Core Insights - China has established a comprehensive AI industry system, leading to rapid iteration and optimization of AI applications, making it a vibrant hub for innovation in the AI era [1][5] - Panasonic has launched its AI strategy in China, focusing on user scenarios and AI infrastructure, aiming to transform from a manufacturing center to an innovation center [2][3] - Otis, a leader in the elevator industry, is leveraging AI to enhance safety and user experience, recognizing China as a key market for modernization and maintenance needs [4][3] Industry Developments - The AI industry in China is projected to exceed 900 billion yuan in 2024, with a year-on-year growth of 24%, and over 5,300 AI companies operating in the country [6] - Qualcomm is showcasing its latest Snapdragon technology in China, emphasizing AI's role in transforming user interactions and launching an "AI acceleration plan" to enhance AI capabilities across various devices [7][8] - Ericsson is leveraging its extensive R&D capabilities in China to drive innovation and support local partners in achieving global competitiveness [9]

Core Insights - Otis Global Company, a leading manufacturer and service provider of elevators and escalators, showcased multiple new products at the 8th China International Import Expo (CIIE), emphasizing its commitment to advanced technology in response to global trends such as urbanization, aging population, and sustainability [1] Product Innovations - The newly launched Gen3™ Comfort smart elevator integrates safety, comfort, green technology, and intelligence, focusing on accessibility and user-friendly designs to enhance living quality and modernize old buildings [3] - The SkyRise® high-rise elevator and LINK™ escalator modernization solutions were introduced to meet the significant demand for upgrading old buildings and infrastructure, achieving notable advancements in energy efficiency and sustainability [4] - The Smart Cab II, an upgraded version of the Smart Cab, features personalized cabin design and smart lighting, transforming vertical movement into a unique experience [5] Technological Advancements - The AI Inspection Robot autonomously detects potential elevator hazards and reduces safety risks through preventive alerts, transitioning elevator safety from passive response to a technology-driven proactive protection system when integrated with the Otis ONE® IoT platform [4] - Otis is accelerating AI development to enhance elevator safety and user experience, with a focus on user-centric design principles that cater to the needs of an aging population and promote accessibility [3]