Reported 8 months ago
The ongoing trend of artificial intelligence (AI) is benefiting the steel industry, with companies like Yieh Hsing in China supplying AI server components and China Steel implementing various AI technologies to reduce costs and carbon emissions. AI-related industries globally are seeing positive impacts, prompting traditional sectors to embrace AI technology. Yieh Hsing's strong business performance in China, with a 25.30% increase in sales volume and a revenue growth of 3.321 billion yuan, is attributed to AI server demand. China Steel has adopted numerous AI projects, resulting in yearly benefits of 1.55 billion yuan through efficiency improvements and emission reductions. Through initiatives like the establishment of the Intelligent Innovation Promotion Committee, China Steel aims to achieve digital optimization and develop smart steel plants by utilizing AI and IoT technology.
Source: YAHOO