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Industry

China's AI industry sees scale up 15.1 pct on-yr in 2020, institute

January 28, 2021


Abstract : China's artificial intelligence (AI) industry saw its scale expand 15.1 percent year on year to 303.1 billion yuan in 2020, accounting for nearly 30 percent of the global market.

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A staff member demonstrates 5G-based remote control of a robot during the 2019 World Artificial Intelligence Conference (WAIC) in east China's Shanghai, Aug. 29, 2019. (Xinhua/Fang Zhe)

BEIJING, Jan. 28 (Xinhua) -- China's artificial intelligence (AI) industry saw its scale expand 15.1 percent year on year to 303.1 billion yuan in 2020, accounting for nearly 30 percent of the global market, reported Economic Information Daily on Thursday quoting data released by the data research center under the China Academy of Information and Communications Technology (CAICT).

Last year's growth was mainly contributed by application programming interface (API) of AI open platforms, according to a report on China's AI development in 2020 unveiled by iResearch.

The research institute projected that the AI industry in China may hit the scale of over 450 billion yuan by 2025, with AI start-up companies taking up 30 to 45 percent share of the market.

CAICT held it that driven by AI technologies, a new round of sci-tech revolution and industrial upgrading is going underway, offering more opportunities for innovation.

The key development areas of AI in the next decade may include reinforcement learning, neuromorphic hardware, knowledge graph, intelligent robots, explainable AI, digital ethics, and natural language processing, according to a report on AI development from 2011 to 2020 recently released by Tsinghua University.

China has issued a series of policies in recent years to support AI development, as the country vowed to make major breakthroughs in AI theories by 2025, and become one of the world's major AI innovation hub by 2030. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)

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Keyword: China's AI industry

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