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China becoming close rival of ChatGPT: Microsoft President

23Apr

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Technology

China becoming close rival of ChatGPT: Microsoft President

[ad_1] Microsoft President Brad Smith on Saturday warned that Chinese research organisations and companies will emerge as major rivals of ChatGPT, according to a report in Nikkei Asia.The tech giant is the biggest investor in OpenAI, the developer of the AI-powered chatbot. Smith said China will not be far behind as competition heats up among US technology giants such as Amazon and Google in the development of generative AI, according to Nikkei Asia. "We see three at the absolute forefront," Smith said in an interview in Tokyo with Nikkei Asia. One is Open AI with Microsoft, the second is Google, and "the third is the Beijing Academy of Artificial Intelligence. ""Who's ahead and who's behind can change a bit from one part of the year to another, but one thing has been absolutely constan...

ChatGPT Fervor Is So Hot That Chinese Firms Call for Caution

[ad_1] The fast and furious rally in China's ChatGPT shares looks set to fade as tech firms caution they're nowhere close to turning a profit in this field. Beijing Deep Glint Technology Co. stumbled as much as 10.2% before ending flat on Monday after the company said it doesn't have the capability to offer ChatGPT-linked products. That may be a foretaste of what's to come even as firms such as Cambricon Technologies Corp. and TRS Information Technology Corp. jumped over 5% to extend their recent gains. Caution toward AI-related shares is setting in after investors rushed to capitalize on what's being billed as a watershed development for the tech industry. Some market watchers are warning that the hype isn't supported by fundamentals, drawing comparisons between the rally and the...

Beijing to support key firms in building ChatGPT-like AI models

[ad_1] China's capital Beijing will support leading enterprises in building large artificial intelligence (AI) models that can challenge ChatGPT, the city's economy and information technology bureau said on Monday. The city will support key firms to invest in building an open source framework and accelerate the supply of basic data, it said in a statement. The bureau also said that 1,048 core AI companies, or 29% of the country's total, were located in Beijing as of October last year, and that it would look into ways to cultivate talent and conduct research in areas such as ethical governance. Microsoft-backed OpenAI's hit chatbot ChatGPT has become the fastest-growing consumer application in history and is rapidly raising awareness in China about how advanced U.S. AI is. While...