On April 10, Wang Xiaochuan, the founder of the search engine company Sogou, made an announcement that a new artificial intelligence venture will be established, called Baichuan Zhineng. According to Wang’s words, the startup intends to provide general AI services for search, education, and healthcare. To achieve this, the Baichuan Zhineng team will work to move forward language AI developments. Additionally, they have already started training a large model with 50 billion parameters, making “smooth progress”. Within the statement, Wang also set forth his plan to release the best large model in China and introduce disruptive products before the end of 2021. According to the announcement, the startup already obtained $50 million in funding, aiming to reach a total of 50 team members this month.
The company Baichuan Zhineng was created by the renowned entrepreneur Wang Xiaochuan. He is best known for being the founder of the tech company Sogou, a search engine which went public on the US stock market in 2017. Apart from this, Wang is renowned for his involvement in many tech startups and investments, as well as for his role in pushing China’s AI sector forward. Through Baichuan Zhineng, Wang Xiaochuan hopes to make a significant impact to the world of AI.
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