Caixin
Sep 26, 2024 07:08 PM
TECH

Asia New Vision Forum: The Obstacles Facing AI in China

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From left, Albert Lam, CTO and chief scientist at Fano Labs; Gong Ke, executive director of the Chinese Institute for the New Generation Artificial Intelligence Development Strategies; and Alibaba Vice President Selina Yuan speak about AI at the Asia New Vision Forum 2024. Photo: Caixin
From left, Albert Lam, CTO and chief scientist at Fano Labs; Gong Ke, executive director of the Chinese Institute for the New Generation Artificial Intelligence Development Strategies; and Alibaba Vice President Selina Yuan speak about AI at the Asia New Vision Forum 2024. Photo: Caixin

The development of artificial intelligence (AI) in China has been hindered by difficulties in achieving sustainable growth, acquiring adequate funding and talent, and accessing advanced semiconductors due to U.S. export restrictions.

Those were the key takeaways from a panel discussion held Wednesday during the Caixin-organized Asia New Vision Forum 2024, where three experts at the forefront of China’s AI transformation shed light on the difficulties the nation’s AI companies face.

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  • China’s AI development faces challenges in sustainable growth, funding, talent acquisition, and U.S. semiconductor export restrictions.
  • Panelists at the Asia New Vision Forum highlighted market swings, competition, and efforts like Alibaba’s training initiatives to address these issues.
  • Emphasis was also placed on improving innovation, regulation, and ethical AI application to manage risks.
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Who’s Who
Fano Labs
Fano Labs is a Hong Kong-based AI startup focused on the development of artificial intelligence technologies. Albert Lam, the company's Chief Technology Officer and Chief Scientist, noted that investment in AI fluctuates based on investor enthusiasm. Lam emphasized the importance for Chinese AI companies to innovate rather than imitate to remain competitive and attractive to investors.
Alibaba Group Holding Ltd.
Alibaba Group Holding Ltd., through its division Alibaba Cloud Intelligence International, faces challenges in achieving sustainability and acquiring qualified AI talent. To address the talent gap, Alibaba has launched the Alibaba Cloud Academy, offering courses and establishing training partnerships with foreign universities to cultivate professionals and developers.
Alibaba Cloud
Alibaba Cloud, a division of Alibaba Group Holding Ltd., faces challenges in sustainability and talent acquisition. To address the talent shortage, it has launched the Alibaba Cloud Academy, offering training and certification through online and in-person courses. Additionally, Alibaba has established training partnerships with foreign universities to cultivate professionals and developers needed for global success.
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What Happened When
Wednesday, September 25, 2024:
Panel discussion held during the Caixin-organized Asia New Vision Forum 2024, where three experts discussed the challenges faced by China’s AI companies.
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