SOEs' AI push may transform industries
10 months ago

SOEs' AI push may transform industries

China Daily  

Robots seen on the assembly line of automaker FAW Group in Changchun, Jilin province. The meeting emphasized that central SOEs should integrate the development of AI into their overall planning, actively promote industrial renewal, and accelerate the layout and development of the AI industry, information released by SASAC showed. "At the same time, with the development of AI technology, central SOEs can also achieve transformation and upgrading, as well as reinforce their earnings strength," said Pan. Central SOEs' investment in strategic emerging industries, including new energy, new materials, "new infrastructure" and biotechnology, totaled 2.18 trillion yuan in 2023, up 32 percent year-on-year. "This will explore new avenues, seize fresh opportunities and cultivate new advantages," said Li, adding that deepening strategic cooperation within the industrial chain ecosystem and accelerating the development level of the modern industrial system will be priorities for central SOEs in 2024. [email protected]

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