Artificial intelligence startups aim to fill the gap in China as OpenAI’s ChatGPT became unavailable in the country.
Four Chinese startups focusing on generative artificial intelligence (AI) have each surpassed $1 billion in valuation as the race to compete with rivals like OpenAI hots up.
The new unicorn companies reportedly include Zhipu AI, Moonshot AI, MiniMax, and 01.ai. These companies have received support from local investors and are now looking to onboard talent to develop AI products.
OpenAI remains in the lead in terms of valuation and tech development. On Feb. 17, the San Francisco-based AI firm inked a deal that increased its valuation to over $80 billion.