China: AI industry scale tops USD40b last year| MENAFN.COM

Wednesday, 28 September 2022 02:19 GMT

China: AI industry scale tops USD40b last year

(MENAFN)According to the China Academy of Information and Communications Technology (CAICT), the industry scale of China's artificial intelligence (AI) sector hit about USD43.4 billion last year.

The data on Friday, July 9, revealed at the 2021 World Artificial Intelligence Conference in Shanghai CAICT, a research institute under the Ministry of Industry and Information Technology.

The data also unveils that the sector scale of the international AI sector increased by 12 percent year on year to USD156.5 billion last year, while China saw yearly expansion of 15 percent.

The expansion of trustworthy AI has become a main concern for the sector internationally, as the technology brings not only opportunities but also risks and challenges.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.