China’s Artificial intelligence investment expected to exceed $38bn in 2027

Author: APP

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), Xinhua reported. 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.

Share
Leave a Comment

Recent Posts

  • World

ICC issues arrest warrants for Israel’s PM Netanyahu

The International Criminal Court on Thursday issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu…

1 min ago
  • Pakistan

France announces aid to back global fight against polio in Pakistan

French Ambassador to Pakistan, Nicolas Galey, has reaffirmed France's support for Pakistan's polio eradication efforts,…

4 hours ago
  • Pakistan

Punjab CM briefs NDU delegation on Punjab development initiatives

Punjab Chief Minister Maryam Nawaz Sharif Thursday met the participants in the 26th National Security…

4 hours ago
  • Pakistan

ATC approves Imran’s physical remand in vandalism case

An anti-terrorism court has approved a five-day physical remand of former PTI chairman Imran Khan,…

4 hours ago
  • Pakistan

Qureshi, others indicted in May 9 case

An anti-terrorism court (ATC) on Thursday indicted several Pakistan Tehreek-e-Insaf (PTI) leaders, including Shah Mehmood…

4 hours ago
  • Pakistan

Pakistan voices regret after US veto on Gaza ceasefire bid

Pakistan expressed its "deep regret" over the United States' veto of a UN Security Council…

4 hours ago