BEIJING: Chinese companies are accelerating the adoption of generative artificial intelligence, as the cutting-edge disruptive technology presents a significant opportunity for enterprises to boost operational efficiency, remain competitive and navigate the complex business landscape, according to a new report released by global consultancy Accenture.
The report said that 87 percent of the surveyed Chinese companies plan to ramp up AI investment in 2025 — a year of rapid change — while 58 percent of the interviewed business executives in China feel that their enterprises’ AI development is proceeding faster than initially expected.
Chinese enterprises’ current investment in generative AI is mainly concentrated on core technology infrastructure and data, such as AI platforms, cloud and data management, and talent and skills development, Accenture said in the report.
The top three reasons for higher investment in generative AI that Chinese company executives cited are capitalizing on advances in the technology, maintaining business competitiveness and increasing confidence in managing associated business risks, according to the report.
The top three areas in which the surveyed companies plan to implement generative AI in 2025 are information technology, engineering and manufacturing, and research and development, the report added. Chinese executives’ primary focus for investment in generative AI is creating new AI-powered products or services.
Generative AI refers to computer algorithms trained with huge amounts of data capable of generating content such as images, text, audio and video in a human-like fashion. It is the key technology underpinning United States-based research company OpenAI’s ChatGPT. –The Daily Mail-China Daily news exchange item
