China’s AI industry ready to lead the world

Artificial intelligence (AI) technology is widely seen as the next frontier of innovation and growth, expected to be the biggest driving force in human history in the next 30 to 50 years with China assuming world leadership. [Xinhua] Artificial intelligence (AI) technology is widely seen as the next frontier of innovation and growth, expected to be the biggest driving force in human history in the next 30 to 50 years with China assuming world leadership. With its considerable strength in AI research and development, it has become a powerhouse of innovation in deep learning, sensors, predictive maintenance, medical imaging and intelligent robotics. According to the Wuzhen Institute in Hangzhou, China was the world’s second biggest investor in AI enterprises last year, injecting US$2.6 billion into the sector compared to America’s US$17.9 billion. That still leaves a big gap, but China is rapidly catching up. According to a report by the China Internet Network Center in late January, as of December 2016, China had 731 million Internet users, equal to the population of the European Union, with an Internet penetration rate of 53.2 percent. Chinese internet users are highly responsive to new technologies. This creates a clear edge in artificial intelligence…


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