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 previous years, China has constructed a strong foundation to support its [AI](https://site4people.com) economy and made significant contributions to AI worldwide. Stanford University's AI Index, which examines AI developments worldwide throughout different metrics in research study, advancement, and economy, ranks China among the top three countries for  [archmageriseswiki.com](http://archmageriseswiki.com/index.php/User:CarmelPerdue) global AI vibrancy.1"Global AI Vibrancy Tool: Who's leading the worldwide AI 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](http://code.hzqykeji.com) journal papers and AI citations worldwide in 2021. In financial financial investment, China represented nearly one-fifth of worldwide personal 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](https://git.cloud.exclusive-identity.net) business in China<br>
+<br>In China, we discover that AI business normally fall into one of five main classifications:<br>
+<br>Hyperscalers establish end-to-end [AI](http://gsend.kr) innovation ability and collaborate within the environment to serve both business-to-business and business-to-consumer companies.
+Traditional market companies serve consumers straight by establishing and adopting [AI](https://uwzzp.nl) in internal change, new-product launch, and customer support.
+Vertical-specific AI companies develop software and options for specific domain usage cases.
+[AI](https://gitea.offends.cn) core tech suppliers provide access to computer vision, natural-language processing, voice recognition, and artificial intelligence capabilities to establish AI systems.
+Hardware business provide the hardware facilities to support AI need in computing power and storage.
+Today, AI 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 marketing research on China's AI industry III, December 2020. In tech, for instance, leaders Alibaba and ByteDance, both household names in China, have become known for their extremely tailored [AI](http://xrkorea.kr)-driven consumer apps. In fact, the majority of the AI applications that have been extensively 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 consumers in brand-new methods to increase consumer loyalty, income, and market appraisals.<br>
+<br>So what's next for AI in China?<br>
+<br>About the research<br>
+<br>This research is based upon field interviews with more than 50 experts within McKinsey and across markets, along 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 outside of industrial sectors, such as financing and retail, where there are currently mature [AI](https://janhelp.co.in) use cases and clear adoption. In emerging sectors with the greatest value-creation capacity, we focused on the domains where AI applications are currently in market-entry phases and could have an out of proportion effect 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 purpose of the study.<br>
+<br>In the coming decade, our research indicates that there is remarkable chance for AI growth in new sectors in China, consisting of some where innovation and R&D spending have generally lagged worldwide counterparts: automotive, transportation, and logistics