China Plots To Leap on A.I. Technologies
Asia-Pacific countries will spend $5.5 billion on A.I. technologies in 2019, an 80% increase from the previous year, according to research firm International Data Corporation. The report said "China will deliver nearly two thirds of the Asia/Pacific excluding Japan (APEJ) regional spending on AI systems in all forecast years." (Fortune)
According to the latest Worldwide Semiannual Artificial Intelligence Systems Spending Guide, Asia/Pacific* spending on artificial intelligence (AI) systems is forecast to reach nearly USD 5.5 billion in 2019, an increase of almost 80% in spent versus 2018. As industries invest aggressively in projects that utilize AI software capabilities, IDC expects spending on AI systems will increase to USD 15.06 billion in 2022 with a compound annual growth rate (CAGR) of 50% over the 2018-2022 forecast period.