China’s AI Investment Set to Surpass $38 Billion by 2027

2023-08-26 17:15:07

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(Xinhua file photo: A robot from Tesla is seen at the 2023 World Artificial Intelligence Conference in Shanghai, east China, July 6, 2023.)

BEIJING, Aug. 26 (Xinhua) — International Data Corporation (IDC), a global market research firm, China’s investment in artificial intelligence (AI) is forecast to reach 38.1 billion U.S. dollars by 2027, accounting for regarding 9 percent of the world’s total investment in artificial intelligence.

China has continued to strengthen capacity in the artificial intelligence sector over the years, the report said. In the future, this technology will be integrated into various industrial needs. and become part of the products, services and businesses under government support and rapid industrial upgrading.

Entrepreneurs are now using advanced technologies with the power of artificial intelligence. Amid the advancement of such technology and the increasing integration of applications To adapt to the general landscape of smart digital markets Empowering new businesses and help determine the value of smart decision goals. which has fueled the growing demand for specialized artificial intelligence.

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