Thereis a number that floats around Washington, DC, circles about how much the Chinese government is projected to spend on AI: $70 billion by 2020, up from an estimated $12 billion in 2017. The
However average spending is a fair amount higher at $100,000. This is because the average is calculated by adding up all the expected retirement spending amounts and dividing by the total number of users. Higher expected spending amounts, some in excess of $300,000 per year, skew the average calculation upwards.800.67B 1960 1970 1980 1990 2000 2010 2020 2 4 6 8 % of GDP 3.48% 2021 1960 1970 1980 1990 2000 2010 2020 Data Source: World Bank . 69 476 442 383 256 306 430 174