As part of AI push, Chinese tech giant Baidu is now rolling out an AI venture fund

Here comes yet more money for AI startups. Today, the Chinese search giant Baidu announced that it plans to establish a venture fund with 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applications.
Reuters, which reported the news earlier, said the company will also launch a competition for developers who build applications off its ERNIE large language model (LLM) or integrate the model into their existing products.
Baidu appears to be stealing a page from the playbook of OpenAI, the San Francisco-based company that’s been taking

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