Business News Report

China Grants Approval for 14 LLMs and Business Applications, Accelerating AI Integration in Multiple Sectors

In Brief

This year, China has given the green light to its inaugural set of 14 Large Language Models and enterprise applications for commercial utilization.

This year, China has authorized its first collection of large language models (LLMs) that serve as the backbone for training technologies similar to ChatGPT. As reported by various companies, including Xiaomi, Beijing Fourth Paradigm Technology, and AI startup 01.AI, a total of 14 LLMs along with business applications have recently been sanctioned by regulatory authorities for commercial deployment.

This decision is in line with the growing role that domestic tech firms play in fostering the extensive use of AI throughout various industries.

The new batch includes several industry-specific LLMs , in contrast to the general AI models The number of government-approved LLMs and related applications in China has surpassed 40, indicating a strong focus on enhancing operational efficiency within enterprises through AI development and regulation.

Chinese Government Endorses AI Innovations

Several firms received regulatory approval from the Chinese authorities for their LLMs earlier this month.

Frontis.AI, a startup founded in 2021 by ex-JD.com senior vice president Zhou Bowen, secured approvals for its LLM offerings, ‘Pinshang’ and ‘Moxiaoxian’. These models aim to deliver valuable industry insights and innovative marketing strategies to consumer product companies. The startup expects to offer more tailored services to its business clients. support for product Moreover, LLMs crafted by cybersecurity firm ThreatBook and XinYi Tech, a video solutions provider, have also received official approval. ThreatBook's XGPT model stands out as the first LLM specifically designed for helping enterprises efficiently analyze significant security threats. On the other hand, XinYi Tech's LLM focuses on AI-powered tools for generating and processing video content. These tools are aimed at various applications in fields like advertising, education, media, and e-commerce.

A notable example of AI application is an advanced resume-enhancement tool provided by Zhaopin, a major online job platform in China. Additionally, chatbot solutions devised by Beijing Zhidemai Tech and iReader Technology, catering to the mobile books, magazines, and comics market, also gained the necessary approvals. internet security AI Development Amidst Discussions on Resource Allocation Challenges

Chinese enterprises have been energetically exploring AI product development, fueled in part by global trends. e-commerce However, some industry leaders have expressed concern that the fervent interest in LLMs in the country represents a considerable misallocation of resources.

Robin Li Yanhong, the founder and CEO of a prominent digital search and AI company, has called on the government to intensify efforts in developing applications, with the goal of making more services akin to ChatGPT available in the market. To date, there are believed to be 238 LLMs in China, the majority of which are still pending government approval.

The latest approvals come on the heels of an initial rollout of generative AI services to the public back in August 2023. Last year marked the establishment of a new governmental organization, the China Electronic Standardisation Institute, which is responsible for guiding the implementation of a national standard for LLMs. OpenAI’s ChatGPT release .

China’s recent endorsement of a new set of LLMs reaffirms its dedication to pushing the envelope in AI, highlighting a concerted movement by local tech companies to advocate for easier AI adoption across various sectors.

Please be aware that the information presented here is not designed and should not be construed as legal, tax, investment, or financial advice. Always invest only what you can afford to lose and consider seeking independent financial counsel if you have any uncertainties. For additional insights, we recommend checking the terms and conditions and support pages offered by the involved issuer or advertiser. MetaversePost aims to deliver accurate and impartial information, but market conditions can change at any moment. Baidu Alisa is a committed journalist at Cryptocurrencylistings, specializing in cryptocurrency, zero-knowledge proofs, investments, and the wide-reaching domain of Web3. With a sharp eye for emerging trends and technologies, she provides thorough coverage to engage and inform readers within the fast-evolving landscape of digital finance.

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