China's AI 'War of a Hundred Models' Heads For a Shakeout (reuters.com) 4
Additionally, companies have also announced dozens of "industry-specific LLMs" that link to their core model. However, investors and analysts say that most were yet to find viable business models, were too similar to each other and were now grappling with surging costs. Tensions between Beijing and Washington have also weighed on the sector, as U.S. dollar funds invest less in early-stage projects and difficulties obtaining AI chips made by the likes of Nvidia start to bite. "Only those with the strongest capabilities will survive," said Esme Pau, head of China internet and digital asset research at Macquarie Group, who expects consolidation and a price war as players compete for users.