Shanghai recently hosted the World Artificial Intelligence Conference, China’s largest AI conference. According to a new survey, Chinese business leaders are significantly ahead of their global counterparts in adopting generative AI (GenAI). The survey found that more than 80% of Chinese business leaders surveyed are currently using GenAI in their operations, compared to a global average of 54% and a US average of 65%. “China has not only made significant progress in the practical aspects of orchestrating AI into its existing systems and processes, but also in building trust by preparing for GenAI regulation,” the report said. China is betting on generative AI to better manage its “massive population” and the data it collects. “Pioneering generative AI could give China a global competitive advantage in unlocking value and data,” the report said. Still, safety concerns such as hallucinations, deepfakes, and data privacy are prompting governments to quickly enact rules for the new techno...