Brian Yeo, the investment director of Singapore's sovereign fund GIC, stated that the proliferation of open Chinese models will intensify competition and lower the costs of AI implementation, according to the Financial Times. The expert estimates that more accessible solutions will accelerate technology adoption by companies and broaden the range of application scenarios.
GIC has invested billions in the artificial intelligence sector and led a $30 billion funding round for Anthropic in February. The fund anticipates growth in Chinese AI projects but is cautious about startups due to the high costs associated with model development.