By 2025, Global Artificial Intelligence (AI) Market to Reach $380 Billion: Huawei

Shanghai: By 2025, the global Artificial Intelligence (AI) market is expected to reach $380 billion, 90 per cent of which will come from the enterprise market, a Huawei official said here. “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. He said 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. (IANS)