HONG KONG, Sept 22 (Reuters) — 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 (0700.HK) executive described this month as “war of a hundred models”, as it and rivals from Baidu (9888.HK) to Alibaba (9988.HK) 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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