China unveils its AI ambitions

By Catherine Sturman

With recent news that China aims to become a global player in the AI industry by 2030, it is clear that the race to become the most sustainable and forward-thinking country globally is a battle which China is taking extremely seriously.

Becoming the second largest economy worldwide, China has become a lucrative market in terms of technological innovation and renewable energy solutions, with tech companies such as Apple hoping to enter what can be viewed as a difficult market, with companies such as Tencent, whose WeChat app has over 900 million users, and Alibaba Group, who has up to 450 million users, currently dominating the tech space. The country is also strenuously working on its autonomous driving vehicles in order to boost economic growth and be viewed as a force to be reckoned with.

Apple has since decided to build a local data centre in China to operate in accordance with its cybersecurity and data storage rulings.

The increased investment in AI is one way to ensure China is seen as a global power, with Tencent Holdings, Alibaba Group and Baidu Inc, amongst others, placing significant investments within self-driving cars and AI technology, which will further impact the way individuals work, reducing labour costs and increasing productivity.

The State Council for the Peoples Republic of China, has released a statement, explaining that “China has huge market potential for AI development. By 2020, the scale of core industries of AI will exceed 150 billion yuan. By 2025, that number will become more than 400 billion yuan as AI is widely applied in intelligent manufacturing, medical care, city development and agriculture.”

The guideline brought up six topics, including establishing a cooperative AI innovation system, cultivating a high-end intelligent economy, building a secure and convenient intelligent community, exerting AI’s power to support the military, constructing intelligent infrastructure and planning major AI projects.”

China has now become the largest market for electric vehicles and robotics. As the country plans to diversify its manufacturing capabilities, alongside the implementation of IoT and cloud services through their AI ambitions, it will also further China’s ability to become a key player in other industries, such as pharmaceuticals, with a strong logistic and distribution capabilities.

Share
Share

Featured Articles

Create C-suite space for the Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 AI predictions for the enterprise in 2023 – Dataiku

With 2023 likely to be a huge year for AI, experts from AI platform provider Dataiku deliver their enterprise AI and ML trends for the year ahead

Welcome to the new breed of private members' clubs

The pandemic has given birth to a new breed of private members’ clubs where work and play merge, membership and spaces are curated, and community matters

Welcome to the New Age of the CISO

Leadership & Strategy

Making the UAE the world’s strongest digital fortress

Technology

World Mental Health Day – 10 apps to improve wellbeing

Leadership & Strategy