The mainland’s private and public sectors are building on rapid advances in technology and readily available consumer data to develop unique applications for consumers and businesses
China was the world’s second-biggest investor in AI enterprises last year. SCMP Graphics While US technology giants such as Google, Facebook and Apple race to dominate the growing commercial market for artificial intelligence (AI), China Inc is digging deep to create a broad-based platform for this technology to drive the country’s economic development. That was the consensus drawn from keynotes and panel discussions on Thursday at Finnovasia, the part of Hong Kong Fintech Week focusing on the future of AI in finance. Significant headway has been made on the mainland in AI, based on advances in computer-processing power, algorithms and data collection used by academic researchers and major internet companies such as Baidu, Alibaba Group Holding, Tencent Holdings and JD.com.