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Recently, the 12th China Network Audio-Visual Conference was grandly opened in Chengdu, Sichuan. At the conference, Chen Rui, Chairman and CEO of Bilibili (Bilibili), delivered a keynote speech titled "High-Quality Content in the AI Era," sharing his insights on content creation in the new era.

AI tycoon Chen Tianshi, co-founder of chip company Cambricon Technologies, saw his net worth skyrocket to $10 billion in 2024. This surge is attributed to Cambricon's stock price, which skyrocketed by 500% shortly after its listing in Shanghai. Despite this, market analysts remain cautious about the company's future stock performance. As of January 15, 2024, the market capitalization of Cambricon Technologies reached 291 billion RMB (approximately $40 billion), making it a major player in China's ChiNext market.

According to reports from Blue Whale Finance, Chen Zhijie, the head of algorithms for ByteDance's TikTok, is set to leave the company and has begun preparing a startup project related to artificial intelligence, focusing on AI Coding. Sources reveal that Chen is currently in talks with investors to advance his entrepreneurial plan. Image source note: Image generated by AI, image authorized by service provider Midjourney. Chen Zhijie joined ByteDance in April 2022 as Senior Technical Director, primarily responsible for TikTok's recommendation algorithms.

Bilibili released its financial report for the second quarter of 2024, showing a total net revenue of 6.127 billion yuan, a year-on-year increase of 16%. The net loss narrowed to 608 million yuan, while the adjusted net loss under non-GAAP was 271 million yuan, a 72% year-on-year decrease. Advertising business saw significant growth, surpassing 2 billion yuan for the first time, accounting for one-third of total revenue. The average user age is 25, with growing consumption demand. Chen Rui pointed out that the platform's traffic is increasing, user commercial value is being released, and high-quality AI content is attracting users, with over 80 million users browsing related content each month. Bilibili has already gathered...

Recently, the Lu Chen Open-Sora team achieved breakthrough progress in 720p HD video quality and generation speed. They not only made headlines with their advancements in 720p HD video quality and generation time but also open-sourced this technology, causing a sensation in the entire community!