9month28Today, Frost & SullivanFrost & SullivanThe Digital Economy Sub-forum of the 2nd New Investment Expo & 17th Frost & Sullivan Global Growth, Tech Innovation and Leadership Summit (referred to as the 'Frost & Sullivan New Investment Conference') successfully concluded. The participants focused on 'Digital Economy and Industrial Integration:AIAccelerated Industry-wide Transformation ” explored new opportunities for digital economy investment and financing.
Zu Yaru, Global Managing Partner and Executive Director of the Board at Frost & Sullivan; Dr. Wang Xin, Global Partner and Chairman of the Greater China Region at Frost & Sullivan; Wang Chenhui, Managing Partner and Executive Vice President of the Greater China Region at Frost & Sullivan and Co-founder of LeadLeo; and LeadLeo Research InstituteAIYuan Xucong, Chief Analyst of the Industry, was interviewed by Reuters to discuss ChinaAIIndustry development.
Reuters News
Global growth consulting firm Frost & Sullivan said that in the process of China's economic transformation, artificial intelligenceAIThere will be huge investment opportunities in this field, but in ChinaAIThe industry is also facing significant challenges in the field of high-end chip manufacturing.
"I believe that the area of sustainable development represents a huge opportunity for investment in China. The second big opportunity will be in the field of artificial intelligence," said Zou Yaru, Global Partner and Executive Director of the Board at Frost & Sullivan.9month27Opening tomorrow2023Frost & Sullivan said to Reuters at its annual New Investment Conference.
Zu Yaru believes that with the transformation of the Chinese economy, all industries will shift from traditional ones to more technology-driven sectors, thus presenting huge investment opportunities. The core driving force behind all these transformations is artificial intelligence.
"In fact, I believe we have far surpassed digital transformation. Digital transformation is essentially about connectivity."...I believe that we have now passed through this stage, and I think the next era isAI"In an era of transformation," he said.
He also stated that this transformation will be on a large scale, and at present, it is still in a very early stage. However, over time, every industry and all aspects of daily life will be affected to some extent.AIImpact.
"Artificial Intelligence (AI) has the potential to become one of the most dynamic investment areas in China over the next decade, 'said Wang Chenhui, managing partner and executive vice president of Frost & Sullivan Greater China and co-founder of LeadLeo. And stated that this is mainly based on the strong support of the Chinese government, a wide range of application areas,AIContinuous technological progress, large volumes of data, and high-quality and powerful computing capabilities.
He said that China has made remarkable development progress in the field of artificial intelligence, including algorithms, computing power, applications, and data; China is actively promotingAIEngineering, shallAIThe deep integration of technology into the real economy helps different sectors achieve intelligent transformation and upgrading, bringing more innovation and competitive advantages to enterprises and society.
Dr. Wang Xin, Global Partner at Frost & Sullivan and Chairman of the Greater China Region, told Reuters that currently, the number of listed companies in China is still relatively low compared to the total number of enterprises.
"How to enable these high-quality (Chinese technology) enterprises to not only obtain financing but also be favored by investors, securing the funds needed for their strategic development and new product research and development, and solving the problem of technological innovation in our country is a very important topic," he said.
According to the2023Year in ChinaAI"White Paper on Technology-Driven Enterprise Services",2022Year in ChinaAIThe industry market scale reaches3,716RMB 10 billion, accounting for about20%; At the same time, Chinese enterprise-levelAIThe solution market accounts for approximately the entirety of ChinaAImarket77%, is expected to arrive2027The number will increase to about83%.
chinaAIThe industry faces constraints from high-end chips.
As the competition in technology intensifies, China has been seeking self-reliance and control in key core technologies, but still faces practical constraints in hardware in frontier and high-end fields.
"High-endAIThe manufacturing of chips is in ChinaAIOne of the important challenges facing development is that China still does not possess the capability to manufacture high-end chips. This is mainly because manufacturing high-end chips requires a high level of technical expertise and mature manufacturing processes, which is a long-term accumulation process,” LeadLeo Research InstituteAI"The industry's chief analyst, Yuan Xucong, said.
He believes that China's supportive measures are unlikely to change the overall level and competitiveness of China's chip industry in the short term. To address these challenges, China can elevate the strategic status of the chip industry, strengthen cooperation with universities and research institutions, cultivate more chip technology talents, and actively engage in international cooperation. It can also attract international capital and technology into China's chip industry to promote innovation.
Zu Yaru also said,AIIn the future, there will be more options for chips, but this will also drive development in different countriesAIResistance and divergence points,AIThe chip supply chain can dictate how it is implementedAIThe solution has an impact, and over time, many countries will be involvedAIchips, and ultimately manufacture these chips.
He downplayed the impact of geopolitical tensions on Chinese investment, 'Technology is technology. Chip manufacturing capabilities can limit a country, but from the perspective of what these technologies can do, I believe the answer is no. Technology does not see geopolitical issues.'
Generative AI in China(AI)In a frenzy, startups and tech giants release a vast amount of products almost every day, but investors warn that the industry is about to undergo a reshuffle as costs and profit pressures increase.
* This interview was published in Reuters News Reporter: Liu Luoyan, original title: AIIt will provide great opportunities in China's economic transformation, but there are still constraints on high-end chips ">
