The future of telecommunications looks brighter than ever, thanks to the power of artificial intelligence (AI). John Hoffman, CEO of the Global System for Mobile Communications Association (GSMA), revealed at the 2024 World Internet Conference Wuzhen Summit in Zhejiang Province that AI could generate a whopping $680 billion for the telecom sector over the next 15 to 20 years.
Referencing a recent McKinsey report, Hoffman emphasized that AI is not just a buzzword but a transformative force set to revolutionize businesses and society on an unprecedented scale. 🌐✨
He highlighted that 81% of telecom operators worldwide are already exploring generative AI solutions. Notably, operators from the Chinese mainland are leading the charge, backed by substantial investments, robust government support, and a thriving tech ecosystem.
Companies like China Mobile, China Telecom, and China Unicom are making significant advancements in AI research and applications. Their innovative solutions are enhancing public services, optimizing supply chains, and revolutionizing healthcare. For example, an intelligent computing service platform has been launched in northwest China to aid flood control efforts, while an AI database in southwest China is dedicated to preserving and developing cultural diversity.
On a global scale, Hoffman mentioned that over 150 million people could benefit from mobile big data and AI solutions within the next five years, improving lives in various sectors.
However, with great power comes great responsibility. Hoffman stressed the importance of ethical and sustainable AI development, ensuring that as we embrace these technologies, we remain mindful of their societal impact.
The summit, themed \"Embracing a People-centered and AI-for-good Digital Future: Building a Community with a Shared Future in Cyberspace,\" continues until Friday, bringing together leaders and innovators to shape the digital landscape of tomorrow.
