Jun 26, 2024 04:58 PM

Daily Tech Roundup: China Debates Pros and Cons of Open-Source AI Models, OpenAI Clamps Down on Traffic From Unsupported Countries

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OpenAI, the developer of ChatGPT, has said it will enforce stricter measures to block API traffic from countries it does not support starting July 9. Photo: VCG

Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

In Depth: China debates pros and cons of open-source AI models

When discussing the development of large language models (LLMs) Zhou Hongyi, CEO of Chinese cybersecurity firm 360 Security Technology Inc., dismissed the assertion that open-source LLMs are inferior to closed-source ones, calling it “nonsense.”

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China is debating the merits of open-source vs. closed-source AI models, with CEOs from 360 Security Technology and Baidu presenting conflicting views.
OpenAI will block API traffic from unsupported countries like China and Russia starting July 9 due to concerns about misuse.
China and Hong Kong are boosting tech investments, with new measures to stimulate VC funding in tech companies and HKIC investing in the AI startup BioMap.

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Who’s Who

360 Security Technology Inc.: 360 Security Technology Inc. is a Chinese cybersecurity firm whose CEO is Zhou Hongyi. Zhou has been vocal in the debate about open-source AI models, dismissing claims that they are inferior to closed-source ones. The company is involved in discussions about the development and use of large language models (LLMs).

Baidu Inc.: Baidu Inc. is among the first Chinese tech giants to launch a local alternative to OpenAI’s ChatGPT. Its CEO, Robin Li, has commented that closed-source large language models (LLMs) would gain an edge in capabilities over time. Additionally, BioMap, a biotech startup backed by Baidu's Robin Li, has received investment from the Hong Kong Investment Corporation (HKIC) to advance AI models for the life sciences industry.

Supponor Ltd.: Supponor Ltd. is a London-based company that invented digital billboard replacement (DBR) technology. DBR virtually changes the content of billboards to display different ads based on the viewer's region, as evidenced by a recent glitch seen by Chinese viewers during a UEFA match.

BioMap: BioMap is a biotech startup backed by Baidu Inc.’s Robin Li and focuses on AI models for the life sciences industry. The Hong Kong Investment Corporation (HKIC) is leading a new funding round for BioMap, aiming to attract additional investments from other parties, including overseas investors, although the exact size of the investment wasn't disclosed.

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What Happened When

June 26, 2024：: Zhou Hongyi, CEO of 360 Security Technology Inc., dismissed the assertion that open-source LLMs are inferior to closed-source ones.

June 26, 2024：: China’s State Council released new guidelines aimed at boosting investment by the country's venture capital industry in technology companies.

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