Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI
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China's AI industry is experiencing a surge, with the country now processing 140 trillion tokens daily and Chinese AI models surpassing US models on OpenRouter. The AI boom has rescued China's big tech companies, with Alibaba, ByteDance, and Tencent investing in open-source models and chatbots.
China has introduced a new term, ciyuan, for token. The National Data Administration disclosed that China processes 140 trillion tokens daily. Chinese AI models have surpassed US models on OpenRouter. Investors have bought into the AI boom, with IPOs in Hong Kong at a five-year high. Big tech companies like Alibaba, ByteDance, and Tencent are investing in AI. Alibaba's Qwen models are a compelling option for startups. ByteDance's chatbot, Doubao, is China's most-used AI app. Tencent has launched ClawBot, a chatbot within WeChat.
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