Zhang Yong, chairman and CEO of Alibaba Group, as well as chairman and CEO of Alibaba Cloud Intelligence Group, emphasized the significance of aligning AI technology development with societal norms for the benefit of the public.

He mentioned the continuous improvement of laws and regulations that have created a conducive environment for the sustainable advancement of AI technology.

In January, Alibaba introduced principles guiding the responsible use of AI technology, placing emphasis on its utility, reliability and trustworthiness.

Zhang said China possesses strengths in AI development, attributing them to a solid foundation, diverse application scenarios and the integration of real-world data.

The country's progress in AI has been propelled by its foundation and reliance on high-quality computing power.

China boasts the world's second-largest computing power capacity, experiencing an annual industry growth rate of nearly 30 percent.

Cloud computing as a fundamental infrastructure supporting the digital economy facilitates seamless data integration, he said.