There are currently at least 130 major language models (LLMs) in China; This accounts for 40% of the world’s total and the US’s 50%. But many are struggling to create viable business models, roll out similar offerings, and struggle with rising costs.
Ongoing tensions between Beijing and Washington also put pressure on the sector; US dollar funds are becoming more cautious about investing in China’s early-stage AI projects and are experiencing difficulties sourcing AI chips from companies like Nvidia.
Analysts predict consolidation and price wars as companies compete for users and only the strongest players will survive.
Source: Ferra
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