commit fa36c1f53895ce9b5a294388f095aa4a8c398970 Author: malindakallas Date: Fri Feb 7 14:25:26 2025 +0000 Add 'The next Frontier for aI in China could Add $600 billion to Its Economy' 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..0a62c7f --- /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 decade, China has actually constructed a solid foundation to support its [AI](https://www.tippy-t.com) economy and made significant contributions to AI worldwide. Stanford University's [AI](https://tribetok.com) Index, which assesses AI improvements worldwide throughout various metrics in research, advancement, and economy, ranks China amongst the leading 3 countries for worldwide [AI](http://git.zthymaoyi.com) vibrancy.1"Global AI Vibrancy Tool: Who's leading the international [AI](https://wikibase.imfd.cl) 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 papers and AI citations worldwide in 2021. In financial investment, China accounted for nearly one-fifth of international private financial investment funding in 2021, bring in $17 billion for [AI](https://cruzazulfansclub.com) 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 area, 2013-21."
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Five types of AI companies in China
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In China, we discover that AI business generally fall into one of 5 main classifications:
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Hyperscalers develop end-to-end AI technology capability and work together within the community to serve both business-to-business and business-to-consumer business. +Traditional industry business serve clients straight by developing and embracing [AI](https://www.ojohome.listatto.ca) in internal transformation, new-product launch, and client services. +Vertical-specific [AI](https://play.future.al) business establish software application and options for particular domain usage cases. +AI core tech providers offer access to computer system vision, natural-language processing, voice recognition, and artificial intelligence abilities to develop AI systems. +Hardware business offer the hardware infrastructure to support AI need in computing power and storage. +Today, [AI](http://hychinafood.edenstore.co.kr) adoption is high in China in finance, retail, [wiki.dulovic.tech](https://wiki.dulovic.tech/index.php/User:GLXKatrice) and high tech, which together represent more than one-third of the nation's AI market (see sidebar "5 types of AI business in China").3 iResearch, iResearch serial marketing research on China's [AI](https://git.opskube.com) industry III, December 2020. In tech, for instance, leaders Alibaba and ByteDance, both family names in China, have ended up being known for their highly tailored AI-driven consumer apps. In reality, the majority of the [AI](https://wathelp.com) applications that have been commonly embraced in China to date have actually remained in consumer-facing industries, propelled by the world's biggest internet customer base and the capability to engage with customers in brand-new ways to increase consumer loyalty, income, and market appraisals.
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So what's next for AI in China?
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About the research
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This research study is based upon field interviews with more than 50 specialists within McKinsey and across industries, in addition to substantial 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 finance and retail, where there are already fully grown [AI](https://code.smolnet.org) use cases and clear adoption. In emerging sectors with the highest value-creation capacity, we concentrated on the domains where AI applications are currently in market-entry stages and could have a disproportionate impact 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 function of the study.
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In the coming years, our research suggests that there is incredible chance for [AI](http://git.risi.fun) growth in new sectors in China, including some where development and R&D costs have actually traditionally lagged worldwide equivalents: automobile, transportation, and logistics \ No newline at end of file