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 across various metrics in research, advancement, and economy, ranks China among the top 3 nations for international AI vibrancy.1"Global AI Vibrancy Tool: Who's leading the international AI race?" Artificial Intelligence Index, Stanford Institute for Human-Centered Artificial Intelligence (HAI), Stanford University, 2021 ranking. On research, for instance, China produced about one-third of both AI journal documents and AI citations worldwide in 2021. In financial financial investment, China accounted for nearly one-fifth of international private financial 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 geographic location, 2013-21."
Five kinds of AI business in China
In China, we find that AI business normally fall under among 5 main classifications:
Hyperscalers establish end-to-end AI innovation capability and collaborate within the environment to serve both business-to-business and business-to-consumer business.
Traditional industry business serve customers straight by establishing and embracing AI in internal change, new-product launch, and customer support.
Vertical-specific AI companies develop software and solutions for particular domain use cases.
AI core tech suppliers offer access to computer system vision, natural-language processing, voice recognition, and artificial intelligence abilities to establish AI systems.
Hardware business provide the hardware infrastructure to support AI need in calculating power and storage.
Today, AI adoption is high in China in finance, retail, and high tech, which together represent more than one-third of the country's AI market (see sidebar "5 types of AI companies in China").3 iResearch, iResearch serial market research on China's AI industry III, December 2020. In tech, for example, leaders Alibaba and ByteDance, both household names in China, [forum.batman.gainedge.org](https://forum.batman.gainedge.org/index.php?action=profile
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The next Frontier for aI in China could Add $600 billion to Its Economy
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