In a significant development in the AI sector, International Data Corporation (IDC) has released its first market share report on large model platforms and applications in China. Titled China Large Model Platform Market Share, 2023: The Year of Large Models – Early Stage, the report highlights the burgeoning market for large models and their applications in the country.
Large Model Market Grows to 1.765 billion yuan
According to the report, the market for large model platforms and related applications in China reached 1.765 billion yuan in 2023. This growth can be attributed to years of heavy investment in AI by key players and early adoption of large models.
Baidu, SenseTime, and Zhipu Lead the Market
The report reveals that Baidu, SenseTime, and Zhipu AI are the top three players in the large model market. Baidu Smart Cloud topped the list with a market size of 350 million yuan, accounting for 19.9% of the market share. SenseTime followed closely with a market share of 16.0%. Zhipu AI, a startup, emerged as a strong contender in the market, securing the third position.
Early Investments Pay Off
The success of these companies can be attributed to their years of investment in AI and early adoption of large models. Baidu Smart Cloud has been a leader in the AI field, while SenseTime has focused on large model development and built the Shanghai AIDC to offer integrated large model computing and application solutions.
Market Dynamics and Future Outlook
The report indicates that the large model market is still in its early stages, with most companies focusing on early investments and even holding back on significant investment. However, the situation is expected to change as major internet companies increase their investment in large models and initiate price wars.
Challenges and Opportunities
Despite the rapid growth of the large model market, there are challenges that need to be addressed. The report highlights that the actual capabilities of large models are still low, and there are differences in the capabilities of different technology providers. Companies that do not continue to invest in foundational large models risk falling behind in the next round of model capability competition.
Conclusion
The IDC report provides valuable insights into the large model market in China. With the increasing focus on AI and large models, it is expected that the market will see significant growth in the coming years. The competition among players such as Baidu, SenseTime, and Zhipu AI will likely intensify, leading to innovation and advancements in the field of AI.
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