Chinese AI can benefit from bigger models, more data, says startup founder

The founder of Stepfun, which develops foundational models, has set its sights on improving multimodal models as China faces curtailed access to advanced chips. — SCMP

The founder of a Shanghai-based artificial intelligence (AI) startup is putting his faith in the “scaling laws” of large language model (LLM) development, despite China’s disadvantages in investment and advanced chips.

Jiang Daxin, a Microsoft veteran who founded and now runs Stepfun, said at a side event for the World Artificial Intelligence Conference (WAIC) in Shanghai that LLMs will eventually reach hundreds of trillions of parameters.