Alibaba Chairman: "Chinese Companies Lag 2 Years Behind the US in AI Development"

Alibaba Chairman Daniel Zhang assessed that Chinese companies are two years behind American companies in the field of artificial intelligence (AI) development, according to a report by the Hong Kong South China Morning Post (SCMP) on the 5th.

Chai Chongxin, Chairman of Alibaba

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According to the report, Chairman Zhang made this statement during a recent podcast interview with Nikolai Tangen, CEO of Norges Bank Investment Management, which manages Norway's sovereign wealth fund.

He attributed the main cause to the US regulations on AI targeting China. Chairman Zhang lamented, "The US export controls that prohibit Chinese companies' access to advanced semiconductors such as graphics processing units (GPUs) have clearly affected Chinese tech companies, including Alibaba."

At the end of last month, the US announced regulations to block China from importing advanced AI processors, semiconductor manufacturing equipment, and even laptops containing semiconductors included in the export control list. This was a revision of the export control measures targeting China made in October last year. The revised regulations took effect on the 4th.

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