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In Depth: At WAIC, China’s AI Boom Runs Into Commercial Reality

By Gu Zhaowei and Yang Ziyue
2026年07月31日 19:39
Chinese tech giants are pushing the limits of computing clusters, enterprise agents and robotics. But as the hype settles, the industry faces a grueling reality check on commercial viability and consumer demand
Visitors gather at the Moonshot AI booth during the 2026 World Artificial Intelligence Conference in Shanghai. The Chinese startup kicked off the event by releasing Kimi K3, a massive open-source model. Photo: Yang Ziyue/Caixin

The World Artificial Intelligence Conference (WAIC) in Shanghai opened this year with the buzz of a trade fair at full tilt — and the unease of an industry under pressure to show it can turn technical advances into durable businesses.

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