Baidu sets up a 1 billion yuan venture capital fund to promote the big model ecosystem

Tech 2023-06-02 09:48:52 Source: Network

Recently, Robin Lee, the founder, chairman and CEO of Baidu, announced during the JPMorgan Chase Global China Summit that Baidu will set up the Baidu Wenxin Investment Fund of 1 billion yuan, aiming to promote the ecological prosperity of the big model, and launch the "Wenxin Cup" entrepreneurship contest, with the highest award of 10 million yuan for early investment. In the future, I believe that China will have its own ecosystem, with its own big language model and basic model

Recently, Robin Lee, the founder, chairman and CEO of Baidu, announced during the JPMorgan Chase Global China Summit that Baidu will set up the Baidu Wenxin Investment Fund of 1 billion yuan, aiming to promote the ecological prosperity of the big model, and launch the "Wenxin Cup" entrepreneurship contest, with the highest award of 10 million yuan for early investment.

In the future, I believe that China will have its own ecosystem, with its own big language model and basic model. China will have at least one, possibly two or three basic big models that can support people to develop various AI native applications. For example, Baidu's Wenxin Big Model is committed to becoming one of the default basic models for AI developers, "he said.

It is reported that the entrepreneurship competition was officially launched on May 31st and registration will continue until 24:00 on June 25th. As required, the participating team needs to focus on the direction of AIGC and big model innovation applications, have the willingness and ability to build applications based on the Wenxin big model, or combine the Wenxin big model with their own products. Whether it is a startup team with entrepreneurial plans, or a startup company with formed products or demos, you can participate. The competition will open up Wenxin model related capabilities and Baidu AI Cloud computing resources for the 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 award-winning team has the opportunity to receive funding and resource investments totaling 10 million yuan, 5 million yuan, and 2 million yuan, as well as AI large model technical guidance and communication empowerment.

At the same time, Baidu will also establish a Wen Xin Investment Fund with a scale of 1 billion yuan, targeting potential stock startups in the AIGC field, providing comprehensive support including funds, technology, and business resources. It will continue to pay attention to high-quality entrepreneurial teams in the AI field and promote the prosperity of China's AI big model ecosystem.

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