develop original productive AI.

Global Competition and Future Perspective

The competition between China and the United States is evident in the field of AI as well. Developments such as restrictions on the export of AI chips and significant GPU purchases intensify this rivalry. However, Chinese tech giants demonstrate their determination to maintain superior AI capabilities, indicating how fierce future competition might become.

In Summary

The rapid rise of China's tech giants in the realm of AI is reshaping global dynamics. Tencent's Hunyuan model and Alibaba's open-source models showcase China's AI capabilities. These developments suggest that China will further strengthen its position in the global AI race and that the competition will become even more intense. #China #AI

The partnership will offer multi-chain indexing to provide data-query API to developers.

The NEAR Foundation, the non-profit behind the ecosystem development of the NEAR protocol, is joining with Alibaba Cloud, the Chinese tech giant’s arm for computing and storage, to accelerate Web3 growth in Asia and the Middle East, the organization said Monday.

The partnership grants the NEAR Foundation access to #Alibaba Cloud's developer ecosystem across Asia and the Middle East in a bid to attract more developers to build on the NEAR protocol, said the company in conversation with CoinDesk. Developers that want to launch new NEAR validators will be able to do so with Alibaba Cloud’s "plug-and-play" infrastructure as a service.

The NEAR Foundation and Alibaba Cloud will offer remote procedure calls (RPC) as a service to developers and users in the NEAR ecosystem, a press release said. RPC is a type of computer server that allows users to read data on blockchains and send transactions to different networks. It will also offer multi-chain indexing to provide data-query application programming interface (API) to developers.

Users will also be able to use the NEAR Blockchain Operating System (BOS), a platform it launched earlier in the year that allows developers to build into and interact with other users, while using Alibaba Cloud’s infrastructure.

The price of #NEAR jumped 8% to $1.57 on Monday after the Alibaba announcement.

This comes as Alibaba recently announced the hiring of its new Chairman, Joseph Tsai, who has been an active #Web3.0 investor and has signed multiple deals with crypto-related entities.

“The NEAR Foundation and Alibaba Cloud partnership is an important one as we continue to support Web3 developers to explore opportunities,” said Raymond Xiao, head of international Web3 solutions at Alibaba Cloud Intelligence.

“It is also significant for developers and validators in the Asian markets, as they can leverage Alibaba Cloud’s comprehensive infrastructure in Asia.”

source: coindesk

image source: AI

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Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.