Chinese Tech Giants Invest $300 Million in AI Startup Racing to Develop ChatGPT Rival

Alibaba, Tencent, and Xiaomi have invested $300 million in Baichuan, a Chinese AI startup developing ChatGPT-like services.

Baichuan is one of many Chinese AI firms trying to compete with Microsoft, OpenAI, and leading US companies.

Chinese tech giants like Baidu are pouring billions into AI research and development.

Baichuan has released 4 open-source language models and is working on 2 proprietary platforms.

The US-China AI competition has implications for technology dominance and economic growth.