AI to be ‘a key driver for China’s modernisation,’ Huachuang Securities says, joining Morgan Stanley, UBS and others in optimistic outlook
“AI will probably become a key driver for China’s modernisation,” said Yao Pei, an analyst at Huachuang Securities, in a report this month. “There are lots of catalysts for AI, and AI is expected to penetrate into every industry,” notably electronics, computing and media, Yao said.
Unlike the US, which had an edge in AI computing, China was focused on efficiency – emphasising revenue generated by AI-enabled offerings and cost savings achieved through high productivity, the US investment bank said.
