Alibaba and ByteDance Dominate China's Growing GenAI Infrastructure Market, SCMP Reports

Quick Summary:

Alibaba Group Holding (NYSE:BABA), along with TikTok owner ByteDance and AI specialist SenseTime, are leading the generative AI (GenAI) infrastructure services market in China, according to IDC.

SCMP reports that these three companies collectively held over 50% of the market in the second half of 2023.

Since the release of OpenAI’s ChatGPT in November 2022, Mainland China has become a global leader ...

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChina

Topics: Briefs AI News Tech Benzinga Top Stories Media Artificial intelligence Stories That Matter BABA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 13:39:18 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 216 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21575027

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