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SenseTime Soars on Speculation; It Will Create AI Rival to ChatGPT

5Apr

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Technology

SenseTime Soars on Speculation; It Will Create AI Rival to ChatGPT

[ad_1] SenseTime Group Inc. rose its most in two months after speculation spread among investors that China's most valuable specialist AI company was preparing to launch a challenger to artificial intelligence phenomenon ChatGPT.Shares spiked 13% on Tuesday after talk spread on social media that the SoftBank Group Corp.-backed firm would unveil a large-scale AI model in coming days, joining the hordes of software companies now seeking to compete with OpenAI's creation. A SenseTime representative confirmed the company will soon send out invitations to a media event, without further details. Shanghai-based SenseTime, best known as a leader in AI-powered computer vision, would be joining an already crowded race to develop generative AI. Services like Midjourney, OpenAI's Dall-E and convers...

Chip war and censorship hobble Chinese tech giants in chatbot race

[ad_1] Search giant Baidu's lacklustre unveiling of its chatbot exposed gaps in China's race to rival ChatGPT, as censorship and a US squeeze on chip imports have hamstrung the country's artificial intelligence ambitions.The highly anticipated preview of "Ernie Bot" last week was limited to a pre-recorded demonstration with simple questions to summarise the plot of a sci-fi novel and solving a straightforward algebra equation -- to avoid politically and factually incorrect answers. From cloud computing to autonomous driving, none of the array of services Baidu had earlier promised its Ernie Bot could do were on display. The firm's shares plunged as much as 10 percent during the unveiling, although they rallied the following day on positive reviews from brokerages including Citigroup, w...

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...