Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for the delivery of clues on the way! CTOnews.com May 31 news, CTOnews.com learned from Baidu officials that today (May 31), Baidu founder, Chairman and CEO Robin Li announced during the JPMorgan Global China Summit that Baidu will set up a 1 billion yuan Baidu Wenxin investment fund, which aims to promote the ecological prosperity of the big model, while launching the "Wenxin Cup" entrepreneurial competition, with the highest award for early-stage investment worth 10 million yuan.

"in order to create a more dynamic ecosystem and help developers develop various native AI applications, Baidu plans to set up an investment fund of 1 billion yuan," Li said. We will also launch the "Wenxin Cup" Entrepreneurship Competition. Contestants can submit ideas and prototypes, and we will look for and fund the most potential ideas. American developers are developing new applications based on ChatGPT or other language models. In China, more developers will develop AI applications based on Wen Xin Da Model. "

"in the future, I think China will have its own ecosystem, with its own big language models and basic models. China will have at least one, possibly two or three basic models that can support people to develop all kinds of native AI applications. Baidu's Wen Xin Da Model, for example, aims to become one of the default basic models for AI developers." Li Yanhong said in his speech.

Li Yanhong also pointed out, "I am very optimistic about the development prospects of AI applications in China. If you look back at the history of the past few decades, everyone in China is very willing to embrace emerging technologies." Although we did not invent Android, iOS or Windows systems, we have developed many very innovative applications, such as Wechat, Douyin and Didi, as well as many applications that are very popular and practical. In the age of artificial intelligence, the same is true. Technology brings a lot of possibilities, and we are very good at developing applications and taking full advantage of them. "

According to reports, the Entrepreneurship Competition was officially launched on May 31, and registration lasted until 24:00 on June 25. According to the requirements, the participating team should focus on the application direction of AIGC and large model innovation, have the willingness and ability to build applications based on Wenxin model, or combine Wenxin model with its own products. Whether it is a start-up team with a business plan, or a startup company with a molded product or demo, you can participate. The competition will open up the relevant capabilities of Wenxin big model and Baidu intelligent cloud computing resources for the participating team, and invite well-known institutional investors from IDG Capital, Baidu Venture Capital, Baidu Capital and a number of Baidu AI experts to serve as judges. The award-winning team has the opportunity to receive capital and resource investment with a total value of 10 million yuan, 5 million yuan and 2 million yuan, as well as technical guidance and exchange empowerment of the AI model.

At the same time, Baidu will also set up a 1 billion yuan Wenxin investment fund for potential start-up enterprises in the AIGC field, provide comprehensive support, including capital, technology and business resources, and continue to pay attention to the high-quality entrepreneurial team in the AI field, so as to promote the ecological prosperity of China's AI model.

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