China’s computing must get faster as economic rivalry intensifies, but ‘it will be a long process’, warns former bank head

The NFA hosted the forum, which focused on “digital intelligence transformation” and the application of “big model technology” among financial institutions.

His call for supercharging China’s computing capabilities also echoes Beijing’s oft-repeated interest in bolstering the nation’s technological self-sufficiency, and this suggests more resources will be allocated in the digital race with Washington.

Computing power is also what drives advancements in booming sectors such as artificial intelligence (AI), big data and cloud computing – underpinning everything from ride-hailing services to daily business operations and AI applications such as ChatGPT.

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