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Guangdong's artificial intelligence (AI) industry has reached a valuation of 180 billion yuan (approximately US$25 billion) in 2023, showcasing significant growth as it competes with the leading AI hubs of Beijing and Shanghai. Shenzhen, a key technology center in Guangdong, has been a major contributor, accounting for 44% of the province's AI output. The province is home to around 489,000 AI-related companies, including over 1,200 publicly traded firms, indicating a robust ecosystem.
Despite this growth, Guangdong's AI industry still trails behind Beijing's output of 250 billion yuan and Shanghai's nearly 150 billion yuan. The competitive landscape is bolstered by Beijing's strong start-up ecosystem and top universities, which provide a talent pool for AI development. The provincial government aims to further enhance its AI capabilities by integrating AI with manufacturing and setting ambitious targets for industry growth in the coming years.
• Guangdong's AI industry valuation reaches $25 billion in 2023.
• Shenzhen contributes 44% of Guangdong's total AI output.
AI is central to Guangdong's economic strategy as the province aims to modernize its industries.
Beijing launched 82 LLMs in 2023, leading the country in this technology.
Companies like Baichuan, Zhipu AI, and Moonshot AI are recognized as AI Tigers based in Beijing.
Baidu is one of the key players providing AI alternatives in China.
Alibaba is significant in the AI landscape as the owner of the South China Morning Post.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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