Around the same time, Tencent announced it is integrating its AI model into advertising content creation, and its own Zoom-like video conferencing app.
It's also not clear how powerful China's AI applications currently are, beyond demos and select business partnerships.
"Overall we see generally Chinese language model[s] still lag behind the most advanced ChatGPT version 4," CLSA's Tony Zhang said in a phone interview in the last week.
Now with Beijing's green light, public-facing AI applications such as Baidu's Ernie bot can be widely used in China.
Generative AI and large language model-related revenue contributed to 20% of SenseTime' s revenue in the first half of 2023, Nomura analysts said, citing company management.
Persons:
Nomura, Tencent, Coffee, Luckin, Joey Wat, It's, Tony Zhang, –, Ernie, Oliver Wyman's David Xie
Organizations:
Baidu, KFC
Locations:
Beijing, China, Taobao, TikTok