China’s AI revenue projected to reach US$13b on breakthroughs, adoption: Goldman Sachs
- Source
- South China Morning Post - Business
- Source link
- https://www.scmp.com/tech/big-tech/article/3363059/chinas-ai-revenue-projected-reach-us13b-breakthroughs-adoption-goldman-sachs?utm_source=rss_feed
- Published
- 2026-08-05 10:30:19
- Discovered by ProcIntel
- 2026-08-05 10:58:50
- Category
- Procurement & Supply Chain News
- Geography
- China
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
Rising cost efficiency and rapidly advancing capabilities from players like DeepSeek and MiniMax have prompted Goldman Sachs to raise its run-rate revenue forecast for China’s artificial intelligence model market by 30 per cent to US$13 billion. In a research note published on Monday, the US investment bank boosted its year-end annualised recurring revenue (ARR) projection for mainland Chinese AI models from US$10 billion, citing aggressive price cuts, technical breakthroughs and accelerating...
Procurement Relevance Gate
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