February 8, 2023
As ChatGPT, the most recent chatbot released by US-based AI research company OpenAI, has gained wide popularity since its debut in November and revolutionized the AI field due to its advanced conversational capabilities, Chinese tech companies are upping the ante in the quickly expanding artificial intelligence-generated content sector.
With the aid of AI-generated content that mimics humanlike responses, ChatGPT can help people with things like writing essays and scripts, creating business proposals, and even finding software bugs—all within a matter of seconds.
Chinese AI firms including Cloudwalk Technology and Speechocean saw their shares rise by the daily limit of 20% on the science and technology innovation board as the A-share market for AIGC-related equities continued to rise.
Experts predicted that AIGC would liberate human creators from laborious duties and serve as a new engine for creativity in the production of digital content. It has a wide range of commercial applications in industries like culture, media, entertainment, and education.
Chinese internet giant Baidu Inc. stated on Tuesday that internal testing of “Ernie Bot,” an OpenAI ChatGPT-like AI chatbot service, will be finished in March.
The Beijing-based company has spent a significant amount of money creating its Ernie system, a large-scale machine-learning model with extensive semantic understanding and creation capabilities that has been trained on vast data over several years.
The co-founder and CEO of Baidu, Robin Li, predicted in January that in the coming decade, AIGC will challenge the status quo of content production, and that AI has the capacity to supply the enormous demand for content at a tenth of the cost and a hundred or thousand times faster.
Chinese software company Byte-Dance has released Jianying, an AI-powered short-video editing tool that enables users to create original videos by merely entering a few keywords or a line of text.
The AI industry has developed significantly in China. China continued to lead the world in the number of AI journals, conference papers, and related publications in 2021, according to a Stanford University research, and it filed more than half of the world’s AI patent applications.
According to Chen, Baidu, Tencent, and Alibaba have heavily invested in promoting the use of AI in business, and some Chinese unicorns have experienced rapid growth in recent years. However, he pointed out that in terms of overall innovation capabilities and core R&D contributions, Chinese IT businesses fall behind top-tier global rivals.
Source: ChinaDaily.com
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