From 94742cd1639515b663d8a2ebcd9460f6a761b6fb Mon Sep 17 00:00:00 2001 From: russeldavitt15 Date: Thu, 3 Apr 2025 14:25:22 +0800 Subject: [PATCH] Add 'The next Frontier for aI in China could Add $600 billion to Its Economy' --- ...China-could-Add-%24600-billion-to-Its-Economy.md | 13 +++++++++++++ 1 file changed, 13 insertions(+) create mode 100644 The-next-Frontier-for-aI-in-China-could-Add-%24600-billion-to-Its-Economy.md diff --git a/The-next-Frontier-for-aI-in-China-could-Add-%24600-billion-to-Its-Economy.md b/The-next-Frontier-for-aI-in-China-could-Add-%24600-billion-to-Its-Economy.md new file mode 100644 index 0000000..53f74a2 --- /dev/null +++ b/The-next-Frontier-for-aI-in-China-could-Add-%24600-billion-to-Its-Economy.md @@ -0,0 +1,13 @@ +
In the past years, China has built a strong structure to support its AI economy and made significant contributions to [AI](https://0miz2638.cdn.hp.avalon.pw:9443) internationally. Stanford University's [AI](https://socials.chiragnahata.is-a.dev) Index, which examines AI developments around the world throughout various metrics in research, advancement, and economy, ranks China among the leading 3 countries for international AI vibrancy.1"Global AI Vibrancy Tool: Who's leading the international [AI](https://cmegit.gotocme.com) race?" Artificial Intelligence Index, Stanford Institute for Human-Centered Artificial Intelligence (HAI), Stanford University, 2021 ranking. On research, for instance, China produced about one-third of both [AI](http://39.99.158.114:10080) journal papers and [AI](https://jobster.pk) citations worldwide in 2021. In financial financial investment, China accounted for almost one-fifth of international personal investment financing in 2021, drawing in $17 billion for [AI](https://bocaiw.in.net) 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](https://www.jjldaxuezhang.com) by geographic location, 2013-21."
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Five types of [AI](http://thegrainfather.com) business in China
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In China, we discover that AI business usually fall into among 5 main categories:
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Hyperscalers establish end-to-end [AI](https://54.165.237.249) innovation capability and team up within the ecosystem to serve both business-to-business and business-to-consumer business. +Traditional market business serve customers straight by establishing and embracing AI in internal improvement, new-product launch, and client services. +Vertical-specific AI companies establish software application and options for specific domain use cases. +AI core tech suppliers offer access to computer system vision, natural-language processing, voice acknowledgment, and artificial intelligence capabilities to establish AI systems. +Hardware business supply the hardware facilities to support AI demand in calculating power and storage. +Today, [AI](https://gmstaffingsolutions.com) adoption is high in China in financing, retail, and high tech, which together represent more than one-third of the country's AI market (see sidebar "5 kinds of [AI](https://git.sunqida.cn) business in China").3 iResearch, iResearch serial market research study on China's AI market III, December 2020. In tech, for instance, leaders Alibaba and ByteDance, both family names in China, have become understood for their extremely tailored [AI](https://afacericrestine.ro)-driven customer apps. In fact, many of the [AI](https://rabota.newrba.ru) applications that have been widely embraced in China to date have actually remained in consumer-facing markets, propelled by the world's biggest internet consumer base and the ability to engage with customers in brand-new methods to increase customer loyalty, profits, 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 upon field interviews with more than 50 experts within McKinsey and throughout industries, along with extensive analysis of McKinsey market evaluations in Europe, the United States, Asia, and China particularly in between October and November 2021. In performing our analysis, we looked beyond industrial sectors, such as financing and retail, where there are already fully grown AI use cases and clear adoption. In emerging sectors with the highest value-creation capacity, we concentrated on the domains where AI applications are presently in market-entry phases and could have an out of proportion impact by 2030. Applications in these sectors that either remain in the early-exploration stage or have mature market adoption, such as manufacturing-operations optimization, were not the focus for the purpose of the research study.
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In the coming decade, our research study shows that there is incredible opportunity for [AI](http://adbux.shop) development in brand-new sectors in China, consisting of some where development and R&D spending have traditionally lagged global counterparts: vehicle, transport, and logistics \ No newline at end of file