From 93d30a84c474e7bbb766dd4d0e12533d80a9133d Mon Sep 17 00:00:00 2001 From: charlinetxp865 Date: Fri, 4 Apr 2025 07:01:53 +0800 Subject: [PATCH] Add 'The next Frontier for aI in China might Add $600 billion to Its Economy' --- ...China-might-Add-%24600-billion-to-Its-Economy.md | 13 +++++++++++++ 1 file changed, 13 insertions(+) create mode 100644 The-next-Frontier-for-aI-in-China-might-Add-%24600-billion-to-Its-Economy.md 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..522e713 --- /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 decade, China has constructed a solid foundation to support its AI economy and made significant contributions to [AI](https://eliteyachtsclub.com) globally. Stanford University's AI Index, which examines AI advancements around the world across different metrics in research, development, and economy, ranks China amongst the top three nations for global AI vibrancy.1"Global [AI](http://49.235.147.88:3000) Vibrancy Tool: Who's leading the worldwide AI race?" Expert System Index, Stanford Institute for Human-Centered Artificial Intelligence (HAI), Stanford University, 2021 ranking. On research study, for instance, China produced about one-third of both AI journal documents and AI citations worldwide in 2021. In financial financial investment, China accounted for almost one-fifth of global personal investment funding 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 financial investment in AI by geographic location, 2013-21."
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Five kinds of AI companies in China
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In China, we discover that AI business normally fall under one of 5 main categories:
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Hyperscalers establish end-to-end [AI](http://47.111.72.1:3001) technology capability and team up within the environment to serve both business-to-business and business-to-consumer business. +Traditional industry companies serve consumers straight by establishing and embracing AI in internal transformation, [wiki.myamens.com](http://wiki.myamens.com/index.php/User:NanClucas161733) new-product launch, and client service. +Vertical-specific AI companies establish software and solutions for particular domain usage cases. +[AI](https://vacaturebank.vrijwilligerspuntvlissingen.nl) core tech companies supply access to computer vision, natural-language processing, voice recognition, and artificial intelligence abilities to develop AI systems. +Hardware companies supply the hardware infrastructure to support AI demand in computing power and storage. +Today, AI adoption is high in China in financing, retail, and high tech, which together represent more than one-third of the nation's [AI](https://storymaps.nhmc.uoc.gr) market (see sidebar "5 types of [AI](https://club.at.world) business in China").3 iResearch, iResearch serial marketing research on China's [AI](http://code.snapstream.com) market III, December 2020. In tech, for example, leaders Alibaba and ByteDance, both family names in China, have become known for their extremely tailored AI-driven customer apps. In reality, the majority of the AI applications that have actually been widely embraced in China to date have remained in consumer-facing markets, propelled by the world's largest web customer base and the capability to engage with customers in brand-new ways to increase consumer 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 study is based on field interviews with more than 50 experts within McKinsey and across industries, along with comprehensive analysis of McKinsey market assessments in Europe, the United States, Asia, and China specifically in between October and November 2021. In performing our analysis, we looked beyond commercial sectors, such as finance and retail, where there are already fully grown [AI](http://89.251.156.112) use cases and clear adoption. In emerging sectors with the greatest value-creation capacity, we concentrated on the domains where AI applications are currently in market-entry phases and could have an out of proportion effect by 2030. Applications in these sectors that either remain in the early-exploration phase or have mature market adoption, such as manufacturing-operations optimization, were not the focus for the function of the research study.
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In the coming decade, our research study suggests that there is remarkable opportunity for AI development in brand-new sectors in China, including some where development and R&D spending have actually generally lagged worldwide equivalents: automotive, transport, and logistics \ No newline at end of file