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Tuya Smart Highlights Chinas Rapid AI Adoption at World Economic Forums Summer Davos
The 17th Annual Meeting of the New Champions, known as Summer Davos, unfolded in Dalian, China, from June 23‑25, 2026. The World Economic Forum’s event drew more than 1,700 leaders from government, business, and academia across 90+ countries, centering on the theme “Innovating at Scale.” Participants explored how artificial intelligence, industrial digitalisation, and emerging innovation models are reshaping economic growth.
Tuya Smart’s Alex Yang—co‑founder, COO, and CFO—stepped onto the stage in several sessions, including “China’s Lobster Fever,” “AI and Future Growth,” and “Owning the Interface: Strategy in the Age of AI Agents.” In “China’s Lobster Fever,” Yang sat beside Cathy Li, Head of AI, Data and Metaverse at the WEF, and Professor S. Alex Yang of London Business School to dissect China’s swift AI uptake.
The discussion highlighted China’s expansive developer base and the willingness of individuals and businesses to experiment with new technologies as key drivers of AI innovation. Yang explained that Tuya is committed to embedding AI in real‑world industry scenarios. In the smart‑home sector, the company lowers barriers by offering standardized AI modules and fostering an active developer community. In the energy sector, Tuya’s AI solutions span the entire lifecycle—from generation and transmission to storage and consumption. By integrating real‑time, dynamic electricity pricing data from more than 800 utility companies across Europe, the platform can optimise energy loads and help users cut overall costs.
Yang also noted a shift in the AI industry from traditional usage‑based pricing to outcome‑driven, value‑based models. He argued that enterprises that adopt AI early, build AI‑native organisations, and cultivate talent will emerge as winners in the AI era.
During the forum, Yang spoke to CNBC, Bloomberg, and CGTN, reaffirming Tuya’s commitment to expanding its AI Home, AI Energy, and AI Robot applications. He said the company will collaborate with global developers and ecosystem partners to transition AI from technological breakthroughs to large‑scale deployment.
Tuya’s open‑source development framework, TuyaOpen, and its universal AI Agent engines are designed to lower barriers for developers and accelerate the integration of multimodal AI capabilities into everyday life. As of March 31, 2026, the Tuya AI Developer Platform had more than 1,970,000 registered developers from over 200 countries and regions.
The Summer Davos event also spotlighted broader AI commercialization trends. Sessions examined the boundaries of AI‑first enterprises and the implications of increasingly autonomous cross‑border AI agents. The forum’s discussions reflected growing international attention on China’s AI industry, which has accelerated through rapid commercialisation and extensive application scenarios.
In summary, the 17th Annual Meeting of the New Champions underscored the importance of open innovation ecosystems and large‑scale AI deployment. Tuya Smart’s participation and its focus on AI‑native products in smart‑home, energy, and robotics illustrate how Chinese companies are positioning themselves in the global AI landscape. The event also highlighted a shift toward value‑based pricing models and the need for enterprises to build AI‑centric talent and organisational structures.
The current situation shows that AI adoption is moving from pilot projects to core business functions. Upcoming product launches and platform enhancements from Tuya are expected to further accelerate AI integration in consumer and industrial markets. The broader AI industry continues to evolve, with increasing emphasis on open developer ecosystems, value‑based pricing, and large‑scale deployment of AI solutions.
Tuya Smart’s Alex Yang—co‑founder, COO, and CFO—stepped onto the stage in several sessions, including “China’s Lobster Fever,” “AI and Future Growth,” and “Owning the Interface: Strategy in the Age of AI Agents.” In “China’s Lobster Fever,” Yang sat beside Cathy Li, Head of AI, Data and Metaverse at the WEF, and Professor S. Alex Yang of London Business School to dissect China’s swift AI uptake.
The discussion highlighted China’s expansive developer base and the willingness of individuals and businesses to experiment with new technologies as key drivers of AI innovation. Yang explained that Tuya is committed to embedding AI in real‑world industry scenarios. In the smart‑home sector, the company lowers barriers by offering standardized AI modules and fostering an active developer community. In the energy sector, Tuya’s AI solutions span the entire lifecycle—from generation and transmission to storage and consumption. By integrating real‑time, dynamic electricity pricing data from more than 800 utility companies across Europe, the platform can optimise energy loads and help users cut overall costs.
Yang also noted a shift in the AI industry from traditional usage‑based pricing to outcome‑driven, value‑based models. He argued that enterprises that adopt AI early, build AI‑native organisations, and cultivate talent will emerge as winners in the AI era.
During the forum, Yang spoke to CNBC, Bloomberg, and CGTN, reaffirming Tuya’s commitment to expanding its AI Home, AI Energy, and AI Robot applications. He said the company will collaborate with global developers and ecosystem partners to transition AI from technological breakthroughs to large‑scale deployment.
Tuya’s open‑source development framework, TuyaOpen, and its universal AI Agent engines are designed to lower barriers for developers and accelerate the integration of multimodal AI capabilities into everyday life. As of March 31, 2026, the Tuya AI Developer Platform had more than 1,970,000 registered developers from over 200 countries and regions.
The Summer Davos event also spotlighted broader AI commercialization trends. Sessions examined the boundaries of AI‑first enterprises and the implications of increasingly autonomous cross‑border AI agents. The forum’s discussions reflected growing international attention on China’s AI industry, which has accelerated through rapid commercialisation and extensive application scenarios.
In summary, the 17th Annual Meeting of the New Champions underscored the importance of open innovation ecosystems and large‑scale AI deployment. Tuya Smart’s participation and its focus on AI‑native products in smart‑home, energy, and robotics illustrate how Chinese companies are positioning themselves in the global AI landscape. The event also highlighted a shift toward value‑based pricing models and the need for enterprises to build AI‑centric talent and organisational structures.
The current situation shows that AI adoption is moving from pilot projects to core business functions. Upcoming product launches and platform enhancements from Tuya are expected to further accelerate AI integration in consumer and industrial markets. The broader AI industry continues to evolve, with increasing emphasis on open developer ecosystems, value‑based pricing, and large‑scale deployment of AI solutions.
