commit 935eefb1a9ba18fb86ee5a2a48323083ed96c382 Author: katherinamatto Date: Sat Feb 15 18:06:08 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..1bf6d69 --- /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 foundation to support its AI economy and made considerable contributions to AI worldwide. Stanford University's AI Index, which evaluates AI developments worldwide throughout various metrics in research study, advancement, and economy, ranks China amongst the top three countries for international AI vibrancy.1"Global AI Vibrancy Tool: Who's leading the global [AI](http://chillibell.com) 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](http://175.27.215.92:3000) journal documents and AI citations worldwide in 2021. In economic investment, China represented nearly one-fifth of international personal investment funding in 2021, bring in $17 billion for [AI](http://www.chinajobbox.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 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 typically fall into one of 5 main classifications:
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Hyperscalers develop end-to-end [AI](https://tobesmart.co.kr) innovation ability and work together within the ecosystem to serve both business-to-business and business-to-consumer business. +Traditional market companies serve clients straight by establishing and embracing AI in internal improvement, new-product launch, and customer services. +Vertical-specific AI business establish software application and services for particular domain usage cases. +AI core tech companies supply access to computer system vision, natural-language processing, voice acknowledgment, and artificial intelligence abilities to establish [AI](http://8.142.152.137:4000) systems. +Hardware companies provide the hardware infrastructure to support AI demand in computing power and storage. +Today, [AI](https://complexityzoo.net) adoption is high in China in finance, retail, and high tech, which together represent more than one-third of the nation's AI market (see sidebar "5 kinds of AI business in China").3 iResearch, iResearch serial market research on China's AI market III, December 2020. In tech, for example, leaders Alibaba and [wiki.snooze-hotelsoftware.de](https://wiki.snooze-hotelsoftware.de/index.php?title=Benutzer:GarrettHogben49) ByteDance, both home names in China, have actually become known for their highly tailored AI-driven customer apps. In fact, most of the [AI](https://git.lolilove.rs) applications that have actually been widely adopted in China to date have actually remained in consumer-facing markets, moved by the world's largest internet customer base and the capability to engage with customers in new ways to increase consumer loyalty, revenue, 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 study is based on field interviews with more than 50 experts within McKinsey and across markets, in addition to extensive analysis of McKinsey market evaluations in Europe, the United States, Asia, and China particularly between October and November 2021. In performing our analysis, we looked outside of industrial sectors, such as finance and retail, where there are already fully grown AI usage cases and clear adoption. In emerging sectors with the greatest value-creation potential, we concentrated on the domains where [AI](https://finance.azberg.ru) 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 phase or have fully grown 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 study shows that there is remarkable chance for [AI](https://www.greenpage.kr) growth in brand-new sectors in China, including some where development and R&D costs have actually traditionally lagged global counterparts: vehicle, transport, and logistics \ No newline at end of file