China’s 2023 World Artificial Intelligence Conference Shows Ambitions for AI Tech

Key Takeaways

• The World Artificial Intelligence Conference was held on Saturday in China, bringing together some of the brightest brains in AI
• Over 400 companies attended and some big deals were done, but it will probably be a while before consumers gain access to any of the tech
• It’s China’s latest move at trying to gain a foothold in the AI sector, where they currently lag behind the U.S.

The 2023 World Artificial Intelligence Conference was held on Saturday in Shanghai, with over 400 companies attending and 32 investment projects worth almost $4 billion agreed upon. So, a big day for AI then.

It’s a major component of China’s AI development plans, which so far have been lagging behind their US counterparts. Investors have so far been left unimpressed with demonstrations of AI technology from companies, such as Baidu’s ChatGPT competitor Ernie.

We’ve been hearing so much about the state of AI in the US, but where exactly does that leave China in this rapidly growing area? Let’s take a look at what happened at the conference.

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What happened at the World Artificial Intelligence Conference?

The conference covers over 500,000 square feet of space, offering companies the ability to showcase all manner of tech. The demonstrations range from the fun to the very serious.

Some examples of the former include a scanner setup on a basketball court which can help improve your form, or an AI ‘Mystic Meg’ robotic arm which can read your horoscope for you. Not sure if that one’s a billion dollar idea.

Of course there are plenty of the serious kind too, with AI applications showcased across just about every industry such as logistics and manufacturing.

The Tesla Optimums robot was also on display, as were a wide range of other robots at various stages of development.

What didn’t happen at the World Artificial Intelligence Conference?

We’ll be honest, there wasn’t a huge amount there for regular people. Right now, AI is right at the cutting edge of technology, and much of the developments are very theoretical in nature.

So there were no mind-blowing announcements from the likes of OpenAI, Alphabet or Meta. It’s just not that kinda conference. At least, not yet.

While there’s not much for investors or consumers to get excited about here just yet, it’s at these sorts of events where the seeds are sown for the future applications that will blow our minds.

The bottom line

The World Artificial Intelligence Conference brought together some of the brightest minds in AI, but there wasn’t much for ‘normal’ people to get excited about. It’s why being on top of the latest developments can be challenging, because the technical details can take many years to work out.

There are sure to be some of the concepts and early stage software that will become big in the future, but knowing how to invest in them is challenging.

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Talk about cutting edge.

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