The government of China has announced that its aim is to become world’s leader in AI in next ten years. The government would support and invest in Chinese companies aiming to grow AI industry by developing self-driving cars, visual dictionaries, and facial- and speech-recognition software
As per a cabinet statement on Thursday, Artificial Intelligence is considered essential by Communist leaders to make China economic Super Power. To ensure breakthroughs by 2025 developing talents, research and educational resources are necessary; this would enable China to become the world leader by 2030.
Communist leaders hope to change China from a land of factory and farmer labors into a technology tycoon. There are fields that are emerging and gaining popularity like renewable energy, robotics, and electric cars along with AI. China wants to lead in these fields.
Tencent Ltd., Baidu Inc., Didi, and Alibaba are three Chinese companies that are investing heavily on AI specifically in driverless cars, consumer finance, e-commerce, and similar other applications.
In order to cope with increasing demand for labor
Manufacturers also are installing robots and other automation to cope with rising labor costs and improve efficiency.
Financial commitments or legal procedures of this announcement were not given but it was said in the statement that till 2030 China will lead the world in artificial intelligence philosophy, expertise, and application and would become the center of artificial intelligence revolution. This would enable China to become the most innovative and powerful country financially, strategically and technologically.
It also follows a plan announced in 2015 called Made in China 2025,” through which China supplied high tech elements to information technology, pharmaceuticals, and aerospace sectors.
In 2009 Beijing announced that it would become a pioneer in electric cars with the sale per year of 5 million till 2020. Through the aid of generous subsidies, China did beat the US last year becoming the biggest market, though total sales were just over 300,000.