China’s Baidu Inc. has launched a $140 million fund to invest in Chinese start-ups exploring generative artificial intelligence (AI), joining worldwide investors eager to ride the ChatGPT-like services wave. Baidu is China’s premier Internet search engine, and the incubation project partners with one of China’s most high-profile investment firms, IDG Capital, to assess and select founders’ pitches. The start-ups will then build demo products before receiving seed funding. Baidu, along with the VC partners, will evaluate proposals from start-ups planning to operate on their Ernie AI model. China’s frenzy around AI investments began after OpenAI’s ChatGPT created a media frenzy in November.
Baidu invests $140 million in ChatGPT-like startups
Date:
Frequently Asked Questions (FAQs) Related to the Above News
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
More like thisRelated
Obama’s Techno-Optimism Shifts as Democrats Navigate Changing Tech Landscape
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?
Tech Evolution: From Obama’s Optimism to Harris’s Vision
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?
Tonix Pharmaceuticals TNXP Shares Fall 14.61% After Q2 Earnings Report
Tonix Pharmaceuticals TNXP shares decline 14.61% post-Q2 earnings report. Evaluate investment strategy based on company updates and market dynamics.
The Future of Good Jobs: Why College Degrees are Essential through 2031
Discover the future of good jobs through 2031 and why college degrees are essential. Learn more about job projections and AI's influence.