Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applications, it said on Wednesday.
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lowill set up a venture capital fund of 1 billion yuan to back start-ups focused on content generated by artificial intelligence applications, it said on Wednesday.
The company will also launch a competition for developers to build applications off its ERNIE large language model or integrate the model into their existing products, it added. Chinese tech companies have raced to release their own LLMs following the dramatic success of ChatGPT, the AI-powered chatbot released by Microsft-backed
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