China builds up 592 AI enterprises
Print Edition
CHINA has made progress in the development of artificial intelligence, with the number of AI firms reaching 592 as of June 2017, a report said yesterday.
In 2016, China saw 30,115 applications for AI-related patents, said the 41st China Statistical Report on Internet Development, which was released by the China Internet Network Information Center.
As of December 2017, there were 77 “unicorn companies” — private startups valued at over US$1 billion — in Internet and information industries in China, the report said.
Over 30 percent of these “unicorns” were e-commerce or Internet finance businesses, while culture and entertainment, automobile and transport, online medical service and AI firms also developed rapidly, it said.
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