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World AI Conference opens in Shanghai

World AI Conference opens in Shanghai

AI Conference

The World AI Conference (WAIC) in Shanghai is set to kick off on Thursday, with Tesla CEO Elon Musk expected to deliver a keynote speech at the opening ceremony. While it remains unclear whether Musk will attend in person or via video, sources suggest he is unlikely to be physically present. Musk’s participation aligns with significant developments in international trade, as the European Union prepares to impose preliminary tariffs on Chinese electric vehicle (EV) imports.

Tesla, being the leading exporter of EVs from China to Europe, has sought a separate duty rate from the Commission to mitigate the impact of the additional 21% tariff. The conference, which runs from July 4 to 6, 2024, is expected to attract more than 500 enterprises showcasing over 1,500 AI-related products and systems. This year’s event reflects China’s growing influence in the field of artificial intelligence amidst its ongoing tech rivalry with the United States.

World AI conference kickoff highlights

Major tech companies such as SpaceX, Alibaba Group Holding, and Tencent Holdings are slated to showcase their latest AI advancements at the conference. SenseTime, a key player in the AI industry, saw its Hong Kong-listed shares rise 17.39 percent on Wednesday, indicating strong investor confidence in the sector.

Attendees can anticipate live demonstrations and cutting-edge innovations from companies like Iluvatar Corex, Moore Threads, Enflame Technology, and Biren Technology. Huawei Technologies is also expected to have a significant presence, despite the ongoing pressure from US sanctions. As the conference unfolds, it becomes increasingly evident that the global competition for AI dominance is intensifying.

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China aims to lead the creation of critical AI standards on the international stage, making the World AI Conference a crucial platform for showcasing its technological prowess and fostering collaboration with global partners.

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