8. Status and Development Trend of Artificial Intelligence Application in the Private Equity Industry

Refer to https://​chinaplus.​cri.​cn/​chinaplus/​news/​china/​9/​20181031/​203609.​html. According to Du et al. (2023), AI chip is critical for the development of AI industry, while China’s AI chip technology is still in the primary stage, breakthrough of AI chip technology bottleneck requires advancement in core technology, industrial chain, and commercial application. In addition, related entities in China were slow to develop AI ethics frameworks (Lee 2018; Hickert and Ding 2018) before 2019, while there was a surge in attempts to define ethical principles since 2019 (Roberts et al. 2021). For example, China’s Ministry of Science and Technology established the National New Generation Artificial Intelligence Governance Expert Committee in March 2019, and the committee released eight principles for the governance of AI in June 2019.

Three-Year Action Plan for Promoting the Development of a New Generation of AI Industries (2018–2020), Ministry of Industry and Information Technology Official Website, 2017.

In September 2023, Tencent debuts its large language artificial intelligence model “Hunyuan”, which is similar in power and capabilities to GPT-3 and available for enterprise use in China.

A brief description of public strategies for supporting AI in Germany and Hessen could be found in Bredt (2019).

For example, internal and external market information, research activities, research reports, stock rating changes, earnings forecast changes, simulation portfolio changes, enterprise intrinsic value, research minutes.

For example, announcements, research reports, contracts, financial reports, legal documents, bills, documents, operation reports.

There is a lack of the macroeconomic situation, information in the industry, real-time public opinion and other multi-dimensional information.

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