Amid Rivalry With US, China Approves Over 40 AI Models For Public Use In Past 6 Months
Portfolio Pulse from Benzinga Neuro
China has approved over 40 AI models for public use in the last six months, aiming to compete with U.S. AI development. The approval process, introduced in August, has seen companies like Xiaomi, 4Paradigm, and 01.AI benefit from the endorsement of 14 large language models. Baidu, Alibaba, and ByteDance were among the first to receive approval. Despite the AI push, there hasn't been a significant increase in cloud services spending in China. Concerns over AI misuse for espionage have been raised by the FBI. Baidu's Ernie Bot reached 100 million users in December.
January 29, 2024 | 8:41 am
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POSITIVE IMPACT
Alibaba Group Holding Ltd received early approval for its AI models in China, indicating a strategic advantage in the AI sector.
Alibaba's early approval for AI models suggests a favorable position in China's AI market, which could lead to increased investor confidence and potential growth in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Baidu Inc was among the first to have its AI models approved in China, and its Ernie Bot reached 100 million users, showing strong AI market presence.
Baidu's early approval and the success of Ernie Bot indicate a solid foothold in the AI market, which may translate into positive investor sentiment and stock performance in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Xiaomi Corp benefits from the approval of AI models in China, potentially enhancing its competitive position in the tech industry.
The approval of AI models in China, including those benefiting Xiaomi, could lead to increased market opportunities and investor interest, positively impacting its stock in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70