China’s AI start-up funding triples to US$16b in first quarter amid bets on LLMs, robotics
China's funding for AI start-ups surged to $16 billion in the first quarter of the year. This increase reflects a growing interest in large language models and robotics. The significant investment highlights the country's ambition to lead in AI technology.
- ▪China's AI start-up funding reached $16 billion in the first quarter of 2023.
- ▪The funding tripled compared to previous periods, indicating a strong market interest.
- ▪Investors are particularly focused on large language models and robotics.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.