BEIJING, April 9 (Xinhua) -- China's artificial intelligence (AI) market value is expected to reach 26.44 billion U.S. dollars in 2026, an industry report showed.
The AI-Chemist system performs a chemical experiment at a laboratory in the University of Science and Technology of China in Hefei, east China's Anhui Province, Oct. 21, 2022. (Photo: Xinhua)
The report projected the compound annual growth rate of China's AI market to surpass 20 percent during the 2021-2026 period.
Optimistic about the long-term expansion of China's AI market, IDC emphasized the importance of innovation and upgrading of AI technology in promoting the better landing of application scenarios.
Enterprises' enthusiasm for digital transformation will also stimulate diversified demand in the Chinese market, it said.