AI Boom in China: Who Will Be the Winner?

The Chinese government released the “Artificial Intelligence Development Plan” in 2017, paving the way for the development of AI in the country. Major Chinese IT companies such as Alibaba, Tencent, and Baidu have actively engaged in AI development and have already introduced a range of AI-based products and solutions. However, which companies are the focus of attention and which ones could emerge as winners in this race?

Tencent

One of the key players is Tencent, which has launched its AI model called “Hunyuan”. Hunyuan integrates successfully with Tencent’s video conferencing and social networking products, allowing the company to remain competitive in the communications market. It is also geared towards business applications, making it useful for various companies.

Baidu

Baidu is a Chinese company that is a global leader in artificial intelligence. It has released over 10 new applications based on this technology, which have found applications in various fields.

One such application is WPS AI, which is integrated with artificial intelligence and developed in collaboration with Kingsoft Office. It helps users in document processing, content creation, and other tasks. With this application, users can search documents, summarize and translate text, and create content.

Baidu has also developed applications that aid in traffic management. They are based on the use of artificial intelligence and help improve road safety, optimize traffic, and prevent accidents. These applications utilize traffic data obtained from users and other sources to provide up-to-date information about road conditions and warn about potential issues.

Baidu is actively developing the Baidu Qianfan cloud platform, which is used by around 10,000 enterprises every month. It provides users with the ability to store and process data, as well as develop and launch AI-based applications. Over 6 million users have already utilized the AI-based tool presented in Baidu’s cloud product, similar to Google Drive.

Alibaba

Alibaba, one of the largest e-commerce and cloud computing companies, continues to actively develop in the field of artificial intelligence (AI). Recently, the company announced that it is opening its Tongyi Qianwen artificial intelligence model to third-party developers. Tongyi Qianwen is a large language model (LLM) that has been trained on a massive amount of data.

LLM serves as the foundation for generative AI applications. Researchers, scientists, and companies can use this model to create their own generative AI applications. Companies with over 100 million active users per month may be granted a free license from Alibaba to use the model.

Opening the source code of the model will help attract more users who can implement it into their projects. This will create opportunities for broader use of AI in various fields such as medicine, finance, education, and others. Companies working in the cloud services industry may also show interest in the LLM model as it can be integrated into their products and services.

Artificial intelligence and chatbots are becoming mainstream not only in China but also in the United States. Both countries are actively developing the field of AI and see tremendous financial opportunities in it. The use of AI can help companies maximize profits and reduce costs in various sectors of the economy.

Analytical Conclusion

Chinese companies such as Alibaba, Tencent, and Baidu are actively investing resources and efforts into the development and application of artificial intelligence. They are releasing their own AI models and applications that are being integrated into various business sectors, including video conferencing, social networks, traffic management, financial research, and logistics. The Chinese AI market is growing rapidly, and significant financial opportunities are expected in this field.