Alibaba Summit: Nvidia and Microsoft Leaders Praise Potential of Generative AI - Alibaba Gr Holding (NYSE:BABA), Microsoft (NASDAQ:MSFT), NVIDIA (NASDAQ:NVDA)

Alibaba Group Holding Limited's BABA annual design industry summit saw artificial intelligence-generated content (AIGC) grabbing attention this year at the four-day event on Sunday in Hangzhou.
William Shen, vice president and general manager of APAC professional visualization computing at Nvidia Corp NVDA, exhorted how generative AI could help content creators, developers, and business leaders increase productivity, SCMP reports.
Shen acknowledged industrywide research based on Nvidia graphics processing units, adding that while generative AI has matured in two-dimensional images, the three-dimensional space is still developing rapidly.
This event, which marked the first summit since China lifted its pandemic control measures, saw over 5,000 attendants, including over 100 industry veterans from the likes of Nvidia and Microsoft Corp MSFT, the backer of ChatGPT- developer OpenAI.
Shen highlighted Nvidia's Omniverse, a real-time 3D graphics collaboration platform that can coordinate various design software and integrate with generative AI to create content, like short videos.
Shen urged the need to combine the industry based on generative AI, connect with professional software, and make a better product with productivity.
Shanying Leung, partner design director at Software Technology Center Asia at Microsoft, described the potential applications of AI to the design industry as "boundless."
Several Alibaba staff also shared their insights on the prospects for AIGC.
The application of AIGC to video, 3D, and other areas "may explode in future," which may bring the application of computer vision into a new field," Zhao Deli, director of the foundation vision team at Alibaba think tank DAMO Academy, said.
Price Action: NVDA shares traded lower by 2.05% at $383.56 on the last check Tuesday.
Photo via Wikimedia Commons

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