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Baidu Creates $140 Million Fund to Back ChatGPT-Like Startups

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May 31, 2023, 6:08 a.m. | Zheping Huang

Bloomberg Technology bloomberg.com

Baidu Inc. has set aside 1 billion yuan ($140 million) to fund Chinese startups that explore generative AI, joining a global investment wave keen on riding a frenzy around ChatGPT-like services.

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