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Robin Li, co-founder, chairman and CEO of Baidu Inc, addresses the World Internet Conference Nishan Dialogue on Digital Civilization in Qufu, Shandong province, on June 26, 2023. [Photo provided to chinadaily.com.cn]

Robin Li, co-founder, chairman and CEO of Baidu Inc, said establishing comprehensive legal frameworks, institutional systems and ethical standards to ensure the healthy development of AI is vital to fostering a favorable innovation ecosystem.

He added it is important to prioritize risk prevention when developing AI by establishing mechanisms that allow for experimentation, adaptation and course correction to strike a dynamic balance between innovation and regulation.

As China has unique strengths in AI application scenarios, the development of specialized large models needs to be further tailored to sectors such as finance, healthcare and power.

By responsibly steering AI development and ensuring security measures, large models can shape a transformative digital landscape, he concluded.

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The World Internet Conference (WIC) was established as an international organization on July 12, 2022, headquartered in Beijing, China. It was jointly initiated by Global System for Mobile Communication Association (GSMA), National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT), China Internet Network Information Center (CNNIC), Alibaba Group, Tencent, and Zhijiang Lab.