Beijing To Support ChatGPT-Style AI Services

Authorities in China’s capital Beijing said they plan to support major firms in creating ChatGPT-style services, amidst a frenzy of investor interest around so-called generative artificial intelligence.

The city’s bureau of economy and information said it was looking to encourage breakthroughs in the field of large language models, the type of AI used by services such as ChatGPT to generate human-like conversations.

The ministry also said it would support enterprises, research institutes, open source communities and others in core AI technology innovation.

In its report the bureau said Beijing had 1,048 major AI companies as of October 2022, or 29 percent of the national total.

Competition

The report said Beijing has the biggest industrial agglomeration capacity in China, with a well-developed AI industry chain.

It has more than 40,000 professionals in core AI technologies and has produced the most published papers on AI in the country, the report said.

The number of smart factories and digitised workshops in Beijing reached 36 and 47, respectively, last year, the study found.

Major Chinese tech firms such as Baidu and Alibaba rolled out AI announcements last week amidst intense interest in ChatGPT and its creator, Microsoft-backed OpenAI.

Investor frenzy

Chinese mainland investors have sent AI-related shares surging in recent days as investors place speculative bets on the trend.

A UBS study found ChatGPT had gained 100 million users two months after launch, making it the fastest-growing consumer internet application in history.

Matthew Broersma

Matt Broersma is a long standing tech freelance, who has worked for Ziff-Davis, ZDnet and other leading publications

Recent Posts

X’s Community Notes Fails To Stem US Election Misinformation – Report

Hate speech non-profit that defeated Elon Musk's lawsuit, warns X's Community Notes is failing to…

1 day ago

Google Fined More Than World’s GDP By Russia

Good luck. Russia demands Google pay a fine worth more than the world's total GDP,…

1 day ago

Spotify, Paramount Sign Up To Use Google Cloud ARM Chips

Google Cloud signs up Spotify, Paramount Global as early customers of its first ARM-based cloud…

2 days ago

Meta Warns Of Accelerating AI Infrastructure Costs

Facebook parent Meta warns of 'significant acceleration' in expenditures on AI infrastructure as revenue, profits…

2 days ago

AI Helps Boost Microsoft Cloud Revenues By 33 Percent

Microsoft says Azure cloud revenues up 33 percent for September quarter as capital expenditures surge…

2 days ago