Tech billionaires outdo each other with • Table.Briefings

The Chinese company MIDU presented a versatile AI model at the World Artificial Intelligence Conference in Shanghai last June: In addition to knowledge questions and answers, it can also produce public opinion analysis reports and write personal letters.

The first responses of Baidu and other Chinese tech companies to ChatGPT were hardly convincing. Thanks to massive investments, the gap seems to be closing. China’s IT companies have fully entered the race. But the shortage of US chips remains a significant problem.

After their failed debut, Chinese companies are keen to make up lost ground as quickly as possible in the race for AI language models such as ChatGPT. The Chinese internet company Baidu recently announced to have already significantly improved its Ernie Bot.

Tech billionaires outdo each other with AI investments

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