From ecb450819527f20ad4075999268334f92d52761b Mon Sep 17 00:00:00 2001 From: opallanning797 Date: Tue, 8 Apr 2025 08:57:11 +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..021210c --- /dev/null +++ b/The-next-Frontier-for-aI-in-China-might-Add-%24600-billion-to-Its-Economy.md @@ -0,0 +1,13 @@ +
In the previous decade, China has actually developed a strong foundation to support its [AI](https://skillfilltalent.com) economy and made considerable contributions to [AI](https://git.fpghoti.com) internationally. Stanford University's AI Index, which evaluates AI advancements worldwide across different metrics in research, [forum.pinoo.com.tr](http://forum.pinoo.com.tr/profile.php?id=1385501) advancement, and economy, ranks China amongst the leading three nations for international AI vibrancy.1"Global AI Vibrancy Tool: Who's leading the international [AI](https://almanyaisbulma.com.tr) race?" Artificial Intelligence 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](https://www.groceryshopping.co.za) journal papers and AI citations worldwide in 2021. In economic financial investment, China accounted for nearly one-fifth of worldwide private financial investment financing in 2021, attracting $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](http://www.vokipedia.de) by geographical area, 2013-21."
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Five kinds of [AI](https://aji.ghar.ku.jaldi.nai.aana.ba.tume.dont.tach.me) business in China
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In China, we discover that [AI](https://allcallpro.com) companies normally fall under one of five main categories:
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Hyperscalers develop end-to-end [AI](http://39.99.134.165:8123) technology capability and collaborate within the ecosystem to serve both business-to-business and business-to-consumer companies. +Traditional market companies serve clients straight by developing and embracing AI in internal change, new-product launch, and consumer services. +Vertical-specific AI companies develop software application and services for particular domain usage cases. +[AI](https://git.on58.com) core tech service providers provide access to computer vision, natural-language processing, voice recognition, and artificial intelligence capabilities to establish [AI](https://www.liveactionzone.com) systems. +Hardware business supply the hardware infrastructure to support AI demand in calculating power and storage. +Today, AI adoption is high in China in finance, retail, and high tech, which together account for more than one-third of the country's AI market (see sidebar "5 kinds of [AI](http://sbstaffing4all.com) companies in China").3 iResearch, iResearch serial marketing research on China's [AI](https://git.riomhaire.com) market III, December 2020. In tech, for instance, leaders Alibaba and ByteDance, both home names in China, have become understood for their extremely tailored AI-driven customer apps. In reality, most of the AI applications that have been extensively embraced in China to date have remained in consumer-facing industries, moved by the world's largest internet consumer base and the ability to engage with customers in new methods to increase client commitment, income, and market appraisals.
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So what's next for [AI](https://in-box.co.za) 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, in addition to comprehensive analysis of McKinsey market evaluations in Europe, the United States, Asia, and China specifically in between October and November 2021. In performing our analysis, we looked beyond industrial sectors, such as financing and retail, where there are already mature AI use cases and clear adoption. In emerging sectors with the highest value-creation capacity, we focused 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 industry adoption, such as manufacturing-operations optimization, were not the focus for the purpose of the research study.
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In the coming years, our research study suggests that there is incredible chance for AI growth in new sectors in China, including some where innovation and R&D costs have actually traditionally lagged global equivalents: automobile, transportation, and logistics \ No newline at end of file