China launches grand plan to become world leader in AI by 2030

China’s chief administrative authority is pushing for the country to become a world leader in Artificial Intelligence technology in less than 15 yearse. The State Council of the People’s Republic of China laid out its plans in a “New Generation Artificial Intelligence Development Plan” published late last week that envisions an AI industry worth $148 billion a year by 2030. In order to reach that goal, the State Council has laid out a three-step plan. Step one is to ensure China’s AI industry maintains an advanced position in terms of technology and applications, and becomes an important growth engine for the economy, worth $22.15 billion by 2020. Step two will see China’s AI industry make “major breakthroughs” and develop world-leading technologies and applications by 2025, while driving revenues of $59.07 billion. Finally, step three is intended to see China become the world’s undisputed leader in AI theory, technology and applications by 2030, as well as a global center of innovation. By that time, China also hopes, the industry will achieve its $148 billion-a-year revenue target. China’s State Council said it will support the creation of new companies and brands in areas such as drones, image recognition and natural language processing. Other target…

Link to Full Article: China launches grand plan to become world leader in AI by 2030

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