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Back in September, Robin Li, the CEO of one of China's biggest tech companies,
Baidu, appears for a speech at a conference in Beijing.
He's wearing a black button-down with the Baidu logo stamped on his shirt.
In his speech, Li has a clear message to the other entrepreneurs and executives at the conference.
Don't compete with Baidu.
So it's a bit of an odd message, essentially telling the competition, stay away, don't even try.
That's the FT's China Tech correspondent, Ryan McMurrow.
Earlier in the year, Baidu had released its first AI chatbot called Erniebot.
It's essentially China's version of ChatGBT.
And Li is trying to squash competition to Baidu's new technology.
So he singles out entrepreneurs in the audience and he says, And so that means he's saying,
There's no point in jumping into foundational models and really making it a race to the bottom where everyone's competing on price.
And instead, you should jump into building apps for foundational models.