Eddie Wu Yongming Explores AI Impact at the World Internet Conference in Wuzhen
AI Advancement at the World Internet Conference
Alibaba Group Holding is leading the charge in artificial intelligence (AI) technology in China. Chief Executive Eddie Wu Yongming conveyed at the country's annual internet conference that the company is dedicated to laying the essential infrastructural groundwork for AI development.
A Vision for Global Impact
At the World Internet Conference in Wuzhen, Wu emphasized, “In the next three decades, AI will comprehensively enhance productivity across the globe.” He highlighted how Alibaba's AI models, including Tongyi Qianwen, are revolutionizing traditional sectors.
Fostering an AI Ecosystem
- Major Investments: Alibaba is investing heavily in AI to create a vibrant ecosystem.
- Cost Reduction: Costs for using Tongyi Qianwen AI models have dropped by 97% in the last year.
- Academic Integration: Over 50 Chinese tertiary institutions are utilizing Alibaba's cloud and AI services for scientific research.
As AI continues to permeate various industries, Alibaba's focus aligns with the broader agenda of responsible AI development and governance, with panels highlighting the technology's role as a productive force.
Conclusion: A New Era of AI
Wu aptly remarked, “Just like how affordable electricity paved the way to the ‘Age of Electricity,’ cheap enough computing power will usher in the ‘Age of Intelligence.’”
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.