Chinas AI Sector Hits Fever Pitch Ahead of Lunar New Year
China's AI Industry Surges: Technical Breakthroughs and Fierce Market Competition Coincide Ahead of Lunar New Year A potent combination of a significant technical breakthrough in generative video AI and an intense, high-stakes battle for user adoption is defining China's artificial intelligence landscape as the Lunar New Year holiday approaches. The sector is witnessing a dual-front advancement: one marked by a domestic model garnering unprecedented global attention for its capabilities, and another characterized by massive consumer-facing campaigns by tech giants aiming to cement their AI products as indispensable daily tools. Seedance 2.0: A Chinese Video Generation Model Captivates Global Audience In recent days, AI-generated videos from a platform called "Jimeng" (即梦), powered by ByteDance's in-house video generation model Seedance 2.0, have spread virally across social media, from Chinese platforms like Douyin and WeChat to international networks like X. T...