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Alibaba, Tencent Cast Wide Net for AI Upstarts - WSJ https://t.co/YA6hUWDxTy
Since 2023, Chinese investors, including Alibaba and Tencent, have valued 6+ China-based startups developing LLMs, dubbed "Little AI Dragons", at $1B+ each (Wall Street Journal) https://t.co/qrO8rzQpD2 📫 Subscribe: https://t.co/OyWeKSQRTe https://t.co/m9Kw8YAG9Z
China’s internet giants are betting billions on incubating the country’s OpenAI challengers, with Alibaba and Tencent leading the charge. @raffaelehuang @Tracyyyqu https://t.co/qut5pSZOR1 https://t.co/qut5pSZOR1
Alibaba and Tencent are heavily investing in China's AI sector, focusing on startups developing large language models (LLMs). These investments, part of a broader strategy to incubate OpenAI competitors, have led to the valuation of over six China-based startups, known as 'Little AI Dragons', at over $1 billion each. Other Chinese tech giants like ByteDance and Xiaomi are also exploring growth opportunities in emerging markets, particularly in Southeast Asia. The investments highlight a significant push by Chinese internet giants to maintain and expand their influence in the global tech landscape.
