Breakthroughs in AI, backed by immense computing power, are transforming multiple facets of society and making once lofty sci-fi dreams a reality. Advances in AI and high-performance computing (HPC) are democratizing access to innovative AI tools and driving the development of increasingly sophisticated semiconductor chips. China’s GenAI space is also booming, with many tech firms creating their own proprietary large language models (LLMs) for AI-powered solutions.