commit 134745da9d4ca3a6232bff86c34effd47e4594e1 Author: landelamothe22 Date: Sun Feb 9 13:16:26 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..b8f713c --- /dev/null +++ b/The-next-Frontier-for-aI-in-China-could-Add-%24600-billion-to-Its-Economy.md @@ -0,0 +1,13 @@ +
In the previous years, China has developed a strong structure to support its AI economy and made substantial contributions to [AI](http://106.227.68.187:3000) internationally. Stanford University's AI Index, which evaluates AI improvements worldwide throughout numerous metrics in research study, advancement, and economy, ranks China amongst the top 3 nations for global AI vibrancy.1"Global [AI](http://120.196.85.174:3000) Vibrancy Tool: Who's leading the international AI race?" Expert System 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](https://corvestcorp.com) citations worldwide in 2021. In financial financial investment, China represented nearly one-fifth of worldwide private investment funding 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 investment in [AI](https://pattondemos.com) by geographical 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 under one of 5 main classifications:
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Hyperscalers develop end-to-end AI technology ability and work together within the community to serve both business-to-business and business-to-consumer companies. +Traditional industry companies serve clients straight by establishing and adopting AI in internal change, new-product launch, and customer care. +Vertical-specific AI companies establish software application and options for specific domain usage cases. +AI core tech suppliers offer access to computer vision, natural-language processing, voice recognition, and artificial intelligence capabilities to develop [AI](https://repo.correlibre.org) systems. +Hardware business provide the hardware facilities to support AI need in calculating power and storage. +Today, [AI](https://gitlab.kitware.com) adoption is high in China in finance, retail, and high tech, which together account for more than one-third of the country'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 ByteDance, both household names in China, have actually ended up being understood for their highly tailored AI-driven consumer apps. In reality, many of the AI applications that have been widely adopted in China to date have actually remained in consumer-facing industries, propelled by the world's largest web consumer base and the ability to engage with consumers in brand-new methods 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
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This research is based upon field interviews with more than 50 specialists within McKinsey and throughout markets, together with extensive analysis of McKinsey market evaluations in Europe, the United States, Asia, and China specifically between October and November 2021. In performing our analysis, we looked beyond industrial sectors, such as financing and retail, where there are currently mature AI usage 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 phases and could have a disproportionate effect by 2030. Applications in these sectors that either remain in the early-exploration phase or have mature 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 study indicates that there is significant chance for AI development in brand-new sectors in China, consisting of some where and R&D costs have typically lagged worldwide counterparts: vehicle, transport, and logistics \ No newline at end of file