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Advancements in AI and Cloud Technologies Shape China's Tech ...
2024-07-26 14:59:09
Tech
Artificial Intelligence
China

Advancements in AI and Cloud Technologies Shape China's Tech Landscape

At the ChinaJoy expo, tech giants Tencent, Microsoft, and Amazon showcased AI tools tailored for Chinese gaming developers. Tencent Cloud collaborates with Kuro Games, Microsoft assists Perfect World and NetEase, and Amazon aids Moonton and Lilith Games.

The industry is optimistic about AI's potential but grapples with quality and computing costs. China is narrowing the AI gap with the US, unveiling competitive AI solutions and sharing code.

Alibaba leverages AI for the 2024 Olympics, offering cloud-based services and cutting-edge technologies. Shanghai, a key economic hub, focuses on AI, humanoid robotics, and low-altitude economy enhancements, aiming to elevate industrial services and foster innovative platforms.

Related news on that topic:

The AI Stocks Poised to Join the Trillion-Dollar Club

Alphabet and Nvidia are two AI growth stocks that have the potential to become trillion-dollar companies. Despite Alphabet's lower valuation compared to Microsoft, it is expected to grow earnings per share at a faster rate. If Alphabet meets these expectations, it could reach a $3 trillion valuation by 2025. Similarly, Nvidia's current valuation seems reasonable given its expected annual earnings growth. It could also become a trillion-dollar company by 2026. The Motley Fool's Stock Advisor service has had a strong track record of identifying stocks with high returns, including Nvidia. In addition to Alphabet and Nvidia, other companies like Microsoft, Amazon, and AMD are also making significant inroads in the AI industry. However, investors should be cautious as stocks like Nvidia have experienced corrections in the past. Overall, the AI revolution presents opportunities for investors to profit from the growth of these companies.

Investing in Artificial Intelligence Stocks: Key Takeaways

Investing in artificial intelligence (AI) stocks has the potential for significant gains. The Motley Fool's Stock Advisor team has identified several stocks, including Nvidia, that have produced impressive returns. Nvidia's vast reach in tech and AI makes it a better option than AMD, according to Wall Street analysts. Palantir Technologies, a software company, has also seen its stock gain due to rising interest in AI. Super Micro Computer, a new AI index member, has outperformed Nvidia in the first half, offering a cheaper alternative. However, investors should be cautious of overpriced stocks like Nvidia, as insiders have been selling shares and the valuation is high. It is important to do thorough research and consider a balanced, sector-based approach when investing in AI stocks, focusing on quality companies that blend growth and value.

The press radar on this topic:

New York Times - Technology
26. Juli 2024 um 14:27

China Is Closing the A.I. Gap With the United States

Technology
Politics
Chinese tech firms unveil AI to rival US; Chinese firms release AI to public, share code. Kuaishou video generator like OpenAI's Sora, available to consumers. China catching up to US in AI despite US head start. World Artificial Intelligence Conference in Shanghai showcases progress. Startup founder Qu Dongqi demonstrates Kuaishou's AI video generator. Chinese firms more willing to release AI that could accelerate disinformation, unlike American companies.
Big Tech - South China Morning Post
26. Juli 2024 um 07:00

Alibaba puts Olympics on the cloud, adding AI services while taking over for satellite | South China Morning Post

Technology
Alibaba Cloud's AI-powered 2024 Olympics platform; first cloud-based distribution, replacing satellite; Tongyi Qianwen chatbots, AthleteGPT, Google's 3D maps; SenseTime's AI sports analysis; US tech giants' AI tech; Olympics in ultra high definition; IOC oversees event coverage.
China Economy - South China Morning Post
26. Juli 2024 um 09:00

China’s economic powerhouse seeks AI, humanoid robotics, low-altitude economy upgrade | South China Morning Post

Technology
Economy
Shanghai to expedite low-altitude economy, including layout of routes, drone cargo, eVTOL in Qingpu. Also targets AI, humanoid robots, 50 high-revenue platforms, 5+ global unicorns to upgrade industrial services, with Pudong already producing 4 of 12 China's humanoid robots.
Big Tech - South China Morning Post
26. Juli 2024 um 13:01

Tencent, Microsoft, Amazon pitch AI tools for video game developers at ChinaJoy expo | South China Morning Post

Technology
Economy
Politics
Tencent, Microsoft, Amazon pitch AI tools to Chinese gaming firms at ChinaJoy. Tencent Cloud leads cloud adoption, works with Kuro Games; Microsoft supports Perfect World, NetEase; Amazon aids Moonton, Lilith Games. Industry optimistic about AI's transformative potential, but balances quality and computing costs. Gaming market saw 2.1% revenue growth in H1 2023, but 2.4% drop in H1, 14% full-year growth, per industry association.
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