Chinese companies are rapidly developing AI applications that go beyond simple chatbot functions. Gartner estimates over 10% of Chinese businesses are already using AI, with many leveraging these tools to automate processes and generate content. Examples include Tencent's Wenku platform for document creation and AI agents being integrated into WeChat. Chinese smartphone companies are also integrating AI features into their devices, while the government's approach to AI regulation allows for easier application development compared to the US.
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. "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. She said the firm is considering investing in a leading China AI deep tech fund in order to capture the local opportunity.
But a bigger challenge can be getting companies to give AI access to proprietary data, or using AI-generated content commercially.
ARTIFICIAL INTELLIGENCE CHINA BUSINESS CHATBOTS AUTOMATION
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