Artificial intelligence (AI) has come to occupy an important role in Beijing’s ‘Made in China 2025’ blueprint. China wants to become a global leader in the field by 2030 and now has an edge in terms of academic papers, patents and both cross-border and global AI funding.
In 2017, China published its “Next Generation Artificial Intelligence Development Plan”, which laid out plans to ultimately become the world leader in artificial intelligence, with a domestic AI industry worth almost US$150 billion. The first step of that plan is to catch up with the US on AI technology and applications by 2020.
China now dominates AI funding. Last year, 48 per cent of total equity funding of AI start-ups globally came from China, compared to 38 per cent funded by the US, and 13 per cent by the rest of the world. This is a significant jump from the 11.3 per cent of global funding China made in 2016.
No comments:
Post a Comment