CITIC Group

The 2024 World Artificial Intelligence Conference and Global Governance Summit, held in Shanghai from July 4th to 6th, gathered scientists and entrepreneurs from around the world. Together, they envisioned a future where AI advancements foster collaborative governance and innovation across industries. The rapid evolution of AI technologies showcased at the 2024 World Artificial Intelligence Conference highlights not only their technological prowess but also their profound implications for global governance and societal integration. As AI continues to advance, its transformative potential extends beyond industrial applications to encompass broader societal benefits and ethical considerations. Forging New Frontiers in AI The conference showcased remarkable advancements, exemplified by the debut of innovative technologies like the global landmark steel factory from CITIC Tai Fung Special Steel. Here, intricate displays revealed the transparency of blast furnace operations, illustrating efficiency gains such as a 56.6% increase in R&D effectiveness and a 47.3% decrease in defect rates. These advancements underscore how AI-powered insights are revolutionizing industries, enhancing precision and productivity on a global scale. "Two global landmark factories have already been established by CITIC," remarked Zhang Wenwu, Deputy Secretary of the Party Committee and General Manager of CITIC Group. These AI applications span across 29 manufacturing bases worldwide,…