China’s craze over generative artificial intelligence has triggered a flurry of product announcements from startups and tech giants on an almost daily basis, but investors are warning a shake out is imminent as cost and profit pressures grow.
Baidu’s co-founder and Chief Executive Officer (CEO) Robin Li showcases artificial intelligence powered chatbot known as Ernie Bot by Baidu, during a news conference at the company’s headquarters in Beijing, China March 16, 2023. Baichuan was started by Wang Xiaochuan, founder of China’s No.2 internet search engine Sogou Inc, and became one of the first five companies to receive Beijing’s approval to release a public chatbot in late August.
