On May 31, Baidu founder, chairman and CEO Robin Li announced during the JP Morgan Global China Summit that Baidu will set up a RMB 1 billion Baidu Wenxin Investment Fund, aiming to promote the prosperity of the large-scale model ecology, and at the same time launch the " Wenxin Cup "Entrepreneurship Competition, the highest award is the early investment worth 10 million yuan.
Li Yanhong said: "In order to create a more dynamic ecosystem and help developers develop various AI native applications, Baidu plans to set up an investment fund of 1 billion yuan. We will also launch the "Wenxin Cup" entrepreneurial competition. Participants Ideas and prototypes can be submitted, and we will look for the most promising ideas and provide funding for them. US developers are developing new applications based on ChatGPT or other language models. In China, more developers will be based on the Wenxin model. Develop AI applications."
"In the future, I think China will have its own ecosystem, with its own big language model and basic model. China will have at least one, maybe two or three basic big models that can support people to develop various AI native applications For example, Baidu's Wenxin model is committed to becoming one of the default basic models for AI developers." He 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 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, etc., and many other applications are very popular and practical. The same is true in the era of artificial intelligence. Technology has brought many possibilities, and we are very good at developing applications, and Take full advantage of those possibilities."
The entrepreneurship competition was officially launched on May 31, and the registration will continue until 24:00 on June 25. According to the requirements, participating teams need to focus on AIGC and large-scale model innovative application directions, and be willing and able to build applications based on Wenxin large-scale models, or combine Wenxin large-scale models with their own products. Whether it is a start-up team with a business plan or a start-up company with a product or demo, all can participate. The competition will open Wenxin large-scale model-related capabilities and Baidu intelligent cloud computing power resources to participating teams , and invite well-known institutional investors from IDG Capital, Baidu Venture Capital, Baidu Capital and many Baidu AI experts to serve as judges. The winning teams have the opportunity to receive capital and resource investment worth 10 million yuan, 5 million yuan, and 2 million yuan, as well as AI large-scale model technical guidance and communication empowerment.
At the same time, Baidu will also set up Wenxin Investment Fund with a scale of 1 billion yuan to provide comprehensive support covering capital, technology, and business resources for start-ups with potential stocks in the AIGC field, continue to pay attention to high-quality entrepreneurial teams in the AI field, and promote China's AI Mock-up eco-boom.
Baidu search "Baidu Wenxin Cup Entrepreneurship Competition" to enter the official website or click the link below "read the original text" to sign up.
