5/30/2023 0 Comments Aktie im fokus![]() Gaming giant NetEase, which is already using AI for creating 3D models of gamers and has an AI music creation platform, said it is developing a generative AI for its search engine Youdao. Separately, Chinese luxury e-commerce retail platform Secoo, listed on NASDAQ, said it will “conduct in-depth research and expansion on AI Generated Content and ChatGPT technology”. However, neither Alibaba nor JD.com have announced a date for the launch of their AI tools. Called ChatJD, the industrial bot will help businesses with content generation, livestream e-commerce, and customer service in finance and retail. Alibaba’s competitor JD.com too announced last week that it is planning to introduce a similar service such as ChatGPT. Speculations are that Alibaba will pair the chatbot with its communication app DingTalk. The company has not yet clarified what the front end of ERNIE will look like or if it will be integrated into the search engine.Ĭhina’s Baidu will release its ERNIE bot in March 2023 (Picture: Baidu HQ in Beijing Source: testing / ) Baidu HQ in Beijing Source: testing / Īlibaba Group, China’s top e-commerce firm, said that it is testing a ChatGPT-style tool. The company’s stock surged over 15% on February 7 after it announced the release of its chatbot. The only product which may come close is search engine giant Baidu’s ‘ERNIE bot’ due to be released in March. China AI stocks have seen a sudden jump in their share prices despite the fact that there are no immediate plans to release any ChatGPT-like AI anytime soon. The popularity gained by ChatGPT has led to several big companies in China to announce their plans for similar or better AI initiatives. The capital city is also supporting enterprises, research institutes, open-source communities and others for core AI technology innovation. The study also looked into the most-cited papers, and Chinese research topped the US papers by nearly 70%.Ī recent report published by state media Xinhua said that Beijing alone had some 1,048 AI companies as of October 2022, accounting for 29% of the total number of AI firms in the country. In 2021, China produced 43,000 papers on artificial intelligence, nearly twice as much as the US. ![]() China’s Tencent, Alibaba and Huawei are among the top 10 companies researching AI. However, the US has been trying to put block investments in China and the AI sector may also be affected, just as the semiconductor sector.Īlthough ChatGPT is currently seeing a lot of interest, a Nikkei study found that China is the undisputed champion when it comes to AI research. ![]() Some of the major investors include Intel, Qualcomm and GGV Capital. The amount raised through these deals was $40.2 bn, 37% of the total capital raised by AI firms in China. ![]() As many as 167 US investors were part of 401 transactions, roughly 17% of all investments made in Chinese AI firms. “By 2030, AI could disrupt transportation and other key sectors in China, adding significant economic value-but only if strategic cooperation and capability building occur across multiple dimensions,” says McKinsey, pegging the total value addition at about $600 bn.Įarlier this month, a report released by CSET, a tech policy group at US-based Georgetown University, found that US companies had invested heavily in China AI stocks from 2015 to 2021. While the ChatGPT frenzy has drawn attention to AI on a commercial scale, OpenAI has not released the chatbot in China. Some of the top applications for AI in China include - professional services, government, finance and telecom - which the IDC sees collectively exceeding 60% of the total spending in China’s AI market. “China’s AI investment is expected to reach US$26.69 bn in 2026, accounting for about 8.9% of global investment, ranking second in the world among other countries,” as per a report by the International Data Corporation (IDC). With the new popularity of OpenAI’s ChatGPT, now also China AI stocks come into focus as several companies in the country are trying to compete with the chatbot which can write essays, poetry and even generate articles.Ĭhina has a sophisticated and thriving AI industry. Artificial intelligence is considered the next frontier in technological development thanks to its wide applications and reduced human effort.
0 Comments
Leave a Reply. |