From state to BAT, China backs startups for global AI dominance

China

5 min read

Jul 12, 2018

By Wang Xiao'e

Photo by lOvE lOvE/Shutterstock.com

Finance, automobile, retail and healthcare seen to lead China’s advances and gains in AI, as part of a RMB 10 trillion economy by 2030

The world’s most populous nation is in the race to also become its “smartest.”
A huge population; top-notch IT talent; diverse industries; and a thriving mix of e-commerce, mobile payments and social networks all feed into a massive pool of data for China to become an AI heavyweight. Such deep resources make it easy for China-based AI companies to invent and test new concepts and products.
China expects innovation in artificial intelligence to transform local industries worth a total of RMB 10 trillion (US$1.5 trillion) by 2030, according to the 2017 report Chin...

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