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China's AI model glut is a 'significant waste of resources' due to scarce real-world applications for 100+ LLMs says Baidu CEO
Business is unsustainable for the 100+ LLMs competing in China.
Robin Li Yanhong, the founder and CEO of Baidu, the biggest search engine in China, said that the country has too many large language models and too few practical applications. Yanhong made this announcement during a recent panel discussion at the World Artificial Intelligence Conference (WAIC) held in Shanghai, as covered by the South China Morning Post. Yan Junjjie, CEO of AI startup MiniMax, said that he "expects major industry consolidation in the future, with LLMs being primarily developed by just five companies."
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