Chinese Tech Giants Rally Behind AI Sector Amid U.S. Sanctions

Chinese IT businesses showcased more than 150 AI-related products and solutions at the World AI Conference in Shanghai.
Chinese IT businesses showcased more than 150 AI-related products and solutions at the World AI Conference in Shanghai.

At the World AI Conference in Shanghai, over 150 AI-related products and solutions were exhibited by Chinese tech companies, alongside a few foreign firms like Tesla and Qualcomm.

Companies used the conference as a platform to unveil their latest AI products. SenseTime introduced SenseNova 5.5, a large language model (LLM) positioned as a competitor to OpenAI’s GPT-4, particularly in mathematical reasoning.

Resilience Amid Sanctions:

Despite U.S. sanctions limiting access to advanced chips, Chinese executives expressed optimism about the future of China’s AI sector. Huawei’s cloud computing head, Zhang Ping’an, emphasized the need to discard the notion that lacking the most advanced AI chips will hinder China’s AI leadership.

Zhang advocated for innovation in cloud computing to address the limited access to cutting-edge chips. Liu Qingfeng, chairman of Iflytek, echoed this sentiment, noting that Chinese LLMs, including Iflytek’s, rival global standards like OpenAI’s GPT-4.

Focus on Independent Development:

Liu highlighted the importance of developing independent LLMs to benchmark against the highest global standards and continuously narrow the gap.

Robin Li, CEO of Baidu, urged the industry to prioritize the practical application of AI over the development of foundational models that require significant computing power and AI chips. He stressed that applications are crucial for the value of AI models.

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Tony Boyce is a seasoned journalist and editor at Sharks Magazine, where his expertise in business and startups journalism shines through his compelling storytelling and in-depth analysis. With 12 years of experience navigating the intricate world of entrepreneurship and business news, Tony has become a trusted voice for readers seeking insights into the latest trends, strategies, and success stories.

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