Chinese AI Startups Make Waves in Global Market
A trio of Chinese AI startups has gained significant attention in recent times, with Baichuan AI, Minimax, and Moonshot making notable strides in the industry.
Baichuan AI, founded by industry veteran Wang Xiaochuan, has focused on the domestic Chinese market, targeting sectors such as medical assistance and healthcare. The company has secured a valuation of over $2 billion following its latest round of fundraising, making it one of the biggest AI startups in China.
Minimax, founded by AI veteran Yan Junjie, has gained success with its product Talkie, a companion chatbot available worldwide. The platform offers various characters users can chat with for emotional support or entertainment, and it has seen significant downloads, surpassing leading competitor chatbot platform Character.ai.
Moonshot, founded by Yang Zhilin, a renowned AI researcher, has built Kimi, the second-most-popular AI chatbot in China, with over 13 million users. Released in 2023, Kimi supports input lengths of over 200,000 characters, making it a popular choice among students, white-collar workers, and others who frequently work with long chunks of text.
These Chinese AI startups have garnered significant attention, with Baichuan AI, Minimax, and Moonshot being valued at over $2 billion, $3 billion, and $3 billion respectively. Their success has been attributed to their focus on the domestic market and their ability to develop innovative products that cater to specific needs.