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☆ Saudi Arabia is reportedly funding a Chinese startup that aims to take on OpenAI
▼ + stars: | 2024-06-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

A Saudi fund is the only foreign investor in China's leading AI startup, The Financial Times reported. Zhipu AI is China's largest generative AI startup by staff numbers and aims to rival OpenAI. AdvertisementSaudi Arabia is reportedly helping to fund China's AI development. A Saudi fund recently became the sole foreign investor in Zhipu AI, a startup that's part of Chinese efforts to build an OpenAI rival, The Financial Times reported citing two unnamed sources. According to the report, Prosperity7, which is part of the state-owned oil group Saudi Aramco, recently participated in the latest funding round for the Chinese startup as a minority investor.

Persons: OpenAI, — Organizations: Saudi, Financial Times, Service, The Financial, Saudi Aramco, Business Locations: Saudi Arabia

☆ Chinese AI-related firm Zhipu says it has raised over $341.8 mln this year
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: 1 min

AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBEIJING, Oct 20 (Reuters) - Chinese artificial intelligence-related firm Beijing Zhipu Huazhang Technology said on Friday it has raised over 2.5 billion yuan ($341.82 million) this year. Investors have included Chinese tech giants Alibaba (9988.HK), Tencent (0700.HK), Meituan (3690.HK), Xiaomi (1810.HK), as well as Hillhouse and Legend Capital, Zhipu said. ($1 = 7.3137 Chinese yuan renminbi)Reporting by Beijing newsroom; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Zhipu, Muralikumar Organizations: REUTERS, Rights, Technology, Investors, HK, Legend, Beijing, Thomson Locations: Rights BEIJING, Beijing

☆ Alibaba, Tencent among investors in China's rival to OpenAI with $341 million funding
▼ + stars: | 2023-10-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Zhipu has raised more than 2.5 billion Chinese yuan ($341 million) this year, the company said in a statement. Sequoia and Hillhouse are among the high-profile venture backers, and smartphone maker Xiaomi, Alibaba and Tencent are some of the corporate investors. Zhipu is one of China's promising start-ups creating AI models trained on huge amounts of data that can underpin various applications. The world's second-largest economy plans to increase its computing power by 50% by 2025, which would help continue to develop AI applications. However, the U.S. has looked to cut China off from key technologies required to develop AI models.

Persons: Zhipu, China's, OpenAI, ChatGPT Organizations: Getty, Zhipu, U.S, Nvidia Locations: U.S, China, Washington

☆ Baidu CEO says more than 70 large AI language models released in China
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Sept 5 (Reuters) - More than 70 large artificial intelligence language models with over 1 billion parameters have been released in China, Baidu Inc (9888.HK) CEO Robin Li told an industry event in Beijing on Tuesday. Baidu joins several other Chinese companies that launched AI chatbots last week after securing regulatory approval for mass market releases. These include facial recognition firm SenseTime (0020.HK) and AI startups Baichuan Intelligent Technology, Zhipu AI, and MiniMax. Li said the latest version of Baidu's AI chatbot, Ernie 3.5, has processing speed twice that of the previous version with 50% improved efficiency.

Persons: Aly, Robin Li, Baidu, Li, Ernie, Yelin Mo, Brenda Goh, Muralikumar Organizations: Artificial Intelligence, REUTERS, Rights, Baidu Inc, HK, Technology, Baidu, Thomson Locations: Shanghai, China, Rights BEIJING, Beijing

☆ China's government-approved AI chatbots were released to the public this week. Baidu's chatbot Ernie reportedly says a Chinese military takeover of Taiwan is possible.
▼ + stars: | 2023-09-02 | by ( Aaron Mok | Alistair Barr | ) www.businessinsider.com time to read: +4 min

The Chinese government recently approved several generative AI chatbots for public use. Baidu's new Ernie AI chatbot weighed in on the future of Taiwan. Zhipu, from shopping-platform Meituan, gave the best results, he said, though "all the Chinese bots have catching up to do." On Taiwan: When the reporter asked these AI bots whether Taiwan is a country, Ernie declared that a Chinese military takeover of Taiwan is possible, according to the report. When the reporter asked these AI bots whether Taiwan is a country, Ernie declared that a Chinese military takeover of Taiwan is possible, according to the report.

Persons: Ernie AI chatbot, Baidu's, Ernie, Baidu, SenseTime's SenseChat, Bytedance's, Zheping Huang, Tencent's, SenseTime, Xi Jinping Organizations: Bloomberg News, Morning, Baidu, Reuters, Bloomberg Locations: Taiwan, China

☆ China's Baichuan, Zhipu AI launch AI models after receiving approval
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: 1 min

AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Aug 31 (Reuters) - Chinese artificial intelligence (AI) firms Baichuan Intelligent Technology and Zhipu AI on Thursday opened their AI large language models to the public after receiving approval from Chinese authorities. The companies made the launch announcements in separate WeChat statements. It comes after Baidu said it had received a regulatory nod to launch its artificial intelligence Ernie Bot to the general public starting from Aug. 31. Reporting by Brenda Goh; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Baidu, Ernie Bot, Brenda Goh, Tom Hogue Organizations: REUTERS, Rights, Intelligent Technology, Thomson

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