smart manufacturing – Charm

AI and smart manufacturing come to the fore as multinationals face cost hikes: StanChart

Cs news8 months ago02 mins

Three in five multinational companies expect costs to rise due to ongoing geopolitical uncertainties, which is spurring their adoption of artificial intelligence and smart manufacturing to offset financial pressure, according to a Standard Chartered survey on Wednesday. About 62 per cent of top executives surveyed predicted cost increases of 5 to 14 per cent in…

China to invest $140 billion in robotics and high-tech innovation over 20 years

Cs news12 months ago05 mins

China’s National Development and Reform Commission plans to set up a state-backed venture capital fund focused on robotics, AI and cutting-edge innovation. The long-term fund is expected to attract nearly 1 trillion yuan (approximately $140 billion) in capital from local governments and the private sector over 20 years. This initiative aims to continue China’s technology-driven…