Tuya Smart Co-Founder Alex Yang at Summer Davos 2026: The Future of AI Competition Lies in Real-World Applications

Tuya Smart (NYSE:TUYA) co-founder Alex Yang spoke at the 2026 Summer Davos in Dalian, joining sessions on AI-driven growth and strategy.

Rhea-AI Summary

Tuya Smart (NYSE:TUYA) co-founder Alex Yang spoke at the 2026 Summer Davos in Dalian, joining sessions on AI-driven growth and strategy. He highlighted China's large developer base, openness to new tech, and strong development aspirations as key drivers of rapid AI adoption.

Yang described Tuya's focus on applying AI in smart home, energy, and robotics, including optimizing energy loads using real-time pricing data from over 800 European utilities. Tuya plans to advance global AI applications through an open developer ecosystem and AI-native organizations.

Argus Jun 26 session

+2.27% close to close Open Argus

Details

News Market Reaction – TUYA

On Jun 26, the day this news came out, TUYA closed 2.27% above the previous close.

Data tracked by StockTitan Argus for the Jun 26 session.

Key Figures

Forum edition: 17th Annual Meeting Forum participation: more than 1,700 leaders Geographic reach: over 90 countries and regions +1 more

Forum edition

17th Annual Meeting

Annual Meeting of the New Champions (Summer Davos) 2026

Forum participation

more than 1,700 leaders

Attendees at Summer Davos 2026 across sectors

Geographic reach

over 90 countries and regions

Summer Davos 2026 participant origins

Utility data coverage

more than 800 utility companies

European utilities providing pricing data to Tuya platform

Previous AI Reports

5 past events · Latest: Apr 24

Same Type 5 events

1. Apr 24

   AI platform upgrade

   24h Move

   +4.3%

   Unveiled upgraded Hey Tuya voice assistant and expanded AI hardware toolkit.

2. Mar 11

   AI edge partnership

   24h Move

   -1.6%

   RiseLink launched edge AI chip and platform with a strategic Tuya showcase.

3. Jan 30

   AI toys showcase

   24h Move

   +0.0%

   Presented end-to-end AI toy solutions cutting development time and costs.

4. Jan 12

   AI pet robot launch

   24h Move

   +7.3%

   Launched Aura AI pet companion robot as a physical AI platform.

5. Jan 08

   Developer AI event

   24h Move

   -2.6%

   Hosted CES Developer Day on Physical AI and AI-native devices with partners.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

foundation models, ai agents, ai-native, value-based pricing model

4 terms

foundation models technical

"Breakthroughs in foundation models and AI agents are accelerating the rise of artificial"

Foundation models are very large artificial intelligence systems trained on broad, general data so they can be quickly adapted to many different tasks, like a powerful, general-purpose engine or a Swiss Army knife for software. They matter to investors because they can lower costs and speed innovation across industries, create new products or revenue streams, and change competitive dynamics, while also introducing operational and regulatory risks that can affect a company’s financial outlook.

ai agents technical

"Breakthroughs in foundation models and AI agents are accelerating the rise of artificial"

AI agents are computer programs designed to perform tasks or make decisions automatically, often by learning from data and adapting to new information. They act like virtual assistants or robots that can handle complex activities without human intervention, which can help businesses and individuals save time and improve efficiency. For investors, AI agents matter because they can enhance decision-making and automate processes that influence markets and financial outcomes.

ai-native technical

"winners of the AI era will be those that not only adopt AI technologies early but also build AI-native organizations"

A company or product described as ai-native is built from the ground up around artificial intelligence rather than having AI added on later; its core processes, user experience and decision-making rely on machine learning models and data pipelines. Like a house designed for wheelchair access versus one retrofitted, ai-native firms can move faster, scale more cheaply and offer unique products or cost advantages—information investors use to judge future growth potential and risk exposure to model, data or regulatory failures.

value-based pricing model financial

"shifting "from traditional usage-based pricing models toward an outcome-driven value-based pricing model""

A value-based pricing model sets a product’s price based on the practical benefit it delivers to customers or the savings it creates, rather than simply on production cost or market competition. For investors, this matters because such pricing can justify higher margins and more stable revenue if payers and customers recognize the product’s superior outcomes, but it also creates risk if those benefits are hard to prove or if reimbursement authorities refuse to pay the premium.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

DALIAN, China, June 26, 2026 /PRNewswire/ -- The 17th Annual Meeting of the New Champions (AMNC, also known as "Summer Davos") of the World Economic Forum was held from June 23 to 25 at the Dalian International Conference Center. Alex Yang, Co-Founder, COO, and CFO of Tuya Smart (NYSE: TUYA; HKEX: 2391), was invited to participate in multiple sessions, including "China's Lobster Fever," "AI and Future Growth," and "Owning the Interface: Strategy in the Age of AI Agents," where he shared his perspectives on the evolving global AI landscape and the future of innovation at scale.

Under the theme of "Innovating at Scale," the forum convened more than 1,700 leaders and innovators from government, business, and academia across over 90 countries and regions to explore how artificial intelligence, industrial digitalization, and emerging innovation models are reshaping economic growth and technology adoption.

A New Phase of Global AI Innovation

Breakthroughs in foundation models and AI agents are accelerating the rise of artificial intelligence as a new frontier of global technological competition. China's AI industry and technology enterprises have drawn growing international attention through rapid commercialization and extensive application scenarios. Reflecting this momentum, AI and digital transformation were among the most discussed topics at Summer Davos, with sessions exploring topics such as the boundaries of AI-first enterprises and the implications of increasingly autonomous cross-border AI agents.

Behind China's "Lobster Fever"

The widespread adoption of AI tools was among the forum's defining themes. During the session "China's Lobster Fever," Yang joined Cathy Li, Head of AI, Data and Metaverse at the World Economic Forum, and S. Alex Yang, Professor of Management Science and Operations at London Business School, to discuss the factors driving China's rapid AI adoption and innovation.

Yang noted that China's ability to achieve large-scale AI adoption is the result of several reinforcing advantages.

"First, the country has a vast number of developers who are actively exploring and building AI applications. Second, both individuals and businesses have demonstrated a remarkable openness for exploring and testing new technologies. More fundamentally, the strong aspiration across society for development and progress has become a powerful intrinsic driver of AI innovation."

"At Tuya, we are dedicated to bringing AI into various real-world industry scenarios," Yang added. "In the smart home sector, we lower the barriers to building AI-native products through standardized AI modules and an active developer community. In the energy sector, our AI solutions span the entire energy lifecycle—from generation and transmission to storage and consumption. By integrating real-time and dynamic electricity pricing data from more than 800 utility companies across Europe, our platform can intelligently optimize energy loads and help users efficiently reduce overall energy costs."

Commenting on the commercialization of AI, Yang noted that the industry is shifting "from traditional usage-based pricing models toward an outcome-driven value-based pricing model." He added, "For enterprises, the winners of the AI era will be those that not only adopt AI technologies early but also build AI-native organizations and talent."

Advancing Global AI Applications Through an Open Developer Ecosystem

During Summer Davos, Yang also gave interviews to major global media outlets including CNBC, Bloomberg, and CGTN, sharing his views on the commercialization of AI applications, developer ecosystem development, and the large-scale deployment of AI hardware.

He emphasized that in an era of rapid technological change and accelerating industrial transformation, open innovation is essential to sustaining long-term competitiveness. Looking ahead, Tuya will continue to deepen its focus on AI Home, AI Energy, and AI Robot applications, working with global developers and ecosystem partners to advance AI from technological breakthroughs to large-scale deployment.

About Tuya Smart

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a leading global AI cloud platform service provider dedicated to bringing AI into everyday life. Through its TuyaOpen open-source development framework and universal AI Agent engines, including the AI Agent development platform, Tuya integrates multimodal AI capabilities to lower barriers for AI development, efficiently advancing the realization of AI-driven lifestyles and accelerating AI integration with the physical world. Tuya offers innovative physical AI solutions for smart devices, commercial applications, and industry developers through its cloud computing and spatial intelligence capabilities. It also provides a complete, open, and neutral global AIoT ecosystem.

As of Mar 31, 2026, the Tuya AI Developer Platform had over 1,970,000 registered AI developers from more than 200 countries and regions.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/tuya-smart-co-founder-alex-yang-at-summer-davos-2026-the-future-of-ai-competition-lies-in-real-world-applications-302811516.html

SOURCE Tuya Smart

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Tuya Smart (NYSE:TUYA) announce about Alex Yang's role at Summer Davos 2026?

Alex Yang represented Tuya Smart at the 2026 Summer Davos, speaking in several AI-focused sessions. According to Tuya, he discussed global AI competition, innovation at scale, and how real-world applications will shape future AI development and commercialization.

How is Tuya Smart (TUYA) applying AI in the energy sector in 2026?

Tuya Smart applies AI across the full energy lifecycle, from generation to consumption. According to Tuya, its platform integrates dynamic electricity pricing data from over 800 European utilities to intelligently optimize energy loads and help users lower overall energy costs.

What AI strategies did Tuya Smart (TUYA) highlight for smart home products at Summer Davos 2026?

Tuya Smart focuses on lowering barriers to AI-native smart home products through standardized AI modules. According to Tuya, this approach, combined with an active developer community, supports broader AI adoption in real-world home scenarios and encourages faster product innovation.

What pricing model shift in AI services did Tuya Smart (TUYA) describe in June 2026?

Tuya Smart noted a shift from usage-based AI pricing toward outcome-driven, value-based models. According to Tuya, enterprises that adopt AI early and build AI-native organizations and talent are better positioned to benefit from this commercialization trend.

How does Tuya Smart (TUYA) plan to grow its global AI developer ecosystem after Summer Davos 2026?

Tuya Smart intends to advance open innovation with developers and ecosystem partners worldwide. According to Tuya, future efforts will concentrate on AI Home, AI Energy, and AI Robot applications to move AI from technical breakthroughs to large-scale, real-world deployment.

Which media outlets covered Tuya Smart (TUYA) at the 2026 Summer Davos?

Alex Yang gave interviews to CNBC, Bloomberg, and CGTN during the event. According to Tuya, these discussions focused on AI commercialization, building a scalable developer ecosystem, and deploying AI hardware at large scale across different industries and geographies.