In a previous article on trade with China, I stated that many Israeli companies could have strong potential in the Chinese market. Over the next several days I will provide snap-shots of some of the most rapidly growing industry groups in China, which I believe could be targeted by Israeli businesses . This time:
I’m going to talk about robotic technology instead of the real AI technology which is controversial, the modern robots can now replace humans to undertake industrial manufacturing and take care of human, Foxconn, the electronics manufacturing giant frequently criticized for poor working conditions, had reportedly begun replacing its factory workers with robots.
Due to the ascending labor costs and descending robotics cost, I predict that there are more and more big manufacturers will consider robotic large-scale producing. And many relatively dangerous industries like the mining and metallurgy industry will also adopt AI technology. China has been progressively carrying out its space program, AI technology is one of the key technologies for deeper space exploration, but China is not well accomplished in this area.
On the other hand, China’s aging population needs more and more life-caring robots and medical robots, the related research and development are progressing very slowly in China, so there are some international AI leaders who are tapping into the Chinese market. Generally speaking, the prospect of AI technology is very bright along with the development and progress of its related industries including IT and bio-technology.