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Doubao recently released a series of updates to its large models. Doubao 1.5 Deep Thinking model and Doubao Text-to-Image 3.0 model are now officially available via Volcano Engine's open APIs for developers and enterprise clients. These two models have achieved industry-leading performance in both reasoning and general tasks, and have made significant progress in visual reasoning and image generation.

Recently, American consulting firm Bain & Co announced it will expand its partnership with OpenAI, focusing on selling AI tools, including ChatGPT, to its clients. Last year, the two companies established a global services alliance aimed at helping Bain's clients better understand OpenAI's technology. Image credit: The image was generated by AI, authorized by image service provider Midjourney. Bain's headquarters is located in Boston and currently serves its global employees.

Boston-based startup Smartcat has raised $43 million in Series C funding to advance its AI translation platform. Founded just six years ago, Smartcat has served over 1,000 enterprises, including 20% of the Fortune 500 companies. Co-founder and CEO Ivan Smolnikov, a former physicist, aims to disrupt the traditional translation model by providing efficient multilingual content processing. The Smartcat platform supports translation in 280 languages and uses a 'matching engine'.

TikTok pays Microsoft nearly $20 million monthly to access OpenAI's artificial intelligence models via Microsoft's cloud services, bringing approximately $1 billion in annual revenue to Microsoft's cloud division and highlighting the value of AI services in the tech industry. Should TikTok develop its own large language model, it may reduce its reliance on Microsoft's services. OpenAI previously suspended ByteDance's account to investigate whether it violated developer agreements. As OpenAI's exclusive cloud service provider, Microsoft has invested significant resources to support its models, such as ChatGPT.

On July 10th, Baidu's share price in the Hong Kong stock market started strong, with a significant increase after the opening. According to the latest reports, Baidu's share price surged by over 11%, reaching a high of 95 Hong Kong dollars. At the same time, Baidu's performance in the US stock market was also robust, with its share price rising by 8.47% at the close, ending at 95.4 US dollars.Behind this rise in share price, a series of positive news has been supporting it. Baidu's Intelligent C

InssentAI provides legal assistance through AI, enabling lawyers to offer free legal consultations. The AI efficiently conducts legal research and generates legal documents, enhancing productivity. AI cannot fully replace lawyers; it is merely a new supportive tool. InssentAI aims to create a virtual law firm with AI at the front end and real lawyers at the back end in the future. InssentAI is currently in its early stages of monetization, generating revenue through subscription models and referral fees.

OpenAI has launched a new copyright protection program called 'Copyright Shield' that will provide copyright infringement defense for clients. This program primarily targets the features of the OpenAI Developer Platform and ChatGPT Enterprise users, excluding free and Plus versions of ChatGPT. OpenAI will cover legal fees incurred by clients in response to intellectual property disputes through this program, but it has not yet clarified whether it will provide compensation for training data. OpenAI stated that built-in copyright protection measures are in place to protect clients, and this move resonates with...

Hive AI is a software company that uses artificial intelligence to manage digital content and is seeking $200 million in funding. Hive AI's valuation is expected to exceed the company's 2021 valuation of $2 billion, potentially approaching $4 billion. Hive AI's content moderation services have already been utilized by several clients, including Visa, Netflix, and Reddit.