Media365
According to Frost & Sullivan’s latest report on China’s AI market released on Thursday, the nation has made quick progress in getting more industries to adopt the relevant AI applications.
“AI applications are evolving from general capabilities to scenario-specific deployment,” the report said. It pointed out that the country’s finance, government, telecommunications and healthcare sectors have each achieved an average AI penetration rate in excess of 60 per cent.
The government sector saw the highest adoption rate of 95 per cent, followed by finance with a 78 per cent rate.
The trend has emerged amid a substantial decline of model training costs, which has lowered the barrier to entry for pursuing AI projects, according to Wang. Training costs have seen a 90 per cent drop this year when compared with 2024, he added.
