Tuesday briefing: How an unknown Chinese startup wiped $593bn from the value of an AI giant

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The Guardian 3d ago

Tuesday briefing: How an unknown Chinese startup wiped $593bn from the value of an AI giant - The Guardian

Quick Summary:

Tens of thousands of Palestinians flooded back into northern Gaza on Monday after Israel opened military checkpoints that had divided the strip for more than a year, ending a forced exile from homes and loved ones that many feared could become permanent.

But now a small Chinese rival has emerged that appears to match what OpenAI and the other US giants can do at a much lower cost, and without the same hunger for computing power that has made the chip manufacturer Nvidia the most valuable company in the world.

Since the emergence of ChatGPT, OpenAI’s groundbreaking artificial intelligence tool, American companies have appeared to have a huge head start in the development of the most significant technology of its generation.