Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

When seen through the lens of technology, few resources are truly scarce; they’re mainly inaccessible. 

 

Peter Diamandis

China: Artificial intelligence given priority development status

RATE THIS! +38
Posted in Hardware on 18th Mar, 2017 07:17 AM by Alex Muller

China has pledged to prioritise the development of AI within the government’s latest annual work report, underlining its ambition to lead what has fast become one of the hottest areas of innovation. One analyst is now projecting the industry in China to grow by more than 50 per cent in value to $5.5 billion by 2018.

 

“We will implement a comprehensive plan to boost strategic emerging industries,” said Premier Li Keqiang in his delivery at the annual parliamentary session in Beijing over the weekend.
 
“We will accelerate research & development (R&D) on, and the commercialisation of new materials, artificial intelligence (AI), integrated circuits, bio-pharmacy, 5G mobile communications, and other technologies.”
 
Artificial intelligence, which focusses on creating machines that work and react like humans, will create the next industrial revolution and China and “should grab the opportunity to overtake other global competitors” in the field, added Zhou Hanmin, a member of the Standing Committee of the Chinese People’s Political Consultative Conference, the nation’s top political advisory body, during the “two sessions”.
 
Larry Cao, director of content for the CFA Institute, in response to Premier Li’s remarks on artificial intelligence, warned R&D and commercialisation “are high risk and often long term in nature” but that government backing will go a long way to paving the way for the industry to develop fast.
 
“If the government provides strong funding support, it will give China an edge in this competitive field,” said Cao.
 
This increased state support for AI will fuel an industry that could grow to 38 billion yuan in market size by 2018 from 24 billion yuan last year, according to the estimate by Beijing’s CCID Consulting Company in a recent research report, that would represent a massive 60 per cent growth in just two years.
 
The National Development and Reform Commission, China’s top economic planner, has already given the green light to the creation of 19 national engineering labs this year, three of which are dedicated to AI research and application, including deep learning, brain-like intelligence, virtual reality (VR) and augmented reality (AR) technologies.
 
“The tech world is shifting from a ‘mobile’ to an ‘artificial intelligence’ era, driven by deep learning, big data, and graphics processing units (GPUs), all of which accelerate the ability to compute,” said Rex Wu, an equity analyst for Jefferies.

Tags: AIdeep learningmachine learningsoftwareneural network

Read original article » Back to category

Comments

Author: Guest
Posted: 2017-03-18
+1
AI will be changing everything we do and bring huge differences to countries that endorse it now - this is great investment with most rewarding benefits
1 Replies
Author: Guest
Posted: 2017-03-18
+1
China is already at advance stages to further develop and endorse AI as a leading power in this area - US is also making big investments but Europe as a whole is lagging... Reply
Reply


 

Recent headlines

  • Posted in Business on 2017-11-22 23:55:15
    How to Use Technology to Help You Become Debt-Free..read more
    Posted in Medicine on 2017-11-22 23:49:31
    Patients On Medical Cannabis More Likely To Quit Opioids,.....read more
    Posted in Business on 2017-11-22 23:45:56
    Samsung to establish an AI research hub..read more
    Posted in Medicine on 2017-11-21 09:01:15
    High Incidence of PTSD Among Cancer Patients..read more
    Posted in Science on 2017-11-21 08:56:02
    Human Memory Enhanced With a Brain Implant For the First.....read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    Martian landscapes formed from sand 'levitating' on a little.....read more
    Posted by AlexMuller
    Scientists detect comets outside our solar system..read more
    Posted by AlexMuller
    Advanced artificial limbs mapped in the brain..read more
    Posted by AlexMuller
    Bacteria have a sense of touch..read more
    Posted by AlexMuller
    Recurrent brain cancer: New hope with phase 1 clinical trial.....read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me