China's AI Industry Surpasses $70 Billion Mark, Reports Show
Date
7/5/2024 12:24:02 AM
(MENAFN- AzerNews)
By Alimat Aliyeva
The total size of the technology industry related to artificial
intelligence in China exceeds 500 billion yuan (about $70.4
billion), Azernews reports.
According to the Report, this was stated by Premier of the State
Council of the People's Republic of China Li Qiang, speaking at the
opening ceremony of the World conference on Artificial Intelligence
(WAIC) in Shanghai.
"Currently, the scale of the artificial intelligence industry in
China exceeds 500 billion yuan. It ranks second in the world in
terms of the number of large models. The use of artificial
intelligence in manufacturing, transport, education, medicine and
other fields is constantly expanding," the prime minister said.
According to him, over the years, continuous developments in the
field of new artificial intelligence technologies, the constant
emergence of new business formats and the accelerated spread of new
applications have become an important driving force behind a new
round of scientific and technological revolution and changes in
industry. At the same time, Li Qiang drew attention to the fact
that such a rapid development of relevant technologies has led to a
number of issues related to legislation, ethics and many others,
including concerns that artificial intelligence may become the
greatest threat to human civilization.
"China attaches great importance to the safe management of
artificial intelligence, gradually implements a reliable code of
ethics and regulatory system, evaluates the impact of artificial
intelligence and implements multi-level management, which provides
China's practical experience in global artificial intelligence
management," he said, pointing to China's readiness for
international cooperation in the field of artificial intelligence
for global development.
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