Global AI
As our Digital Innovations strategy team discussed in their white paper last year, Investing in AI:Everything, everywhere, and all at once, there has been a Cambrian explosion in AI model development. Although OpenAI’s ChatGPT was among the first to market, they were not alone. Researchers at Epoch AI have tracked more than 200 notable AI models trained with at least 100 billion trillion (1023) floating point operations (FLOPs). While DeepSeek captured the market’s attention earlier this year, there are dozens of competing AI models in China including Doubao, the model created by TikTok parent ByteDance, and Yi, released by AI pioneer Kai-Fu Lee’s 01.AI. Similarly in the US, AI models released by large tech firms like Alphabet and Meta compete with startups from Anthropic’s Claude to X.AI’s Grok. Looking ahead, the AI race is shifting from base models toward applications that make use of this emerging technology.
Source: Epoch AI, March 2025