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

@@ -0,0 +1,13 @@
+<br>In the past years, China has constructed a solid foundation to support its [AI](https://antoinegriezmannclub.com) economy and made significant contributions to [AI](http://123.60.67.64) worldwide. Stanford University's [AI](http://42.192.80.21) Index, which assesses AI advancements worldwide throughout various metrics in research, advancement, and economy, ranks China amongst the leading 3 countries for global AI vibrancy.1"Global [AI](http://revoltsoft.ru:3000) Vibrancy Tool: Who's leading the global AI race?" Expert System Index, Stanford Institute for Human-Centered Artificial Intelligence (HAI), Stanford University, 2021 ranking. On research, for example, China produced about one-third of both AI journal papers and AI citations worldwide in 2021. In economic investment, China represented nearly one-fifth of global personal financial investment funding in 2021, attracting $17 billion for [AI](https://proputube.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 financial investment in [AI](http://www.vmeste-so-vsemi.ru) by geographical area, 2013-21."<br>
+<br>Five kinds of AI companies in China<br>
+<br>In China, we find that AI companies usually fall into among 5 main classifications:<br>
+<br>Hyperscalers establish end-to-end [AI](https://ec2-13-237-50-115.ap-southeast-2.compute.amazonaws.com) technology ability and collaborate within the community to serve both business-to-business and business-to-consumer companies.
+Traditional industry business serve clients straight by developing and adopting AI in internal change, new-product launch, and client service.
+Vertical-specific [AI](https://git.iws.uni-stuttgart.de) companies establish software application and solutions for specific domain use cases.
+[AI](https://pompeo.com) core tech companies provide access to computer system vision, natural-language processing, voice acknowledgment, and artificial intelligence capabilities to establish [AI](https://www.jobzalerts.com) systems.
+Hardware business offer the hardware infrastructure to support [AI](http://114.132.245.203:8001) demand in calculating power and storage.
+Today, AI adoption is high in China in financing, retail,  [trademarketclassifieds.com](https://trademarketclassifieds.com/user/profile/2944111) and high tech, which together represent more than one-third of the country's AI market (see sidebar "5 kinds of AI companies 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 family names in China, have become understood for their extremely tailored AI-driven consumer apps. In fact, the majority of the AI applications that have actually been commonly adopted in China to date have remained in consumer-facing markets, propelled by the world's largest internet customer base and the capability to engage with customers in new methods to increase client loyalty, revenue, and market appraisals.<br>
+<br>So what's next for [AI](http://27.128.240.72:3000) in China?<br>
+<br>About the research<br>
+<br>This research study is based on field interviews with more than 50 specialists within McKinsey and throughout industries, 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 beyond business sectors, such as financing and retail, where there are already mature AI usage cases and clear adoption. In emerging sectors with the highest value-creation capacity,  [wiki.myamens.com](http://wiki.myamens.com/index.php/User:VirgieBoldt4) we concentrated on the domains where AI applications are currently in market-entry phases and could have a disproportionate impact 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 function of the research study.<br>
+<br>In the coming years, our research shows that there is significant chance for AI growth in new sectors in China, including some where development and R&D spending have actually generally lagged international equivalents: vehicle, transportation, and logistics