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The swift adoption of AI in China, its largest testing environment, may influence worldwide AI utilisation.

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On a recent weekday, some 50 individuals congregated outside the headquarters of a Chinese mobile internet firm, seeking assistance with the installation of an artificial intelligence assistant.

The scenario in Beijing, the capital of China, recurred for several days at other events and was also observed in the southern technological hub of Shenzhen in March, when engineers assisted audiences in configuring the popular AI “agent” OpenClaw on their laptops.

“I am concerned about lagging in technological advancements,” stated Sun Lei, a 41-year-old human resources manager at the Cheetah event. She expressed her ambition that the tool may assist her in sourcing and screening resumes from many recruitment sources.

Over a year following the revelation of DeepSeek’s sophisticated AI model, China’s landscape has evolved into a proving ground for the widespread use of AI technologies. AI models developed in the United States continue to excel in computational capacity; nevertheless, Chinese individuals and enterprises have rapidly adopted the technology, enabling its rapid and extensive integration across nearly all sectors.

With the rapid global use of AI in businesses and daily life, ordinary Chinese individuals are utilising AI for various tasks, including travel booking and planning, meal ordering, and ride-hailing. As of December, over 600 million individuals from a population of 1.4 billion were utilising generative AI, reflecting a 142% rise from the previous year, according to a research by the government-controlled China Internet Network Information Center.

Jason Tong, a 64-year-old retiree in Shanghai and former IT engineer, has utilised AI chatbots like Doubao and Kimi for routine enquiries since their inception a few years ago.

He commenced a more vigilant focus on his health and, in early March, enrolled in a blood glucose monitoring program operated by a Shanghai-based company that employs an AI model to provide personalised health recommendations. He has found its customised, prompt responses beneficial.

Tong asserts that the extensive integration of AI applications into daily life is unavoidable, stating, “Just as carriages were ultimately supplanted by trains, this will inevitably occur.”

Chinese products utilising AI, including automobiles and robotics, are experiencing significant progress, ranging from humanoid robots with sophisticated cognitive capacities to AI systems that assist drivers with complex tasks such as restaurant reservations.

Lizzi Lee, a fellow at the Asia Society Policy Institute’s Center for China Analysis specialising in economics and technology, stated, “The competition in artificial intelligence is evidently transitioning from models to ecosystems.” “Chinese users are effectively functioning as large-scale real-time testers.”

Chinese technology firms such as Tencent, Alibaba, and Baidu are competing to commercialise artificial intelligence. Tencent included OpenClaw into WeChat, China’s proprietary “super-app,” which primarily functions as a messaging platform but also facilitates activities such as food ordering and payment processing. Alibaba is integrating “agentic” AI into its operational processes.

OpenClaw facilitates the broader adoption of artificial intelligence applications in China.
OpenClaw, developed by Austrian software engineer Peter Steinberger last year, gained rapid and fervent adoption due to its capacity to utilise diverse tools for executing complex tasks.

Zhao Yikang, a Chinese university student in Macao, utilises OpenClaw for both his academic pursuits and everyday activities.

He was impressed by its affordability and efficiency, utilising it to automatically produce promotional videos and oversee social media accounts during his internship at a real estate business in Zhuhai, a city in southern China.

Zhao stated, “AI can comprehend information instantaneously.” “You simply need to assume the role of a commander and instruct it accordingly.”

Zhao requested AI to create a corporate website in preparation for launching a picture services firm post-graduation. In about 10 minutes, it produced a fully operational website for less than 5 yuan (70 cents).

Chinese authorities issued multiple warnings regarding potential security hazards associated with OpenClaw AI “agents,” such as data breaches, despite the continued high interest and increased installations.

Janet Tang, a partner and managing director specialising in technology at consultancy AlixPartners, stated that Chinese organisations are progressively establishing internal objectives to enhance AI utilisation for efficiency improvement.

Wang Xiaogang, co-founder of the Chinese AI software firm SenseTime and chairman of ACE Robotics, stated that there are numerous application scenarios. The sector is advancing rapidly, and individuals are receptive and enthusiastic about experimenting with AI in various contexts.

U.S. export regulations simultaneously facilitate and obstruct the utilisation of AI in China.
China has endeavoured to gain an advantage by significantly spending in talent cultivation and securing access to ample, cost-effective electricity for its energy-intensive AI advancements and innovations.

Chinese leaders have committed to an annual average growth of at least 7% in national research and development expenditure within the country’s five-year plan until 2030 to attain technological advancements, particularly in AI. A national framework for “AI plus” delineates measures to incorporate AI across several sectors, including healthcare and education. Judges in Shenzhen adjudicated 50% more cases last year, according to a court, partially aided by an AI technology facilitating judicial procedures.

Nonetheless, restricted access to certain advanced computer chips due to U.S. regulations continues to impede China’s AI progress.

Samm Sacks, a senior scholar at New America specialising in Chinese technology policies, stated, “Export controls on tools have impeded China’s chipmaking capabilities and represent the Achilles’ heel of numerous AI laboratories reliant on advanced AI chips.”

However, the regulations have resulted in enhanced coordination of design, manufacturing, and implementation throughout China’s technology supply chain. Sacks stated, “Over time, this dynamic could enhance, rather than hinder, China’s ambitions.”

Last month, when China’s DeepSeek unveiled its highly anticipated V4 AI model preview, a significant alteration was the incorporation of computer processors produced by the Chinese technology conglomerate Huawei. This signifies less reliance on leading U.S. semiconductor manufacturers like Nvidia.

A recent analysis from Stanford University’s Institute for Human-Centered AI indicates that the performance disparity in leading AI models between the U.S. and China has “effectively closed.”

U.S. officials and leading AI companies, such as Anthropic and OpenAI, have alleged that Chinese AI startups are appropriating U.S. AI innovations. China asserts that these charges are unfounded.

Lian Jye Su, a lead analyst at the research and consultancy firm Omdia, posits that the AI disparity between the U.S. and China will persist in diminishing, notwithstanding U.S. export restrictions and China’s Great Firewall, the extensive internet filtration and censorship apparatus employed by the Chinese Communist Party.

Analysts, including Su, contend that obstacles like the Great Firewall will likely affect China’s AI utilisation in constrained manners, considering that the technology is already being tested, integrated, and scaled within China’s regulated internet framework.

“China will soon transition from being a fast follower to a parallel innovator,” he stated.

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Global corporate bond markets reshaped by AI debt sales

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  • Big Tech bond offerings from Europe to Japan and Switzerland show smaller markets, traditionally dwarfed by the U.S., can flex their muscles in the $40 trillion corporate debt sector.

Google-parent Alphabet (GOOGL.O) is already one of the largest outstanding borrowers in the sterling and Swiss franc corporate bond markets, while Amazon (AMZN.O) raised 14.5 billion euros ($16.88 billion) in March from an eight-part deal, the biggest ever in the euro corporate bond market, LSEG said.

The debt issuance by so-called “hyperscalers”, or Big Tech, outside the United States is part of a campaign to diversify funding early as they plan to finance trillions of dollars of investment in AI infrastructure, mainly data centres, in the years ahead, bankers say.

Companies can also hedge their currency risk on global assets by issuing debt in foreign currencies, benefiting from relatively cheaper borrowing costs in regions like Europe.

Alphabet broke records across markets, with its yen, Canadian dollar, Swiss franc and sterling deals all breaking borrowing marks in respective currencies.”If you fast forward 12 months looking at the pace of investment of these companies, some of these companies are going to be already among the biggest issuers globally in any currency,” said Giulio Baratta, co-head of investment-grade finance at BNP Paribas.

Meanwhile, Alphabet and Amazon have helped increase borrowing by non-financial U.S. corporations in Europe to above 60 billion euros ($69.85 billion) this year, another record.

DEBT SALES RECORD

Morgan Stanley forecasts euro debt issuance from the hyperscalers to hit roughly 50 billion euros in borrowing this year, a move that could help the U.S. edge past France as the largest provider of overall corporate debt in the euro zone.”A lot of these markets, including euro, have evolved and now provide a lot more depth and opportunity for larger capital raising than was historically the case,” said John Servidea, global co-head of investment grade finance at JPMorgan, which guided recent offers for the two hyperscalers.

Hyperscalers sold a record amount of international non-financial corporate bonds this year in markets such as the Swiss franc and yen, LSEG tracked.

The capacity for U.S. companies beyond the hyperscalers to raise considerable amounts of money in such markets has not gone overlooked, Servidea added.“They’re definitely looking at other markets more seriously than they would have done before.”

On a broader basis, currencies such as the Australian dollar and Hong Kong dollar have also seen an increase in borrowing as global corporations diversify their funding sources.

Meanwhile, amid international tensions and policy uncertainty, investors are turning to diversification away from the U.S. currency.

BUILDING UP EXPOSURE TO AI

Hyperscalers’ non-dollar issuance has doubled to 30% of their total bond funding this year, Bank of America said.

“It means that Big Tech can go longer periods between taps of the U.S. market and borrow at rates that are in some cases cheaper than the U.S. dollar market, or at least similar,” Servidea said in an email.

Heavy borrowing can weigh heavily on a borrower’s bonds, and experts see indicators of hyperscalers underperforming the U.S. corporate bond market. If you visit it less often, that can assist to lessen the hit.

BNP Paribas, which also arranged ​deals for Alphabet and Amazon, said the companies were mainly holding the cash in the currency they are raising rather than converting ​them back to dollars.

As for investors, they are seeking to gain exposure to the AI theme in the international bond markets where technology brands had a limited presence before.

Nicolas Forest, chief investment officer at Candriam, is one example who is buying into the euro offers from hyperscalers to increase exposure to the IT industry in the European bond market.

By the end of April, one round of issuance had seen Alphabet replace the UK’s Prudential as the fourth-largest borrower in ⁠ICE BofA’s pound corporate bond index and the sixth-largest in Swiss francs.

As tech issuance increases, corporate bond markets outside the U.S. will be more exposed to tech trends, for better or worse.“If there are problems with (AI), it will probably create more volatility,” said David Zahn, head of European fixed income at Franklin Templeton.

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PM briefed on health programs by Mustafa Kamal

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Federal Minister for National Health Services Syed Mustafa Kamal met on Prime Minister Shehbaz Sharif on Monday and apprised him of the ongoing and forthcoming developments in the health sector.

During the meeting they discussed subjects related to the ministry.

The prime minister also complimented the ministry’s work for continuous changes in health sector and its efforts for eradication of polio, hepatitis and other fatal diseases.

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A prayer ceremony kicks off Momina Iqbal’s wedding celebrations.

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Pakistani actress Momina Iqbal has officially began her wedding celebrations with a traditional prayer ritual, videos from the event are trending on social media.

According to the data, the wedding celebrations of the actress, who has been in the spotlight due to controversies recently, have started with her fiancé Hamza.

The celebrations began with a “Dua-e-Khair” (prayer for blessings) ritual, attended by close family members, relatives and friends.

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