China’s 4 new ‘AI tigers’ – Baichuan, Zhipu AI, Moonshot AI and MiniMax – emerge as investor favourites

A group of artificial intelligence (AI) start-ups are emerging as China’s best hopes for reaching the frontier of ChatGPT-like technology, as they draw increasing attention from users and investors. Among them, Baichuan is the latest to complete a new round of fundraising. While the start-up told the Post on Thursday that there had been some … Read more

Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

“I believe in applications and those that can commercialise immediately,” said Zhu, who indicated that he did not invest in any LLM-focused company on the mainland last year. Sample code for an artificial intelligence large language model. Photo: Shutterstock Li pointed out that there were too many LLMs being introduced in mainland China, “but too … Read more

Alibaba said to lead new financing round for Chinese AI firm MiniMax that would value the start-up at over US$2 billion

Shanghai-based MiniMax, which was founded in 2021, is in the process of raising new funding that would value the company at more than US$2 billion, another investor with knowledge of the matter said. The two investors requested anonymity because they are not authorised to speak to the media. A report by Bloomberg on Tuesday said … Read more

Chinese Women Are Ditching Real Men For ‘Perfect’ AI Boyfriends Instead

The speedy upward trajectory of Artificial Intelligence has brought about a fascinating trend among Chinese women – a growing preference for virtual companionship over traditional relationships. One of these women is Tufei, a 25-year-old Chinese office worker hailing from Xi’an. She has discovered solace and companionship in a chatbot on the “Glow” app, created by … Read more