Baidu’s AI fund of $145M signals China’s drive for AI independence
The U.S. and China decoupling has created a divided tech scene between the two economies. This is influencing the hot area of generative artificial intelligence, which transforms text into different forms of content, such as prose, videos, or images.
In order to reduce its dependence on U.S. technology, China has developed large language models, which are similar to OpenAI’s GPT model. China’s most advanced AI efforts are being carried out by established internet giants such as Baidu, unlike in the U.S.
In March, the search engine giant and leader in autonomous driving launched its ChatGPT counterpart. The 23-year old firm now wants a stake in AI startups as well. The company wants to own a stake in AI startups. Robin Li, Baidu co-founder and CEO, announced the launch of an $145 million fund at a JPMorgan Summit in China.
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Baidu’s $145M AI fund signals China’s push for AI self-reliance
