Alibaba, Tencent And Ant Invest $342 Million in AI Startup Zhipu, Eyeing Rivalry with Microsoft's OpenAI
Portfolio Pulse from Anusuya Lahiri
Alibaba Group Holding Ltd and Tencent Holdings Ltd, along with other investors including Ant Group Co and Xiaomi Corp, have invested $342 million in AI startup Beijing Zhipu Huazhang Technology Co. The investment comes as the US intensifies its advanced AI technology sanctions against China. Zhipu aims to rival Microsoft Corp's OpenAI's ChatGPT. Baidu Inc's founder Robin Li also highlighted its large language model Ernie, reaching OpenAI's GPT-4 levels.
October 20, 2023 | 2:55 pm
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NEGATIVE IMPACT
Zhipu, backed by Alibaba and Tencent among others, aims to rival Microsoft's OpenAI.
The investment in Zhipu by major tech companies could pose a competitive threat to Microsoft's OpenAI.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Alibaba is one of the major investors in Zhipu, an AI startup aiming to rival Microsoft's OpenAI.
The investment in Zhipu could potentially enhance Alibaba's position in the AI sector, especially if Zhipu successfully rivals Microsoft's OpenAI.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baidu's founder Robin Li highlighted its large language model Ernie, reaching OpenAI's GPT-4 levels.
The mention of Baidu's AI model reaching OpenAI's GPT-4 levels could potentially enhance Baidu's reputation in the AI sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Tencent is one of the major investors in Zhipu, an AI startup aiming to rival Microsoft's OpenAI.
The investment in Zhipu could potentially enhance Tencent's position in the AI sector, especially if Zhipu successfully rivals Microsoft's OpenAI.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Xiaomi is one of the investors in Zhipu, an AI startup aiming to rival Microsoft's OpenAI.
The investment in Zhipu could potentially enhance Xiaomi's position in the AI sector, especially if Zhipu successfully rivals Microsoft's OpenAI.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Xiaomi is one of the investors in Zhipu, an AI startup aiming to rival Microsoft's OpenAI.
The investment in Zhipu could potentially enhance Xiaomi's position in the AI sector, especially if Zhipu successfully rivals Microsoft's OpenAI.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70