The Chinese mainland's artificial intelligence (AI) sector is experiencing explosive growth fueled by private sector investments and strong policy support. This surge is not only transforming the technological landscape within the region but also making significant waves on the global stage.
Experts project the Chinese mainland's AI market size to increase from 29.4 billion yuan (over $4 billion) in 2024 to over 70 billion yuan by 2026. This remarkable growth is attributed to increased investment from private companies, innovative startups, and favorable government policies that encourage research and development in AI technologies.
With such rapid expansion, the Chinese mainland is positioning itself as a key player in the global AI industry, attracting attention from entrepreneurs, tech enthusiasts, and international investors alike. The collaborative efforts between the private sector and policymakers are creating a robust ecosystem that supports sustainable growth and technological advancement.
Reference(s):
cgtn.com
