Chinese AI applications now have bigger aims — they're looking beyond chatbots

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Chinese AI applications now have bigger aims — they're looking beyond chatbots
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A slew of releases in the last week demonstrate how Chinese companies have moved quickly with AI models that compete with OpenAI's ChatGPT.

A slew of releases last week demonstrate how Chinese companies have moved quickly with artificial intelligence models that compete with OpenAI's ChatGPT.

"We believe that China's AI sector is advancing at a pace comparable to that of the United States," Jo Huang, head of private equity at Raffles Family Office, said in an email.Now, many companies in China are increasingly building on that foundation to develop products that look to go beyond a chatbot.

"We believe that China's AI sector is advancing at a pace comparable to that of the United States," Jo Huang, head of private equity at Raffles Family Office, said in an email. She said the firm is considering investing in a leading China AI deep tech fund in order to capture the local opportunity. But a bigger challenge can be getting companies to give AI access to proprietary data, or using AI-generated content commercially.

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