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Baichuan
Baichuan AI (Baichuan; ) is an artificial intelligence (AI) company based in Beijing, China. As of 2024, it has been dubbed one of China's "AI Tiger" companies by investors. Background Baichuan was founded in April 2023 by Wang Xiaochuan who had founded Sogou and was previously its CEO. Wang named the company after the phrase "A Hundred Rivers" and had secured $50 million in seed capital. He also reached out to former subordinates at Sogou to join the new company. In October 2023, a $300 million fundraiser was held for Baichuan. Investors included Tencent, Alibaba Group, Shunwei Capital and Xiaomi. In July 2024, Alibaba Group participated in a $691 million fundraiser for Baichuan valuing it at $2.8 billion. Products Baichuan In June 2023 Baichuan launched Bachuan1, an open-source large language model which was used by researchers at universities. In November 2023, Baichuan2 was released. Its context window could handle around 350,000 Chinese chara ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wang Xiaochuan
Wang Xiaochuan (; born 3 October 1978) is a Chinese Internet entrepreneur and investor. He is the founder and former chief executive officer of Sogou. He has also founded Baichuan, an artificial intelligence company. Early life and education Wang was born in 1978 in Chengdu, Sichuan Province. Wang began using computers and writing software when he was seven. Since elementary school, Wang received prizes in programming contests aimed at middle school students. In 1990, Wang ranked NO.1 in the city-wide admission exam to Chengdu No.7 High School (middle school). In 1993, Wang was admitted to Chengdu No.7 High School (high school) after winning the first prize in the National Mathematics Competition. In 1994, Wang completed all proof of elementary geometry proposition for the first time, using a microcomputer with Wu's elimination method. For this work, he won the Yilida Youth Invention Award (an award initiated by Nobel Laureate Chen Ning Yang). In 1994, when Vice Premier ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zhipu AI
Zhipu AI (智谱AI), formally known as Beijing Zhipu Huazhang Technology, is a Chinese technology company specializing in artificial intelligence. As of 2024, it is one of China's "AI Tiger" companies by investors and considered to be the third largest LLM market player in China's AI industry according to the International Data Corporation. History The startup company began from Tsinghua University and was spun out as an independent company. In 2023, it raised 2.5 billion yuan with the help of Alibaba Group Holding and Tencent Holdings. Other investors of the company include Ant Group, Meituan, Xiaomi and HongShan. In May 2024, Prosperity7 Ventures, LLC, a Saudi Arabian finance firm, funded Zhipu AI US$400 million. In March 2024, Zhipu AI said that they were developing a Sora-like technology to achieve artificial general intelligence (AGI). In July 2024, they debuted their "Ying" text-to-video model. After OpenAI announced an API block for their services in some area ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moonshot AI
Moonshot AI (Moonshot; ) is an artificial intelligence (AI) company based in Beijing, China. As of 2024, it has been dubbed one of China's "AI Tiger" companies by investors with its focus on developing large language models. The company has attracted significant investment and gained attention for its chatbot, ''Kimi'', and its rapid technological advancements. Background Moonshot was founded in March 2023 by Yang Zhilin, Zhou Xinyu and Wu Yuxin. It was launched on the 50th anniversary of Pink Floyd’s The Dark Side of the Moon which was Yang's favorite album and the inspiration for the company's name. Yang has stated his goal for founding Moonshot AI is to build foundational models to achieve AGI. Yang's three milestones are long context length, multimodal world model, and a scalable general architecture capable of continuous self-improvement without human input. In October 2023, the company released its chatbot, Kimi, which is capable of processing up to 200,000 Chinese ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xiaomi
Xiaomi (; ) is a Chinese multinational corporation and technology company headquartered in Beijing, China. It is best known for consumer electronics software electric vehicles. It is the second-largest manufacturer of smartphones in the world, behind Samsung, most of which run on the Xiaomi HyperOS (former MIUI) operating system. The company is ranked 338th and is the youngest company on the ''Fortune'' Global 500. It has been called the "Apple of China". Xiaomi was founded in 2010 in Beijing by Lei Jun along with six associates. Lei had founded Kingsoft as well as Joyo.com, the latter of which he sold to Amazon for $75 million in 2004. In August 2011, Xiaomi released its first smartphone and, by 2014, it had the largest market share of smartphones sold in China. Initially the company only sold its products online; however, it later opened brick and mortar stores. By 2015, it was developing a wide range of consumer electronics. In 2020, the company sold 149.4 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MiniMax (company)
MiniMax is an artificial intelligence (AI) company based in Shanghai, China. As of 2024, it has been dubbed one of China's "AI Tiger" companies by investors. Background MiniMax was founded in December 2021 by several computer vision veterans from SenseTime. When it first started out, it received funding from MiHoYo. In March 2024, Alibaba Group led a $600 million financing round for MiniMax giving it a valuation of $2.5 billion. Other investors of MiniMax include Hillhouse Investment, HongShan, IDG Capital and Tencent. In October 2024, it was reported Chinese phone makers opted for Minimax with regards to its foundational AI large models. Products Talkie MiniMax's first product was Glow which was launched in October 2022. The app allowed users to create virtual characters, give them background stories and then chat with them about various topics. Only four months after launch, the app had over 5 million users. Due to filing issues, Glow was terminated in March ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Large Language Model
A large language model (LLM) is a language model trained with self-supervised machine learning on a vast amount of text, designed for natural language processing tasks, especially language generation. The largest and most capable LLMs are generative pretrained transformers (GPTs), which are largely used in generative chatbots such as ChatGPT or Gemini. LLMs can be fine-tuned for specific tasks or guided by prompt engineering. These models acquire predictive power regarding syntax, semantics, and ontologies inherent in human language corpora, but they also inherit inaccuracies and biases present in the data they are trained in. History Before the emergence of transformer-based models in 2017, some language models were considered large relative to the computational and data constraints of their time. In the early 1990s, IBM's statistical models pioneered word alignment techniques for machine translation, laying the groundwork for corpus-based language modeling. A sm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Source
Open source is source code that is made freely available for possible modification and redistribution. Products include permission to use and view the source code, design documents, or content of the product. The open source model is a decentralized software development model that encourages open collaboration. A main principle of Open-source software, open source software development is peer production, with products such as source code, blueprints, and documentation freely available to the public. The open source movement in software began as a response to the limitations of proprietary code. The model is used for projects such as in open source appropriate technology, and open source drug discovery. Open source promotes universal access via an open-source or free license to a product's design or blueprint, and universal redistribution of that design or blueprint. Before the phrase ''open source'' became widely adopted, developers and producers used a variety of other terms, suc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alibaba Group
Alibaba Group Holding Limited, branded as Alibaba (), is a Chinese Multinational corporation, multinational technology company specializing in E-commerce in China, e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors. On 19 September 2014, Alibaba's American initial public offering (IPO) on the New York Stock Exchange raised US$25 billion, giving the company a market value of US$231 billion and, by far, then the largest IPO in world history. It is one of the top 10 most valuable corporations, and is named the 31st-largest public company in the world on the Forbes Global 2000, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shunwei Capital
Shunwei Capital () is a Beijing-based venture capital firm founded in 2011. It was founded by Lei Jun (the founder and CEO of Xiaomi) and Tuck Lye Koh. The firm focuses on investing in the technology sector in China as well as other countries such as India and Indonesia. According to South China Morning Post, from January 2019 to May 2020, it was the ninth most active venture capital firm in China. Background Shunwei Capital was founded in 2011 by Lei Jun and Tuck Lye Koh. Lei was previously the CEO of Kingsoft until 2007, as well as founder of Xiaomi in 2010. Meanwhile, Koh was a Singaporean who worked in China for GIC and C.V. Starr Investment Advisors focusing on technology investments. From August 2006 to May 2008, Tuck Lye Koh served as a director of Kingsoft and Vice President of GIC Special Investments (Beijing) Company Ltd., responsible for private investments in Greater China. The firm provides growth capital to internet and technology companies mainly in China bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beijing
Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as China's List of cities in China by population, second largest city by urban area after Shanghai. It is located in North China, Northern China, and is governed as a Direct-administered municipalities of China, municipality under the direct administration of the Government of the People's Republic of China, State Council with List of administrative divisions of Beijing, 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province and neighbors Tianjin to the southeast; together, the three divisions form the Jing-Jin-Ji, Jing-Jin-Ji cluster. Beijing is a global city and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tencent
Tencent Holdings Ltd. ( zh, s=腾讯, p=Téngxùn) is a Chinese Multinational corporation, multinational technology Conglomerate (company), conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments. Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, Artificial intelligence industry in China, artificial intelligence, and other technology. Its twin-skyscraper headquarters, Tencent Binhai Mansion, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District, Shenzhen, Nanshan District of Shenzhen. In December 2023, architect Büro Ole Scheeren unveiled the latest helix-inspired design of Tencent's new global headquarters in Shenzhen. Known as Tencent Helix, it will accommodate more than 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
