China's AI investment expected to exceed 38 bln USD in 2027-Xinhua

China's AI investment expected to exceed 38 bln USD in 2027

Source: Xinhua

Editor: huaxia

2023-08-26 23:48:15

A robot performs shooting at the basket during the World Artificial Intelligence Conference (WAIC) 2023 in Shanghai, east China, July 6, 2023. (Xinhua/Fang Zhe)

BEIJING, Aug. 26 (Xinhua) -- China's investment in artificial intelligence (AI) is estimated to reach 38.1 billion U.S. dollars in 2027, accounting for about 9 percent of the world's total, according to an industry report.↳

China has continued to boost its prowess in the AI sector in recent years, said global market research firm International Data Corporation (IDC).↳

In the future, with government support and a rapid pace of industrial upgrades, AI technology will integrate with diverse industry demands and become a part of products, services and business models, the IDC added.↳

Amid recent breakthroughs in AI technology and enhanced application integration, numerous enterprises are scrambling to use advanced technologies represented by AI to adapt to the general landscape of the digital intelligence market, empower new businesses, and help enterprises determine the value of intelligent decision-making goals, consequently fueling a surge in customized demands for AI, the IDC said. 


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