China's AI Industry Output Reaches US$25 Billion in 2023
Monday, 12 August 2024, 11:00
Main Factors Driving Growth of China's AI Industry
China's AI industry is thriving, with significant contributions from Baidu, SenseTime, and other tech leaders.
Regional Contributions
- Shenzhen: Accounts for over 40% of Guangdong's AI output.
- Beijing: Dominates with an impressive US$34.9 billion in AI revenue.
- Shanghai and Hong Kong: Emerge as critical players in the evolving landscape.
Key Players in the Market
- Baidu: A pioneer in AI technologies.
- SenseTime: Innovating in computer vision.
- Huawei Technologies: Contributing cutting-edge AI solutions.
- Alibaba Group Holding: Expanding the AI ecosystem.
- Tencent Holdings: Investing in diverse AI applications.
Additionally, initiatives from Xi Jinping and government support are expected to further propel the sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.