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Renewable Fuel Market to Grow by USD 66.7 Million (2024-2028), Driven by Waste-to-Energy Tech Adoption, How AI is Transforming the Market – Technavio Report

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NEW YORK, Aug. 30, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global renewable fuel market size is estimated to grow by USD 66.7 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7.13%  during the forecast period. Rising adoption of waste-to-energy technologies is driving market growth, with a trend towards development of E-fuels. However, inconsistent availability and quality of feedstocks for renewable fuel  poses a challenge. Key market players include Aemetis Inc., ALTO INGREDIENTS Inc., Archer Daniels Midland Co., BP Plc, Bunge Ltd., Cargill Inc., Chevron Corp., Clariant AG, Cox Energy SAB de CV, Eni SpA, Enviva Inc., Green Plains Inc., INEOS AG, Louis Dreyfus Co. BV, Neste Corp., Novozymes AS, POET LLC, Shell plc, Suncor Energy Inc., TotalEnergies SE, and Valero Energy Corp..

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Renewable Fuel Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.13%

Market growth 2024-2028

USD 66.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.29

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, Germany, UK, France, and Australia

Key companies profiled

Aemetis Inc., ALTO INGREDIENTS Inc., Archer Daniels Midland Co., BP Plc, Bunge Ltd., Cargill Inc., Chevron Corp., Clariant AG, Cox Energy SAB de CV, Eni SpA, Enviva Inc., Green Plains Inc., INEOS AG, Louis Dreyfus Co. BV, Neste Corp., Novozymes AS, POET LLC, Shell plc, Suncor Energy Inc., TotalEnergies SE, and Valero Energy Corp.

Market Driver

The renewable fuel market is experiencing significant growth due to increasing global awareness towards reducing carbon emissions. Key players in this industry include bioethanol, biodiesel, and biogas. Bioethanol is derived from corn, sugarcane, and other plant sources, while biodiesel is produced from vegetable oils and animal fats. Biogas is generated from organic waste. Governments worldwide are implementing policies to promote the use of renewable fuels, driving market expansion. Companies are investing in research and development to improve efficiency and reduce costs. The renewable fuel market is expected to continue growing steadily in the coming years.

The Renewable Fuel Market is experiencing significant growth due to increasing focus on energy security and reducing carbon footprint. Renewable fuels are becoming popular transport mediums, with biofuels like biodiesel and biogasoline gaining traction in the aviation, cooling & heating, and transportation sectors. Large corporations are investing in renewable fuels to transition from non-renewable sources like crude oil, gasoline, and fossil fuels. Biomass-based fuels from soybean, canola oil, animal fat, distillers corn, and other sources are driving the market. Geothermal, wind, solar, hydropower, and offshore wind energy are key sources of renewable fuel. The power, cooling & heating, and transportation sectors are major consumers. Biofuel production includes processes like pyrolysis and the production of bioethanol, biogasoline, and electricity. Renewable fuels offer a sustainable solution to reduce reliance on traditional fuels and decrease greenhouse gas emissions. The market is expected to continue growing as more industries adopt renewable fuels.

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Market Challenges

The renewable fuel market is experiencing significant growth due to increasing global concerns over carbon emissions and non-renewable fuel depletion. Bioethanol and biodiesel are leading renewable fuels, derived from plant-based sources. Companies like Archer Daniels Midland and DuPont Danisco Cellulosic Ethanol are key players, investing heavily in research and production. Government incentives and regulations, such as the Renewable Fuel Standard in the US, further boost market expansion. Renewable fuel production capacity is expected to double by 2025.The renewable fuel market is experiencing significant growth as the world shifts towards sustainable energy sources. Solar, hydropower, windpower, and biomass are leading the charge, with biofuels like biodiesel, biogasoline, ethanol, and pyrolysis oil also gaining popularity. However, challenges persist. Fossil fuels remain dominant in automobile production, power generation, transportation, marine, aerospace, locomotive, and heat engines. Transitioning to renewable fuels requires investment in fuel cells, vehicles, power generators, and pipeline transport. Feedstock costs, including corn, soybeans, cassava, sugar beets, sugar cane, and cereal crops, can impact profitability. Labor and land costs, oil market fluctuations, agricultural subsidizations, and net-zero carbon emissions targets are other considerations. Greenhouse gas emissions from renewable fuel production must be minimized through efficient processes and the use of municipal waste and landfills as feedstocks. Hydrogen fuels offer a promising solution but face challenges in production and infrastructure development. Overall, the renewable fuel market presents opportunities for innovation and growth, but requires careful planning and collaboration to overcome challenges.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This renewable fuel market report extensively covers market segmentation by

Type 1.1 Biofuels1.2 Hydrogen1.3 Biomethane1.4 OthersEnd-user 2.1 Road transporation2.2 Avaition2.3 Marine2.4 Residential2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Biofuels-  Biofuels, derived from renewable sources, offer significant benefits for reducing greenhouse gas emissions and improving air quality compared to fossil fuels. These alternatives to traditional fuels contribute to long-term sustainability by lessening reliance on finite resources. Biofuels also help manage organic waste and improve local economies by allowing for local production from regional feedstocks. Advanced production technologies, such as improved catalysts and more efficient processes, enhance the feasibility and efficiency of biofuel production. Innovative feedstock cultivation and processing methods, like the use of algae or cellulosic materials, expand the range of viable biofuels. Companies, such as INEOS Bio, transform waste into biofuel, reducing transportation costs and diverting waste from landfills. This process, utilizing gasification, fermentation, and distillation, produces a biofuel component for blending with gasoline. These factors will drive the growth of the biofuels segment in the global renewable fuel market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The renewable fuel market is a rapidly growing sector in the global energy industry, driven by the need to reduce greenhouse gas emissions and achieve net-zero carbon emissions. Renewable fuels, including Solar, Hydropower, Windpower, Biofuel, Biodiesel, Biogasoline, Ethanol, Hydrogen Fuels, and Pyrolysis oil, are becoming increasingly important as alternatives to fossil fuels in various sectors such as power generation, transportation, marine, and automobile production. These fuels are derived from various feedstocks, including Biomass, Municipal waste from Landfills, and agricultural residues. The transition to renewable fuels is essential for energy security, reducing the carbon footprint of transportation and cooling & heating, and contributing to the global energy transition. Renewable fuels are also used as transport mediums and in power generation, providing a sustainable solution for meeting energy demands while reducing reliance on fossil fuels.

Market Research Overview

The renewable fuel market is a rapidly growing sector in the global energy industry, driven by the need to reduce greenhouse gas emissions and transition away from fossil fuels. Renewable fuels, including Solar, Hydropower, Windpower, Biofuel, Biodiesel, Biogasoline, Ethanol, and Hydrogen Fuels, are becoming increasingly important as alternatives to traditional fossil fuels. These renewable fuels are derived from various sources such as Solar energy, Hydropower, Wind power, Biomass, and Agricultural feedstocks like Corn, Soybeans, Cassava, Sugar beets, and Sugar cane. Renewable fuels are used in various sectors, including Automobile production, Power generation, Transportation (Marine, Aerospace, Locomotive), Heat Engines, Fuel Cells, and Vehicles. They are also used as Power Generators and transport mediums in industries such as Cooling & heating, Power industry, and Transportation sector. The renewable fuel market is influenced by various factors such as VOC content, CO2 marine carrier, Oil market, Agricultural subsidizations, Net-zero carbon emissions, and Energy security. The market is also impacted by the cost of feedstocks like Corn, Soybeans, and other agricultural crops, as well as labor and land costs. Geothermal, Wind, and Biomass-based fuels are also gaining popularity in the renewable fuel market. Capital investment in renewable fuel production is increasing, with large corporations shifting towards non-renewable sources. The renewable fuel market is expected to continue growing as the world moves towards a low-carbon economy and reduces its carbon footprint in sectors such as Transport, Aviation, and Power industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBiofuelsHydrogenBiomethaneOthersEnd-userRoad TransporationAvaitionMarineResidentialOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Black Lake Technologies Shortlisted as SAIL Award TOP30 Finalist and Selected as Global Industrial AI Flagship Case, Showcasing Latest Industrial Agent at WAIC 2026

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SHANGHAI, July 18, 2026 /PRNewswire/ — The 2026 World Artificial Intelligence Conference (WAIC) opened in Shanghai on July 17. Shanghai Blacklake Technologies Co., Ltd. (“Black Lake”), an industrial AI company, is showcasing a portfolio of industrial AI agents at the conference. The company has also been named to the Top 30 shortlist for the 2026 WAIC Super AI Leader (SAIL) Award and selected as a Trusted Partner under the Global Call for Trusted Partners for Industrial AI in the Global South.

The accreditations highlight Black Lake’s latest progress in bringing AI into critical manufacturing decision-making workflows and deploying industrial AI capabilities on the shop floor around the world.

This year’s conference attracted over 1,100 exhibiting companies and showcased more than 3,000 exhibits, setting a new record for exhibition scale. The conference delivered a clear signal: as artificial intelligence becomes a common priority across global industries, attention is moving beyond model capabilities toward practical applications in real-world operating environments.

Manufacturing provides a particularly demanding test for this transition. Factory operations are governed by multiple constraints, including process specifications, equipment capabilities, material availability, production capacity, delivery schedules and quality requirements. Therefore, AI has to do so much more than simply comprehend information input. It must make reliable judgments within clearly defined business rules and operational constraints.

Black Lake has focused on industrial digitalization and industrial AI for years, developing and deploying AI applications in a range of factory environments.

At WAIC 2026, the company is presenting industrial AI agents covering order splitting and process planning, quotation and pricing, procurement, production scheduling, quality inspection, and order tracking. These applications are designed to move AI beyond an auxiliary role and into critical manufacturing decision-making workflows.

Traditional industrial software is primarily responsible for data recording, digital workflows, and worker coordination. However, critical decisions such as how to split an order, determine pricing, schedule production, and assess quality risks still depend heavily on the experience of engineers and frontline workers.

Industrial AI agents are intended to convert fragmented industrial knowledge and production experience into decision-making capabilities that can be invoked, reused and continuously refined by software systems.

Order decomposition and process planning are representative examples. After receiving an engineering drawing, a factory typically relies on experienced engineers to identify components, materials and dimensions, define the required manufacturing processes and technical specifications, and establish a basis for subsequent quotation and quality inspection.

The process is highly dependent on individual expertise and represents one of the first critical decision points after an order is received.

Black Lake Technologies’ CAD-to-Process Agent can understand product drawings and, taking into account the factory’s equipment capabilities, process requirements, and production practices, rapidly generate process steps along with the corresponding technical requirements. Drawing analysis that once took hours can now be completed in approximately one minute, achieving an accuracy rate of over 95% in real deployment and providing engineers with stable, efficient decision support. Currently, the industrial agents developed by the company cover core processes including design, scheduling, production, and quality inspection, and have entered the stage of large-scale deployment.

Founded in 2016, Black Lake serves nearly 40,000 factories worldwide. Its customers span more than 30 industries, including food and beverage, automotive components and equipment manufacturing.

By working across factory order management, production and fulfillment workflows, Black Lake has accumulated the technical capabilities and industry knowledge required to support decision-making in complex industrial environments.

In April 2026, Black Lake completed a Series D funding round of nearly RMB 1 billion. The company said the proceeds would primarily be used to accelerate the deployment of its industrial AI products and support its international expansion.

AI-related products are becoming a new source of growth for the company. In a recent interview, Black Lake founder and CEO Zhou Yuxiang said that the company had recorded significant growth in AI-related revenue since the beginning of 2026. He also said that manufacturing customers were taking less time to make purchasing decisions for industrial AI agents.

Zhou expects AI adoption among Chinese factories to increase substantially over the next three to four years.

Unlike consumer-facing AI, which is primarily associated with content generation and personal productivity, industrial AI agents can directly affect production costs, capacity utilization, delivery performance, and product quality. Their commercial value therefore depends largely on whether they can perform specific tasks reliably in complex production environments.

During WAIC 2026, Black Lake was named to the Top 30 shortlist for the 2026 Super AI Leader (SAIL) Award. The SAIL Award is one of WAIC’s major awards and recognizes achievements in technological breakthroughs, application innovation, and industrial value.

Black Lake was also selected as a Trusted Partner under UNIDO’s Global Call for Trusted Partners for Industrial AI in the Global South.

The Global Call was launched under the guidance of the United Nations Industrial Development Organization (UNIDO), in partnership with the Shanghai Artificial Intelligence Research Institute, and in connection with the work of UNIDO AIM Global and its Shanghai-based Centre of Excellence.

The initiative aims to build a curated pool of leading partners to co-develop scalable industrial AI solutions and public goods for the Global South.

For Black Lake, the two accreditations underscore the growing importance of reliability, explainability, and scalability in the evaluation of industrial AI, in addition to the capabilities of AI models.

Global expansion will be a major priority in the company’s next phase of development. Black Lake is currently focusing on Southeast Asia, Latin America and Eastern Europe, adapting its industrial AI agents to the industrial structures, production processes and management requirements of different markets.

Although manufacturing operations vary across countries and regions, manufacturers share similar concerns about efficiency, quality, delivery reliability and production flexibility.

Black Lake is transforming industrial AI capabilities that have been validated in complex factory environments into configurable and deployable products. Through these products, the company aims to work with manufacturers worldwide to explore more efficient, flexible and intelligent approaches to production.

View original content:https://www.prnewswire.com/apac/news-releases/black-lake-technologies-shortlisted-as-sail-award-top30-finalist-and-selected-as-global-industrial-ai-flagship-case-showcasing-latest-industrial-agent-at-waic-2026-302828984.html

SOURCE Black Lake

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76% of Coupon Codes Work at Checkout, but Most Failures Trace Back to Terms Shoppers Never Read, CouponDopa Study Finds

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Study Finds 76% of Coupon Codes Work at Checkout

NEW YORK, July 18, 2026 /PRNewswire-PRWeb/ — Multi-country research across 11 regions finds that most coupon code failures were not due to expired codes, but to terms and conditions shoppers did not check before checkout.

Our research shows that most coupon code failures are caused by overlooked terms and conditions not expired codes. Understanding the offer requirements can significantly improve checkout success.” — Anderson Joe, CMO, CouponDopa

A new study testing 1,000 coupon codes across 11 countries found that three in four online discount codes applied successfully at checkout, while the remaining failures were tied more often to unmet terms than to expired or invalid codes.

The research was conducted by CouponDopa, a multi-regional coupon platform operating in 11 countries. Codes were tested across multiple retail categories in July 2026 to measure real checkout success rates.

KEY FINDINGS

Overall success rate: 76%. Overall failure rate: 24%. Highest-performing country: Netherlands, 81%. Lowest-performing countries: Poland and Italy, tied at 70%. Highest-performing category: Electronics. Lowest-performing category: Travel. Desktop success rate: 78%. Mobile success rate: 74%.

The study’s most significant finding was not the failure rate itself, but the reasons behind it.

“The assumption most shoppers make is that a coupon code doesn’t work because it’s expired,” said Anderson Joe, CMO at CouponDopa. “Our testing found that expiry was rarely the primary issue. In most failed attempts, the code was still active, but the shopper’s cart did not meet a listed condition, such as a minimum spend or a region restriction.”

WHY COUPON CODES ACTUALLY FAIL

Minimum spend not met: the most common reason for failure across all 11 regions, since many codes require a basket value above a set threshold.Region-specific restrictions: codes valid in one country frequently failed in another.Unread terms and conditions: codes were applied to excluded categories, sale items, or specific product ranges without checking eligibility first.Delivery and shipping thresholds: free shipping codes requiring a minimum order value were sometimes mistaken for blanket offers.

No exact percentage breakdown of failure causes is available. Minimum spend is confirmed as the single most common cause; the other three were not ranked against each other.

“In our view, a code that fails because of an unmet minimum spend is not necessarily a broken code,” said Anderson. “It may simply be a condition the shopper did not see before checkout.”

REGIONAL FINDINGS — NETHERLANDS LEADS

Country Success Rate

Netherlands 81%

Germany 79%

United States 77%

Canada 77%

United Kingdom 76%

Australia 75%

New Zealand 74%

France 73%

Spain 72%

Poland 70%

Italy 70%

Netherlands recorded the highest success rate of the 11 regions tested. Germany followed closely. The United Kingdom matched the overall study average, and Canada and the United States recorded the same rate. Poland and Italy recorded the lowest rates in the study, tied at 70%.

ELECTRONICS OUTPERFORMS TRAVEL

Electronics recorded the highest coupon code success rate of any category tested, at 80%, while travel recorded the lowest, at 69%.

“Electronics codes in our sample tended to carry fewer conditions,” noted Anderson Joe. “Travel codes more often included conditions tied to dates, destinations, or booking windows, which may explain the difference.”

MOBILE SHOPPERS RECORD LOWER SUCCESS RATES

Desktop checkouts recorded a 78% success rate compared with 74% for mobile, a 4-point gap. Researchers said the difference may relate to how terms are displayed on smaller screens, though this was not directly tested.

“We saw a consistent gap between desktop and mobile across our markets,” said Anderson Joe. “We can’t say precisely why from this data alone, but it’s a pattern worth further study.”

ABOUT THE STUDY

CouponDopa tested 1,000 coupon codes across 11 countries during July 2026, across electronics, fashion, food delivery, travel, beauty, and home categories. Codes were manually tested at real checkouts on desktop and mobile. A code counted as successful only when the discount appeared in the checkout total. Failed codes were categorized by reason. Read the complete methodology available at CouponDopa tested 1000 coupon codes in 11 regions.

ABOUT COUPONDOPA

CouponDopa is a multi-regional coupon and discount platform operating across 11 countries. CouponDopa verifies coupon codes across hundreds of brands before publishing, providing shoppers with discount information across major retail categories, including verified codes available on CouponDopa’s store pages.

MEDIA CONTACT

Organization: Coupondopa

Contact Person Name: Anderson Joe

Website: https://www.coupondopa.com/

Email: info@coupondopa.com

Contact Number: +1 (530) 269-6377

Address: 165 ithaca Bayshore NY, 11706 USA

City: Bay Shore

State: NY

Country: United States

Media Contact

Anderson Joe, Coupondopa, 1 631 404-9968, coupondopa@gmail.com, https://www.coupondopa.com/

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SOURCE CouponDopa

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Global Times: Head-of-state diplomacy shines at WAIC, fostering ties and advancing global governance consensus

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BEIJING, July 17, 2026 /PRNewswire/ — Chinese President Xi Jinping on Friday held a series of high-level meetings on the sidelines of the 2026 World Artificial Intelligence Conference (WAIC) and High-Level Meeting on Global AI Governance in Shanghai, sitting down successively with Thai Prime Minister Anutin Charnvirakul, Cambodian Prime Minister Hun Manet, and UN Secretary-General António Guterres. The bustling diplomatic activity transformed the WAIC from a premier showcase of AI technologies and industrial breakthroughs into a vibrant platform for head-of-state diplomacy and global governance coordination.

Analysts said hosting intensive head-of-state diplomatic events in Shanghai, a core hub of reform, opening-up and technological innovation, carries profound meaning. In addition, Friday’s high-level meetings embody the innovative model of “technology builds the stage while diplomacy takes the leading role.” It not only deepens China’s bilateral relations with ASEAN members, but also helps advance inclusive global AI governance centered on the UN mechanism.

Strategic guidance

According to the two separate official releases by Xinhua, during his meetings with the prime ministers of Thailand and Cambodia, President Xi spoke of the long-standing friendship China shares with both nations. He called on China and Thailand, as well as China and Cambodia, to join hands to advance the development of their respective communities with a shared future.

Furthermore, the Chinese leader stressed the need for China to expand pragmatic cooperation with Thailand and Cambodia respectively across traditional and emerging sectors, and work with each country to jointly crack down on cross-border crimes such as online gambling and telecom fraud, according to Xinhua.

He called for the proper handling of border frictions between Thailand and Cambodia and called on the two sides to resolve disputes through dialogue and consultation, with China standing ready to continue playing a constructive role in this regard, per Xinhua.

During their respective meetings with the Chinese leader, the prime ministers of Thailand and Cambodia both expressed willingness to deepen multi-field cooperation with China and spoke highly of China’s positive efforts to facilitate the peaceful settlement of the Thailand-Cambodia border conflicts.

Xu Liping, Director of the Center for Southeast Asian Studies at the Chinese Academy of Social Sciences, told the Global Times that head-of-state diplomacy has charted the fundamental course for the advancement of China’s ties with both Cambodia and Thailand.

WAIC exemplifies the innovative model of “technology builds the platform, while diplomacy takes the leading role,” said Xu, “In addition, AI cooperation is also expected to serve as a vital entry point to further deepen and substantiate China’s ties with Thailand and Cambodia going forward.”

Furthermore, addressing the sensitive and thorny Thailand-Cambodia border dispute amid the relatively relaxed atmosphere of a tech summit enables all relevant parties to handle differences in a rational and pragmatic manner, which embodies Eastern wisdom and an Asian approach to resolving issues, said Xu.

The year 2026 marks the fifth anniversary of the establishment of the China-ASEAN comprehensive strategic partnership, witnessing the official rollout of the new Plan of Action on the China-ASEAN Comprehensive Strategic Partnership (2026-2030). It also kicks off the implementation of China’s 15th Five-Year Plan.

The critical juncture offers a perfect window to align China’s development plans closely with the national development strategies of Global South countries and ASEAN members, said Xu. “Thailand and Cambodia’s willingness to ramp up cooperation with China mirrors the aspiration of the majority of ASEAN members to leverage China’s development dividends and pursue win-win outcomes and common prosperity in the region.”

Firm support for UN

In his meeting with UN Secretary-General Antonio Guterres on Friday, Xi reiterated China’s firm support for the UN.

Noting that this year marks the 55th anniversary of the restoration of the lawful seat of the People’s Republic of China at the UN, the Chinese leader said China has since been committed to building world peace, contributing to global development, defending international order, and firmly supporting the UN, Xinhua reported.

Xi added that he proposed the vision of building a community with a shared future for humanity and the four global initiatives with one important consideration in mind – to uphold the status and authority of the UN.

Currently, the international landscape is marked by more pronounced changes and turbulence, making it all the more necessary to practice true multilateralism and reinvigorate the status and role of the UN, he said.

Guterres commended China for its steadfast support for multilateralism, the cause of the UN, and international cooperation, saying that China has set an example for the world.

Guterres said the UN will continue to strengthen cooperation with China, oppose unilateralism, protectionism, and hegemonic bullying, safeguard the UN Charter and international law, as well as advance the process toward a multipolar world.

At this pivotal juncture where talks on AI development and UN multilateral governance converge, China, leveraging head-of-state diplomacy as a top-tier platform, has elaborated in a systematic manner its vision for global governance in the AI era, Wang Yiwei, a professor at the School of International Studies, Renmin University of China, told the Global Times.

He added that China’s emphasis on the UN-centered global governance architecture will further strengthen the UN’s authority and operational capacity.

Before the official opening of the WAIC, on Thursday, representatives from 29 countries, including Kazakhstan, Laos, Pakistan, Russia and Indonesia, signed an agreement on establishing the World Artificial Intelligence Cooperation Organization (WAICO) in Shanghai. UN chief Guterres was among representatives from countries and international organizations present at the signing ceremony.

According to the agreement, WAICO will be an independent intergovernmental international organization, which aims to promote international cooperation and global governance on AI, ensuring that AI is beneficial, safe and fair, thereby promoting its healthy and orderly development to benefit all humanity.

President Xi on Friday also announced that in the next five years, China will provide developing countries with 5,000 opportunities in AI training and seminar programs. China will also develop international AI application cooperation centers with the ASEAN, the League of Arab States, the African Union, the Community of Latin American and Caribbean States, the Shanghai Cooperation Organization, and BRICS.

However, some international media, including Reuters and Nikkei, used the term “AI diplomacy” describing the grand gathering in Shanghai, claiming that Beijing seeks a new global AI order, challenging US dominance.

In rebuttal, Wang pointed out that China advocates open, inclusive technology that lets AI benefit all humanity under the vision of “AI for All”. In contrast, the US adheres to a mindset of “All for AI”, weaponizing AI for geopolitical rivalry and aiming to outpace China in technological competition. Driven by the “America First” doctrine and capital-centric priorities, Washington’s approach forms a sharp contrast with China’s.

Meanwhile, China’s resolute commitment to upholding the UN system underscores that for China and a wide array of Global South countries, the sensible path lies in reforming and improving the existing global governance architecture rather than discarding it to build parallel institutions from scratch, the expert added.

This article first appeared on Global Times

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SOURCE Global Times

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