Artificial intelligence is already reshaping industries and markets, even though artificial general intelligence (AGI) \u2013 a still theoretical form of AI capable of humanlike reasoning across many tasks rather than single specialised functions \u2013 has yet to be achieved.<\/p>\n
That was the message of a recent essay posted on X by start-up founder Matt Shumer, titled \u201cSomething Big Is Happening\u201d. He likened the current moment to the period just before the Covid-19 pandemic, arguing that the disruption driven by AI could prove \u201cmuch, much bigger\u201d.<\/p>\n
The warning has resonated across US tech and investment circles, capping several uneasy weeks in which traditional software-as-a-service (SaaS) stocks came under pressure amid concerns that their business models could be undermined in an AI-driven economy.<\/p>\n
China, however, has so far appeared relatively insulated from this latest bout of AI-fuelled anxiety.<\/p>\n
Even as Chinese AI models continue to narrow the gap with their US counterparts, particularly following a string of major releases over the past week, legacy software stocks in China have largely held steady.<\/p>\n
Some AI-adjacent firms have even attracted fresh investor interest. Cultural and content-creation companies, for example, saw share prices rise after ByteDance unveiled its powerful Seedance 2.0 video-generation model, as the industry expects the tool to improve productivity and streamline workflows.<\/p>\n","protected":false},"excerpt":{"rendered":"Artificial intelligence is already reshaping industries and markets, even though artificial general intelligence (AGI) \u2013 a still theoretical…\n","protected":false},"author":2,"featured_media":283888,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,6166,363,364,610,607,158378,4431,158379,158380,26578,4452,19327,111,139,69,72387,620,149464,3747,145,3040],"class_list":{"0":"post-283887","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-anthropic","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-bytedance","13":"tag-china","14":"tag-concordia-ai","15":"tag-hong-kong","16":"tag-ivan-su","17":"tag-matt-shumer","18":"tag-minimax","19":"tag-moonshot-ai","20":"tag-morningstar","21":"tag-new-zealand","22":"tag-newzealand","23":"tag-nz","24":"tag-omdia","25":"tag-openai","26":"tag-openclaw","27":"tag-shanghai","28":"tag-technology","29":"tag-us"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/283887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=283887"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/283887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/283888"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=283887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=283887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=283887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}