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☆ New IT spending survey bodes well for 7 tech stocks in A.I. to cloud to cybersecurity
▼ + stars: | 2023-07-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Analysts at Morgan Stanley published the results of their second-quarter CIO survey, providing valuable insight into information technology budget expectations. Cloud and cybersecurity Digging a bit deeper, the survey reveals that cloud computing and security software remain the top two priorities for CIOs followed by artificial intelligence/machine learning. The analysts singled out Microsoft as the most exposed to the two major themes of the survey — generative AI via ChatGPT and cloud consumption via Azure. Cloud and AI enablers All of this also bodes well for the names that make cloud computing, generative AI, and LLMs possible. Importantly, the demand is not only coming from cloud service providers (CSPs) but also from enterprise players and AI startups.

Persons: Morgan Stanley, Bard, Dell, Salesforce, Jim Cramer's, Jim Cramer, Jim, Bing, Jonathan Raa Organizations: Microsoft, Google, Web Services, Club, Software, Hewlett Packard Enterprise, Palo Alto Networks, Alto, Nvidia, Devices, AMD, CNBC, Nurphoto, Getty

☆ Amazon charts its own course on A.I., leaning on its strengths in cloud and e-commerce
▼ + stars: | 2023-07-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

AI in advertising Amazon is not only differentiating its gen AI strategy by leveraging the cloud, but it's also incorporating AI in e-commerce to support its ad business. Amazon Prime Day Amazon Prime Day, the global shopping event that attracts consumers seeking huge cost-saving deals, on a variety of products will be held July 11 and 12 in 24 countries. Coupled with the cloud, e-commerce is the other big piece of what Amazon is all about. The 48-hour event is expected to bring in $8 billion in U.S. e-commerce sales, according to data by Insider Intelligence. Still, Insider Intelligence data shows Amazon Prime Day e-commerce sales will surpass that of competing retailers.

Persons: Andy Jassy, Scott Devitt, Devitt, Andrew Lipsman, it's, Lipsman, Sellers, Gene Munster, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon Web Services, CNBC, Amazon, Microsoft, Nvidia, AWS, Insider Intelligence, Google, Deepwater Asset Management, Intelligence, Amazon CNBC Locations: U.S

☆ Generative AI tools are quickly 'running out of text' to train themselves on, UC Berkeley professor warns
▼ + stars: | 2023-07-11 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +5 min

A Berkeley professor said AI developers are "running out of text" to train chatbots at a UN summit. But Russell's insights point toward another potential vulnerability: the shortage of text to train these datasets. A study conducted last November by Epoch, a group of AI researchers, estimated that machine learning datasets will likely deplete all "high-quality language data" before 2026. Language data in "high-quality" sets comes from sources such as "books, news articles, scientific papers, Wikipedia, and filtered web content," according to the study. Russell added that while there are possible explanations for such a purchase, "the natural inference is that there isn't enough high-quality public data left."

Persons: Stuart Russell, Russell, OpenAI, Elon Musk, he's, Sarah Silverman, Mona Awad, Paul Tremblay, Sam Altman, Altman Organizations: UN, University of California, International Telecommunication Union, OpenAI Locations: Berkeley, UN, Abu Dhabi

☆ Op-ed: Why this tech expert says he'd rather his kids play with A.I. than TikTok: The thought of it 'doesn't scare me'
▼ + stars: | 2023-07-10 | by ( Adam Singolda | ) www.cnbc.com time to read: +4 min

Are generative AI apps such as ChatGPT going to make us more productive, save us time, help us be healthier, smarter, happier? Generative AI is as real as it gets in terms of revolutionizing work, culture, and the nature of creativity. I root for generative AI not only as a tech executive but as a parent. If you spend some time with generative AI, you'll see it's pretty good already. Generative AI companies need to make a stand — will they pay for the sources of data they are ingesting daily?

Persons: Siri, Alexa, George Lucas, Google's chatbot, Anakin, Darth Vader, Adam Singolda Organizations: News

☆ How does ChatGPT decide what to say next? Here's a quick explainer.
▼ + stars: | 2023-07-09 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

AI chatbots like ChatGPT are based on large language models that are fed a ton of information. Here's how computer science experts explain how the bots know what words to say next. Bots like ChatGPT are also trained on large amounts of conversations that have taught machines how to interact with human users. But watch out for what chatbots don't knowWhat happens when you ask it a question it doesn't know the answer to? That's where chatbots create the most trouble because of an inherent trait — they don't know what they don't know.

Persons: They're, annotators, Kristian Hammond, Northwestern University . Hammond, Richard Harris, Richard Nixon, Hammond, chatbots, it's, William Wang, He's Organizations: Northwestern University ., university's Center, Advancing, Machine Intelligence, University of California Locations: Santa Barbara

☆ Why Japan is lagging behind in generative A.I. — and how it can create its own large language models
▼ + stars: | 2023-07-07 | by ( Audrey Wan | ) www.cnbc.com time to read: +7 min

But the nation is lagging behind in the generative AI race and is trying to create its own large language models. Generative AI has been the trendiest topic in tech since OpenAI made waves with its chatbot ChatGPT. Key to generative AI development are large language models which underpin the likes of ChatGPT and Baidu's Ernie Bot, capable of processing vast data sets to generate text and other content. Japanese companies pursuing generative AIBig Tech players have also joined the fray to boost Japan's standing in generative AI. While it has yet to catch up in the generative AI space, Japan is making its first stride with these private sector efforts.

Persons: Goldman Sachs, Ernie Bot, Noriyuki Kojima, Kojima, Fumio Kishida, Sam Altman, Masayoshi, Son, Amir Anvarzadeh, Anvarzadeh, CyberAgent, Bloom Organizations: Getty, Japan, Technology, Reuters, Microsoft, Google, Ministry of Economy Trade, Industry, IMD, Nikkei, Tokyo Institute of Technology, Tohoku University, Fujitsu, Riken, Japanese, Big Tech, SoftBank Group, SB Energy, Toyota Tsusho, Fortress Investment, Vision Fund, Asymmetric Advisors, NTT, Local Locations: Japan, China, Europe, Nikkei Asia, Government, Tohoku, Hokkaido, SoftBank

☆ Air Force colonel says it took AI 10 minutes to complete a task that can take humans days
▼ + stars: | 2023-07-06 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

The US government is testing how AI can support its defense capabilities, Bloomberg reported. With AI, some actions can be done in minutes rather than days, an Air Force colonel told the outlet. Matthew Strohmeyer, the colonel, said a large language model, or LLM, zipped through a task in 10 minutes that usually would have taken humans hours or days to complete. The Defense Department could eventually use AI to help make decisions. The guidelines say humans should be involved in "all actions critical to informing and executing sovereign decisions concerning nuclear weapons employment."

Persons: Matthew Strohmeyer, Insider's, Michael Horowitz, " Horowitz Organizations: Bloomberg, Air Force, Pentagon, The Defense Department, Department of Defense, Defense, State Department

☆ ChatGPT app downloads are slowing down, BofA finds
▼ + stars: | 2023-07-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Analysts found that app downloads for ChatGPT and Microsoft Bing have slowed in recent weeks, citing Sensor Tower data, BofA analyst Justin Post wrote in a note Wednesday. Bing app downloads, which includes a ChatGPT-based chatbot in the U.S., were also down 38% in June. Microsoft's Bing, which uses OpenAI's ChatGPT technology, was down 40 basis points on an annual basis to about 2.8% of the market. The ChatGPT app was released in May and so far is available only for iPhones. Besides the app or Bing search engine, ChatGPT users can also access the chatbot through its website.

Persons: Microsoft Bing, Justin Post, Microsoft's Bing, Post Organizations: Bank of America Securities, Analysts, Microsoft, Google, Nvidia, iPhones . Bank of America, Bank of America Locations: U.S, ChatGPT

☆ Twitter went down for thousands of users on Saturday with a 'rate limit exceeded' error message
▼ + stars: | 2023-07-01 | by ( Aaron Mcdade | Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Twitter was down for many users for several hours on Saturday. The cause was unknown, but came less than a day after other recent changes to Twitter. Twitter appeared to go down on Saturday for tens of thousands of users. The term "Rate Limit Exceeded" was trending on the platform Saturday, with thousands of tweets sent out using the phrase. Musk later said that was a temporary measure to stop companies from scraping data from Twitter.

Persons: Twitter, Elon Musk, Musk, couldn't, It's Organizations: Twitter

☆ The best stocks now that the 'age of A.I. is upon us,' according to Jefferies
▼ + stars: | 2023-06-29 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

The emergence of OpenAI's large-language model ChatGPT has spurred investor excitement over AI, helping stocks with direct or perceived exposure to AI soar. AI stocks led the stock market in the first half of the year, with leading AI chipmaker Nvidia touching a $1 trillion market capitalization in May. Jefferies maintains a buy rating on Alphabet stock with a $150 per share price target, or about 25% upside from Wednesday's $120.18 close. The bank has a $280 per share price target on the Facebook parent, or about 2% below Wednesday's $285.29 close. Thill "believes META is best positioned to take advantage of the AI opportunity vs. social peers TikTok and Snap," the Jefferies report said.

Persons: Jefferies, isn't, Mark Lipacis, Mark, Bard, Brent Thill, Lloyd Byrne, TikTok Organizations: Jefferies Equity Research, Nvidia, Intel, Microsoft, Jefferies, Google, Chevron, . Energy, Facebook

☆ How an early-stage venture capitalist is trying to separate the winners and losers in A.I.
▼ + stars: | 2023-06-27 | by ( Susan Caminiti | ) www.cnbc.com time to read: +2 min

Buhler says the biggest difference he sees in the AI landscape today is the accessibility of the technology. LLMs, he adds, didn't change "everything under the hood, they changed the interface and the way people can interact with AI." With almost any company able to integrate AI into any application, he invests in startups that use AI as real leverage. In the most recent CNBC Technology Executive Council survey, nearly half of the companies (47%) said that AI is their top priority for tech spending over the next year. In fact, AI budgets are more than double those of cloud computing, the second-biggest spending area at 21%.

Persons: Konstantine Buhler, Buhler Organizations: Microsoft, Engineers, Sequoia Capital, CNBC Technology, CNBC Locations: Brussels, Belgium, San Francisco

☆ Ant Group confirms it is working on own AI large language model
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: 1 min

SHANGHAI, June 21 (Reuters) - A technology research and development team at China's Ant Group is developing its own large-language model (LLM), internally called Zhenyi, a spokesperson said on Wednesday, confirming reports in Chinese media. There was no further information on the public unveiling of the model, however. Chinese organisations have launched 79 large-language models (LLMs) dometically over the last three years, doubling down on efforts to develop artificial intelligence (AI) algorithms, state-run research institutes said last month in a report. Reporting by Casey Hall; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Casey Hall, Clarence Fernandez Organizations: Thomson Locations: SHANGHAI

☆ OpenAI plans app store for AI software, The Information reports
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - OpenAI, creator of the widely popular chatbot ChatGPT, plans to launch a marketplace that will allow developers to sell their AI models built on top of its own AI technology, news site the Information reported on Tuesday, citing people with knowledge of discussions at the company. According to the news report, makers of such models could offer them to other businesses through OpenAI's proposed marketplace. OpenAI CEO Sam Altman disclosed the potential plans during a meeting with developers in London last month, the report said. Such a marketplace could compete with app stores run by some of the company's customers and technology partners - including Salesforce (CRM.N) and Microsoft (MSFT.O) - and help OpenAI's technology reach a broader customer base. Companies are also racing to offer their customers new tools and capabilities based on the AI software's advanced large language models (LLMs).

Persons: Sam Altman, OpenAI, Yuvraj Malik, Pooja Desai Organizations: Enterprise, Microsoft, Khan Academy, Thomson Locations: London, Bengaluru

☆ AIs trained on other AI output will start producing junk within a few generations, scientists warn
▼ + stars: | 2023-06-19 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

AIs trained solely on other AIs will eventually spiral into gibberish, machine learning experts say. As more and more AI-generated content is published online, future AIs trained on this material will ultimately spiral into gibberish, machine learning experts have predicted. A group of British and Canadian scientists released a paper in May seeking to understand what happens after several generations of AIs are trained off each other. Improbable events are less and less likely to be reflected in its output, narrowing what the next AI — trained on that output — understands to be possible. In addition to being home to some of the world's largest populations of black @-@ tailed jackrabbits, white @-@ tailed jackrabbits, blue @-@ tailed jackrabbits, red @-@ tailed jackrabbits, yellow @-"Anderson likened it to massive pollution, writing: "Just as we've strewn the oceans with plastic trash and filled the atmosphere with carbon dioxide, so we're about to fill the Internet with blah."

Persons: Ross Anderson, Anderson, Mozart, Antonio Salieri, Salieri, Dr Ilia Shumailov, —, NewsGuard, Shumailov Organizations: AIs, Morning, University of Cambridge, University of Oxford, Washington Post

☆ Check out the 11-slide pitch deck these ex-DeepMind staffers used to raise $5.5 million for their large language model startup Glyphic AI
▼ + stars: | 2023-06-14 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

London-based Glyphic AI has raised $5.5 million from Point72 Ventures. A startup founded by former DeepMind staffers using AI to help sales teams just raised $5.5 million in fresh funds. London-based Glyphic AI, founded last year, has developed a "copilot" that automates an array of manual processes in the sales process. With the recent explosion of ChatGPT catapulting many AI startups into the spotlight, VCs are scrambling to invest in AI startups that enhance workplace productivity. With the fresh funds, Glyphic AI will build out its team, and hone in on its AI and software development.

Persons: Glyphic's, Adam Liska, Liska, Devang Agrawal, that's, Mehdi Ghissassi, Rushin Shah Organizations: London, Point72 Ventures, Creator, Dhyan Ventures, Google Locations: London

☆ Salesforce unveils AI Cloud offering, doubles fund for AI startups to $500 mln
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - Salesforce (CRM.N) on Monday doubled its venture capital fund for generative AI startups to $500 million and unveiled the AI Cloud service that hopes to attract enterprises by offering the company's AI-powered products under one umbrella. AI Cloud will include Salesforce's products from the Einstein service to workplace-messaging app Slack and data analysis software Tableau. The move underscores the race among technology companies to incorporate their tools with generative AI, which can create new text, imagery and other content based on inputs from past data. Along with the company's own offerings, AI Cloud will host the large-language models (LLMs) - the core software of artificial intelligence systems - from providers such as Amazon Web Services, Anthropic and Cohere. Salesforce said it plans to ensure data privacy for businesses using such offerings by helping prevent the LLMs from retaining sensitive customer information.

Persons: Marc Benioff, Salesforce, Einstein, OpenAI, Slack, Tiyashi Datta, Shailesh Organizations: Amazon Web Services, Thomson Locations: Bengaluru

☆ Microsoft to offer OpenAI's GPT models to government cloud customers
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike BlakeJune 7 (Reuters) - Microsoft Corp (MSFT.O) is bringing the powerful language-producing models from OpenAI to U.S. federal agencies using its Azure cloud service, it said in a blog post on Wednesday. The Redmond, Washington-based company has added support for large language models (LLMs) powering GPT-4 the latest and the most sophisticated of the LLMs from OpenAI, and GPT-3, to Azure Government. Microsoft generally offers it to Azure commercial cloud users through Azure OpenAI Services, which had 4,500 customers as of May. Microsoft said government customers can adapt the language models for specific tasks including content generation, language-to-code translation and summarization.

Persons: Mike Blake, Yuvraj Malik, Samrhitha, Maju Samuel Organizations: Microsoft, Microsoft Theatre, REUTERS, Microsoft Corp, Government, OpenAI, Thomson Locations: Los Angeles , California, U.S, Redmond, Washington, OpenAI, Bengaluru

☆ Cybersecurity ETFs gain steam as investors look for A.I. plays
▼ + stars: | 2023-06-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Since ChatGPT debuted late last year, investors have been looking for ways to play the AI craze. Cybersecurity stocks largely sat out the excitement around AI at the start of the year, but the group has started to gain traction in recent weeks. Since the end of April, the First Trust Nasdaq Cybersecurity ETF (CIBR) — the largest fund focused on the space — has risen nearly 11%. The Global X Cybersecurity ETF (BUG) has jumped almost 13%. BUG YTD mountain The BUG ETF has hit new highs for the year in recent weeks.

Persons: ChatGPT, Macquarie, Frederick Havemeyer Organizations: Nvidia, Trust Nasdaq Locations: Macquarie, Zscaler

☆ The Harvard economics PhD whiz who is teaching generative AI to invest for everyone
▼ + stars: | 2023-06-06 | by ( Kiley Lambert | ) www.cnbc.com time to read: +3 min

Szilagyi has the record for the fastest-ever Harvard Economics Ph.D. (2.5 years), studying under Ken Rogoff. In addition to his economics Ph.D., Szilagyi holds BA and MA degrees in mathematics and economics from Yale. Szilagyi: Toggle is a generative AI startup that sits squarely at the intersection of finance and artificial intelligence. Toggle AI was really born from observing the ever-mounting flow of financial data that we needed to track. Thanks to his support, Toggle AI took off with a mission to provide every investor and advisor with powerful AI tools in an easy-to-navigate, chat interface.

Persons: Jan Szilagyi, Szilagyi, Stanley Druckenmiller, Lombard Odier, Ken Rogoff, Giuseppe Sette, Druckenmiller Organizations: Duquesne Capital, Lombard, Harvard, Yale, CNBC, Summit, Microsoft, Duquesne Locations: Szilagyi, Lombard

One is about the possibility that we’re going to have this super intelligent AI that’s capable of great destruction. casey newtonI think that’s right. But it’s just like — I don’t think — I don’t think about to do these things in the moment like Dan. I don’t think that there’s an ethical issue with doing what he wants to do. And yeah, I just think it’s going into an area that’s going to be uncomfortable for the friend.

Persons: kevin roose, casey newton, we’re, ” casey newton I’ve, kevin roose It’s, Kevin Roose, ” casey newton, Casey Newton, clowned, New York Times ’, Kate Conger, Casey, Ajeya Cotra, kevin roose Totally, Sam Altman, Demis Hassabis, Dario Amodei, Elon Musk, Steve Wozniak, They’re, Kevin, Dan Hendricks who’s, “, “ I’m, don’t, you’re, I’m, — casey newton, it’s, ChatGPT, casey newton I’m, I’ve, Martinez, Varghese, kevin roose Tyler, —, Steven A, Schwartz, ”, they’re, it’ll, there’s, Mr, Bean, We’ve, James Vincent, It’s, Jensen Huang, Harry Potter, Harry Potter of, kevin roose —, casey newton Parallelelizable, Parallelizable, — casey newton Let’s, that’s, who’s, NVIDIA —, casey newton Well, doesn’t, katie cogner, Kate Conger who’s, katie cogner Hi, katie cogner I’m, Dan, what’s, Getty, casey newton Kate, let’s, John, Here’s John, john, kevin roose That’s, Kate, he’s, He’s, he’ll, casey newton That’s, There’s, we’ve, “ I’ve, ” Kate, cogner, Prince Harry, katie cogner Doesn’t, Harry, casey newton We’re, We’re, kevin roose Kate, they’ve, Joni Mitchell, Chris Vecchio, Chris, kevin roose I’m, You’d, casey newton “, you’ll, casey newton Oh, ” kevin roose Organizations: The New York Times, NVIDIA, New York Times, Safety, Google, AI, ChatGPT, Avianca Airlines, Delta Airlines, China Southern Airlines, KLM Royal Dutch Airlines, Royal Dutch Airlines, “, Bar Association, Texas, M University Commerce, Apple, Microsoft, Netflix, Harry Potter of Kentucky Christian, Facebook, eBay, “ New York Times, Boston, Garden, MetLife, TED, AIs Locations: British, Avianca, Durden, ChatGPT, Taiwan, Kentucky, Hogwarts, Harry Potter of Kentucky, California, Madison, —

☆ Reddit will charge hefty fees to the many third-party apps that access its data
▼ + stars: | 2023-06-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Application programming interfaces (APIs) have long been the way that third parties access the data from large internet companies and connect to their apps. Reddit has a thriving ecosystem of apps, plugins, and services created by amateur and professional developers. Users and developers were outraged when Twitter said it would charge $42,000 for 50 million requests. Apollo said it paid about $166 for the same number of API requests from the online-image sharing service Imgur. While many companies charge for API use, Reddit has historically derived the bulk of its income from advertising.

Persons: Baumgartner, Reddit, Conde Nast, Elon Musk, Twitter, Reddit didn't Organizations: Advance Publications, Charter Communications, Warner Bros ., Twitter

☆ Hyro, a conversational AI startup for enterprise, raised $20 million in new funding using this 15-slide pitch deck
▼ + stars: | 2023-05-31 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Hyro, an AI tool for enterprise users, has raised $20 million in fresh funding. Founded in 2018 and launched in 2020, Hyro works with healthcare providers to replace chatbots. The company has raised new money from Macquarie Capital amid a boom in AI interest. Hyro, a conversational AI startup for enterprises, has raised $20 million in new funding. Founded in 2018, Hyro is a plug-and-play AI startup that provides conversational AI tools to sectors such as healthcare.

Persons: ChatGPT, Israel Krush, GPT, Krush Organizations: Macquarie Capital, Investors, Liberty Mutual Strategic Ventures, Black Opal Ventures, Hanaco Ventures, Spero Ventures, Ventures Locations: New York

☆ China's Baidu launches $145 million venture capital AI fund
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, May 31 (Reuters) - Chinese search giant Baidu Inc (9988.HK) will set up a venture capital fund of 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applications, it said on Wednesday. The company will also launch a competition for developers to build applications off its ERNIE large language model (LLM) or integrate the model into their existing products, it added. E-commerce giant Alibaba Group Holding Ltd (9988.HK) was among the other Chinese companies that followed quickly. In response to the surge of LLMs, China published draft regulations in April on the use of generative AI. ($1=6.9121 Chinese yuan renminbi)Reporting by Josh Horwitz, Samuel Shen and Jason Xue; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Ernie Bot, Josh Horwitz, Samuel Shen, Jason Xue, Clarence Fernandez Organizations: Baidu Inc, HK, Baidu, Alibaba, Holding, Thomson Locations: SHANGHAI, China, United States

☆ ChatGPT Secret Training Data: the Top 50 Books AI Bots Are Reading
▼ + stars: | 2023-05-30 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

To figure out what GPT-4 has read, they quizzed it on its knowledge of various books, as if it were a high-school English student. One way to answer the question is to look for information that could have come from only one place. Genre — sci-fi, mystery, romance, horror — is, broadly speaking, more interesting, partially because these books have plots where things actually happen. Bamman's GPT-4 list is a Borgesian library of episodic connections, cliffhangers, third-act complications, and characters taking arms against seas of troubles (and whales). See what a bot makes of Gene Wolfe's "The Book of the New Sun," maybe, or Sheri Tepper's "Grass."

☆ Chinese organisations launched 79 AI large language models since 2020 - report
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

BEIJING, May 30 (Reuters) - Chinese organisations launched 79 large-language models (LLMs) in the country over the past three years as they doubled down on efforts to develop artificial intelligence (AI) algorithms, a report by state-run research institutes said. In 2020, Chinese organisations released 2 LLMs, compared with 11 in the United States, but in 2021 there was a total of 30 LLMs released in each country, said the report published on Sunday. U.S. organisations in total released 37 LLMs the following year, to China's 28, according to figures compiled in the report, whose co-authors include the Institute of Scientific and Technical Information of China. "The United States has always ranked first in the world in terms of the number of large-language models." The report comes when the country's AI industry faces significant challenges as U.S.-led export controls restrict Chinese organisations from accessing semiconductors used to train LLMs, among other advanced computing tasks.

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