(JW Insights) Jun 30 -- The next-generation innovative technology of AI leads a new round of industrial revolution and transforms how people live, speakers said at the 14th Annual Meeting of the New Champions, also known as the Summer Davos Forum in Tianjin, reported China Daily on June 30.

Zhang Yaqin, dean of the Institute for AI Industry Research at Tsinghua University, said although ChatGPT was not developed in China, about 100 Chinese companies have marched into the generative AI space over the past six months.

Some have unveiled large language models, while others are developing industry-specific models covering fields like biological computing and education, Zhang said.

China, he noted, has been doing some terrific work in basic research, algorithms and industrial application of AI models, and generative AI has brought about disruptive changes to the entire industry.

Major Chinese tech heavyweights, including Alibaba Group, Baidu Inc and Tencent Holdings Ltd, have unveiled their own AI-powered large models amid a worldwide frenzy surrounding ChatGPT.

Experts said though there is fear that AI will take away jobs, it will, in fact, create new ones.

A report released by global consultancy PwC on June 28 showed that Chinese employees are bullish about the potential of AI in their careers.

According to the report, 44 percent of the surveyed employees think that AI will help them increase productivity and efficiency, while 68 percent deem digital skills to be important in their careers.

In addition, 36 percent of the Chinese interviewees think AI will help them learn new skills, while 29 percent believe that AI will help create new job opportunities.

(Li PP)