‘Token economy’ emerging as AI use soars in China: experts tell conference

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Experts at a conference in Hong Kong highlighted the rise of a token-based economy in China's digital sector, driven by the widespread use of AI tokens. These tokens are evolving from mere technical metrics into foundational components for pricing and delivering AI services.

Chinese tech industry experts say the rapidly increasing use of AI tokens is giving rise to a token-based economy, with the tiny units underpinning artificial intelligence services evolving beyond a technical metric and into the basis for delivering and pricing AI services. “The [Chinese] digital economy has gone through the stages of the data economy and the computing economy. Today, the token economy is emerging,” Yin Hao, an academician at the Chinese Academy of Sciences, said on Wednesday...