On May 23, Mars Finance reported that Liu Liehong, Secretary of the Party Leadership Group and Director of the National Bureau of Data Science and Technology (NBS), chaired a symposium on the word-based economy on May 22. Representatives from companies including Alibaba Cloud, Tencent, Lunar Dark Side, Haitian Ruisheng, and China International Capital Corporation Limited (CICC) offered opinions and suggestions on "Promoting the Healthy and Sustainable Development of the Word-Based Economy and Fully Unleashing the Value of Data Elements." Xia Bing, a member of the Party Leadership Group and Deputy Director of NBS, attended the meeting. A word-based economy is the smallest unit of computation used by large models to process all information, including text, code, images, audio, and video, and is becoming a unit of measurement, settlement, and statistics for artificial intelligence services. NBS will incorporate the promotion of the word-based economy into its work system, continuously track and study suggestions from all sectors of society, and focus on the construction of high-quality industry datasets and a nationwide integrated computing power network to further promote the market-oriented allocation reform of data elements and drive the high-quality development of the word-based economy. (National Bureau of Data Science and Technology)
National Data Administration: Will incorporate the promotion of the meta-economy economy into its work system
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