Baidu Commits $140M Fund to Back ChatGPT-Like Startups
Portfolio Pulse from Anusuya Lahiri
Baidu has committed $140 million to finance Chinese startups exploring generative AI, tapping into the ChatGPT frenzy. The fund will be used to incubate projects built on Baidu's Ernie AI model. However, challenges include China's internet regulator requiring security reviews and the US semiconductor embargo affecting AI model training.

May 31, 2023 | 11:15 am
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Baidu commits $140 million to finance generative AI startups, tapping into the ChatGPT frenzy. Challenges include security reviews and the US semiconductor embargo.
Baidu's investment in generative AI startups shows its commitment to expanding its AI capabilities. This could potentially lead to new revenue streams and growth for the company. However, challenges such as security reviews and the US semiconductor embargo may slow down progress and affect the quality of AI models. Overall, the news is positive for Baidu, but investors should be aware of the potential challenges.
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