Microsoft’s AI-powered Bing has 100 million users
The news: Microsoft’s Bing search engine is experiencing a renaissance in usage thanks to its OpenAI-powered chat feature, per Gizmodo.
Our take: While 100 million active Bing users is a far cry from Google’s 1 billion daily active user count, it places Microsoft in the ongoing race to dominate generative AI.
AI startup Anthropic raises $300 million to compete against ChatGPT
The news: Anthropic, which was founded by former OpenAI executives, raised another $300 million, putting the company’s valuation at $4.1 billion, per The Information.
Our take: Expect continued investments in generative AI startups. The segment raised $920 million in 2022—up 35% YoY, according to Pitchbook data.
Baidu is a week away from launching its ChatGPT competitor
The news: Baidu, which is acknowledged as China’s answer to Google, is sprinting to prepare its AI-powered chatbot, Ernie, but is reportedly struggling to get it to perform basic functions, per The Wall Street Journal.
Our take: Baidu has one opportunity to take the lead in generative AI, at least in China. News of Ernie’s struggles has already led to shares falling 4%, per Seeking Alpha.
This article originally appeared in Insider Intelligence's Connectivity & Tech Briefing—a daily recap of top stories reshaping the technology industry. Subscribe to have more hard-hitting takeaways delivered to your inbox daily.