Ke Ruiwen, Chairman of CHINA TELECOM (00728.HK) +0.010 (+0.187%) Short selling $1.48M; Ratio 2.990% (601728.SH) -0.040 (-0.517%) , said at the main forum of the Eighth Digital China Summit that this year is the first year of the scale application of AI, according to Chinese media. The new generation of open-source AI technology represented by DeepSeek realized high performance, low cost and lightweight, significantly reducing the threshold of arithmetic power and algorithms, promoting the accelerated popularization of foundation model applications and bringing a new development momentum for the construction of digital China.Related NewsCCBI Expects HSI to Fluctuate Around 22,000 in ST, Calls for Range Trading StrategyIn the face of the explosive growth in demand, the key to AI scale application has shifted from computing power and algorithms to data elements, Ke added.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-02 16:25.) (A Shares quote is delayed for at least 15 mins.)