China’s Got a Huge Artificial Intelligence Plan

China aims to make the artificial intelligence industry a “new, important” economic growth driver by 2020, according to a development plan issued by State Council. Policy makers want to be global leaders, with the AI industry generating more than 400 billion yuan ($59 billion) of output per year by 2025, according to the announcement from China’s cabinet late Thursday. Key development areas include AI software and hardware, intelligent robotics and vehicles, virtual reality and augmented reality, it said. Chinese AI-related stocks advanced Friday. CSG Smart Science & Technology Co. climbed as much as 9.3 percent in Shenzhen, while intelligent management software developer Mesnac Co. surged by the 10 percent daily limit. Exclusive insights on technology around the world. Get Fully Charged, from Bloomberg Technology. AI will have a significant influence on society and the international community, according to an opinion piece by East China University of Political Science and Law professor Gao Qiqi published Wednesday in the People’s Daily, the flagship newspaper of the Communist Party. AI will contribute as much as $15.7 trillion to the world economy by 2030, according to a PwC report last month. That’s more than the current combined output of China and India. — With assistance by Xiaoqing…

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