commit de99e0a2d60a8cfaa368b3ec7a68eced00d58b9b Author: bethanyrincon Date: Tue Mar 4 21:07:32 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..d3e16ff --- /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 developed a solid structure to support its AI economy and made considerable contributions to AI globally. Stanford University's [AI](https://git.bubblesthebunny.com) Index, which evaluates AI improvements around the world throughout various metrics in research study, development, and economy, ranks China among the leading three countries for worldwide AI vibrancy.1"Global AI Vibrancy Tool: Who's leading the international AI race?" Artificial Intelligence Index, Stanford Institute for Human-Centered Artificial Intelligence (HAI), Stanford University, 2021 ranking. On research study, for example, China produced about one-third of both AI journal documents and AI citations worldwide in 2021. In financial investment, China accounted for almost one-fifth of worldwide personal financial investment financing in 2021, drawing 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 area, 2013-21."
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Five types of AI companies in China
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In China, we discover that AI companies normally fall under one of five main classifications:
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Hyperscalers develop end-to-end AI innovation capability and collaborate within the environment to serve both business-to-business and business-to-consumer business. +Traditional market companies serve customers straight by establishing and embracing AI in internal change, new-product launch, and customer care. +Vertical-specific [AI](https://hiphopmusique.com) companies develop software application and services for specific domain usage cases. +[AI](https://www.netrecruit.al) core tech service providers offer access to computer vision, natural-language processing, voice recognition, and artificial intelligence abilities to establish AI systems. +Hardware companies offer the hardware facilities to support AI demand in calculating power and storage. +Today, [AI](https://git.bloade.com) 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 types of [AI](https://www.dpfremovalnottingham.com) business in China").3 iResearch, iResearch serial market research on China's AI industry III, December 2020. In tech, for instance, leaders Alibaba and ByteDance, both family names in China, have actually ended up being known for their extremely tailored AI-driven customer apps. In truth, most of the AI applications that have been extensively adopted in China to date have actually remained in consumer-facing markets, moved by the world's biggest internet customer base and the capability to engage with consumers in new ways to increase customer commitment, 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 across industries, together with substantial 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 outside of business sectors, such as financing and retail, where there are already fully grown [AI](https://sun-clinic.co.il) use cases and clear adoption. In emerging sectors with the highest value-creation capacity, we focused on the domains where AI applications are presently in market-entry stages and could have a disproportionate effect by 2030. Applications in these sectors that either remain in the early-exploration stage or have fully grown market adoption, such as manufacturing-operations optimization, were not the focus for the function of the study.
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In the coming decade, our research shows that there is remarkable chance for [AI](https://youslade.com) growth in brand-new sectors in China, consisting of some where innovation and R&D spending have generally lagged international equivalents: automotive, transport, and logistics \ No newline at end of file