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China ranks 2nd globally for AI firms total
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China has the second-largest number of artificial intelligence companies in the world, trailing only the United States, according to a blue paper.
The blue paper was published by Gartner, an information technology research and advisory company, and the China Academy of Information and Communications Technology, in Shanghai at the World Artificial Intelligence Conference 2018.
鈥淭he number of AI-related companies in China continues to grow and now ranks second in the world,鈥 said Liu Duo, president of CAICT.
She said the number of AI-related patent filings has increased in China since 2015 and the scale of the AI market has also developed drastically, especially concerning voice and image recognition technology.
Beijing, Shanghai as well as Guangdong, Zhejiang, and Jiangsu provinces are where domestic AI companies are developing the fastest, Liu added.
Despite the fast development of the industry, Liu also warned companies about potential ethics and legal risks the technology may bring about.
鈥淎s AI empowers our daily lives and production, we need to try to avoid controversies or harmful effects it may cause,鈥 said Liu.
Phil Todd, managing vice president of Gartner, said his company has seen a drastic increase of AI-related consultations in recent years, but research covering over 3,000 companies showed that only 4 percent of them have invested in and utilize AI technology.
鈥淪ome technologies are at the peak of inflated expectations. When they were implemented, they would crash and face difficulties,鈥 said Todd, adding that the key to AI application is to choose the right business and suit the customers鈥 needs.
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