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Renowned AI pioneer Kai-Fu Lee is launching 01.AI’s first consumer AI application, Wanzhi, to enhance productivity for Chinese users. The app includes features such as creating spreadsheets and documents, interpreting financial reports, and providing summaries of lengthy texts. Lee also highlights the need for China to develop its own version of ChatGPT, a popular chatbot released by OpenAI. This move is significant in China’s competitive AI landscape and its efforts to catch up with U.S. firms in generative AI.