China is closing the innovation gap, but continues to trail by a year or more. “Without its own version of OpenAI, and lagging in all three key elements for fundamental generative AI [artificial intelligence] development (computational power, quality data and advanced algorithms), China has turned its attention to the vertical model — that is, to AI applications in specific industries such as finance, health care, electric vehicles and driverless cars.” Alex He writes that although it’s a choice driven by necessity, many industry players seem confident the strategy shows promise.
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