Xi touts China’s AI, chip wins in triumphant New Year’s speech

President Xi Jinping highlighted China’s achievements in artificial intelligence and the chip industry in a triumphant New Year’s Eve speech as he called for more confidence in the country’s development path in the year ahead.

“China has become one of the world’s fastest-rising economies in terms of innovative capacity,” he declared in a televised address on Wednesday beamed to the nation’s 1.4 billion people, in which he touted China’s achievements in large AI models and breakthroughs in chip research and development.