China's AI startups struggle to raise revenues as titans like Alibaba, ByteDance cut prices

China's AI startups struggle to raise revenues as titans like Alibaba, ByteDance cut prices

FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Chinese artificial intelligence startups that have raised hundreds of millions of dollars in funding are facing a reckoning: find customers fast, or get crushed or swallowed up by tech giants.

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