Chinese startups with support from Alibaba, Xiaomi and other corporate giants are posing a serious threat to OpenAI and Amazon-backed Anthropic's face recognition technology.

Quick Summary:

Four Chinese artificial intelligence (AI) start-ups have achieved ‘unicorn’ status, with valuations exceeding $1 billion.

The company, which now boasts a valuation of $2.5 billion, has received support from major firms like Alibaba Cloud, Tencent, and Xiaomi.

Moonshot AI, founded by a former student of a Zhipu founder, was valued at $2.5 billion in a $1 billion investment round announced in February.

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Category: Technology

Markets: United StatesChina

Topics: Tech Consumer Tech General News Anthropic Zhipu AI Alibaba Stories That Matter AMZN US0231351067 US5949181045 MSFT 01.AI Moonshot AI BABA OpenAi DXYZ Pooja Rajkumari MiniMax Benzinga

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-03 @ 09:23:46 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 20862334

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