Chinese tech giant Baidu is launching a $145m venture fund to support AI-focused start-ups, along with a developer competition for its language model ERNIE. This follows similar initiatives from Google and OpenAI, as companies race to acquire start-ups in generative AI. Baidu's billionaire founder, Robin Li, co-founded the company in 2000 and is also involved in autonomous vehicle technology.
. Chinese tech giant Baidu is leading the way in Artificial Intelligence, with their CEO Robin Li recently announcing that their chatbot Ernie will only provide answers that are in line with China's core socialist values. Based on probabilistic models, Ernie could potentially answer questions related to politics. Residing in a grey legal area, Baidu must now await government approval before its official launch. With years of experience in mastering both Chinese culture and regulation, they are well-placed to produce a socially acceptable chatbot.
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?