The U.S. imposed export restrictions of high-level AI chips to China last October, though Chinese companies are now finding new options to develop their technology.
Baidu unveils Ernie 4.0 AI system, says overall performance ‘on par with ChatGPT’
The Chinese megacorporation claims its newest model rivals OpenAI’s popular model in generating text, images, and video.
Baidu CEO Robin Li says more than 70 AI models already released in China
The CEO of Chinese tech-giant Baidu said that since China’s new AI regulations have been in place over 70 AI models have been released in China with over 1 billion parameters.
China’s Baidu and other tech companies release ChatGPT-like AI chatbots
Multiple Chinese tech companies launched their own ChatGPT-like AI chatbots for mass market use two weeks after China’s AI regulations came into force which requires prior government approval.
Baidu metaverse app would take 6 years for a full launch, VP says
Baidu’s metaverse app will not support digital currencies or NFTs despite its focus on digital infrastructure, VP said.
Metaverse Race Continues: Chinese Internet Giant Baidu Registers Trademark
Despite the government’s restriction on bitcoin and an imminent ban on the metaverse, Chinese internet company Baidu announced on Monday that it has filed its metaverse trademark.
Baidu And The Metaverse Of Xi’rang
According to the most recent trade registration statistics, Chinese enterprises are hurrying to register trademarks related to the metaverse, or Yuanyuzhou in Chinese, despite Beijing’s cautions about the risks associated with the novel concept.
Baidu, China’s largest internet corporation, said earlier today that it has registered its metaverse trademark. Baidu also showed out a preview of its Xi’rang Metaverse environment.
Chinese Internet giant Baidu's #Metaverse world: Xi'rang pic.twitter.com/nAKVr7UmNu
— 8BTCnews (@btcinchina) December 20, 2021
According to the Securities Daily, which cited statistics from company and trademark registration tracking agency Tianyancha, more than 1,360 Chinese companies, mostly technology firms, have registered to register metaverse-related trademarks as of Sunday, up from only 130 entities three months ago.
ETH bloodbath continues. Source: TradingView
Apart from Baidu, other well-known businesses in the Chinese internet industry have also applied to register their metaverse trademarks. According to a tweet from Chinese source 8BTC, big brands like NetEase Global, Alibaba, TENCENT, and Bytedance – TikTok’s parent firm – have applied for metaverse trademarks.
Chinese Internet giant @NetEase_Global applied for trademarks related to #Metaverse . Earlier, big names like Baidu, #Alibaba , #TENCENT and Bytedance ( #TikTok parent company) all have applied for metaverse trademarks.
— 8BTCnews (@btcinchina) December 20, 2021
Securities Daily noted that the majority of trademark applications are currently “pending” or undergoing “substantive examination.”
While metaverse is quickly becoming the new internet craze, the Chinese government is currently considering expanding its crypto prohibition to include metaverse. Last Monday, the Chinese official media issued a warning against metaverse and cloud mining frauds, citing the widespread misuse of Metaverse words by con artists.
Related article | Cardano Founder Says Metaverse Is Important For Crypto
Chinese Companies Are Hustling The Metaverse
According to a Grayscale research report released last month, the number of Metaverse users increased by 10X in just one and a half years. Furthermore, the survey anticipated that if the metaverse kept growing at this rate, it will become a trillion-dollar sector by next year. Furthermore, according to Grayscale’s analysis, Metaverse has the potential to become a crucial component of Web 3.0, similar to how Facebook played a role in Web 2.0.
The metaverse, which many see as the next iteration of the internet, offers a lifelike, immersive virtual world where people can meet, work, and play. Cryptocurrency is used to make transactions and purchases of virtual products in the metaverse, which are backed by non-fungible tokens (NFTs) or other digital assets.
Despite the fact that Chinese companies are rushing to adopt the concept, the Chinese government has maintained a cautious stance, as stated in state-run media commentators.
People’s Daily issued a new warning about the metaverse on December 9, claiming that “virtual property” sales posed dangers of volatility, fraud, illicit fundraising, and money laundering.
Last week, telecommunications giant Huawei Technologies Co and Hisense, China’s largest television manufacturer, joined the metaverse bandwagon.
Huawei filed a trademark application for Meta OS, and Hisense filed trademark applications for multiple metaverse trademarks in industries such as advertising sales, social services, and scientific instruments.
Related article | A Wave Of New Blockchain Games Are Accelerating Mainstream Adoption Of Collectibles And NFTs
Featured image from Unsplash, chart from TradingView.com
Shanghai Man: Bitcoin interest drops in China amid crackdown on social media and miners
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Baidu-Owned Video Streaming Giant iQiyi Taps Public Blockchain for Performance Boost
iQiyi hopes the new deal will bring improved video buffering speeds through NKN’s distributed blockchain infrastructure.
Baidu Employee Jailed for Mining Crypto on 200 Company Servers
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Baidu Adds Service to Help Developers, Small Businesses Build Dapps
Chinese internet giant Baidu launched on Monday a blockchain-based service for developers and small and medium-sized businesses to build decentralized applications, or dapps.
Baidu Launches Plug and Play Blockchain Platform for Dapps
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Chinese Search Giant Baidu Shares Details of Upcoming Blockchain
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Search Giant Baidu to Censor Crypto Discussions on Its Online Forum
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Baidu’s Blockchain Photo App Launches With Its Own Token
Chinese internet search giant Baidu has created a proprietary token to power its new blockchain-based photo validating and sharing service.
Search Giant Baidu Is Launching a Blockchain Space Game
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Baidu’s ‘Wikipedia’ Now Logs Revisions on a Blockchain
Chinese search giant Baidu has turned to blockchain technology in order to make its online encyclopedia more traceable and transparent.
Search Giant Baidu Unveils Blockchain Stock Photo Platform
Chinaese search giant Baidu has launched a blockchain-based stock photo service in bid to protect image intellectual property in China.