China’s AI revenue projected to reach US$13b on breakthroughs, adoption: Goldman Sachs
• Goldman Sachs projects that China's AI revenue will reach US$13 billion, driven by significant technological breakthroughs and increased adoption. • The bank specifically raised year-end Annual Recurring Revenue (ARR) forecasts for Hong Kong-listed firms Zhipu AI to US$2.5 billion and MiniMax to US$1 billion. • This growth is attributed to Chinese AI models reducing operational costs, enhancing capabilities, and capturing a larger share of the global token market.
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