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OpenAI's latest artificial intelligence model, Sora, took center stage on Chinese social media platforms during Spring Festival with its stunning text-to-video effects. The model sparked heated discussion about AI and the surging demand for computing power.

Beijing will develop into a global exemplar city for digital economy with an overall transformation in production, governance and lifestyle driven by digitization, Yin Yong, mayor of the city, said on Sunday during the second session of the 16th Beijing Municipal People's Congress.

AI has become a major driving force for bolstering the innovative development of digital economy, and its integration with the real economy is speeding up.

Despite some voices calling for geopolitically driven "decoupling" or "de-risking" in technology, there is a consensus that global cooperation is vital for the semiconductor industry and China's appeal will only grow with its increasing clout in the global semiconductor industrial chain.

Emerging technologies such as the internet of things and the booming digital economy, where China is leading, will create new growth drivers for the world amid a challenging global environment, experts and entrepreneurs have said.