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China has set its sights on achieving global artificial intelligence leadership by 2030. By then, its AI investments could deliver a 52% return on invested capital, according to Morgan Stanley Research.
AI is rapidly changing real life in China and creating a market that could reach $1.4 trillion in the next five years as the country becomes one of the global leaders in the new technology.
Computing: Amid U.S. export controls, China's path to full self-sufficiency in advanced chip manufacturing remains uncertain, but the local industry has demonstrated resilience and progress. “The next six to 12 months will be a critical period for Chinese AI firms, as an increasing number of enterprise deployments attempting to solve real-life problems will begin to show productivity gains,” Kim says. “To mitigate the pain, policymakers may need to strengthen social protection for the unemployed, increase support for AI-oriented education and career training, and encourage job creation in sectors less susceptible to AI displacement.”
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