Investment Key to China Closing AI Gap With U.S., SenseTime Executive Says

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Xu Bing, co-founder of SenseTime. Photo: IC Photo

In the race for superiority in artificial intelligence (AI), the U.S. has about 10 times the computing power of China, but that gap can be narrowed with substantial investment, according to an executive of a leading Chinese AI firm.

While the U.S. benefits from its vast number of high-performance graphics processing units (GPUs), China is rapidly advancing its domestic chip technology, said Xu Bing, co-founder of SenseTime Group Inc. during a panel Wednesday at the Beyond Expo 2024 in Macao.

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The U.S. has 10 times the AI computing power of China, but China's investments in domestic chip technology and rapid GPU advancements could narrow this gap.
China's goal is to reach 300 exaFLOPS of computing power by 2025, and it had reached 230 exaFLOPS by the end of 2023.
Despite advancements, there is a significant funding gap in AI-generated content (AIGC) between China and the U.S., with Chinese firms raising $1.3 billion compared to $23 billion by U.S. firms in 2023.

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Who’s Who

SenseTime Group Inc.: SenseTime Group Inc. is a leading Chinese AI firm known for its AI-powered facial recognition technology. The company recently released an updated version of its SenseNova generative AI model, showcasing significant improvements in linguistic and creative capabilities akin to ChatGPT. Co-founder Xu Bing highlighted that China could soon match or surpass international AI models, attributing their advancements to substantial data resources and ongoing improvements in domestic chip technology.

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