With more than 750 million users, China has the biggest connected Internet market of the world. The country has more than 100 cities with more than 1 million inhabitants and at the same time great inefficiencies in traditional industries. Together with relatively loose data security guidelines, this environment represents the ideal basis for the emergence of new digital business models.
To give you an idea about how the Chinese robotics and AI ecosystem stack up against global competitors, STM Stieler has this handy chart.
The huge amounts of data generated here are a massive advantage for machine learning and artificial intelligence. Chinese companies have been leveraging their learning and progressing more quickly than their foreign competitors in terms of iteration of the services and speed of innovation. They are now leading in digital face and voice recognition, while DiDi Chuxing is the biggest ride-hailing provider in the world.
For Didi, the next step is using this data for the development of autonomous driving systems and intelligent traffic-flow management.
AI and robotics are among the key technologies in the Chinese government’s economic strategies. According to Beijing, the country is supposed to catch up to the U.S. in this field by 2025 and become the world leader in AI by 2030. Even if large parts of these announcements often do not become reality in the end, China’s intentions are clear.
For starters last year, China reportedly surpassed the U.S. in terms of investments in AI research for the first time.
We will know within a few years whether China’s AI strategy will succeed or not. However, so far, no other country has been as aggressive in promoting AI.
Source: Robotics Business Review