AI-big data era set to bring many benefits for firms

Artificial intelligence and big data, two technologies China is avidly embracing, will drive a renaissance in hardware development and investment, according to a senior industry executive. China is working on new ways to improve chip performance, power and costs for AI applications, which will present huge opportunities for companies laying the foundations for such technological breakthroughs, said Gary Dickerson, president and chief executive officer of Applied Materials Inc, a leading semiconductor and display equipment company. The US-based company’s sales hit $5.1 billion last year in China, tripling from 2015 to 2018. And that figure represented 30 percent, or the largest proportion, of revenue worldwide. Applied Materials is ranked the largest semiconductor equipment supplier by market share, claiming 23.8 percent by the first quarter of 2018, according to a study by the Information Network published late last year. Its customers include manufacturers of semiconductor wafer and integrated circuits, flat panel liquid crystal displays, solar photovoltaic cells and modules, and other electronic devices. According to Dickerson, AI and big data have the potential to transform entire industries and create trillions of dollars of economic value. But that also poses challenges for infrastructure makers, because building global AI infrastructure using current technology requires… Read full this story

AI-big data era set to bring many benefits for firms have 300 words, post on www.chinadaily.com.cn at April 3, 2019. This is cached page on Vietnam Art News. If you want remove this page, please contact us.