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Chinese AI companies are waging a full-fledged price war in hopes of finding ways to commercialise their large language models, with Tencent the latest tech giant to slash prices for its products.
Baichuan, Zhipu AI, Moonshot AI and MiniMax are amassing billions of yuan of funding from domestic tech giants, venture capitalists and state-backed investors.
Moonshot AI recently pocketed another $1 billion in a fresh funding round that roped in its shareholders including HongShan.
Beijing-based Moonshot AI, known in Chinese as Yuezhi Anmian, was valued at about US$2.5 billion in its latest funding round.
In 2023, China witnessed the emergence of ten new artificial intelligence unicorn startups, each valued at over US$1 billion. This development adds to the ... 01.AI, AIGC, Artificial Intelligence, Baichuan AI, Baichuan Intelligence, currency, Education, Generative AI, Huawei, investment, IPO, Kai-Fu Lee, Mejia Technology, Minimax, NIO, Renminbi, robotics, search engine, SenseTime, Sogou, Startup, technology, University, venture capital, Yuan, Zhipu AI, Zhiyuan Robotics