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Tencent is latest Chinese tech giant to enter LLM price war, adding pressure on AI start-ups

Chinese AI companies are waging a full-fledged price war in hopes of finding ways to commercialise their large language models, with Tencent the latest tech giant to slash prices for its products.

Decoding China's Top Ten Generative AI Models: Established Tech Old Guards Lead the Charge in the GenAI Era – China Money Network

China's 4 new 'AI tigers' – Baichuan, Zhipu AI, Moonshot AI and MiniMax – emerge as investor favourites

Baichuan, Zhipu AI, Moonshot AI and MiniMax are amassing billions of yuan of funding from domestic tech giants, venture capitalists and state-backed investors.

China's Moonshot AI snaps $1b at a post-money valuation of $2.5 billion: Report

Moonshot AI recently pocketed another $1 billion in a fresh funding round that roped in its shareholders including HongShan.

Chinese start-up Moonshot AI raises US$1 billion in funding round led by Alibaba

Beijing-based Moonshot AI, known in Chinese as Yuezhi Anmian, was valued at about US$2.5 billion in its latest funding round.