Economic Development NewsFeed

China Unveils IoT-Driven Manufacturing Revamp Plan

China is planning to integrate advanced technologies such as the Internet of Things, big data, and AI into its intelligent manufacturing sector by 2025. This integration will enhance production efficiency and foster new business models and growth opportunities for enterprises, supporting China's goal of achieving high-quality economic development and elevating its position in the global value chain. Key areas of emphasis include internet-connected vehicles, the BeiDou Navigation Satellite System, low-altitude information infrastructure, biomanufacturing, the quantum industry, and embodied AI.

https://www.globaltimes.cn/page/202412/1325980.shtml

Southeast Asia Nets $30 Billion in AI Deals

South-east Asia has attracted over US$30 billion in AI infrastructure investment in the first half of 2024, solidifying its position as a key player in the global artificial intelligence landscape.

https://www.businesstimes.com.sg/opinion-features/managing-supply-chain-challenges-2025-ai-rescue

Southeast Asia Emerges as AI Powerhouse Hub

Southeast Asia is emerging as a key player in the development of artificial intelligence (AI) due to its unique combination of adaptability and strategic investments. The region's governments are investing in infrastructure, local innovation, and tailored language models, with the goal of narrowing the gap between itself and other major AI players such as the US and China.

https://www.scmp.com/opinion/asia-opinion/article/3291593/how-southeast-asia-can-become-next-ai-powerhouse?module=top_story&pgtype=section

Unisys Report: AI Fuels Business Success

A new report from Unisys claims that companies committed to investing in artificial intelligence (AI) are likely to reap sustained rewards and gain a competitive edge. According to the study, 93% of executives believe AI is essential for staying ahead of the competition, with 89% anticipating an increase in AI use over the next year. The presence of dedicated AI leadership has proven to accelerate benefits, with 86% of companies with a Chief AI Officer reporting substantial time savings. Companies that approach AI investment strategically are also more likely to experience competitive advantages, with 30% reporting a noticeable edge. Executives view AI as a long-term asset, not just a trend, and nearly three-quarters see it as a reliable source of information.

https://www.techradar.com/pro/Leaders-pushing-for-AI-investment-are-gaining-competitive-advantages