Create @ AI Hackathon Opens; Source Code Capital Invites Global AI Developers and Entrepreneurs to Compete

From portals to search, to recommendations, and now — generative AI. The efficiency and capability of organizing information keeps improving. AI's "iPhone moment" has arrived. Humanity stands excited at the tipping point of massive change, facing a future where AI transforms a thousand industries, with countless technologies and applications — known and yet unknown — that will empower human creativity and prosperity.

We see enormous application value for generative AI across industries: intelligent customer service, marketing, media, design, and more. We also look forward to AI playing a bigger role in game design, virtual reality, education, healthcare, and beyond.

The Create @ AI Hackathon, hosted by ModelScope — China's largest AI model community — with guidance from the CCF Open Source Development Committee and co-initiated by Alibaba Cloud and NVIDIA, with support from Tianchi, officially opened recruitment on June 1. Yungang Huang, managing partner at Source Code Capital, will join several top investors to form an "Investment Observation Group," extending invitations to AI developers and startup teams worldwide. This will be an innovation festival where artificial intelligence meets hacker spirit, and a collaborative showcase bringing together top AI talent.

The global recruitment for Create @ AI Hackathon launched on June 1 at the 2023 Alibaba Cloud Summit · Guangdong-Hong Kong-Macao Greater Bay Area in Guangzhou.

The competition will unfold through online creative recruitment, offline hacking, and demo pitching.

ModelScope will provide participating teams with free resources for model training, inference, and demo deployment. Teams can call on open-source models and development tools from the ModelScope community, or use other AI models. ModelScope currently hosts more than 30 billion-parameter large models and over 10 hundred-billion-parameter large models, including Alibaba's self-developed Tongyi series, covering natural language understanding/generation/dialogue, text-to-image, text-to-video, multimodal representation, and other directions.

From now until June 25, AI developers and startup teams worldwide can register. After comprehensive evaluation, the organizer will announce the shortlist on June 26, with the offline hackathon taking place in July. Teams will have two days to build their product, followed by live pitching on the third day. A judging panel of technical experts and investors will score based on innovation, technical difficulty, and commercial prospects of the AI applications.

Winning teams will receive cash awards of up to RMB 30,000, attend the 2023 World Artificial Intelligence Conference to collect their prizes in person, meet face-to-face with tech leaders and top investors, and gain access to a USD 10 million venture capital pool from leading investment institutions.

Since its founding in spring 2014, Source Code Capital has insisted on investing in technology-driven innovation and in the creation of lasting, real value, having backed more than 300 startups. Source Code values founders and is committed to "full code power for you" — providing MaHui to connect the startup ecosystem, Code Brain courses to sharpen entrepreneurial thinking, and Code Power services to help founders succeed.

Source Code Capital has long paid attention to innovation in AI and is among the most active institutions supporting AI innovation in the market, continuously publishing and sharing professional perspectives.

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Looking forward to seeing the performances of outstanding AI developers and startup teams from around the world at this Create @ AI Hackathon!

We Create, AI Generate!