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The global AI market is experiencing explosive growth. According to the latest research report, the global artificial intelligence (AI) market size is expected to soar from $273.6 billion in 2023 to $5.26 trillion by 2035, with a compound annual growth rate of 30.84%. This forecast highlights the significant impact of AI technology on the global economy over the next decade.

Market Growth Forecast - A latest industry report shows that the global artificial intelligence (AI) market size is expected to grow from $273.6 billion in 2023 to $5.26 trillion by 2035, with a compound annual growth rate as high as 30.84%. This figure highlights that AI technology will continue to maintain rapid development over the next decade.

The latest research report shows that artificial intelligence (AI) technology is accelerating commercialization worldwide, with the market size expected to exceed $5.26 trillion by 2035. This data indicates that the AI industry is on the verge of exponential growth, with finance and healthcare becoming the core drivers of this growth. The market size will see explosive growth, soaring from $273.6 billion in 2023 to $5.26 trillion by 2035, with a compound annual growth rate of 30.84%.

Recently, the Shanghai University of Finance and Economics held the 'Kuangshi Financial and Economic Education Large Model' Release Conference and Digital Intelligence New Financial Forum in Shanghai. This innovative intelligent education platform was officially launched. The large model aims to accurately meet the diverse needs of financial education, marking an important step for the school in deeply integrating financial education with artificial intelligence (AI). Professor Zhang Liwen from the College of Statistics and Data Science at the Shanghai University of Finance and Economics introduced that this large model fully relies on the school's rich financial discipline background and advanced technological exploration, aiming to build a service platform for various types of financial education.

At the 2025 Intelligent Economy Forum, Shen Dou, Executive Vice President of Baidu Group, announced that Baidu Smart Cloud has launched a new large model for the financial industry called Qianfan Smart Finance. This move marks Baidu's deep involvement in the financial sector, aiming to provide more precise and efficient artificial intelligence solutions for financial institutions. Shen Dou pointed out that 65% of Central SOEs have chosen to work with Baidu Smart Cloud, demonstrating the strong market demand for smart cloud technology. Building an industry-specific large model is a complex process that not only requires a strong technical foundation but also...

Ant International officially launched its AI-as-a-Service (AIaaS) platform - Alipay+ GenAI Cockpit. This new platform is designed to empower fintech companies and super apps in building AI agents and AI-native financial services. It combines automated workflows with intelligent task orchestration, covering key fintech processes such as payment orchestration, customer guidance, compliance checks, fraud detection, dispute resolution, and performance optimization. This marks an important step in the practical application and scalability of intelligent agents in the financial industry. Financial future...

Recently, Yiren Digital (NASDAQ: YRD) announced that its self-developed Zhiyu large language model has officially completed registration in accordance with the relevant provisions of the "Interim Measures for the Management of Generative Artificial Intelligence Services." This news marks a significant step for Yiren Digital on the path to AI technology compliance and lays a solid foundation for its intelligent applications in the financial field. As a leading AI-driven financial service provider in China, Yiren Digital is driving industry transformation through technological innovation. Image Note: Image generated by AI, image authorized by Midjour.

HCLTech recently announced the launch of its new subsidiary, HCLTech Public Sector Solutions (PSS), focused on driving AI-powered digital transformation for US government agencies. The subsidiary will serve state and local governments, education organizations (SLED), and federal civilian and defense agencies, leveraging HCLTech's decades of experience in comprehensive technology solutions. This move further strengthens HCLTech's expansion in the public sector, building on the foundation laid by the establishment of a dedicated team in November of last year.

A recent parliamentary committee report highlights significant challenges facing the UK public sector in adopting AI technologies, despite rapid advancements across various sectors. The report emphasizes outdated technology and a lack of digital skills as major hurdles to AI transformation. Many government bodies, it notes, remain at a low level of digital maturity, with existing infrastructure ill-equipped to support modern AI applications. Furthermore, a shortage of appropriately skilled personnel...

Another chapter in the expansion of Silicon Valley tech giants! Elon Musk's xAI company today announced the acquisition of Hotshot, a startup focused on AI-powered video generation. This strategic acquisition will inject new vitality into xAI's multimodal AI technology. Hotshot CEO Aakash Sastry officially announced the news on the X platform, but did not disclose the specific transaction amount. Previously backed by investors including Reddit co-founder Alexis Ohanian and SV Angel...

According to Bloomberg, Meta officially launched a layoff plan on Monday, targeting primarily 'underperforming' employees. At the same time, Meta is actively seeking new talent to strengthen its position in the artificial intelligence market. The layoffs will affect approximately 3,600 employees, accounting for 5% of Meta's total workforce. Affected employees were notified via email. U.S. employees will receive severance packages that include 16 weeks of pay and additional compensation based on their years of service.

On January 22, 2025, NetEase Youdao officially released the first inference model in China that supports step-by-step explanations, 'ZiYue - o1'. This model features a design with 14 billion parameters, enabling efficient deployment on standard consumer-grade graphics cards, marking a significant advancement in the application of artificial intelligence technologies in the domestic education sector. 'ZiYue - o1' utilizes Thinking Chain technology and incorporates self-dialogue and error-correction mechanisms, allowing it to output detailed thinking processes when solving problems. This way, students not only receive answers but also understand the logic behind problem-solving.

The latest report reveals the deep concerns Americans have about their personal finances. 45% of Americans express worry about their financial situation, particularly regarding insufficient retirement savings (68%), rising living costs (56%), and debt management issues (45%). Meanwhile, 62% of American workers report that financial hardship has led to moderate to severe anxiety. Currently, inflation and rising living costs (62%) are the primary financial issues, followed by credit card debt (34%), housing costs (31%), and medical expenses (25%).