Add 'The next Frontier for aI in China could Add $600 billion to Its Economy'

The-next-Frontier-for-aI-in-China-could-Add-%24600-billion-to-Its-Economy.md

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+<br>In the previous years, China has constructed a solid structure to support its AI economy and made substantial contributions to AI worldwide. Stanford University's [AI](https://foke.chat) Index, which assesses AI developments around the world throughout various metrics in research study, advancement,  [wiki.dulovic.tech](https://wiki.dulovic.tech/index.php/User:JoniNey672) and economy, ranks China among the leading 3 nations for global AI vibrancy.1"Global AI Vibrancy Tool: Who's leading the worldwide [AI](http://39.106.223.11) 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 journal documents and [AI](https://git.mintmuse.com) citations worldwide in 2021. In financial investment, China accounted for nearly one-fifth of international personal 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,  [garagesale.es](https://www.garagesale.es/author/kierakeys13/) Figure 4.2.6, "Private investment in AI by geographic area, 2013-21."<br>
+<br>Five kinds of [AI](https://pakkjob.com) companies in China<br>
+<br>In China, we find that [AI](https://git.wisptales.org) companies usually fall into one of 5 main categories:<br>
+<br>Hyperscalers establish end-to-end [AI](http://www.scitqn.cn:3000) innovation capability and work together within the environment to serve both business-to-business and business-to-consumer companies.
+Traditional market companies serve consumers straight by developing and adopting [AI](https://demo.playtubescript.com) in internal improvement, new-product launch, and customer care.
+Vertical-specific AI companies establish software and services for particular domain use cases.
+AI core tech suppliers provide access to computer system vision, natural-language processing, voice acknowledgment, and artificial intelligence capabilities to establish [AI](http://115.159.107.117:3000) systems.
+Hardware companies supply the hardware facilities to support [AI](http://gitlab.lecanal.fr) need 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 nation's AI market (see sidebar "5 types of [AI](http://43.143.46.76:3000) business in China").3 iResearch, iResearch serial marketing research on China's [AI](https://git.lolilove.rs) industry III, December 2020. In tech, for example, leaders Alibaba and ByteDance, both household names in China, have become known for their highly tailored [AI](https://dztrader.com)-driven customer apps. In fact, the majority of the AI applications that have actually been commonly embraced in China to date have actually remained in consumer-facing industries, moved by the world's biggest web consumer base and the ability to engage with customers in new ways to increase consumer loyalty, revenue, and market appraisals.<br>
+<br>So what's next for AI in China?<br>
+<br>About the research<br>
+<br>This research study is based upon field interviews with more than 50 specialists within McKinsey and across markets, together with comprehensive analysis of McKinsey market assessments in Europe, the United States, Asia, and China particularly in between October and November 2021. In performing our analysis, we looked outside of business sectors, such as finance and retail, where there are currently mature [AI](http://114.116.15.227:3000) use cases and clear adoption. In emerging sectors with the greatest value-creation capacity, we concentrated on the domains where AI applications are presently in market-entry stages and might have an out of proportion effect by 2030. Applications in these sectors that either remain in the early-exploration stage or have mature industry adoption, such as manufacturing-operations optimization, were not the focus for the purpose of the study.<br>
+<br>In the coming years, our research indicates that there is significant opportunity for [AI](https://yourgreendaily.com) development in new sectors in China, including some where innovation and R&D spending have traditionally lagged worldwide counterparts: automobile, transportation, and logistics