{"id":5118,"date":"2024-06-07T05:01:24","date_gmt":"2024-06-07T05:01:24","guid":{"rendered":"https:\/\/gsrra.com\/?p=5118"},"modified":"2024-06-07T05:01:26","modified_gmt":"2024-06-07T05:01:26","slug":"saudi-arabia-backs-chinas-bid-to-rival-openai","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=5118","title":{"rendered":"Saudi Arabia Backs China&#8217;s Bid to Rival OpenAI"},"content":{"rendered":"\n<p>Saudi Arabia&#8217;s Prosperity7 Ventures, a subsidiary of Saudi Aramco, has made a $400m investment in Zhipu AI, a Chinese generative AI startup, marking the\u00a0<strong>first major foreign investment in China&#8217;s growing generative AI sector<\/strong>.<\/p>\n\n\n\n<p>Founded in 2019, Beijing-based Zhipu AI is a prominent generative AI startup in China, aiming to rival global players like OpenAI and Google.\u00a0It has released a chatbot and a visual language foundation model, with backing from major firms like Alibaba and Tencent.<\/p>\n\n\n\n<p>Zhipu AI, alongside competitors such as Moonshot AI, 01.ai and MiniMax, has previously relied on government funding and local cloud service providers for growth.\u00a0However, Prosperity7 Ventures&#8217; investment hints at a potential shift in funding for China&#8217;s AI industry, especially as US restrictions limit access to international capital.<\/p>\n\n\n\n<p>The investment also reflects Saudi Arabia&#8217;s strategic intent to cultivate a technological ecosystem capable of rivaling Silicon Valley&#8217;s dominance in the AI arena.<\/p>\n\n\n\n<p><strong>The bottom line<\/strong>: The investment underscores the shifting dynamics in global AI funding amid heightened US-China tensions. Watch this space.<\/p>\n\n\n\n<p>ReferenceLink\uff1a- <a href=\"https:\/\/mail.yahoo.com\/d\/folders\/1\/messages\/ANDN1MVjSkiGZmHdMQX3WEEHN9s\" target=\"_blank\" rel=\"noopener\">https:\/\/mail.yahoo.com\/d\/folders\/1\/messages\/ANDN1MVjSkiGZmHdMQX3WEEHN9s<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia&#8217;s Prosperity7 Ventures, a subsidiary of Saudi Aramco, has made a $400m investment in Zhipu AI, a Chinese generative AI startup, marking the\u00a0first major foreign investment in China&#8217;s growing generative AI sector. Founded in 2019, Beijing-based Zhipu AI is a prominent generative AI startup in China, aiming to rival global players like OpenAI and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[282,29,1602,105,78,376,1601],"class_list":["post-5118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-bri","tag-china","tag-china-arab","tag-geopolitics-2","tag-middle-east","tag-saudi-arabia","tag-smb"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/5118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5118"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/5118\/revisions"}],"predecessor-version":[{"id":5120,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/5118\/revisions\/5120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/5119"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}