Market size of large language models in China 2020-2027
In the year 2022, the market size of large language models in China surpassed 66 billion yuan. According to the forecast, the market was projected to exceed 173 billion yuan in value by 2027. After the rollout of ChatGPT, large language models became a hype in the global internet industry. Since the internet in China has limited access to overseas websites and online services, Chinese internet companies have the opportunity to develop and market their large language models. One of the most prominent examples is Baidu's Ernie Bot.