commit b3d1a732591b318a242f51af9e872137d25388e3 Author: bernienewcombe Date: Mon Apr 7 18:20:48 2025 +0000 Add 'The next Frontier for aI in China might Add $600 billion to Its Economy' diff --git a/The-next-Frontier-for-aI-in-China-might-Add-%24600-billion-to-Its-Economy.md b/The-next-Frontier-for-aI-in-China-might-Add-%24600-billion-to-Its-Economy.md new file mode 100644 index 0000000..b2d9320 --- /dev/null +++ b/The-next-Frontier-for-aI-in-China-might-Add-%24600-billion-to-Its-Economy.md @@ -0,0 +1,13 @@ +
In the past years, China has developed a strong foundation to support its [AI](http://bingbinghome.top:3001) economy and made significant contributions to AI internationally. Stanford University's AI Index, which examines AI developments worldwide across different metrics in research, advancement, and economy, ranks China among the leading 3 nations for worldwide [AI](https://startuptube.xyz) vibrancy.1"Global AI Vibrancy Tool: Who's leading the international AI race?" Expert System Index, Stanford Institute for Human-Centered Artificial Intelligence (HAI), Stanford University, 2021 ranking. On research, for example, China produced about one-third of both AI journal papers and AI citations worldwide in 2021. In financial financial investment, China accounted for almost one-fifth of global personal investment financing in 2021, bring in $17 billion for AI start-ups.2 Daniel Zhang et al., Artificial Intelligence Index report 2022, Stanford Institute for Human-Centered Artificial Intelligence (HAI), Stanford University, March 2022, Figure 4.2.6, "Private investment in AI by geographical location, 2013-21."
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Five types of AI companies in China
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In China, we find that [AI](http://gogs.oxusmedia.com) companies typically fall under one of five main classifications:
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Hyperscalers establish end-to-end AI technology ability and team up within the environment to serve both business-to-business and business-to-consumer companies. +Traditional industry companies serve clients straight by establishing and embracing AI in internal change, new-product launch, and customer care. +Vertical-specific AI business develop software application and options for specific domain usage cases. +AI core tech service providers offer access to computer vision, [demo.qkseo.in](http://demo.qkseo.in/profile.php?id=1102525) natural-language processing, voice acknowledgment, and artificial intelligence capabilities to develop AI systems. +Hardware companies provide the hardware infrastructure to support [AI](http://dimarecruitment.co.uk) demand in calculating power and storage. +Today, [AI](https://www.dynamicjobs.eu) adoption is high in China in finance, retail, and high tech, which together account for more than one-third of the nation's AI market (see sidebar "5 kinds of [AI](http://www.isexsex.com) companies in China").3 iResearch, iResearch serial marketing research on China's AI industry III, December 2020. In tech, for instance, leaders Alibaba and ByteDance, both household names in China, have actually ended up being known for their extremely tailored [AI](https://git.arcbjorn.com)-driven customer apps. In truth, the majority of the AI applications that have been commonly embraced in China to date have remained in consumer-facing markets, propelled by the world's biggest internet customer base and the capability to engage with consumers in brand-new methods to increase customer commitment, revenue, and market appraisals.
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So what's next for AI in China?
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About the research study
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This research is based on field interviews with more than 50 experts within McKinsey and throughout markets, together with substantial analysis of McKinsey market assessments in Europe, the United States, Asia, and China particularly between October and November 2021. In performing our analysis, we looked beyond commercial sectors, such as finance and retail, where there are currently mature [AI](https://www.tkc-games.com) use cases and clear adoption. In emerging sectors with the highest value-creation capacity, we concentrated on the domains where [AI](https://jotshopping.com) applications are currently in market-entry phases and might have an out of proportion effect by 2030. Applications in these sectors that either remain in the early-exploration phase or have fully grown industry adoption, such as manufacturing-operations optimization, were not the focus for the purpose of the study.
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In the coming years, our research suggests that there is significant chance for [AI](https://nerm.club) growth in brand-new sectors in China, including some where innovation and R&D spending have actually generally lagged international equivalents: automobile, transport, and logistics \ No newline at end of file