Latest news with #QuarkAIGlasses
Business Insider
a day ago
- Business
- Business Insider
Alibaba (BABA) Unveils AI Smart Glasses, Enters Race With Meta and Xiaomi
Alibaba Group (BABA) will launch its first smart glasses by the end of 2025. The product is called the Quark AI Glasses and runs on the company's proprietary Qwen large language model and Quark, its advanced virtual assistant. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The glasses are designed to deliver real-time voice and visual features. Key functions include hands-free calling, music streaming, language translation, and meeting transcription. A built-in camera enables imaging and search. Users will also be able to access Alibaba Group's services, including navigation via Amap, payments through Alipay, and price comparisons on Taobao. On the stock performance front, BABA shares are 43% year-to-date. Alibaba Group Enters Smart Glasses Market Led by Meta Platforms The Quark AI Glasses are targeted at consumers in China and are part of a broader push by Alibaba Group to expand into hardware. Quark, currently available as a mobile app, will now be embedded in a wearable device for a wider reach. The device is expected to appeal to professionals, travelers, and tech-forward consumers. The launch puts Alibaba Group in direct competition with Meta Platforms (META), which leads the smart glasses category through its partnership with Ray-Ban. It also enters the space alongside Chinese electronics firm Xiaomi Corp (XIACF), which released its own AI glasses earlier in the year. The global smart glasses market was valued at around $1.93 billion in 2024 and is projected to reach $2.47 billion by 2025. Research projects a compound annual growth rate of roughly 27% through 2030. North America holds about 35% of global revenue, with the United States market valued at $1.44 billion in 2024. China does not have a specific share listed, but is expected to grow fast due to competition from Alibaba, Xiaomi Corp, and Baidu (BIDU). Meta Platforms currently holds around 60% of the global market share. Industry data shows smart glasses shipments rose 210% year-over-year in 2024. What Is the Price Target for BABA Stock? On the Street, Alibaba boasts a Strong Buy consensus, with an average BABA stock price target of $151.08. This implies a 25.87% upside.
Deccan Herald
2 days ago
- Business
- Deccan Herald
Chinese AI firms unite to build ecosystem amid US curbs
China's artificial intelligence companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce dependence on foreign tech as they seek to cope with U.S. export restrictions on advanced Nvidia chipsets. The conference showcased a slew of new products, such as an AI computing system from Huawei that experts believe rivals Nvidia's most advanced offering, as well as consumer-friendly products such as several kinds of digital AI glasses. The "Model-Chip Ecosystem Innovation Alliance" brings together Chinese developers of large language models (LLMs) and AI chip manufacturers. "This is an innovative ecosystem that connects the complete technology chain from chips to models to infrastructure," said Zhao Lidong, CEO of Enflame, one of the participating chipmakers. Other manufacturers of graphics processing units (GPUs) in the alliance include Huawei, Biren, and Moore Threads, which have been hit by U.S. sanctions that block them from purchasing advanced tech made with U.S. know-how. The alliance was announced by StepFun, an LLM developer. A second alliance, the Shanghai General Chamber of Commerce AI Committee, aims to "promote the deep integration of AI technology and industrial transformation." Participants include SenseTime, also sanctioned by the U.S. and which has pivoted from facial recognition technology to LLMs. Others are StepFun and another LLM developer, MiniMax, as well as chipmakers Metax and Iluvatar CoreX. Huawei's system design capabilities have meant that it has been able to use more chips and system-level innovations to compensate for weaker individual chip performance, SemiAnalysis said. At least six other Chinese computing firms showcased similar "clustering" chip technology. Metax demonstrated an AI supernode featuring 128 C550 chips designed to support large-scale liquid-cooled data centre requirements. Other events included Tencent's unveiling of its open-source Hunyuan3D World Model 1.0, which the company said enables users to generate interactive 3D environments through text or image prompts. Baidu announced what it said was next-generation "digital human" technology that helps businesses to create virtual livestreamers. It features "cloning technology" that can replicate a human's voice, tone, and body language from just 10 minutes of sample footage. Alibaba was among those announcing AI glasses. Its Quark AI Glasses are powered by its Qwen AI model and are due to be released in China by the end of 2025. They will allow users to access the tech giant's map service for easy navigating and to use Alipay by scanning QR codes with voice commands.
Time of India
2 days ago
- Business
- Time of India
Alibaba takes on Meta, Xiaomi with Quark AI smartglasses
Chinese e-commerce giant Alibaba has unveiled its Quark AI Glasses, signaling its entry into the smart wearable product category. These AI-powered smart glasses will run on Alibaba's proprietary Qwen large language model and its AI assistant , Quark, and are slated for launch in China by the end of 2025. As per a report by CNBC, Alibaba – a significant player in China's burgeoning AI sector – has been developing new models to rival Western counterparts like OpenAI. The company views smart glasses as the next major computing frontier, alongside smartphones, the report said. The Quark AI assistant, which received an update earlier this year, is currently available as an app in China, and this new hardware serves as a strategic move to broaden its distribution. Alibaba Quark AI Glasses features Alibaba has confirmed that its new glasses will support a range of functionalities, including hands-free calling , music streaming, real-time language translation and meeting transcription. A built-in camera will also be a key feature. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What Will Jobs Look Like in 2045? 15 Careers That Don't Exist Yet Liseer Undo Alibab aims to leverage its ecosystem, stating that users will be able to utilise navigation services, make payments via its affiliate Ant Group's Alipay, and even compare prices on its e-commerce platform, Taobao, all through the glasses. The Quark AI Glasses position Alibaba in direct competition with Meta's smart glasses (developed with Ray-Ban) and Chinese consumer electronics firm Xiaomi, which also released its own AI glasses earlier this year. Meanwhile, Google is also planning to release a pair of Android-powered smart glasses in 2026, in collaboration with Samsung. These glasses will be part of Google's Android XR platform and will focus on features like live translation, memory recall and navigation. The company said it is working with Gentle Monster and Warby Parker to create stylish glasses and will work with Kering Eyewear to bring more options to users. Boat Aavante Prime 5.1 5000DA soundbar review: DOLBY ATMOS POWER! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Express Tribune
2 days ago
- Business
- Express Tribune
Alibaba to launch AI glasses in bid to rival Meta
Chinese tech conglomerate Alibaba has announced its entry into the wearable technology market with the upcoming launch of its first smart glasses, powered by the company's in-house artificial intelligence platforms. Named the Quark AI Glasses, the device is set to debut in China by the end of 2025 and will be backed by Alibaba's Qwen large language model and its intelligent assistant, Quark. The move marks Alibaba's first major step into smart eyewear, placing it in direct competition with Meta - whose Ray-Ban-branded smart glasses have led developments in the sector - as well as domestic rival Xiaomi, which introduced its own AI glasses earlier this year. Read more: While full specifications and pricing are yet to be revealed, Alibaba confirmed that the glasses will include key features such as hands-free calling, music playback, real-time translation, meeting transcription, and a built-in camera. #Alibaba debuts its first Quark AI glasses at #WAIC2025 in Shanghai. Powered by Qualcomm's and China's Bestechnic chips, the glasses offer voice control, real-time translation, and transcription. 👓 They're fully integrated with Alibaba apps, including Alipay for payments and… — Bridging News (@BridgingNews_) July 27, 2025 The device will also integrate with Alibaba's broader ecosystem, allowing users to access navigation tools, pay via Alipay, and shop on Taobao directly through the glasses. The company, headquartered in Hangzhou, sees the Quark AI Glasses as part of a wider trend in the tech industry, where smart glasses are increasingly viewed as the next evolution of computing—alongside smartphones. Quark, Alibaba's AI assistant launched earlier this year as a standalone mobile app, will now expand its presence through hardware. This approach is seen as a strategic step to enhance user interaction and widen adoption. Alibaba is positioning itself as a leading force in China's AI landscape, developing homegrown models and products to rival those from international firms such as OpenAI. No official release date or market price has been provided, though the company confirmed a domestic rollout by year's end.
CNBC
2 days ago
- Business
- CNBC
Alibaba to launch AI-powered glasses creating a Chinese rival to Meta
Alibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm's first foray into the product category. The e-commerce giant said the Quark AI Glasses will be launched in China by the end of 2025 with hardware powered by the firm's Qwen large language model and its advanced AI assistant called Quark. The Hangzhou, headquartered company is one of the leaders in China's AI space, aggressively launching new models with capabilities that compete with Western counterparts like OpenAI. Many tech companies see wearables, specifically glasses, as the next frontier in computing alongside the smartphone. Quark, released this year, is currently available as an app in China. Alibaba is stepping into the hardware game as a way to distribute the app more widely. The Quark AI Glasses are Alibaba's answer to Meta's smart glasses that were designed in collaboration with Ray-Ban. The Chinese tech giant will also now compete with Chinese consumer electronics player Xiaomi who this year released its own AI glasses. Alibaba said its glasses will support hands-free calling, music streaming, real-time language translation, and meeting transcription. The glasses also feature a built-in camera. Alibaba owns a range of different services in China from mapping to an online travel agent. Its affiliate company Ant Group also runs the widely-used Alipay mobile service. Alibaba said users will be able to use a navigation service via the glasses, pay with Alipay and shop on Taobao, its China e-commerce platform. The firm has yet to release other details such as the price and technical specifications.
