Chinese companies are rapidly developing AI applications that go beyond simple chatbots, driven by a surge in adoption and investment. Companies are leveraging AI for tasks like document creation, business insights, and e-commerce product research, showcasing the technology's potential across various sectors.
A slew of releases last week demonstrate how Chinese companies have moved quickly with artificial intelligence models that compete with OpenAI's ChatGPT.
"We believe that China's AI sector is advancing at a pace comparable to that of the United States," Jo Huang, head of private equity at Raffles Family Office, said in an email.Now, many companies in China are increasingly building on that foundation to develop products that look to go beyond a chatbot.
The development of Chinese AI applications creates features that are being integrated with domestic smartphones. Apple's AI intelligence functions have yet to come to iPhone users in China.She pointed out that Chinese smartphone companies such as Honor, Xiaomi and Vivo have been able to improve user experience of AI features, thanks to efforts to improve the efficiency of AI models that can run on the device without relying heavily on an internet-connected cloud service.
"I think much more cautious than Chinese brands because of copyrights and legal issues," Chris Reitermann, CEO of Ogilvy Asia-Pacific and Greater China, told CNBC late last year. He is also president of WPP China.
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