China narrows AI development gap with US, but still lags in advanced chips: CLSA

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China has significantly closed the gap with the US in artificial intelligence development, but remains years behind in cutting-edge semiconductors, according to analysts at investment group Citic CLSA.The China-US AI gap has narrowed to around three months from more than a year, thanks in part to the influx of AI talent, fast technology iteration and a boom in AI applications on the mainland, said Tony Zhang, head of China technology research at CLSA, in a media briefing on Tuesday.While...