HONG KONG ¨C China¡¯s craze over generative artificial intelligence has triggered a flurry of product announcements from startups and tech giants on an almost daily basis, but investors are warning a shakeout is imminent as cost and profit pressures grow.
The buzz in China, first ignited by the success of OpenAI¡¯s ChatGPT almost a year ago, has given rise to what a senior Tencent executive described this month as ¡°war of a hundred models,¡± as it and rivals from Baidu to Alibaba to Huawei promote their offerings.
China now has at least 130 large language models (LLMs), accounting for 40% of the global total and just behind the United States¡¯ 50% share, according to brokerage CLSA. Additionally, companies have also announced dozens of ¡°industry-specific LLMs¡± that link to their core model.
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