Market research firm Omdia has released a report indicating that the Chinese generative artificial intelligence (GenAI) software market is experiencing rapid growth. The report shows that by 2024, China's GenAI software revenue is expected to reach $1.8 billion, approximately 13.1 billion yuan. This market is still in its infancy, but the development potential over the next five years is enormous, with the market size projected to grow 5.5 times, reaching $9.8 billion by 2029, approximately 71.4 billion yuan. Omdia's report emphasizes

Wall Street is closely watching Meta Platforms (META) for its aggressive push into artificial intelligence (AI) and its dominant position in digital advertising. The tech giant's early investments in AI infrastructure are seen as a strong engine for long-term growth, with some analysts even setting lofty price targets between $650 and $800 per share. Over the past year, Meta's revenue grew by 23% year-over-year, reaching $156.23 billion. Additionally, its operational efficiency remains impressive, boasting a return on equity of 36%.

At the Reuters NEXT conference held on December 11, Robin Vince, CEO of BNY Mellon, expressed optimism that the U.S. economy will experience growth under newly elected President Donald Trump. Vince noted that economic growth is crucial for the U.S., and Trump has made it clear that he believes in the nation's economic potential. He emphasized that as a financial institution with a 240-year history, BNY Mellon is committed to providing diversified financial services to its clients, including custody,

At the 2024 Baidu World Conference held at the Shanghai Expo Center, Li Yanhong, founder, chairman, and CEO of Baidu, announced an impressive achievement: the daily call volume of the Wenxin large model has exceeded 1.5 billion, a figure that has grown by more than 7.5 times in the past six months.

Recently, OpenAI announced an important personnel appointment, naming former U.S. Chief Economist Aaron Chatterji as the company's first Chief Economist. This former economist who worked under President Joe Biden will provide an economic perspective to OpenAI's research, focusing on the impacts of artificial intelligence (AI) on economic growth and employment prospects. Chatterji has a rich background in government work and previously served as a senior member of President Barack Obama's Council of Economic Advisers.