China must fully grasp the potential of the new generation of artificial intelligence technology that is playing a growing role in speeding up the digitization of traditional industries and encouraging an in-depth integration of the digital economy with the conventional economy, government officials and executives told the 6th World Intelligence Congress, that began this Friday Tianjin.
Li Hongzhong, Party secretary Tianjin Li Hongzhong, Party secretary of Tianjin, called for efforts to establish innovative industrial clusters, boost independent innovation capabilities and achieve breakthroughs in fundamental research technologies.
China will continue to support an artificial intelligence ecosystem actively and accelerate the development of intelligent infrastructure for information, including 5G networks data centers, industrial internet as well as internet of things and supercomputing centers, according to Xiao Yaqing, minister of industry and information technology.
Xiao suggested that more efforts must be put in place to encourage the digital revolution and the modernization of manufacturing processes, increase international cooperation in technological innovation and ethical governance, and education of talent and security guarantees.
“Currently, the value of the country’s core AI industries has exceeded 400 billion yuan ($59.7 billion), and the number of related enterprises stood at more than 3,000, with breakthroughs having been made in key core technologies such as smart chips and open-source frameworks,” Xiao claimed.
The ministry’s statistics showed the country has built around 1.7 million base stations for 5G and has established 150 industrial internet platforms that are large-scale that have greater than 78 million industrial units linked to these platforms.
China has released a strategy to set benchmarks for the nation’s AI sector. The worth of the core AI industries is expected to surpass 1 trillion yuan. This will make China one of the top countries in AI advancement by 2030.
Tianjin, a major port city in northern China, is currently adopting AI smart manufacturing, intelligent manufacturing, and related innovative technologies to keep up with the latest technological developments.
The use and adoption of technology are essential to creating a brighter world, says Tom Duke, acting trade commissioner for China in the Department for International Trade of the United Kingdom. This year, the UK is the country of honor as a guest of honor at this year’s Congress.
“Data is the driving force of the digital economy. It fuels innovation, boosts productivity, increases efficiency, and supports new businesses. Forty-one percent of the UK’s total service exports to China and 30 percent of the UK’s service imports from China are data-enabled,” Duke declared, noting China has played a significant part in the growth of the digital economy.
The growing digital economy has brought new energy into the economy and served as a catalyst for China’s steady economic expansion, said Yang Yuanqing, chairman and CEO of Lenovo Group, adding the company will assist in the technological as well as intelligent change of a wide variety of industries.
Zhou Hongyi, the cybersecurity firm 360 Security Group founder, emphasized the importance of pushing forward an era of digitalization for small, micro, and medium-sized businesses since they face increasing pressure from the deficiency of capital, human capital, and the latest technology.