The Future of AI Competition Lies in Practical Applications

At the 17th Annual Meeting of the New Champions (AMNC), popularly known as the Summer Davos, which took place from June 23 to June 25, 2026, in Dalian, China, Alex Yang, the co-founder and financial director of Tuya Smart, highlighted that the future of AI competition is deeply embedded in practical applications. This event gathered over 1,700 leaders from business, government, and academia, facilitating discussions on how artificial intelligence (AI), industrial digitization, and new innovation models are reshaping economic growth and technology adoption.

The Rise of AI in Global Competition

The AMNC provided a pivotal platform for discussing the rapid advancements in AI, which have transformed it into a critical area of global technological competition. The Chinese AI sector, with its swift commercialization and diverse application scenarios, continues to attract significant international attention. During the forum, several sessions focused on the challenges businesses face when relying heavily on AI and the implications of increasingly autonomous cross-border AI agents.

Among these discussions was a session aptly titled "China's Lobster Fever," where Yang, alongside other esteemed panelists, discussed the swift adoption of AI in the country. He emphasized that China's rapid embrace of AI stems from its vast pool of developers willing to explore and innovate. This openness to new technologies, coupled with a societal aspiration for advancement, acts as a driving force behind the nation’s innovation in AI.

"At Tuya, we are committed to integrating AI into various concrete industrial scenarios," Yang shared, detailing how their company is working to make AI-natively designed products accessible. In the smart home sector, for example, Tuya is facilitating the development of intelligent products through standardized AI modules and a dynamic developer community.

AI in Energy: Optimizing Costs and Efficiency

Moreover, in the energy sector, Tuya's AI solutions encompass the entire energy lifecycle—from production and transport to storage and consumption. By leveraging real-time data on electricity tariffs from over 800 providers across Europe, Tuya aims to intelligently optimize energy loads, assisting users in significantly reducing their energy costs.

During the forum, Yang discussed the transition in pricing models, moving from traditional usage-based models to value- and outcome-based approaches. He asserted that businesses successfully navigating the AI era will be those who not only adopt AI technologies early but also establish specialized structures and teams dedicated to AI development.

Promoting Global AI Applications Through Open Ecosystems

Yang's presence at the Summer Davos also included interviews with notable international media such as CNBC and Bloomberg, where he further elaborated on the importance of open innovation ecosystems in the competitive landscape. He emphasized that, amidst rapid technological evolution and accelerated industrial transformation, fostering an open innovation environment is essential for sustained long-term competitiveness.

In the years to come, Tuya plans to intensify its focus on AI applications across smart home technologies, energy management, and robotics. Yang indicated a commitment to collaborate with developers and ecosystem partners worldwide, aiming to transition AI technologies from mere advancements to widespread deployment.

About Tuya Smart

Tuya Inc., listed on NYSE and HKEX, is a leading global provider of AI cloud platform services, striving to integrate AI into everyday activities. With its open-source development framework, TuyaOpen, and its universal AI agents, the company has positioned itself to promote effective and seamless integration of AI into the physical world.

By providing innovative AI solutions for smart devices, commercial applications, and industrial developers, Tuya aims to support the creation of an open and neutral AIoT ecosystem globally. As of March 31, 2026, the AI development platform of Tuya has enlisted over 1,970,000 AI developers from more than 200 countries and regions, indicating a robust growth trajectory in this innovative space.