Thank you, Xi Cheap Chinese AI may be the best thing to happen to American tech companies.

Image for article Thank you, Xi Cheap Chinese AI may be the best thing to happen to American tech companies.
News Source : Business Insider

News Summary

  • Chinese companies are releasing models that are close to the performance of the best American systems but at a fraction of the price.
  • Many are " open weight," meaning software companies can download key parts of them, run them on their own infrastructure, customize them for their own products.
  • Instead of paying premium prices every time a customer asks an AI-powered question, companies can choose from dozens of competing models.
  • As those costs fall, profit margins improve, and companies can afford to add AI to many more products.
At the World Artificial Intelligence Conference in Shanghai, Chinese President Xi Jinping promoted an open approach to the technology.

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