China lets Baidu, others launch ChatGPT-like bots to public, tech shares
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[August 31, 2023] By
Josh Ye and Urvi Manoj Dugar
(Reuters) -Five Chinese tech firms, including Baidu Inc and SenseTime
Group, on Thursday launched their artificial intelligence (AI) chatbots
to the public after receiving government approval, as China's government
pushes to widen the use of such products amid competition with the
United States.
Baidu, China's leading online search provider, said in a statement that
its ChatGPT-like chatbot, Ernie Bot, was now fully accessible to the
public. A SenseTime spokesperson told Reuters via email that its chatbot,
SenseChat, was also now "fully available to serve all users".
Three AI start-ups, Baichuan Intelligent Technology, Zhipu AI and
MiniMax, also announced similar public launches on Thursday.
Shares in Baidu and SenseTime jumped in Hong Kong trade, gaining 2.1%
and 2.3% respectively in a broader market that was trading 0.55% lower.
Unlike other countries, China requires companies to submit security
assessments and receive clearance before releasing mass-market AI
products.
Authorities have recently accelerated efforts to support companies
developing AI as the technology increasingly becomes a focus of
competition with the United States.
Chinese media reported that a total of 11 firms had received approvals
from the government, including TikTok owner ByteDance and Tencent
Holdings. Neither company immediately responded to requests for comment
about their AI plans.
Baidu's CEO Robin Li said on Thursday that by making Ernie Bot widely
available, Baidu would "collect massive amount of valuable real-world
human feedback" to further improve the chatbot.
Baidu also plans on releasing a series of "AI-native apps", the company
said.
EARLY MOVER ADVANTAGE
It is unclear whether Alibaba has received approval as of this week. But
an Alibaba Cloud spokesperson told Reuters that the company had
completed filings for its AI model, Tongyi Qianwen, and that the model
was awaiting its official launch.
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Baidu sign is seen at the World
Artificial Intelligence Conference (WAIC) in Shanghai, China July 6,
2023. REUTERS/Aly Song
The person also said the company expected the regulators to release
a list of companies with approvals within the coming week.
Being the first to market in China is considered critical for the
country's cut-throat internet industry. Baidu's Ernie Bot topped the
free app category on Apple's App Store in China on Thursday after
the announcement.
"I think the ones that got approved have an early mover advantage to
be able to fine-tune their product faster than competitors," Kai
Wang, an analyst at Morningstar.
ChatGPT-maker OpenAI, which is backed by Microsoft, is on track to
generate more than $1 billion in revenue over the next 12 months,
tech-focused publication The Information reported on Tuesday.
The approvals were widely anticipated after China published a set of
interim rules aimed at regulating generative AI products for the
public that went into effect on Aug. 15.
Previously, companies were only allowed to conduct small-scale
public tests of AI products but with the new rules, companies have
widened their AI product tests by enabling more features and
engaging in more marketing. Prior government approval is not needed
for products targeting businesses.
Shawn Yang, an analyst at Blue Lotus Capital Advisors, said the
government's move to greenlight AI products could spark
consolidation in the industry.
"Many people were rushing into the large language model business,"
he said, "But the industry may soon consolidate. Only those with
data and tech capability will be able to push forward."
(Reporting by Urvi Dugar and Jyoti Narayan in Bengaluru, and Josh Ye
in Hong Kong; Editing by Tomasz Janowski, Richard Chang, Brenda Goh,
Miral Fahmy, Gerry Doyle and Alex Richardson)
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