JD.com, NIO Stocks Fall After Xi-Biden Summit, Alibaba Warning
Alibaba's news that it won't spin off its cloud unit due to expanded U.S. export controls on chips is hurting shares.
Source: marketwatch.com
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Tencent has Nvidia AI chip stockpile but is now looking local
US move to ban the export of more chips to China will force Tencent to use existing stock more efficiently and seek Chinese alternatives
Source: businesslive.co.za
baidu: Baidu CEO warns China's rush to develop AI models risks wasting resources
The head of one of China's leading AI firms, Baidu, warned on Wednesday that the fervor rushing to develop large language models in China could lead to a waste of resources, saying firms needed to focus their efforts on developing practical applications.
Source: indiatimes.com
Baidu CEO warns China's rush to develop AI models risks wasting resources
Robin Li made his comments at an industry forum in Shenzhen amid mounting market worries over a potential industry shakeout as companies developing large language models have yet to find viable business models.
Source: moneycontrol.com
Baidu CEO warns China's rush to develop AI models risks wasting resources, ET Telecom
Baidu: "A large language model itself is a basic foundation akin to an operating system, but ultimately developers need to rely on a limited number of large models to develop various native applications. Therefore, constantly redeveloping foundational large models represents an enormous waste of social resources," Li said.
Source: indiatimes.com