China Artificial intelligence (AI) is now an important part of Beijing’s “Made in China 2025” project. China wants to become a world leader in this field by 2030 and now has an advantage in terms of academic documents, patents, and international and cross-border AI financing.
In 2017, China released its “Next Generation Artificial Intelligence Development Plan”, which plans to become the world’s leading artificial intelligence company, with a national AI sector of nearly $ 150 billion. The first step in this plan is to catch up with the US on AI technology and applications by 2020.
China Artificial Intelligence will now dominate funding. Last year, 48% of the total equity financing of American start-ups came from China, compared with 38% of the United States and 13% of the rest of the world. This is a significant leap from the 11.3% of global financing in China in 2016.
In the early 2000s, China began building a high-speed rail network that, according to the government, would stimulate technological development and improve the country’s transportation system. This rail network is today one of the most advanced in the world. There is a good reason to believe that the country can realize its vision of the supremacy of AI.
Plan Of China Artificial Intelligence
China artificial intelligence has a three-step plan: first, it must be able to keep pace with all major AI technologies and their applications by 2020. The second step will be to achieve major breakthroughs by 2025. part of the plan – the creation of China as a world leader in the field of AI by 2030.
What is AI?
Systems that can think for themselves and adopt different types of machine learning
Systems that require minimal human intervention to learn from data to make accurate predictions
A type of machine learning able to adapt to new data and train its systems to learn by themselves and to recognize patterns
How Artificial Intelligence Is Applied
Dermatology is one of the first health disciplines to adopt AI. Using computer vision and AI analysis, the software can identify 90% of the 700 most common diseases in outpatients.
Although China has the largest automotive market in the world for both conventional and electric vehicles, it still lags behind the United States in the development of driverless vehicles for the road. The Chinese government has set a target of establishing an integrated sensor and chip manufacturing industry worth more than US $ 1.4 billion by 2020.
According to Bernstein Research, China manufactures more than 90% of the world’s smartphones, 65% of all personal computers and 67% of smart TVs. But the country imports most chips for these devices, worth $ 260 billion last year.
Chinese national banks are testing AI applications for wealth management and fraud prevention. The Chinese advisory board market – platforms offering algorithmically-based automated financial planning – is expected to be the largest in the world by 2020. At the global level, the segment is expected to grow to $ 6.5 trillion by 2025, against 100 billion USD in 2016, according to McKinsey.
China is developing a facial recognition system with a database of 1.3 billion identity photos that can be matched in seconds, with a 90% accuracy rate. This program could eventually feed the Chinese social credit system: a measure to measure the “reliability” of citizens. SenseTime has recently become the best AI start-up in the world. The company is leading the Chinese ambition to dominate the world’s artificial intelligence.
In 2017, 42% of global e-commerce transactions took place in China, more than France, Germany, Japan, the United Kingdom, and the United States combined. Large retailers have adopted online stores, which can recommend products and predict when users will need certain products based on their history and online behavior. In 2017, Alibaba achieved a turnover of US $ 25.3 billion in 24 hours, mainly due to AI, machine learning and cloud computing.
According to the International Federation of Robotics, the Chinese robot market is expected to grow at an average annual rate of 23.4 percent over the next four years, to 2019, much faster than global shipments by 13 percent. Chinese robot manufacturers aim to supply 50% of the domestic market by 2020 and increase to 70% by 2025.
Workflow Human And Robot
A recent MIT study states that groups of humans and robots working together are more efficient than teams made up entirely of humans or robots. When humans work alongside robots, they are able to reduce human inactivity by 85%.
China Artificial Intelligence Validation To Start
There are more than 3,000 AI start-ups worldwide, and this continues. The United States leads, followed by China, Israel, Great Britain, and Canada.
AI race in China
The China artificial intelligence industry has grown by 67% over the past year and has produced more patents and research papers than the US. This is despite the fact that they have access to about a fifth of American talent. China also has an advantage over the United States for the application of AI technology in specific areas such as uninhabited retail and medical diagnostics.