Tag: China

ByteDance, the company behind TikTok, is experimenting with an AI chatbot called Grace to join the trend with other Chinese tech giants. For now, it's for internal testing only and has been built within Feishu, an enterprise collaboration platform. ByteDance began exploring a chatbot named Tako in May to assist with content search on TikTok.

Peakview Capital's recent $150m fund diversified its investor base without commitments from mainland China. The US fund of funds focuses on investing in ten high-performing funds, including those managed by Andreessen Horowitz and Lightspeed Capital Partners.

Investor caution may be masked by AI stock surges and equity indices, but the market is expected to remain stable if the US recession is avoided. Barclays analysts recommend holding residual Value and Cyclicals exposure, exploring opportunities in small caps and China, and international equity holdings versus US. Expect mild earnings and margins contraction in '23.

Sequoia Capital is dividing into three entities to enhance investment efficiency among their competing start-ups. Shen will remain the head of the Asian arm, dispelling power struggle rumors. Learn more here.

Chinese start-ups have emerged as major competitors in the AI chatbot market, challenging the dominance of OpenAI and Google. Tencent, Alibaba, and Baidu are among the brands competing to develop more intuitive and efficient chatbots, backed by innovative new products and strong funding. These companies face the challenge of winning over loyal Chinese consumers, but have the potential to disrupt the market as they race to become AI chatbot leaders.