Baidu’s New $145 Million Enterprise Capital Fund Will Again AI Startups

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Baidu’s New $145 Million Enterprise Capital Fund Will Again AI Startups


Chinese language search big Baidu will arrange a enterprise capital fund of CNY 1 billion (roughly Rs. 1,200 crore) to again start-ups targeted on content material generated by synthetic intelligence purposes, it mentioned on Wednesday.

The corporate may even launch a contest for builders to construct purposes off its ERNIE massive language mannequin (LLM) or combine the mannequin into their present merchandise, it added.

Chinese language tech firms have raced to launch their very own LLMs following the dramatic success of ChatGPT, the AI-powered chatbot launched by Microsft-backed OpenAI.

Virtually 80 organisations in China have launched their very own LLMs since 2020, with releases this 12 months barely exceeding these of america, a report confirmed this week.

In March, Baidu unveiled Ernie Bot, its personal AI-powered LLM. E-commerce big Alibaba Group Holding was among the many different Chinese language firms that adopted shortly.

In response to the surge of LLMs, China revealed draft rules in April on using generative AI.

© Thomson Reuters 2023


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