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According to a report by Bloomberg, in January this year, the low-cost and high-performance AI model launched by Chinese AI company DeepSeek caused a shock in the global technology community and brought significant urgency to China's tech giant Alibaba. To quickly catch up with this technological breakthrough, engineers at Alibaba canceled their vacation during the most important traditional Chinese festival — the Spring Festival — choosing to stay overnight in the company and fully commit themselves to AI R&D. Chairman of Alibaba, Joseph Tsai, vividly told this story of racing against time at the VivaTech Science and Technology Conference held in Paris on Wednesday.

The CEO of JPMorgan emphasizes the importance and profound impact of artificial intelligence. JPMorgan is actively researching AI technology, which may play a significant role in areas such as cybersecurity and pharmaceutical research. AI could even help in conquering cancer.

JPMorgan CEO believes that artificial intelligence is not a hype and could help humanity conquer cancer. The CEO considers artificial intelligence more important than large language models. JPMorgan has already deployed AI technology internally, and AI has promising applications in cybersecurity and pharmaceutical research.

JPMorgan Chase is collaborating with U.S. regulators to prepare for the launch of its first generative AI project. The bank aims to have appropriate controls in place when releasing generative AI products. JPMorgan's Chief Information Officer stated that they are helping regulators understand how generative AI models are built. The bank is testing an AI application that generates earnings summaries for all its companies. Additionally, JPMorgan is developing an AI assistant that provides precise steps to resolve customer issues.

JPMorgan's analysis shows that Vietnam has a more promising long-term development outlook in the field of artificial intelligence. Compared to Vietnam, Malaysia and the Philippines are relatively lagging in AI development. The Vietnamese government actively supports technological innovation and the growth of the digital economy.