US EditionSoul App's Study Exposes the AI Social Paradox: Over 80% of Gen Z Build Real-World Ties with the Help of AI
- DeepSeek, a Hangzhou-based start-up, triggered a surge in AI adoption across China, even reaching rural areas where residents are using chatbots for advice on farming and pest control.
- This AI adoption is occurring in the context of China's extensive internet and mobile phone penetration, alongside efforts by Chinese Big Tech firms like Alibaba and Tencent to develop user-friendly chatbots and government initiatives aimed at bridging the rural-urban poverty gap.
- Tencent, for example, formed a specialized team and launched an 'AI Goes Rural' campaign in Jiaohe, Jilin province, encouraging villagers to use their Yuanbao chatbot for tasks like plant identification, document review, and accessing government subsidies, which village chief Lu says has become part of rural life.
- Ali Dibadj, the Janus Henderson Investors CEO, stated that "it's hard to bet against any country with 1.4 billion people,", while Jenny Johnson, the CEO of Franklin Templeton, said on Thursday at the HSBC Global Investment Summit in Hong Kong, "Absolutely it's investable," referring to the world's second-largest economy.
- Despite this optimism, especially surrounding China's tech sector following DeepSeek's release, there are concerns about AI-generated misinformation and the potential for fabricated content, as DeepSeek-R1's 14.3% hallucination rate compared to DeepSeek-V3's 3.9% suggests a need for safeguards and clear labeling of unverified AI outputs.
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Wall Street changes its tune on China as DeepSeek and policy hopes win back investors: 'Confidence does feel like it's returned'
What a difference a year makes. In early 2024, China was struggling through a sluggish post-pandemic recovery, thanks to weak consumption, ongoing worries about property, and a continued hangover from a regulatory crackdown on China’s tech sector. The pessimism was reflected in equity markets: listings in Hong Kong, the traditional channel for Chinese companies looking for foreign capital, had dried up amid regulatory scrutiny. The Hang Seng I…
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