The advent of fast-growing artificial intelligence (AI) and increased computing power, coupled with the innovative, integrated development of other related industries will give a major boost to the high-quality development of the digital economy, according to experts.
With the rapid development of the digital economy and the widespread application of information technology, the computing power, as the cornerstone of the AI development, has become a main prop to shore up the social development, according to attendees the 2024 Artificial General Intelligence Computility Forum in Beijing on Thursday.
China's overall computing power has grown at an average annual rate of nearly 30 percent over the past five years, reaching 1.97 trillion floating-point operations per second, ranking second globally.
Alongside China's 'new quality productive forces' -- which refers to an increased focus on innovation and technology -- insiders say that this enhanced computing capability is one of the key drivers pushing forward the country's high-quality development.
"Computing power has promoted the development of the artificial intelligence application, and applications and scenarios have in turn driven the development of computing power. And both have jointly promoted the development of new quality productive forces. Artificial intelligence has been integrated into all walks of life. The faster the computing power, the better the application scenario experience will be," said Wang Yi, president and general manager of NETNIC, an IT networking and cloud computing services provider.
The cutting-edge breakthroughs being made in the advancement of AI are also playing a big role in boosting the development of the sports service sector.
At the Forum on the Development of New Quality Productive Forces in Sports Services, also held in the Chinese capital on Thursday, attendees held in-depth discussions on how new tech innovations can drive the optimization and upgrading of the sports industry and supply chains, deepen the innovative development of the digital sports economy, and empower the cultivation of talents.
"We have been using digital technology to help the development of the entire sports event economy from multiple aspects such as the players' service experience and the delivery of events. At the same time, the rapid development of sports equipment in terms of intelligence, digitization and convenience has created greater development space for the sports service industry," said Chen Li, president of Boden Sports.