Chinese firms in sprint to cultivate generative AI

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There is tremendous opportunity in the next decade for AI growth in new sectors in China, according to a McKinsey report.

China’s technology giants are racing to develop generative artificial intelligence (AI) to compete with US companies, launching their own large language models (LLM) to support a wide array of uses, ranging from weather forecasts and financial analysis to 3D e-commerce.

The goal is improved enterprise productivity and delivering an immersive experience to users.

According to a report by global research firm McKinsey, there is tremendous opportunity in the coming decade for AI growth in new sectors…

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