Two takeaways from a recent AI conference in Beijing:
- The Ministry of Science and Technology will be treating AI as a strategic emerging industry, with the preferred policy and financial support that entails.
- Huawei has about 80% of the domestic AI computing power market, chiefly through its Ascend processors, and will be the a key driver of hardware solutions for larger-scale modelling.
CHAT GPT the Benchmark
As per established playbook, Chinese AI will be benchmarking against American pioneer Chat GPT. This from the Beijing Bureau of Economy & IT’s whitepaper, presented at the conference. Two more claims from the paper:
- Beijing will be supporting development of an open-source AI app ecosystem to streamline participation in and growth of large-scale modelling.
- As of October 2022, Beijing already had 1,048 core AI enterprises registerd, accounting for 29% of China’s total.
In a Family Huawei
Head of Huawei’s Ascend AI unit, Zhang Dixuan, said at the conference that its ecosystem had secured over 20 hardware partners, 1,000 software partners, and more than 1.2m developers working on close to 2,000 solutions.
CIS’ Six China AI Stocks to Watch
Jiang Jialin of China Industrial Securities sees AI accelerating the development of autonomous driving, cloud services, IT intelligence, intelligent manufacturing, and robotics. His top AI stock picks:
1. FLYTEK 00230.SZ
the domestic leader in artificial intelligence, and has long been engaged in the research of core technologies such as speech and language, natural language understanding, machine learning reasoning and autonomous learning.
2. Dawning Information Industry 603019.SH
a domestic leader in the field of high-performance computing, backed by the Chinese Academy of Sciences, providing high-performance computers, general-purpose servers, storage, security, data centers, and other ICT infrastructure products.
3. ThunderSoft 300496.SH
an intelligent operating system product and technology provider for the global market. A supplier to Huawei covering IoT and intelligent computing.
4. China TransInfo Technology 002373.SZ
domestic leader in intelligent transportation and intelligent monitoring. At present, the cooperating with Huawei in B-side navigation electronic maps, autonomous driving maps, V2X and more.
5. Hundsun Technologies 600570.SH
a leading financial software and network service provider in China, focusing on the financial industry. In recent years, the company has been committed to financial digitization and modelling using AI.
6. Talkweb Information System 002261.SZ
One of the first top AI computing hardware production partners authorized by Huawei Ascend. Its AI training server comes equipped with 8 Ascend 910, providing FP16 computing power of 2.56P FLOPS. Its tech is used at the Changsha & Chongqing AI Innovation Centers , at the National Integrated Computing Power Network Main Hub Center, and other AI centers.