How China’s AI experts can beat Google and Microsoft at their own game by 2030
Edward Tse and Jackie Wang say China is more than capable of reaching its goal of global AI leadership, but it will require a change in mindset to carry out and support groundbreaking research, not just follow existing technology
According to The Economist, from 2012 to 2016, Chinese AI companies received US$2.6 billion in funding while US peers received US$17.9 billion, but this is quickly changing. China, earlier seen as a technology development laggard, is now grasping AI as an opportunity to leapfrog foreign peers.
Over 40 per cent of the top AI-related academic papers published worldwide in 2015 had at least one or more Chinese researchers. Chinese AI-based patent applications grew 186 per cent between 2010 and 2014, a huge increase from the previous five-year period. Also, in the past two years, all the top-performing teams in the ImageNet Large Scale Visual Recognition Challenge, an influential AI computer vision contest, were Chinese, while half the teams were Chinese-based.
World dominance in three steps: China sets out road map to lead in artificial intelligence by 2030
Beijing’s declared goal for Chinese companies to become global leaders in AI technology by 2030 sets the stage. This goes hand in hand with China’s latest five-year plan, which defines science and technology research as a strategic priority.
Various Chinese provinces and cities are also offering preferential policies and generous financial incentives to AI start-ups. For example, the city of Shenyang has set up an investment fund of 20 billion yuan (HK$23.4 billion), focusing on robotics development.
These favourable policies have inspired innovations from both smaller firms and internet giants in China. Leading players such as Baidu, Alibaba and Tencent, rising start-ups like Megvii, iCarbonX, Mobvoi and SenseTime, and unicorns like Didi Chuxing and Xiaomi are all investing in or experimenting with AI technology.