China's regulator summons Alibaba, ByteDance, Baidu, Tencent, JD.com, Meituan and others to end 'involutionary' competition. Firms are spending billions on Lunar New Year promotions for AI services. Warning aims to curb excessive user acquisition battles.
Key Points
- 1.SAMR summons top tech firms
- 2.Targets 'involution' in AI promotions
- 3.Billions spent on user giveaways
Impact Analysis
Could stabilize competition, reduce wasteful spending, and shift focus to sustainable AI development in China.