Huawei Expects Global AI Market to Reach $380 Billion by 2025

Huawei, the Chinese telecom gear maker and smartphone handset manufacturer is expecting the global Artificial Intelligence (AI) market to reach $380 billion by 2025 of which 90% will come from the enterprise market. “Naturally, we believe that industry applications will be key to the success of AI over the next decade,” William Xu, Director of the Board and Chief Strategy Marketing Officer, said in his keynote address on the second day of the Huawei Connect 2018. Yesterday, at the same event, Huawei unveiled two new AI chips for data centres and smart devices. It’s worth noting that Huawei is one of the largest players who’s betting big on AI.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

huawei-global-ai-market

The offline also added that Huawei plans to support one million AI developers and partners over three years. “Helping industries go digital is not something that any company can do on its own. To effectively go digital, industries and industry organizations need to work together,” he said.

Elaborating the company’s strategy, Xu said that Huawei led the establishment of a platform that helps bring together industry organisations from across the globe, as reported by IANS. “This GIO platform aims to facilitate communication and collaboration between industry organisations, with the ultimate goal of collectively helping industries go digital faster.

“Huawei’s vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world,” he said. Xu said that by creating a synergy between platforms, AI, and the ecosystem, “we are doing what we can to speed up the arrival of the intelligent world”.