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China Proposes New Global AI Body to Counter Western Dominance

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Chinese Premier “Li Keqiang ”made the call during his speech at the opening ceremony of the World Artificial Intelligence Conference in Shanghai on Saturday, July 26, 2025, to propose the establishment of an organization to promote global cooperation in the development of artificial intelligence. While not specifically mentioning the United States in his speech at the Shanghai AI Conference, Li warned that “artificial intelligence may become a tool exclusive to a few countries and companies.”

  Chinese Minister “Li Keqiang ”made the proposal in a speech at the AI Conference in Shanghai, confirmed by the Chinese Foreign Ministry. Li stressed the need to strengthen coordination among countries to establish a global AI governance framework and rules based on broad consensus while preserving the development and safety of the technology. Li Keqiang emphasized the need for governance and open-source software development, with China officially proposing the establishment of a Chinese-led body for international cooperation on artificial intelligence. Official Chinese warnings that AI development must be balanced against security risks are evident, with China eager to achieve global consensus on this matter despite the intense technological competition between Beijing and Washington. Chinese Premier Li Keqiang emphasized that “the risks and challenges posed by AI have drawn widespread attention to the fact that finding a balance between development and security urgently requires greater consensus from all of society.” The use of AI in all fields has raised major ethical questions, from the spread of misinformation to its impact on employment and the potential loss of technological control.

  From my analytical perspective, this Chinese call to establish an organization to promote global AI governance comes as a step that reflects the growing importance of AI globally, with the United States calling, just days before the Shanghai conference, to promote AI technology in the future of the American economy. This is the same call US President Donald Trump announced on Wednesday, July 16, 2025, regarding a massive investment package aimed at supporting energy infrastructure and data centers. This announcement was made during his participation in the first Energy and Innovation Summit, held at Carnegie Mellon University in Pennsylvania. The US announcement coincided with the US announcement that all US companies involved in AI technology would invest approximately $92 billion in data center projects, with an estimated $36 billion invested in data center projects and approximately $56 billion in power generation sites. The US AI Summit was attended by senior executives from BlackRock, Palantir, Antropic, Exxon, and Chevron, with the announcement that this US AI funding will cover the construction of new data centers, power generation, network infrastructure, AI training, and internship programs.

  In this context, the Chinese government has developed a National Agenda for AI Technology Development, and China has emerged as a global leader in AI research and development. In 2016, the ruling Communist Party of China released its 13th Five-Year Plan, aiming to make China a global leader in AI by 2030. The Central People’s Government of the Communist Party of China has a list called the “National AI Teams,” which includes fifteen Chinese companies, most notably Baidu, Tencent, Alibaba Group, SenseTime, and iFlytek. Each company is expected to lead the development of a specific AI sector in China, such as facial recognition, software, hardware, and speech recognition. Recently, China launched “DeepSeek,” a Chinese AI application that outperforms “ChatGPT” and has caused a stir in global technology markets. 

 The Chinese government attaches great importance to artificial intelligence, having included it in the National Strategic Plan since 2016, with the issuance of numerous policies supporting its development. In addition to China’s massive investments in AI technology development, the Chinese government is pumping significant capital into developing AI models and applications, including establishing investment funds for AI startups. The Chinese government is also working to develop infrastructure by building a “National Integrated Computing Network” to enhance AI computing and data processing capabilities. China also aims to use AI to raise the level of industry and improve productivity and economic growth, with a focus on developing AI applications in various sectors, such as smart cities, medicine, and scientific research. Meanwhile, some Chinese companies, such as the Chinese company “DeepSeek,” are developing open-source AI models, contributing to the promotion of innovation in this field. 

  China seeks to enhance international cooperation in the field of artificial intelligence by sharing its expertise and technological products with other countries, particularly to support its agenda of advancing the developing global South in the face of American and Western technological hegemony.

  To compete with China in the field of artificial intelligence, in January 2025, Trump launched Project Stargate, with investments estimated at $500 billion over four years in data centers in the United States, with $100 billion in contributions from OpenAI, Japan’s SoftBank, and the American company Oracle. Trump also reversed policies adopted by the administration of former President “Joe Biden,” which imposed restrictions on the development of powerful artificial intelligence algorithms and restricted exports of advanced technology to some allied countries. Trump is also expected to present his plan to keep pace with the development of artificial intelligence in the face of China’s superiority over American AI technology tactics. 

  To this end, we note that despite China’s call to establish a new organization to enhance governance in the field of artificial intelligence, the United States has rejected any Chinese proposal in this regard. This is due to previous restrictions imposed by the United States on the export of advanced technology to China, including the latest AI chips manufactured by companies such as Nvidia and chip manufacturing equipment, based on concerns that this technology could enhance China’s military capabilities. Despite these restrictions, China has continued to make strides in the field of artificial intelligence, prompting US officials to request an audit of Chinese AI development equipment and machinery. To this end, Chinese state-led AI investment funds are pumping massive capital into developing AI models and applications, including an $8.2 billion AI fund for startups. China is also adopting a “National Integrated Computing Network” to pool computing resources across public and private data centers.

  From the above analysis, we find that the artificial intelligence industry in China is a massive investment, exceeding billions, and is developing at an unprecedented pace, especially since the roots of AI development in China in the late 1970s, following the economic reform policy implemented by former Chinese President “Deng Xiaoping”, which emphasized the role of science and technology as a fundamental productive force within China.



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VCs Bet on AI to Revive Slumping Consumer Tech Investments

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In recent years, venture capitalists have navigated a challenging environment for consumer technology investments, marked by diminished returns and a slowdown in blockbuster exits. Funding rounds for apps, gadgets, and digital services that once captivated markets have dwindled, as economic pressures and shifting consumer behaviors favor more conservative bets. This downturn has left many investors searching for the next catalyst to reignite growth.

Yet, a cadre of forward-thinking VCs is pinning their hopes on artificial intelligence as the force that could reverse this trend. By integrating AI into everyday consumer products, they argue, startups can create novel experiences that stand out in a saturated market, potentially leading to the kind of viral adoption seen in the early days of social media.

Emerging Optimism Among Investors
This optimism is echoed in recent analyses, including a report from Business Insider, which highlights how a vocal group of VCs believes AI will transform consumer tech from its current slump. These investors point to AI’s ability to personalize user interactions, automate mundane tasks, and generate content on demand, thereby addressing the fatigue consumers feel toward repetitive apps and hardware.

For instance, AI-driven companions could evolve beyond simple chatbots into sophisticated tools that anticipate needs, such as curating personalized shopping lists or managing daily schedules with uncanny accuracy. This shift, VCs contend, moves consumer tech from passive consumption to active enhancement of daily life, potentially unlocking billions in untapped revenue.

AI’s Role in Revitalizing Sectors
Drawing from insights in a related piece by Business Insider on dating and social apps, investors are betting on AI to tackle societal issues like loneliness by fostering genuine connections through intelligent matching algorithms. Unlike traditional platforms, these AI-infused services could analyze behavioral data to suggest real-world meetups, blending digital and physical worlds in innovative ways.

Moreover, the pressure on AI to deliver economic value is immense, as noted in an Axios article emphasizing the high stakes of massive investments by companies and governments. If AI succeeds in consumer applications, it could stabilize venture capital flows, preventing a broader tech recession.

Challenges and Realistic Expectations
However, not all views are unbridled enthusiasm; some experts warn of hype cycles that could lead to disillusionment. A Business Insider analysis describes AI entering a “meh” era, where initial excitement gives way to practical evaluations, which might ultimately strengthen the technology’s foundation.

VCs like those at Menlo Ventures, as profiled in another Business Insider report, advocate for specialized AI apps that promote human connections, such as multiplayer experiences that bring people together offline. This approach contrasts with past consumer tech failures by focusing on meaningful utility rather than fleeting novelty.

Future Projections and Strategic Bets
Looking ahead, predictions from top VCs in a Business Insider forecast for AI trends suggest that 2025 could see a surge in agentic AI—systems that act autonomously on behalf of users—revitalizing sectors like e-commerce and entertainment. Investors are also eyeing regulatory changes that could ease liquidity, as discussed in a Business Insider overview of 2025 tech trends.

Ultimately, while risks remain, including potential bubbles as flagged in a Business Insider guide on spotting AI overvaluations, the consensus among insiders is that AI represents a pivotal opportunity. By solving real consumer pain points, it could not only end the slump but redefine the industry’s trajectory for years to come, provided startups execute with precision and avoid the pitfalls of overhype.



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Tranztec Intros Product to Connect Trucking Carriers’ Data, Tech

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Tranztec Solutions introduced a cloud-based, artificial intelligence-driven software-as-a-service solution that makes it easier to connect trucking carriers’ data and disparate technology systems.

The FuzionPro product benefits carriers and their technology vendors by enabling these connections without the need for custom coding or contracted services to build and maintain them, the company said in a Monday (Sept. 15) press release.

With the connections enabled by this SaaS product, carriers and their technology partners can unlock data, automate workflows and generate insights for improved operations and profitability, according to the release.

This capability provides carriers a way to improve their operations and profitability and offers vendors an opportunity to boost revenue and increase customer satisfaction, per the release.

Tranztec CEO Dennis Abrahams said in the release that “once systems are connected through FuzionPro, our partners have found that it provides much more than an integration and have access to a true data hub with a comprehensive set of tools to unlock value and drive better, more profitable economics for the entire operation.”

PYMNTS reported in December 2023 that AI is optimizing trucking operations by automating repetitive tasks, using data to facilitate better decision-making, streamlining workflows and reducing costs.

“A lot of the tasks done within the industry on a daily basis can be automated, first of all,” Jaime Tabachnik, co-founder and CEO at trucking FinTech Solvento, told PYMNTS at the time. “And second, you can leverage data to make better decisions to optimize your products. Optimizing efficiency and reducing waste in the system will eventually result in greater profits for everyone.”

In August, Oway raised $4 million in a seed round to support its “rideshare freight platform” that provides an AI-enabled marketplace designed to cut less-than-truckload freight costs. The company said its marketplace uses AI to track vehicles and match them with shippers, taking advantage of the fact that 50% of all truck space in the U.S. goes empty.

In March 2024, Iron Sheepdog raised $10 million to expand its broker- and contractor-focused trucking solution. The company said at the time that its technology platform uses GPS tracking, real-time analytics tools, digital ticketing, and automated invoicing and reporting to offer transparency and reliability to “a traditionally disparate industry.”

For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.



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Sabre restructures and announces new partnership with Travelin.Ai

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US: Travel technology company Sabre has confirmed a partnership with blended travel platform Travelin.Ai while also restructuring its sustainability team, which saw the departure of senior executives.

Sabre signed a deal with Travelin.Ai that will give the corporate booking platform access to its SabreMosaic Travel Marketplace. The agreement included content from traditional airlines, NDC offers, low-cost carriers, and lodging suppliers.

The partnership also brought Travelin.Ai customers access to Sabre’s Lodging AI technology. The tool was designed to provide personalised hotel suggestions based on trip context and traveller preferences, including recommendations when flights were booked without a hotel or when properties were sold out.

Sabre said early testing showed that travellers engaging with AI-powered hotel options were up to 14 per cent more likely to complete a booking.

Travelin.Ai, which enables travellers to combine business and leisure bookings in a single workflow, will also offer split payment technology to separate business and personal expenses. The new functionality is set to roll out via travel management companies across the UK, Nordics, US, Australia, and Germany.

The move follows its recent launch of Mosaic Marketplace, an AI-powered platform that utilises AI-powered tech to present content to customers based on user preferences.

Separately, Sabre confirmed that three executives had departed its sustainability team as part of an internal restructuring. The exits raised questions about how the company intends to maintain momentum in its environmental programmes at a time when demand for sustainable travel options is growing.

Highlights

  • Sabre partnered with corporate booking tool Travelin.Ai to expand access to its travel marketplace

  • The agreement included Sabre’s Lodging AI, offering personalised hotel recommendations

  • Travelin.Ai supports blended business and leisure bookings with split payment options

  • Sabre restructured its sustainability team, leading to the departure of three executives



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