China’s AI Investment Surge

China’s artificial intelligence (AI) industry could see an investment of over 10 trillion yuan (US$1.4 trillion) in the next six years, according to Chen Liang, chairman of China International Capital Corporation (CICC). This statement was made during the International China Investment Forum, highlighting the significant growth potential in China’s AI market.

Market Growth and Demand

The CICC forecasts that China’s AI market demand could reach 5.6 trillion yuan by 2030. This growth is fueled by domestic tech companies investing in generative AI models, particularly large language models, which are being integrated into traditional industries like healthcare and logistics.

AI Boom in China

In the first half of this year, more than 237,000 AI-related companies were launched in China, according to Qichacha, a corporate data platform. Currently, there are about 1.7 million companies in China with AI in their name or business scope.

Questions and Implications

What does this mean for global AI competition? Will China’s investment strategy influence other countries? As the AI landscape evolves, these are questions worth considering.

For more details, visit the original article on SCMP.

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