China’s Artificial Intelligence Sector Could be Worth 100 Billion Yuan by 2018

ScienceTechnicians of Tianjin Deepfar Ocean Technology Co., Ltd., tests a new developed Underwater Unmanned Vehicle which is named ‘White Shark Max’ in water on March 28, 2016 in Tianjin, China. (Photo : VCG/VCG via Getty Images) For the next three years, China will be ramping up the development of its artificial intelligence (AI) sector as it aims to establish a lucrative market that could be more than 100 billion yuan ($15.26 billion). This, according to a statement released by the National Development and Reform Commission through its website last Monday. Like Us on Facebook Based on the Central Government’s three-year implementation plan for its “Internet Plus” artificial intelligence program,  China will create platforms for fundamental AI resources and innovation, and work towards achieving breakthroughs on basic core technology, The plan…


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