Tech unicorn’s cloud computing unit Volcano Engine is recruiting senior specialists for its foray into humanoid robot development.

The privately held company has reached a valuation of $15 billion, as Liang wants to push the boundaries of technology.

BEIJING - With booming artificial intelligence (AI) industry development, China is now home to more than one-third of the world's AI large language models, said a whitepaper released Tuesday in Beijing. The number of AI large language models worldwide has reached 1,328, with 36 percent from China, the second-largest proportion only after the US.

Kirk Sigmon and Hengyi Jiang of Banner & Witcoff Ltd. examine recent policy shifts in both China and the U.S. that signal a greater openness to AI-related patents, creating a more favorable environment for inventors.

China's Pony.ai on Thursday saw its shares drop over 12%, while rival WeRide fell nearly 8% as the autonomous driving companies began trading in Hong Kong. Pony.ai and WeRide, which are already listed in the U.S., raised 6.71 billion Hong Kong dollars (about $860 million) and HK$2.39 billion, respectively in their initial public offerings.