China is closing in on US technology lead despite constraints, AI researchers say [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Yahoo! Finance
innovation, though the lack of advanced chipmaking tools is hobbling the ?sector, the country's leading artificial intelligence researchers said on Saturday. China's so-called 'AI tiger' startups MiniMax and Zhipu ?AI had strong debuts on the Hong Kong Stock Exchange this week, reflecting growing confidence in the sector as Beijing fast-tracks AI and ?chip listings to bolster domestic alternatives to advanced U.S. technology. Yao Shunyu, a former senior researcher at ChatGPT maker OpenAI who was named technology giant Tencent's chief AI scientist in December, said there was a high likelihood of a Chinese firm becoming the world's leading AI company in the next three to five years but said the lack of ?advanced chipmaking machines was the main ?technical hurdle. "Currently, we have a significant advantage in electricity and infrastructure. The main bottlenecks are production capacity, including lithography machines, and the software ecosystem," Yao said at an AI ?conference in Be
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