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Published on: 24. July 2023

Tech billionaires outdo each other with AI investments

MIDU Booth at 2023 WAIC in Shanghai SHANGHAI, CHINA - JULY 8, 2023 - Visitors visit the MIDU booth at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 8, 2023. MIDU, a language intelligence technology company, took advantage of ChatGPT s hot air trend and demonstrated a versatile AI model at the World Artificial Intelligence Conference: in addition to knowledge questions and answers, it can also write public opinion analysis reports, customize personal virtual travel illustrations, customize postcards and poems. Shanghai Shanghai China PUBLICATIONxNOTxINxFRA Copyright: xCFOTOx originalFilename: cfoto-miduboot230713_npTGb.jpg

The first responses of Baidu and other Chinese tech companies to ChatGPT were hardly convincing. Thanks to massive investments, the gap seems to be closing. China's IT companies have fully entered the race. But the shortage of US chips remains a significant problem.

Jörn Petring

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Last updated: 24. July 2025

Alibaba Artificial intelligence Baidu Chips Technology
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