- China accounts for 40% of the global volume of LLM.
- However, it slightly lags behind the US, whose share is already 50%.
- China's enthusiasm for generative AI, sparked by OpenAI's ChatGPT, has led to a surge in product announcements from various tech firms.
- The country now hosts around 130 large language models (LLMs), making up 40% of the global market, second only to the US.
- Despite the growth, investors are concerned about the similarities between offerings, increasing costs, and the lack of sustainable business models.
- US-China tensions have impacted the AI sector in China, with fewer US funds investing and AI chip shortages becoming problematic.
- Esme Pau from Macquarie Group predicts a shakeup in the sector with price wars and the phasing out of less capable LLMs in the coming year.
- Opinions vary on which firms will dominate the market, but there's a belief that major tech giants like Alibaba, Tencent, and Baidu have the edge due to their established ecosystems.
- Tony Tung of Gobi Partners GBA highlights that many startups in the space are struggling, with investors now showing more caution than earlier in the year.
9.23.2023
China's Rising LLM Wave: The Opportunities, Challenges, and Future Predictions in the AI Arena
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