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China's AI reckoning: Once-hyped unicorns face cash crunch collapse

Staff reporter, Taipei; Levi Li, DIGITIMES Asia 0

Credit: AFP

The global boom in generative AI, fueled by OpenAI, triggered a surge of investment into Chinese AI startups. But OpenAI's recent decision to abandon its for-profit status—announced by CEO Sam Altman—highlights the growing difficulty of...

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