GSR Ventures’ Allen Zhu sees the current investor interest generated by artificial intelligence start-ups that are building large language models as based on a ‘fear of missing out’.

IDG is one of the oldest venture firms in the market and has been in China since 1993, having invested in more than 1,600 companies, with 500 of them going public or getting acquired.

Chinese artificial intelligence champion SenseTime, known as a provider of AI systems for governments and companies, is now venturing into foreign consumer markets, initially Japan and South Korea.

Li Qiang, Vice-Premier Ding Xuexiang among Chinese leaders paying respects to the leading facial recognition expert and SenseTime co-founder, who died Friday.

Tang’s academic career at CUHK began in 1998, and he mentored many accomplished engineers and computer scientists, who would go on to spur China’s lead in artificial intelligence.

A research unit affiliated with China’s industry ministry predicts generative AI in China will produce US$4.2 trillion in economic value in the next 12 years.

Chinese AI company SenseTime has fended off short-seller accusations of questionable business practices, resulting in a stock hit but no change to its rating by some local analysts.

The person previously worked at the company’s intellectual property unit, the Hong Kong-listed company said.

Abdulla bin Touq Al Marri says one reason for trip to Belt and Road Summit in Hong Kong is to meet city tech firms that can broaden UAE’s oil-based economy.

The move follows similar efforts by other Chinese technology companies to open up their large AI models, following the government’s initial approval last month of commercial ChatGPT-like services.

The Chinese internet giant’s foundation artificial intelligence model provides a range of functions, including image creation, copywriting and text recognition, that can be applied in multiple industries.

Baidu, SenseTime, ZhipuAI and Baichuan have received government approvals to provide generative AI services to all users, the companies said.

Grace is currently accessible only to ByteDance corporate email account holders, who can log on and use the chatbot via its dedicated website.

GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures are being probed by the House select committee for investments in firms including Megvii, SenseTime and SMIC.

The Chinese capital accounts for 40 of around 80 large language models that have been launched in the country.

China aims to build a complete artificial intelligence value chain, from ‘smart chips and algorithm frameworks to industry-specific large language models’, according to a senior government official.

Chinese tech giants are the main attraction at the three-day World Artificial Intelligence Conference in Shanghai, as US firms maintain their distance.

Financial technology giant Ant Group said it is developing technology related to large language models (LLMs), while e-commerce conglomerate JD.com said it will launch its own model next month.

Generative artificial intelligence technology is bringing sweeping disruptions to certain traditional occupations in China and the country’s broader job market.

Equipped with a robotic arm, a display screen and a board, the robot can cover a wide range of abilities, according to SenseTime.

Ernie Bot performs better in a series of tasks than competing services from Alibaba, iFlyTek and SenseTime, according to Xinhua Institute.

The 2023 legislation plan of the State Council, China’s cabinet, includes the submission of a draft AI law, among more than 50 measures up for review by the National People’s Congress Standing Committee.

The Hugo Award-winning author of The Three-Body Problem said his experience with ChatGPT showed that the technology has the potential to replace ‘some human work’.

Zhihu will immediately start its internal test of the function called Sousuo Juhe, which uses a large language model that is similar to the artificial intelligence technology behind ChatGPT.

China’s accelerated push for artificial intelligence development shows the government’s resolve to close the gap with the US in this field.

Given restrictions on the mainland, Baidu’s AI Mate generates content based only on domestic references and avoids political queries.

Chinese AI company SenseTime unveiled its answer to ChatGPT on Monday, jumping onto the generative AI bandwagon as mainland firms race to commercialise the so-called large language model.

Shanghai currently has the largest number of intelligent chip-design enterprises in China, but it lacks top algorithm talent, experts said.

Speculation about retrenchment of workers in China’s AI industry reflects the uncertainties brought by US trade sanctions and further restrictions imposed by Washington.