Leading technology corporations in China are escalating their efforts in the development of generative artificial intelligence (AI), aiming to compete with their US counterparts. They are launching extensive language models (LLM) that will support a wide array of applications, from weather prediction and financial analysis to 3D e-commerce, with the primary objective of enhancing enterprise productivity and user experience.
McKinsey, a global research firm, reported that the coming decade holds immense potential for generative AI expansion in new sectors within China. These include areas like automotive, transport, manufacturing, healthcare, and life sciences, where innovation and R&D spending have traditionally been lower than their global equivalents.
The firm identified clusters of use cases in these sectors that could enable AI to generate more than US$600…
