The World Artificial Intelligence Conference (WAIC) opened in Shanghai this week, bringing together global technology firms and investors [1].

The event serves as a critical junction for AI development as the U.S. and China continue to compete for technological supremacy. By hosting the gathering, China aims to position itself as a leader in both the innovation of AI tools and the establishment of global governance standards [2].

Participants at the conference are showcasing the latest advances in artificial intelligence. The event focuses on the practical application of these technologies across various industries, and the role of investment in accelerating AI deployment [1].

In a speech delivered during the proceedings, President Xi Jinping said China is committed to ensuring equitable AI access for developing nations [3]. This move suggests a strategic effort to build alliances with the Global South by offering technological support and infrastructure that may be less restrictive than Western alternatives [3].

Beyond the hardware and software displays, the conference is hosting discussions on AI governance. These talks aim to address the ethical implications of automation, and the need for a coordinated international framework to manage the risks associated with rapid AI scaling [1, 2].

The conference takes place in 2026 [1], marking another year of concentrated effort to integrate AI into the core of the Chinese economy and its international diplomatic strategy [3].

Global technology firms and investors gather in China to showcase artificial intelligence advances.

The 2026 WAIC highlights China's dual-track strategy: advancing domestic AI capabilities while simultaneously pitching itself as a provider of 'equitable' technology to developing countries. This approach seeks to counter US influence by framing AI access as a global right rather than a strategic asset, potentially shifting the geopolitical balance of tech governance.