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Today:

🇨🇳💰 China tech giants to invest $340M to rival OpenAI

Read Time: 4 minutes

🇨🇳💰 China tech giants to invest $340M to rival OpenAI

Our Report: China's leading tech companies—including Alibaba, Xiaomi & Tencent—have collectively invested $340M in Zhipu AI, an emerging AI company positioning itself as a rival to OpenAI.

🔑 Key Points:

• Zhipu AI (founded in 2019) has quickly become a major player in the AI industry with its cutting-edge AI models that have 198B parameters and only take 320 GPUs to run (ChatGPT has 175B and takes 10,000).

• Recent US restrictions on the export of AI chips to China have forced the Chinese government and big tech to respond by shifting more development in-house and towards yuan-denominated funds, emphasizing local financing over USD.

• Major Chinese tech rivals like Alibaba, Tencent, Xiaomi, and Meituan have all unified to invest in Zhipu AI, showcasing the country’s priority and the willingness to back emerging talents.

🤨 Why you should care: With substantial backing from China's tech giants, Zhipu AI is in a strong position to challenge OpenAI, highlighting China's willingness to compete in the global AI arena. Who do you think will come out on top?

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ChatGPT Prompt

✅ Tech Interview Prompt

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“Guide me through preparing for a job interview in the tech industry.”

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"Could you provide a detailed step-by-step guide on how to effectively prepare for a job interview in the tech industry? I'd like to know about researching the company, understanding the role I'm applying for, tailoring my resume, and practicing common interview questions. Additionally, any insights on understanding the company culture, potential technical tests or challenges I might face, and ways to leave a lasting impression would be greatly appreciated.

The role I’m applying for is [INSERT LINK]”

MidJourney Prompt

🎨 Artist Highlight: Heather Cooper 

🤨 Jon Stewart’s TV show canceled over AI & China?

Jon Stewart's show on Apple TV Plus, "The Problem With Jon Stewart," has been canceled reportedly due to disagreements with Apple over its coverage of AI and China.

Apple wanted Stewart and his team's views to align with theirs, and instead of complying when Apple considered canceling the show, Stewart chose to leave (specifics on this disagreement remain ambiguous, and they’re likely to remain shrouded in mystery).

💰 OverStory raises $25M to combat wildfires with AI

Amsterdam's climate tech startup, Overstory, has raised $25M to use AI to reduce wildfires and power outages, safeguard biodiversity, and guide decisions on natural resources.

Founded in 2018, they aim to address the climate crisis through detailed vegetation insights, overseeing 2M acres and safeguarding $6B in utility assets. OverStory’s tale highlights the growing influence of AI in sectors such as agriculture, and the mass adoption of AI at an industry level.

🤝 77% of accelerator startups are AI companies

Peak XV Partners, a major venture capital fund focused on India and Southeast Asia, has revealed that 77% of its latest early-stage program, Surge, comprises AI and deep-tech startups.

Comparatively, Y Combinator's recent batch had over 200 startups, with more than half in AI, and the AI startup market as a whole raised $17.9B in Q3 alone. Basically, the AI industry as a whole doesn’t show any signs of slowing done whatsoever…

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📹 Recap of a generative AI space on Twitter

🤖 27 robotics companies hiring immediately

🥼 ChatGPT excels over doctors in depression study

💸 Luzia lands $10M to expand it’s WhatsApp based chatbot

📰 TechCrunch article: can we trust DeepMind to be ethical?

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Until next time, Martin & Arturo.