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China will gain the most from AI: PwC report

(People's Daily Online)    15:34, July 07, 2017

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A report by Price Waterhouse Coopers says that the greatest economic gains from AI are likely to be in China.

The report analyzes the business impact of AI, and says that AI could help the global economy grow by as much as 14 percent by 2030, the equivalent of an additional $15.7 trillion, as a result of productivity gains and increased consumer demand.

The report found that China stands to gain the most from AI, followed by North America, but that North America will experience the fastest gains as productivity in China catches up.

China is expected to pull ahead of the US in around 10 years, and AI will likely boost the country’s economy by 26 percent in 2030.

For other countries, the economic increases achieved by AI are proportional to their development levels.

The reported noted that the biggest sector gains will be in retail, financial services, and healthcare as AI increases productivity, product quality and consumption.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Shan Xin, Bianji)

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