China’s AI industry is soaring faster than a TikTok trend, with private companies driving innovation and hefty investments into smart tech. Think meets
! The sector’s value is set to leap from 29.4B yuan ($4B+) in 2024 to over 70B yuan by 2026, according to fresh data.
Tech giants and startups alike are racing to develop AI tools for everything from healthcare to self-driving cars. Shenzhen, China’s answer to Silicon Valley, is buzzing with labs and partnerships. 'Private firms are the backbone here,' says a Beijing-based tech analyst. 'They’re agile, risk-taking, and backed by policies that prioritize R&D.'
Key moves? Companies like Alibaba and Tencent are funneling billions into AI infrastructure, while niche startups specialize in language models and robotics. Meanwhile, the Chinese mainland’s 'Next-Gen AI Development Plan' aims to make the country a global leader by 2030. Could this spark a new wave of AI-driven startups worldwide? Watch this space!
Reference(s):
cgtn.com