Chinese market enthusiastic about emerging technologies

Practical AI adoption, feasibility remain chief challenges, but acceptance broad

As the development of generative artificial intelligence continues to grab headlines, more value is expected to be derived from the combined use of multiple AI techniques, which may help boost businesses with different characteristics in a more pragmatic way, said an industry report.

With the original excitement beginning to wane and early adopters reporting lower-than-expected returns on investment, GenAI is showing its limitations amid some inflated expectations, according to research company Gartner's latest report of Hype Cycle for Data, Analytics and AI in China.

Despite the current fierce competition in the field, at least two-thirds of GenAI projects are expected to be abandoned by 2025 after proof of concept due to factors such as poor data quality, insufficient risk control, rising costs and unclear business value, the report said.