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AI industry sees prosperous future in China

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BEIJING, June 4, 2024 /PRNewswire/ — A report from People’s Daily: The application of rubber seal strips onto a car roof was accompanied by a captivating display of a huge robotic arm picking it up and rotating it mid-air. This interesting scene was unfolded at a 5G-Advanced (5G-A) flexible production line in a factory of China’s carmaker Great Wall Motors (GWM) in Baoding, north China’s Hebei province.

Thanks to the integration of 5G-A and artificial intelligence (AI), this efficient production line has slashed 60 hours of downtime per year, thus avoiding potential losses of over 800 million yuan ($110.36 million) that could have been incurred by delayed deliveries.

In recent years, China has made significant strides in AI development, marked by steady growth in industrial scale, robust infrastructure, and a rapid increase of innovative products.

“The vast application scenarios, huge market, and massive talent pool have laid a solid foundation for the vigorous development of China’s AI industry,” said Yu Youcheng, deputy secretary-general of the Chinese Association for Artificial Intelligence (CAAI).

According to Yu, a large number of new breakthroughs, technologies and applications are rapidly emerging across different application scenarios in China.

Gradual improvement in infrastructure — In 2023, the total size of China’s data center racks reached 8.1 million and the scale of computing power reached 230 EFLOPS. In particular, the scale of intelligent computing power has reached 70 EFLOPS, an increase of over 70 percent.

Steady growth in industrial scale — The total scale of China’s core AI industry has reached 500 billion yuan, and the number of related enterprises has exceeded 4,400. According to a report released by CCID Consulting, a market research firm affiliated with China Center for Information Industry Development (CCID), the market scale of China’s AI industry will reach 1.73 trillion yuan by 2035, accounting for 30.6 percent of the world’s total.

Continuous expansion of integrated applications — So far, large-scale AI models developed by China have shown tremendous potential in areas such as smart mining, drug research and development, meteorology, government services, finance, intelligent manufacturing, and railway management. The integrated application of the industrial internet in China has expanded to 49 major categories of the national economy, and generative AI has been widely applied in chatting robots, intelligent search, and text generation.

At the general cargo terminal of Rizhao Port in east China’s Shandong province, a diverse array of general cargo items came together before making their way to different parts of the world, including steel plates made in Handan, north China’s Hebei province, excavators from Zhuzhou, central China’s Hunan province, and drainage pipes from Zhengzhou, the capital city of central China’s Henan province.

In the past, the complex loading and unloading procedures for these items, which varied greatly in shape and size, resulted in low operational efficiency. Now, with an AI-enabled planning system, the port has boosted its overall operational efficiency by 10 percent and yard throughput by 20 percent.

Apart from assisting intelligent manufacturing, AI technology can also make typhoon forecasts, develop new drugs, identify faults, and formulate production plans. These remarkable breakthroughs are paving the way for an era of intelligence.

The application of AI technology in the transportation sector has enhanced operational efficiency and raised safety levels.

In Changsha, the capital city of Hunan province, buses have been connected to an intelligent traffic control system managed by the traffic police. When a bus approaches an intersection, the traffic signal will automatically switch to green, allowing the bus to have priority passage.

“Smart public transportation saves commuting time by 30.7 percent on average compared to regular transportation modes,” said Liu Gao, a project leader of Xiangjiang Smart Tech Innovation Center. So far, 75 routes in downtown Changsha have gone through intelligent transformation, Liu added.

AI technology has also made scientific research more efficient. Chinese software company Kingsoft has unveiled a one-stop office productivity platform powered by AI, which can analyze data as well as reading and recognizing Chinese characters, serving as a “well-rounded” digital employee.

While applied in experiments, AI technologies can significantly save the time needed for scientific research. For instance, Baidu AI Cloud and Shanghai Jiao Tong University have jointly developed an open-source platform for scientific data, which can accelerate the entire chain of chemical synthesis, ranging from molecular design and reaction design to condition generation and reaction testing. This platform can reduce the time required for designing potential functional molecules, such as drug molecules and their synthesis plans, from several months to just dozens of minutes.

In the face of the booming development of the AI industry, many experts and business leaders have highlighted the importance of accelerating AI-related sci-tech innovation and promoting high-quality development and high-level application of AI in order to foster new growth drivers.

Moving forward, China will continue to enhance AI infrastructure, expand AI applications, and advance key and core AI technologies to bring its AI industry onto a higher level.

 

View original content:https://www.prnewswire.com/apac/news-releases/ai-industry-sees-prosperous-future-in-china-302163353.html

SOURCE People’s Daily

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Bybit Showcased Innovative Payments and Crypto Solutions at Web Summit Rio 2025

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DUBAI, UAE, May 4, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to have been a part of this year’s Web Summit in Rio. From April 27 to 30, the world’s largest technology event took place in Brazil’s startup city, Rio de Janeiro, where Bybit presented its future-ready crypto offering and innovative payments solutions. 

Crypto integration into traditional payments is rapidly becoming part of everyday life for millions of users around the world, especially in emerging markets, and Bybit is at the forefront of the revolution with unmatched crypto-native solutions. Bybit—The Crypto Ark—caters to all of the crypto community’s needs — from trading, custody, on and off-ramping, payments, and more — and is fast becoming the ultimate crypto lifestyle brand. 

Through local partnerships and product innovation, Bybit’s LATAM chapter aspires to become the lifestyle partner of the crypto community. In 2025, Bybit officially launched Bybit Pay in Brazil powered by Transfero, offering a blockchain-based payment gateway and seamless crypto-to-fiat experience. This new product solution simplifies crypto payments and settlement for users in LATAM’s largest economy. 

Bybit Pay Key Features

QR Code support – scan to pay with fiat or crypto via PIX in BrazilUnified crypto and fiat wallet management all in one placeSupports multiple currencies including BRL, USDT, USDC, BTC, and ETH Secure transactions protected by blockchain encryptionUnlocking merchants access to Bybit’s 60+ million global users

At Web Summit Rio, the Bybit booth welcomed hundreds of attendees who experienced Bybit Pay in person. Visitors and the Bybit team exchanged insights on the future of crypto and how institutions, merchants, and retail users can pivot into the digital economy with on-chain solutions. 

Web Summit Rio also featured the Transfero x Bybit Happy Hour, presented by Bybit Pay at the Transfero booth. Visitors got their hands on Bybit’s innovative payments solutions built for crypto over a free beer and additional perks — experiencing a Bybit Pay transaction in seconds and taking home free Bybit-branded merchandise.

The all-in-one crypto powerhouse is also dedicated to enriching customer experience beyond transactions. Bybit recently announced its strategic partnership with Tomorrowland Brasil, making crypto a key highlight at this iconic music festival hosting hundreds of thousands of music fans every year. The upcoming rendition is set for October 10 to 12 in Itu, São Paulo. As the exclusive Payment Partner for Tomorrowland, Bybit’s sponsorship is a world-first — bridging music and the crypto savvy generation. 

“For the younger generation in Latin America, crypto is becoming a way of life. We want to help create a world where paying, sending, and investing in crypto becomes instant and borderless for everyday users. What we are building now will enable millions of customers to benefit from the rapidly emerging digital asset class both on-chain and in real life with increasing ease,” said Israel Buzaym, Country Manager of Brazil.

Local customers can explore Bybit Pay Brazil and the ultra-rewarding Bybit Card with up to 10% cashback in Brazil and Argentina.  

#Bybit / #TheCryptoArk  

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com 

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Contact

Head of PR
Tony Au
Bybit
tony.au@bybit.com

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SOURCE Bybit

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Vitalchat Launches Hardware Leasing Option to Make Virtual Care More Predictable and Affordable for Hospitals

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New hardware leasing program bundles high-definition cameras, audio equipment, and other essential components with software, maintenance, support, and ongoing feature updates, all under a single, predictable monthly expense.

NEW ORLEANS, La., May 4, 2025 /PRNewswire-PRWeb/ — Vitalchat, a leader in AI-powered ambient solutions for inpatient virtual nursing and procedural telehealth, today announced a new leasing program that enables hospitals to access camera and audio hardware through a flexible monthly subscription, transforming large upfront capital expenses (CapEx) into more manageable operating expenses (OpEx).

“This option removes large upfront working capital barriers and allows hospitals to predictably spend their money over time. It eliminates surprises and provides the budget predictability that finance leaders need.” Wes Stewart, Chief Financial Officer, Vitalchat

While hardware leasing models exist in healthcare, Vitalchat’s program is specifically designed to address the unique requirements of virtual nursing and procedural telehealth deployments. Vitalchat’s approach combines all the necessary hardware and software, maintenance, support and regular application feature and functionality updates into a single, predictable monthly expense. The program includes high-definition cameras with zoom capabilities, night vision features, audio equipment, and other essential components needed for virtual nursing and telehealth deployments. Vitalchat also offers multiple configuration options to meet various clinical needs across in-patient settings and procedural environments.

“As a CFO, I understand the value this model brings to healthcare financial planning,” said Wes Stewart, Chief Financial Officer at Vitalchat. “It removes large upfront working capital barriers and allows hospitals to predictably spend their money over time. If a camera breaks, they don’t have to purchase a new one, it’s simply swapped out while maintaining the same monthly rate. It eliminates surprises and provides the budget predictability that finance leaders need.”

The leasing program is part of Vitalchat’s ongoing mission to reduce barriers to adoption in healthcare environments where technology needs evolve rapidly. This approach allows hospitals to scale their virtual care infrastructure up or down as needed, without being locked into outdated equipment or face unexpected replacement costs. As hospitals continue to prioritize virtual nursing, virtual sitting, and hybrid care models, this offering helps care teams deploy innovative technology faster, with fewer operational hurdles and a more sustainable financial model.

The new program is available immediately.

About Vitalchat

Vitalchat delivers a flexible audio and video platform designed to transform healthcare delivery by addressing critical challenges like nursing shortages, procedural telehealth and care coordination with clinical teams, patients and their family members. Our technology utilizes AI to perform continuous real-time analysis of video, audio, and sensory data collected in the care setting to identify trends, predict risks, and flag anomalies that are then turned into meaningful alerts and automated actions that support the clinical teams in delivering efficient, safe and coordinated care. For more information about Vitalchat, visit www.Vitalchat.com

Media Contact

Jennifer Haas, Vitalchat, 1 9786973921, info@vitalchat.com, Vitalchat.com

View original content:https://www.prweb.com/releases/vitalchat-launches-hardware-leasing-option-to-make-virtual-care-more-predictable-and-affordable-for-hospitals-302445256.html

SOURCE Vitalchat

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Ottocast Introduces New-Gen Android Car Box NanoAI, Anchors New Era of Vehicle Intelligence

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HONG KONG, May 4, 2025 /PRNewswire/ — Ottocast, a leading provider of aftermarket connectivity solutions for cars and smartphones, has proudly announced the launch of the new-generation Android car box NanoAI, integrating AI emotive display, voice assistant, CloudSIM and the Android 13 system to provide users with brand-new AI-enabled in-vehicle experience through upgraded intelligent solutions.

NanoAI is equipped with the elite-performance Qualcomm Snapdragon 680 chip, and the basic edition has a memory configuration of 8GB and 128GB. With the Android 13 system and CloudSIM, it can connect to the internet without Wi-Fi, hotspot or a physical SIM card. It also supports seamless switching of CarPlay, Android Auto and OttoDrive 2.5, providing more personalization options and full application access.

The interactive 1.83-inch AI screen responds to voice commands to ensure safer driving, and the AI-powered Co-Pilot makes conversations smoother and smarter. The enhanced control unlocks more apps and features beyond standard CarPlay or Android Auto, and users can customize the system for a tailored experience and stream videos, browse the web, or use non-native apps directly on the display.

“Nano is our answer to the future of smart cockpits. It represents not only a product upgrade, but also Ottocast’s new vision and thinking on the integration of user experience and AI,” said Hery Zeng, deputy director of Ottocast product development center.

NanoAI’s wireless connection simplifies smartphone interaction with the vehicle, while its plug-and-play installation ensures a clean setup without messy cables. Additionally, it enhances safety with GPS tracking and security features.

“The AI emotive display and voice control completely changes the way users communicate with the vehicles, in that it’s no longer an ice-cold piece of equipment, but more like a partner sitting at the co-pilot,” said Sophia Chang, CEO of Ottocast.

As Ottocast’s most forward-looking product, NanoAI not only is a major leap for Ottocast’s AI-enabled in-vehicle experience, but also represents the company’s entry into the smart AI cockpit sector and a turning point to shift the product strategy from “car adapter” to “intelligent car computing terminal,” lowering the threshold for smart cockpit upgrades and promoting the transition of the aftermarket to high value-added products.

Looking ahead, Ottocast will continue to expand its product line with commitment to further redefining the future of in-vehicle lifestyle through continuous innovation, turning the automobile into a true “third space.”

For more details, please visit www.ottocast.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ottocast-introduces-new-gen-android-car-box-nanoai-anchors-new-era-of-vehicle-intelligence-302438960.html

SOURCE OTTOCAST CORPORATION LTD

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