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 developed a strong structure to support its AI economy and made significant contributions to [AI](http://47.108.161.78:3000) internationally. Stanford University's AI Index, which evaluates [AI](http://careers.egylifts.com) advancements worldwide across numerous metrics in research, advancement, and economy, ranks China among the leading three nations for worldwide [AI](http://www.mizmiz.de) vibrancy.1"Global [AI](https://btslinkita.com) Vibrancy Tool: Who's leading the worldwide 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 documents and AI citations worldwide in 2021. In financial financial investment, China represented nearly one-fifth of international personal financial investment financing in 2021, attracting $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 location, 2013-21."<br>
+<br>Five kinds of AI business in China<br>
+<br>In China,  [setiathome.berkeley.edu](https://setiathome.berkeley.edu/view_profile.php?userid=11926441) we discover that AI business typically fall under one of 5 main categories:<br>
+<br>Hyperscalers develop end-to-end AI innovation ability and team up within the ecosystem to serve both business-to-business and business-to-consumer companies.
+Traditional market companies serve clients straight by establishing and adopting AI in internal transformation, new-product launch, and client service.
+Vertical-specific AI companies develop software and services for specific domain usage cases.
+[AI](https://playtube.app) core tech providers supply access to computer system vision, natural-language processing, voice recognition, and artificial intelligence capabilities to develop AI systems.
+Hardware business offer the hardware facilities to support AI demand in calculating power and storage.
+Today, [AI](https://carrieresecurite.fr) 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 kinds of AI business in China").3 iResearch, iResearch serial market research study on China's AI market III, December 2020. In tech, for example, leaders Alibaba and ByteDance, both household names in China, have ended up being known for their extremely tailored [AI](http://www.origtek.com:2999)-driven consumer apps. In fact, the majority of the [AI](https://gitlab.optitable.com) applications that have been widely adopted in China to date have actually remained in consumer-facing markets, propelled by the world's largest web consumer base and the ability to engage with customers in new methods to increase consumer commitment, profits, and market appraisals.<br>
+<br>So what's next for [AI](https://nse.ai) in China?<br>
+<br>About the research study<br>
+<br>This research study is based on field interviews with more than 50 specialists within McKinsey and throughout markets, along with substantial 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 commercial sectors, such as finance and retail, where there are already mature [AI](http://upleta.rackons.com) usage cases and clear adoption. In emerging sectors with the greatest value-creation capacity, we focused on the domains where [AI](https://famenest.com) applications are presently in market-entry stages and could have a disproportionate impact 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.<br>
+<br>In the coming years, our research indicates that there is incredible opportunity for [AI](http://111.35.141.5:3000) growth in brand-new sectors in China, including some where development and R&D costs have actually traditionally lagged worldwide equivalents: vehicle, transport, and logistics