Welcome to Extreme Investor Network, where we provide expert insights and analysis on all things finance. Today, we are diving into the world of Chinese artificial intelligence and how it may be shaping the future of AI applications.
According to Kai-Fu Lee, former head of Google China and chairman of Sinovation Ventures, Chinese AI models may be slightly behind those developed in the U.S. However, Chinese AI apps are expected to take off much faster due to the lower cost of training AI models. Lee predicts that by early next year, we will see a proliferation of AI apps in China that outpace those in the U.S.
In his book “AI Superpowers: China, Silicon Valley, and the New World Order,” Lee discusses the potential for China to lead the world in AI applications. He believes that within the next five to eight years, we may see the emergence of a “super app” in China that can perform multiple tasks using generative AI technology.
Leading Chinese companies like Alibaba and Tencent have already released AI models and business products, as well as backed numerous AI startups. For example, Beijing-based ShengShu Technology, backed by Alibaba affiliate Ant Group, recently announced upgrades to its text-to-video model, Vidu, which allows for more consistent portrayal of main elements in AI-generated videos.
As we look towards the future of AI in China, it’s clear that innovation and investment in this space are only going to grow. Stay tuned to Extreme Investor Network for more updates on the latest trends and developments in finance and technology.