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Baidu, SenseTime, Baichuan, and Zhipu are among the four Chinese tech firms that have recently launched their artificial intelligence (AI) chatbots to the public. This move comes after receiving government approval, as China aims to expand the use of AI products and compete with the United States in this field. Baidu’s chatbot, Ernie Bot, and SenseTime’s chatbot, SenseChat, are now fully accessible to users, according to statements from the companies. Furthermore, two AI startups, Baichuan Intelligent Technology and Zhipu AI, have also introduced their chatbots to the public.

This announcement has had a positive impact on the stock market, as shares in Baidu and SenseTime experienced a significant boost in early Hong Kong trading. Baidu’s shares rose by 3.1%, while SenseTime’s shares increased by 2.7%. These gains occurred despite the broader market trading 0.4% lower.

One key aspect that sets China apart from other countries is the requirement for companies to undergo security assessments and obtain clearance before releasing mass-market AI products. This regulatory measure ensures the safety and reliability of AI technologies in China. The government has recently accelerated efforts to support the development of AI, recognizing its growing importance and the competition with the United States. Chinese media have reported that a total of 11 firms, including ByteDance and Tencent Holdings, have received government approval for their AI products.

It remains uncertain whether Alibaba has obtained approval for its AI model, Tongyi Qianwen. However, an Alibaba Cloud spokesperson revealed that the company has completed the necessary filings, and the model is awaiting its official launch. The regulatory authorities are expected to release a list of approved companies in the coming week.

Being the first to market in China is crucial for companies operating in the highly competitive internet industry. Baidu’s Ernie Bot, for example, quickly rose to the top of the free app category on Apple’s App Store in China following the announcement. This early mover advantage allows approved companies to refine their products faster than their competitors.

Interestingly, OpenAI, the maker of ChatGPT, is projected to generate over $1 billion in revenue over the next year, according to reports. This further highlights the immense potential and profitability of AI technologies.

The recent approvals were widely anticipated after China implemented a set of interim rules to regulate generative AI products for public use. These rules became effective on August 15 and have allowed companies to expand their AI product tests, incorporate more features, and engage in extensive marketing. However, prior government approval is not required for products targeting business users.

The government’s decision to greenlight AI products could potentially lead to consolidation within the industry. Analyst Shawn Yang predicts that only companies with sufficient data and technological capabilities will be able to thrive, while others may struggle to keep up.

In conclusion, the public launch of AI chatbots by Baidu, SenseTime, Baichuan, and Zhipu demonstrates China’s commitment to advancing AI technologies and competing globally. The introduction of regulatory measures ensures the safety and quality of AI products in the Chinese market. The AI legalese decoder can play a critical role in helping companies navigate the complex legal and regulatory landscape associated with AI development and deployment in China, ensuring compliance and expedited approval processes.

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