Joe Tsai

So with these types of development, I think it's more conducive to faster adoption.

You want AI to proliferate.

So now you look at China, I'm not saying China technologically is winning in the model war,

But in terms of the actual application and also people benefiting from AI, it has made a lot of development.

I've seen a survey of Chinese firms.

Last year, only 8% were using AI in their business.

Now that number is approaching half, 50%.

So the adoption rate has been fairly fast.

I think that the two countries, AI is such an important element of life.

It's almost like air, right?

And why would any one country say we have sole claim to air?

There's so many things that AI can do in medicine, in biology.

I think there's a lot of room for cooperation.

Yeah, it's definitely made our operations more efficient.

So we actually don't have to hire as many people.

I'm still on this sort of mission to write our quarterly earnings release with AI and maybe just- Meaning have a model, right?

Yeah, and also put AI on the analyst conference call, see if people can tell the difference.

But anyway, then they'll get rid of everybody in the finance department.

But the biggest impact AI has made is we incorporate AI into all of our consumer facing apps.

So we're in e-commerce, we're in maps.