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China's AI Set to Bloom as New Era of Innovative Applications Unfolds in 2024 | Insights


Chongqing - In an interview with Bridging News, Wu Chaoze, Head of Research and International Business at CSC Financial Co., Ltd., emphasized the synergy between U.S. and Chinese innovations in AI and next-generation technologies.

She likened the rise of generative AI to the emergence of the mobile internet a decade ago, predicting a significant boom in AI applications in China this year, similar to last year's trends in North America.

Wu highlighted the upcoming surge in AI applications in video, marketing, education, and healthcare. This will drive significant investment in computing power, the communication industry, and IPC terminals, boosting the performance of consumer electronics and semiconductors. She remains very optimistic about the future of technology.

Wu emphasized that improving competitiveness is crucial for manufacturing companies going overseas. Future efforts will focus on brand value, cultural promotion, globalization, and industrial upgrading.

For Chongqing, Wu stressed the importance of leveraging the entire new energy industry chain, from batteries to vehicles. Lithium batteries, new energy vehicles, and photovoltaic exports have become the new pillars of growth.

She noted that financial institutions are crucial for supporting international expansion. Japan's manufacturing industry has historically boosted its insurance and banking sectors, enhancing foreign exchange and global delivery. Similarly, HSBC grew by serving global clients.

Wu believes Chinese financial institutions, including brokerages, insurance companies, and banks, must develop global services to support their clients' globalization.


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