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Binance Ends Support for BUSD Stablecoin: What It Means for Users and the Future of Stablecoins

Binance, one of the largest cryptocurrency exchanges in the world, has made the decision to end support for its Binance USD (BUSD) stablecoin. This move comes after Paxos, the company responsible for minting new BUSD coins, announced that it would be halting its operations. The transition is set to take place on December 15th, and it will have significant implications for users of the BUSD stablecoin. Automatic Conversion to First Digital USD Starting on December 31st, many users' BUSD balances on Binance will be automatically converted into First Digital USD. This conversion will take place seamlessly, and users will not be required to take any action. The transition is designed to ensure a smooth and uninterrupted experience for BUSD users. Implications for BUSD Users While the automatic conversion should minimize any disruption for BUSD users, it is important for them to be aware of the implications of this change. Once their BUSD balances are converted into First Digital US

# Baidu Unveils Ernie 4.0: A Game-Changing AI Model to Enhance User Experience

d former CEO of Alibaba. While Baidu and Alibaba are both formidable players in the Chinese tech industry, their approaches to AI differ significantly.

Baidu's announcement of Ernie 4.0 showcases the company's commitment to advancing its AI capabilities. With comprehensive upgrades to its core abilities in understanding, generation, reasoning, and memory, Ernie 4.0 aims to rival Western models like OpenAI's GPT 4. Baidu founder Robin Li emphasized the model's improved performance, positioning it as the company's most powerful model to date.

Beyond its AI model, Baidu plans to integrate Ernie 4.0's capabilities across its suite of services. This strategic move aligns with Google's approach of infusing AI into its products, aiming to enhance user experiences in areas such as search, maps, file sharing, work collaboration, and data analytics. By integrating AI capabilities into its services, Baidu aims to provide a more intelligent and seamless experience for its users.

Currently in beta, Ernie 4.0 requires a Baidu account and a Chinese phone number for registration. This ensures that access to the model is limited to users within China. As Baidu continues to refine and develop Ernie 4.0, it is poised to make a significant impact on the AI landscape in China and potentially beyond.

Meanwhile, Alibaba has taken a different approach in the AI domain. Rather than focusing solely on proprietary models, Alibaba has made a strategic move towards open-source models. The release of Qwen 7B and Qwen 7B Chat targets the enterprise sector, providing businesses with AI tools for various applications.

Alibaba Chairman and CEO, Daniel Zhang, highlights the importance of generative AI and cloud computing in driving a technological watershed moment. As businesses across all sectors embrace intelligence transformation, Alibaba aims to position itself as a leader in providing AI solutions to meet their evolving needs.

Overall, the AI landscape in China is witnessing a clash of the titans, with Baidu and Alibaba vying for dominance. While Baidu focuses on refining its proprietary model, Ernie 4.0, and integrating AI across its suite of services, Alibaba takes an open approach by releasing open-source models for the enterprise sector. As both companies continue to push the boundaries of AI, the Chinese tech industry is poised for further innovation and transformation.


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