A launching ceremony for the Global Open-source AI Challenge is held in Hangzhou, Zhejiang province, on July 21. [Photo/GOAI]

The Global Open-source AI Challenge (GOAI) was launched on July 21 in Hangzhou, capital of East China's Zhejiang province.

The competition features four tracks focused on AI applications, with entries independently assessed by a panel of experts. It offers a total prize pool of 5 million yuan ($740,000), along with additional support, including cloud services and open-source hosting resources.

GOAI aims to establish a global platform for discovering and validating AI projects that demonstrate genuine technological innovation, strong engineering capabilities and open-source value.

Submissions for the preliminary round will be accepted from late July to mid-August. During the competition, GOAI will also hold roadshows in Beijing, Shanghai, Shenzhen and Hangzhou, as well as in Silicon Valley and Singapore.