On Monday, the UN General Assembly unanimously adopted a China-led resolution that calls on the international community to create a “free, open, inclusive and non-discriminatory” business environment among wealthy and developing nations for AI development.
![Elon Musk speaks at the World Artificial Intelligence Conference in Shanghai on August 29, 2019. Photo: Reuters](https://usercontent.one/wp/www.asiabusinessalert.com/wp-content/uploads/2024/07/China-kicks-off-largest-AI-conference-in-Shanghai-as-tech.jpg)
More than 500 enterprises are expected to take part in this year’s conference, with the leaders of major tech companies expected to speak at the event.
A prominent invited speaker is billionaire entrepreneur Elon Musk – the chief executive of Tesla and Space Exploration Technologies, as well as executive chairman of X, formerly Twitter – who last year extolled China in a live-streamed speech at WAIC as “being great at anything it puts its mind into”, including AI.
SenseTime’s Hong Kong-listed shares on Wednesday closed 17.39 per cent higher to HK$1.62.
![Attendees are seen at the MetaX booth during last year’s edition of the World Artificial Intelligence Conference in Shanghai. Photo: Bloomberg](https://usercontent.one/wp/www.asiabusinessalert.com/wp-content/uploads/2024/07/1720009200_888_China-kicks-off-largest-AI-conference-in-Shanghai-as-tech.jpg)
While LLMs are expected to remain a hot topic at this year’s conference, a number of Chinese semiconductor developers could potentially steal the thunder from other WAIC exhibitors.