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Generative Artificial Intelligence Applications Empower Industries: An Observation of New Momentum of China's Economy

author:Wah Seng Online
Generative Artificial Intelligence Applications Empower Industries: An Observation of New Momentum of China's Economy

On November 17, 2022, the audience was learning about the "Personalized 3D Virtual Human Construction" product. Photo by Xinhua News Agency reporter Zhang Duan

Beijing, June 20 (Xinhua) -- Generative Artificial Intelligence Applications Empower Industries -- Observation of China's New Economic Momentum

Xinhua News Agency reporters Zhou Qianxian, Gao Jianfei, and Zhang Zhaoqing

Just enter what you want, and the machine can quickly draw a beautiful picture. Not only that, but people can also talk about the past and the present with "knowledgeable" and "question-answering" robots, and chant poetry. Whether they are "AI artists" or chatbots, they are all representatives of generative AI.

In recent years, the field of artificial intelligence (AI) has developed rapidly, and many companies have announced accelerated research and development in areas such as intelligent speech, vision, natural language, and AI-generated content.

Located in Hangzhou, Westlake Xinchen Technology Co., Ltd. has been committed to the development of large-scale open source models and AI-generated content products in recent years, and has launched AI content generation platforms, AI painting products and AI psychological consulting products. Users only need to enter keywords or descriptions, and artificial intelligence can create a variety of works.

Lan Zhenzhong, founder of Westlake Xinchen, said that it is a good time for the development of the domestic artificial intelligence industry, because the development of large models has made a qualitative leap in the speed and quality of natural language processing.

At present, the application of artificial intelligence based on content production continues to land, expanding the coverage of AI technology in real life, and has empowered many industries.

Generative Artificial Intelligence Applications Empower Industries: An Observation of New Momentum of China's Economy

On June 8, 2023, visitors walked into the Digital China theme exhibition area of the Cultural Fair. Photo by Xinhua News Agency reporter Liang Xu

The China Academy of Information and Communications Technology said in the 2022 Artificial Intelligence Generated Content (AIGC) White Paper that AIGC can support the multi-dimensional interaction and integration penetration of digital content and other industries, thereby giving birth to new formats and new models, creating new growth points for economic development, and providing new momentum for the development of thousands of industries.

For example, in the field of online customer service, AIGC can improve the efficiency of intelligent customer service robots and reduce labor costs by identifying problem types and automatically answering corresponding questions or transferring to human customer service.

In the financial field, AIGC can help realize intelligent services, including diagnosing financial markets, potential customer needs, transaction risks, etc., so as to optimize business decisions and reduce risks and costs.

In the field of e-commerce, it can also establish multiple types of recommendation systems based on large models to optimize personalized recommendations and product searches in e-commerce. In the field of travel, AIGC can help travel agencies and travel platforms provide users with personalized recommendations related to their interests and preferences, such as attractions, hotels, transportation, etc.

Tian Qi, Chief Scientist of HUAWEI CLOUD Artificial Intelligence Field, said that after decades of accumulation, artificial intelligence technology has ushered in an explosion, and its versatility and impact on society are all aspects, which not only changes the way of human-computer interaction, but also greatly improves productivity.

Generative Artificial Intelligence Applications Empower Industries: An Observation of New Momentum of China's Economy

On May 7, 2022, in Hefei, Anhui Province, technicians from a technology company conducted a functional test of the "AI General Practitioner Epidemic Prevention Robot". Xinhua News Agency (Photo by Xie Chen)

A recent report released by Bloomberg Industry Research pointed out that in the next 10 years, the generative AI market will grow from $40 billion in 2022 to $1.3 trillion in 2032, with a compound annual growth rate of 42%. Generative AI is expected to account for 10% to 12% of IT hardware, software services and advertising spending, and gaming market spending by 2032, up from less than 1% today.

Regarding how to protect the intellectual property rights of creators, Du Lan, senior vice president of iFLYTEK, suggested that first, intellectual property rights should be conducive to encouraging scientific and technological innovation and industrial development. Second, there must be fairness and justice, and a balance should be struck between protecting the rights and interests of original creators and encouraging innovation. The third is to consider the ethical and safety risks of artificial intelligence and guide the development of artificial intelligence in a good direction through the intellectual property system.

In April, the Cyberspace Administration of China issued the Measures for the Administration of Generative Artificial Intelligence Services (Draft for Comments), which states that generative AI service providers should be responsible for the legality of pre-training data and optimization training data sources for generative AI products.

Source: Xinhua News Agency

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