HONG KONG/BEIJING : Chinese artificial intelligence startup Baichuan said on Tuesday it has raised $300 million from investors including Chinese tech giants Alibaba and Tencent.
China's craze over generative AI has triggered a flurry of product and fundraising announcements from startups and tech giants, as the industry races to find a homegrown rival to OpenAI's ChatGPT. Investors have warned, however, that a shakeout is imminent as cost and profit pressures grow.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: