Opening the World AI Conference (WAIC) in Shanghai on Saturday, Li emphasised the need for governance and open-source development, announcing the establishment of a Chinese-led body for international AI cooperation.

China’s Premier Li Qiang warned Saturday that artificial intelligence (AI) development must be weighed against the security risks, saying global consensus was urgently needed even as the tech race between Beijing and Washington shows no sign of abating.

China's Premier Li Qiang has warned that artificial intelligence (AI) development must be weighed against the security risks, saying that global consensus was urgently

Yet while the U.S. appears to focus on powerful yet proprietary large language models, enterprise AI, and semiconductors, China is taking a vastly different approach to cultivating its AI industry.

Despite U.S. export controls on advanced semiconductors, the company had managed to develop a customizable open technology that could compete with some of the most advanced proprietary American AI models,

U.S. AI models still control over 70 percent of the market, but a collaborative, open source approach has enabled Chinese labs to punch far above their weight.

Opening the World AI Conference (WAIC) in Shanghai yesterday, Li emphasized the need for governance and open-source development, announcing the establishment of a Chinese-led body for international AI cooperation.