Companies like Alibaba, Baidu, and NetEase highlight how China is becoming a leader in developing AI technology. These language models will usher in speedy growth within the country, and become a driving force in the next technological and industrial revolution with China at the forefront.
Although Wall Street is gripped with AI mania, everyone should be cautious about China’s venture into this realm. Investors have learned tough lessons from past PRC regulations on technology, and a state crackdown could easily be imminent. China is promising growth, but that doesn’t mean it will happen.
There's a 50% chance that at least 275 Chinese institutions of higher education will be approved to offer an artificial intelligence undergraduate program in 2023, according to the Metaculus prediction community.