Beijing's AI industry will surpass $412B in 2024, whitepaper reveals

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Beijing's AI industry will surpass $412B in 2024, whitepaper reveals

Beijing's artificial intelligence industry is projected to surpass 3,000 billion yuan, equivalent to approximately $412 billion, by 2024. This growth, highlighted in a recent whitepaper, indicates a 12% year-on-year increase and showcases Beijing's leadership in AI talent and research output. The report emphasizes the competitive landscape, with the U.S. and China leading advancements in generative AI and large models.

The whitepaper reveals that Beijing is home to around 2,400 AI enterprises, with 46 publicly listed companies valued at over 4.3 trillion yuan. Significant investments are being made in mainstream and disruptive technologies, including brain-inspired intelligence and photonic computing. The city is also enhancing its educational infrastructure, with an increase in universities offering AI-related courses, further solidifying its position as a global AI hub.

• Beijing's AI industry projected to exceed $412 billion by 2024.

• The city leads in AI talent and research output.

Key AI Terms Mentioned in this Article

Generative AI

Generative AI refers to algorithms that can create new content, such as text or images, based on training data.

Large Models

Large models are advanced AI systems that require significant computational resources and data to function effectively.

Unicorn Firms

Unicorn firms are privately held startups valued at over $1 billion, indicating significant market potential.

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