Chinese internet giants set to reap artificial intelligence profits in 2 to 3 years: UBS
“UBS analysts say that internet platforms with vast data and large user bases will account for a larger share of artificial intelligence profits in the next two to three years. Although macro unfavorable conditions have led investors to be cautious about the aggressive AI spending by Chinese tech giants, and the weak macro environment in the second half of the year along with investments in hardware infrastructure will dampen short-term profits, the industry power structure is changing,” said UBS analysts.