Latest news with #Yu
Economy ME
6 hours ago
- Business
- Economy ME
China accelerates AI expansion with 71 unicorns and 5,100 AI companies
China is home to over 5,100 AI companies, which account for approximately 15 percent of the global total. Furthermore, the country boasts 71 AI unicorns, representing around 26 percent of the world's 271, according to data from the China Academy of Information and Communications Technology (CAICT) . Both listed companies and unicorns are recognized as major drivers of China's AI industry. There are more than 300 AI-related publicly traded companies in China, whose AI-related revenue constitutes about 70 percent of the total scale of the country's AI industry, as per CAICT. The top five innovation fields for Chinese AI unicorns include large models, autonomous driving, intelligent robots, business intelligence applications, and AI computing chips. Yu Xiaohui, president of CAICT, pointed out that the rapid iteration of foundational large models this year, combined with new technological approaches, showcases significant potential for progress toward Artificial General Intelligence. He stated that a positive developmental landscape has emerged in China, marked by leading companies, rising unicorns, specialized firms, and emerging startups. The expansion of China's AI industry is swift, driven by a continuous influx of new technologies, applications, and business models. It has become a crucial growth engine for high-quality economic and social development, Yu emphasized. Read more: Nvidia H20 AI chip sales to China approved by U.S. amid trade talks Leadership in AI patents In 2024, China's AI market was valued at approximately 747 billion yuan (over 103 billion USD), marking a 41 percent increase from the previous year. The AI industry is projected to surpass 1 trillion yuan (about 138 billion USD) by 2025, accounting for over 20 percent of the global AI market share. China's AI investments have been robust, with state venture capital reportedly investing around $209 billion in AI ventures from 2013 to 2023, and public sector spending on AI expected to exceed 400 billion yuan ($56 billion) in 2025. China currently leads the world in AI patent filings, holding about 300,000 AI patents, and has around 220 AI labs affiliated with Fortune Global 500 companies, constituting 50 percent of the world's total. The AI sector is further a substantial economic driver, with potential to add 0.2 to 0.3 percentage points to annual GDP growth in the next two to three years, equivalent to $930 billion in labor value or 4.7 percent of China's 2024 GDP. Rapid market growth China's AI market is expected to grow at a compound annual growth rate (CAGR) of nearly 27 percent between 2025 and 2031, reaching a market size of roughly $194 billion by 2031. Additionally, by 2030, AI technologies are projected to increase China's GDP by 26 percent, potentially adding $7 trillion to the economy. Adoption rates in AI manufacturing applications could hit 67 percent by 2025, with AI providing up to 38 percent of job opportunities by 2030. The government's AI development strategy, including the 2017 Next Generation AI Development Plan, supports China's goal to be a global AI leader by 2030. Moreover, China emphasizes leveraging its population's vast data, strong institutional funding, and a permissive regulatory environment to accelerate AI growth. AI application areas seeing rapid adoption include internet services with an 89 percent penetration rate, telecommunications 68 percent, government services 65 percent, and finance 64 percent in 2023, reflecting broad sectoral integration. Also, the generative AI user base in China had reached 250 million by early 2025, and vertical AI applications in social networking, video, aesthetics, psychology, and design are expanding quickly. China's AI ecosystem is supported by major tech giants like Baidu, Alibaba, and Tencent, which power consumer-facing applications and contribute considerable investment and innovation toward foundational and applied AI technologies.
NZ Herald
17 hours ago
- Sport
- NZ Herald
Yu Zidi: Rivals laud ‘phenomenally talented' 12-year-old swim sensation
Twelve-year-old schoolgirl Yu Zidi has been labelled 'phenomenally talented' by her rivals after narrowly missing out on a medal at swimming's world championships. China's Yu finished fourth in the women's 200m medley in Singapore in her first world championships final, as Canadian star Summer McIntosh took gold. Yu finished the
Kuwait Times
a day ago
- Sport
- Kuwait Times
McIntosh wins 2nd Singapore gold; China prodigy Yu fourth
SINGAPORE: Swimming sensation Summer McIntosh won a second world gold in as many days as she triumphed in the 200m medley on Monday, with 12-year-old prodigy Yu Zidi fourth. The 18-year-old Canadian McIntosh came home in 2min 06.69sec, with Alex Walsh of the United States second (2:08.58) and Canada's Mary-Sophie Harvey third (2:09.15). China's Yu was just outside the medals in 2:09.21, having been fastest off the blocks and in third place before fading a little. McIntosh came to Singapore in red-hot form. She then romped to the 400m freestyle crown on Sunday's opening day of competition and is on track to join Michael Phelps as the only swimmer to win five individual titles at a single world championships. 'Going into the race tonight my goal was to put my head on the wall first, so to get that done is good,' said McIntosh. 'I'm not super-happy with the time, but honestly, at a world championship, my goal is just to go as fast as I can. 'Still happy with the gold and hoping to keep up my streak next time.' The Olympic champion and world record holder came into the 200m medley as strong favourite. The teenager smashed Hungarian Katinka Hosszu's decade-old world record at the Canadian trials in June with a sizzling time of 2:05.70. At the trials she also bettered her own 400m medley world record - her third world mark in a matter of days. McIntosh was one of the stars of the swimming at her breakout Olympics in Paris a year ago. She won three golds, including the 200m and 400m medley double. In Singapore she will also race in the 400m medley, 200m butterfly and 800m freestyle. Chinese schoolgirl Yu, who juggles swimming with homework, threatened to win an astonishing world medal before she even becomes a teenager. Yu, who turns 13 in October, will also compete in Singapore in the 400m medley and 200m butterfly. The minimum age at the championships is 14 but younger swimmers can compete if - like Yu - they meet the qualifying standard. Meanwhile, a 'fragile' Gretchen Walsh shook off a stomach bug to power to a dominant victory in the 100m butterfly final at the world championships in Singapore on Monday. World record holder Walsh took gold in 54.73sec - the second-fastest time in history - ahead of Belgium's Roos Vanotterdijk (55.84) and Alexandria Perkins of Australia (56.33). The United States team has been hit with a bout of acute gastroenteritis and Walsh said she had been laid low heading into the race. 'The last couple of days my body has been fragile,' said the 22-year-old. 'I've needed to give myself grace and luckily I had the morning to recover and rest and I used that. 'That helped me enormously going into tonight.' Walsh set the world record of 54.60sec in May. She said she had to 'reevaluate my expectations' for the world championships after her battle with illness but surprised herself with her performance. 'I'm over the moon,' she said. 'I'm really happy that when it mattered, I was able to do that and get my hands on the wall.' This is Walsh's first long course individual world title and the Olympic silver medalist was clear favorite. She won two relay golds at the Paris Olympics but was pipped to gold in the 100m butterfly final by team-mate Torri Huske in an upset. Huske decided against racing in the 100m butterfly in Singapore due to the gastroenteritis outbreak.- AFP
The Star
a day ago
- Sport
- The Star
Swimming-I'm no genius, says 12-year-old Yu after just missing podium at worlds
(Reuters) -Chinese 12-year-old Yu Zidi has become a sensation at the world championships after missing the podium by only 0.06 seconds in the women's 200 metres individual medley in Singapore on Monday, but she was keen not to get caught up in the hype. Yu, who shaved over a second off her personal best to finish in two minutes 9.21 seconds, received high praise from fellow competitors but said she was focusing only on her training. "I will try to get on the podium. But I feel like that's probably impossible. Still, I want to give it a shot. I was one step short today, so I will keep working hard," Yu told CCTV. American silver medallist Alex Walsh said Yu has a bright future. "She's obviously phenomenally talented at such a young age, and I think it'll be interesting to see how she takes this meet and translates it into the future swims," Walsh said. With the media comparing her with prodigies like Canada's Summer McIntosh, who claimed gold in the race, Yu shook her head when asked if she was a genius. "Not really. It's all thanks to hard training," she said. Yu is set to compete in the 200m butterfly on Wednesday, with the 400m medley to follow on Sunday. (Reporting by Beijing Newsroom, additional reporting by Chiranjit Ojha in Bengaluru; Editing by Ken Ferris)
New Straits Times
a day ago
- Sport
- New Straits Times
Rivals laud 'phenomenally talented' 12-year-old swim sensation
SINGAPORE: The 12-year-old schoolgirl Yu Zidi was labelled "phenomenally talented" by her rivals after narrowly missing out on a medal at swimming's world championships on Monday. China's Yu finished fourth in the women's 200m medley in Singapore in her first world championships final, as Canadian star Summer McIntosh took gold. Yu finished the race in 2min 09.21sec, missing out on bronze by 0.06sec. American Alex Walsh, who took silver, said Yu was "phenomenally talented at such a young age." "I think it will be interesting to see how she takes this meet and translates it into the future swims she has because she's definitely got a really bright future," said Walsh. Yu was fastest off the blocks and she was in third place before fading towards the end of the race. She will also compete in Singapore in the 400m medley and 200m butterfly. Canada's Mary-Sophie Harvey, who beat Yu to the bronze, said the Chinese swimmer can be a force at the 2028 Los Angeles Olympics. "She might have more pressure by the end of the meet because she's been swimming really well so far," said Harvey. "I used to be a junior and I used to think that it's just gaining experience for the future, and I think going into LA we're probably going to see her a lot more." Yu discovered swimming as a six year old in order to cool off in China's boiling-hot summers. Michael Bohl, China's storied Australian swimming coach, has predicted big things. "I've never seen a 12-year-old that could swim like this," he told Chinese state broadcaster CCTV in May. The minimum age at the world championships is 14 but younger swimmers can compete if – like Yu – they meet the qualifying standard. - AFP
