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China’s AI race runs headlong into a fragile job market
With youth joblessness high and layoffs looming, Beijing has to balance its AI ambitions and shielding workers.
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China has a long-running industrial plan to cultivate AI as a pillar of growth and national security.
PHOTO: AFP
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You know you’ve made it when there are scalpers peddling tickets at prices nearly three times over, which was what happened at the recent World AI Conference in Shanghai.
The enthusiasm and scale of the late-July event was unprecedented, with more than 800 Chinese and international exhibitors showcasing a record 3,000 exhibits including large language models, AI-powered devices and intelligent robots.
