China’s AI revenue projected to reach US$13b on breakthroughs, adoption: Goldman Sachs
Rising cost efficiency and rapidly advancing capabilities from players like DeepSeek and MiniMax have prompted Goldman Sachs to raise its run-rate revenue forecast for China’s artificial intelligence model market by 30 per cent to US$13 billion. In a research note published on Monday, the US investment bank boosted its year-end annualised recurring revenue (ARR) projection for mainland Chinese AI models from US$10 billion, citing aggressive price cuts, technical breakthroughs and accelerating...
Record details
Published: 5 August 2026
Source: SCMP Tech (HK/CN)
Category: News
Topics: Finance, VC & PE
Retrieved: 6 August 2026
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ethics.ai (5 August 2026), “China’s AI revenue projected to reach US$13b on breakthroughs, adoption: Goldman Sachs,” evidence record 16891, https://ethics.ai/record/16891 (originally published by SCMP Tech (HK/CN)).
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