Honorable mentions
Baichuan
Whereas lots of its rivals chase scale and expansive utility ranges, Baichuan AI, based by business veteran Wang Xiaochuan (the founding father of Sogou) in April 2023, is concentrated on the home Chinese language market, focusing on sectors like medical help and well being care.
With a valuation over $2 billion after its latest spherical of fundraising, Baichuan is presently among the many largest AI startups in China.
Minimax
Based by AI veteran Yan Junjie, Minimax is greatest identified for its product Talkie, a companion chatbot out there world wide. The platform supplies varied characters customers can chat with for emotional assist or leisure, and it had much more downloads final yr than main competitor chatbot platform Character.ai.
Chinese language media outlet 36Kr reported that Minimax’s income in 2024 was round $70 million, making it one of the crucial profitable consumer-facing Chinese language AI startups within the world market.
Moonshot
Moonshot is greatest identified for constructing Kimi, the second-most-popular AI chatbot in China, simply after ByteDance’s Doubao, with over 13 million customers. Launched in 2023, Kimi helps enter lengths of over 200,000 characters, making it a preferred selection amongst college students, white-collar staff, and others who routinely should work with lengthy chunks of textual content.
Based by Yang Zhilin, a famend AI researcher who studied at Tsinghua College and Carnegie Mellon College, Moonshot is backed by huge tech corporations, together with Alibaba, and high enterprise capital companies. The corporate is valued at round $3 billion however is reportedly scaling again on its foundational mannequin analysis in addition to abroad product improvement plans, as key individuals depart the corporate.
