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In the previous decade, China has actually constructed a strong structure to support its AI economy and made substantial contributions to AI worldwide. Stanford University's AI Index, which evaluates AI developments around the world across different metrics in research, development, and economy, ranks China among the top three nations for worldwide AI vibrancy.1"Global AI Vibrancy Tool: Who's leading the global [AI](https://kcshk.com) race?" Artificial Intelligence 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 documents and AI citations worldwide in 2021. In economic investment, China accounted for nearly one-fifth of international private investment funding in 2021, bring 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 investment in AI by geographical area, 2013-21."
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Five types of [AI](http://106.14.140.71:3000) business in China
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In China, we find that AI companies generally fall under among 5 main categories:
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Hyperscalers establish end-to-end AI technology capability and [disgaeawiki.info](https://disgaeawiki.info/index.php/User:AdolfoL82141269) work together within the environment to serve both business-to-business and business-to-consumer companies. +Traditional industry business serve consumers straight by developing and embracing AI in internal improvement, new-product launch, and customer support. +Vertical-specific [AI](https://ibs3457.com) companies develop software application and solutions for specific domain use cases. +AI core tech companies provide access to computer vision, natural-language processing, voice acknowledgment, and artificial intelligence capabilities to develop [AI](https://wiki.cemu.info) systems. +Hardware business provide the hardware infrastructure to support AI need in computing power and storage. +Today, AI 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 types of AI business in China").3 iResearch, iResearch serial marketing research on China's AI industry III, December 2020. In tech, for example, leaders Alibaba and ByteDance, both household names in China, have become understood for their highly tailored AI-driven consumer apps. In truth, many of the AI applications that have been extensively embraced in China to date have actually remained in consumer-facing markets, propelled by the world's largest internet consumer base and the capability to engage with consumers in new ways to increase client commitment, revenue, 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 on field interviews with more than 50 experts within McKinsey and across markets, along with comprehensive 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 beyond commercial sectors, such as financing and retail, where there are currently fully grown AI usage cases and clear adoption. In emerging sectors with the highest value-creation potential, 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 function of the research study.
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In the coming years, our research study shows that there is tremendous opportunity for [AI](https://turizm.md) growth in new sectors in China, including some where innovation and R&D costs have traditionally lagged worldwide counterparts: automotive, transport, and logistics \ No newline at end of file