Beijing: China's artificial intelligence (AI) sector has recorded robust growth, with the number of enterprises surpassing 5,300 as of September, accounting for 15 percent of the global total, according to the China Academy of Information and Communications Technology.
According to Emirates News Agency, the industry's scale exceeded 900 billion yuan (approximately US$126.7 billion) in 2024, marking a year-on-year increase of 24 percent. The country's AI sector has established a complete industrial chain spanning the foundational infrastructure, model architecture, and industry applications. In 2024, the revenue of these three segments increased 54%, 18%, and 13% year-on-year, respectively, according to the academy.
It added that smart hardware represented by AI-powered phones, computers, and cars is experiencing rapid growth. China has made sustained efforts to promote the digital economy's transformation into a smart economy and an intelligent society. Earlier this year, the country published a set of guidelines on deeply implementing the "AI Plus" initiative, aiming to strengthen AI supportive infrastructure and accelerate the integration of AI technology across economic and social domains.