More capital in digital field key to transformation

A humanoid smart robot works at an auto production facility in Ningbo, Zhejiang province. More companies in China will increase investments in digital technologies and drive continuous transformation through advanced technologies led by artificial intelligence, as generative AI can unlock an additional $2.86 trillion in economic value in China by 2038, according to a new report released by global consultancy Accenture. The report found that nearly 60 percent of surveyed Chinese companies intend to invest more in digital transformation projects, up from 53 percent last year. Accenture also showed that generative AI can unlock an additional $2.86 trillion in economic value in China by 2038, provided Chinese companies take a holistic and people-centric approach to deploying the technology. Yu Yi, technology lead at Accenture Greater China, said as companies strive to stay ahead and adapt to fast-changing markets, they are increasingly turning to AI to fuel their innovation efforts, adding the proportion of Chinese companies that boost investment and application of AI is rising dramatically.