According to Reuters, the city's economics and information technology bureau in China's capital, Beijing, will assist major firms in developing artificial intelligence (AI) models capable of challenging the top AI ChatGPT. Beijing indicated that they will assist major corporations in investing in the development of an open source framework and accelerating the delivery of essential data. They also stated that as of October last year, Beijing was home to 1,048 core AI businesses, accounting for 29% of the country's total, and that they will investigate methods to foster talent and do research in areas such as ethical governance. The current AI race against large US corporations is gaining traction in China. While people in the country are unable to register OpenAI accounts to use the AI chatbot, companies are scrambling to incorporate the technology into their businesses, and Chinese tech behemoths such as Baidu and Alibaba Group are preparing to develop competing services.

G2 Venture Partners, a venture capital firm focused on emerging technologies driving sustainable transformation across traditional industries, announced the promotion of Jake Tauscher to Partner. "I'm privileged to work with some of the industry's best investors at G2 and to support companies working to solve the world's most difficult problems" Jake first worked with the G2 team in 2019 as an intern, then joined full-time as an Investor in 2020. He is a board observer at G2 portfolio companies Light Guide Systems, AiDash, and Nikola Labs and helps lead the firm's work on topics including artificial intelligence and machine learning, carbon markets, electrification, and industrial decarbonization. Jake is an avid blogger on these topics, and you can read his pieces and others at blog.g2vp.com. Prior to joining G2, Jake invested in large industrial companies at Advent International, working in diverse sectors including water, distribution, manufacturing, and software.