There are more than 4,400 artificial intelligence (AI) companies in China, with the core industry reaching a scale of 500 billion yuan (US$68.87 billion), as AI has become an important driving force and strategic technology for a new round of technological revolution and industrial transformation, according to a report released on Thursday.

Based on independent innovation, China has established AI technology systems, industrial ecosystems and business alliances in areas including smart chips, large language models (LLM), operating systems and deep learning platforms, as indicated by the report released by the China Institute of New Technologies. Next Generation AI Development Strategies at the 2024 World Intelligence Expo in Tianjin Municipality, North China.

“Since 2022, AI development in China has entered the Artificial General Intelligence (AGI) phase led by LLMs, giving a strong boost to the entire economy,” Liu Gang, chief economist at the institute, told the Global Times on Thursday. fair.

AI has not only contributed to the transformation and modernization of traditional industries, but also driven the development of emerging industries. As a result, technology empowers China’s production and helps improve the economic structure, contributing to the country’s economic transition to compact development from a previous extensive development model, Liu said.

The total scale of China’s core AI industry reached 578.4 billion yuan at the end of 2023, an increase of 13.9% year on year. Cities and provinces including Beijing, south China’s Guangdong province, Shanghai, and east China’s Zhejiang and Jiangsu provinces showed stronger competitiveness in the sector, according to the report.

China has attached great importance to the development of AI in recent years to transform itself into an important global AI innovation center. Technologies such as facial recognition, voice recognition, intelligent robots, virtual reality and driverless vehicles have been widely used in various application scenarios.

In the realm of autonomous driving, AI-powered vehicles can automatically choose the optimal route, maintain a suitable speed, and smoothly navigate complex road sections. In the medical sector, AI-enabled surgical robots can help increase the precision and accuracy of operations, which contributes to reducing post-operative pain and shortening hospital stays.

Via Global Times


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