WAIC Shanghai: China reveals new great leap forward with 1,509 AI models
World Artificial Intelligence Conference (WAIC) in
Shanghai , showing the country's great leap forward in the fast-growing technology.
That number accounted for more than 40 per cent of the 3,755 total AI models known worldwide, according to a Xinhua report on Monday, citing WAIC data.
'We see AI enabling scalable and cost-efficient production of multimodal content across text, images, audio and video,' said UBS Securities analyst Wei Xiong, who pointed out that Chinese models were 'showing early success in AI video generation'.
The number of AI models reflected the country's big strides in transforming into an AI powerhouse through various private and publicly backed open-source development initiatives, narrowing the gap with the US.
The open-source approach gives public access to a programme's source code, allowing third-party software developers to modify or share its design, fix broken links or scale up its capabilities.
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