China's tech sector is facing significant hurdles in its bid to capture the AI gold rush that has electrified Wall Street.
The country's efforts to establish itself as a leader in artificial intelligence are being stymied by several key challenges, including regulatory uncertainty and a struggle to secure advanced computing resources. Despite regulatory shifts allowing more AI applications and models to operate, Chinese companies still contend with restrictions on accessing cutting-edge GPUs, largely due to U.S. sanctions that are slowing their ability to train sophisticated AI models Furthermore, although China's regulatory environment for AI has begun to stabilize, with recent approvals for major companies like Baidu, the country still faces difficulties in achieving parity with the U.S. in terms of AI development. For example, while some Chinese AI models are nearing the performance level of international leaders like OpenAI's GPT, the gap remains significant when it comes to real-world applications As Wall Street looks to capitalize on the AI boom, China’s tech giants are trying to catch ...