Huawei bets on artificial intelligence

11/10/2018

 

The reason is to be sought in the perspective of long-term profit

 

Investments in the development of artificial intelligence technology will not stop. This is confirmed by Huawei Technologies, the world’s largest provider of telecommunications equipment.

The reason for this position, repeatedly reiterated by the company, must be sought in the perspective of long-term profit promised by artificial intelligence. In fact, the adoption of IA technologies will not only make products smarter and improve the efficiency of internal management, but could contribute up to 90% of total income.

Huang Weiwei, a senior management consultant at Huawei, said: “A huge investment in top AI talent will inevitably bring big cost pressures for the company but in the long run there will be benefits as the improved efficiency and productivity will help the company to earn even bigger profits”.

 

China has emerged as one of the world’s leading actors in the IA

 

The bet, however, was not just that of Huawei, the number of AI companies in China, in fact, reached 1,011 in June this year, accounting for about a quarter of the total 4,925 artificial intelligence companies globally.

And it is also one of the reasons why China has emerged as one of the world’s leading actors in the IA, which promises to revolutionize everything from healthcare to police. Government action was certainly crucial, and the State Council last July traced a three-step map for AI supremacy.

 

In China, about 60% of artificial intelligence talent is employed by companies based in Beijing

 

According to statistics compiled by Maimai.cn, the rival Chinese company of professional global networking LinkedIn, in China, about 60% of artificial intelligence talent is employed by companies based in Beijing, followed by 11.3% of Hangzhou and 9.3% of Shanghai.

Shenzhen – where Huawei, Tencent Holdings and ZTE Corp are located – ranked fourth with 8.5% of the national talent for artificial intelligence.

 

The world of AI has developed a well-defined salary growth

 

The continuing demand for AI talent has also greatly inflated wages for industry professionals in China, with an average monthly salary of over 25,000 yuan ($ 3,616) over the three years following graduation.

For those who have worked in the field of artificial intelligence for more than 10 years, mean monthly salaries exceed 50,000 yuan.

 

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