NEWSSep 21, 2018

Directly Hit the World Artificial Intelligence Conference, Chinese AI is Highly Regarded

On September 17, 2018, the 2018 World Artificial Intelligence Conference (WAIC 2018) co-sponsored by the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the National Internet Information Office, the Chinese Academy of Sciences, the Chinese Academy of Engineering and the Shanghai Municipal People's Government , has officially kicked off in Shanghai. The three-day AI event attracted the attention of all walks of life. A large number of the most influential experts in the field of artificial intelligence in the academic and business community gathered together to discuss the past, present and future of artificial intelligence, dedicated to providing the public with a clearer picture of how AI promotes social change and empowers industry. With the theme of “New Age of Artificial Intelligence Empowerment”, the conference will deliver speeches and conduct high-end dialogues on the technological frontiers, industrial and application development trends and hot issues in the field of artificial intelligence, and build the world's top artificial intelligence cooperation and exchange platform.

At present, all countries in the world are actively deploying artificial intelligence development strategies. In addition to the United States has always been a leader in the field of artificial intelligence, Germany and Japan are also accelerating the development and application of the Internet of Things and intelligent robots. In recent years, China’s new round of technology and industrial revolution with artificial intelligence as its core has emerged. According to the recently released "China Artificial Intelligence Development Report 2018" data, China has ranked first in the world in terms of total AI papers and patents. In terms of industry, the number of artificial intelligence enterprises in China ranks second in the world; and in terms of venture capital investment, China's AI sector accounts for 60% of global investment and financing.

It is learned that BAT and other industry leaders attended the World Artificial Intelligence Conference. Ma Yun, Ma Huateng, Li Yanhong, Lei Jun and other well-known Chinese industry experts have explored the development vision of a new generation of artificial intelligence from various angles. Ma Yun, Chairman of the Board of Directors of Alibaba Group, said that in the next 30 years, smart technology would penetrate into all aspects of society and completely reshape traditional manufacturing. New manufacturing is a new impetus for economic transformation and a perfect combination of the real economy and the virtual economy. In the future, 90% of retail and manufacturing will be completed on the Internet. If enterprises cannot transform into individualized and intelligent, they will soon be eliminated. No matter how advanced AI technology is, it will be meaningless if it cannot be combined with the manufacturing industry to promote upgrading of the transformation. In addition, in terms of Internet finance, Ma Yun pointed out that true Internet finance relies on data technology, data risk control system and data credit system, and a large amount of data cannot be inseparable from AI for risk control.

The impact of AI technology on industrial upgrading and economic transformation is becoming more and more prominent. Li Yanhong, founder, chairman and CEO of Baidu, said in a speech at the conference: "No company in the future can claim that it has nothing to do with AI." However, having AI capability does not require companies to have the ability to invent AI technology, but to have the ability to utilize AI technology to strengthen the company itself. In addition, Raj Reddy, the first Asian Turing Award winner and also a foreign academician of the Chinese Academy of Engineering, said that artificial intelligence technology will double the number of Internet users and increase the overall economic efficiency by three times, thus driving global GDP by 4 to 10 times. In the next 20 years, it will reach the level of trillions.

In addition to keynote speeches by leading academic experts and well-known entrepreneurs, Ali's "Tianqing" system, Baidu's autonomous driving technology, Tencent's AI medical product - Tencent's film will all be exhibited at the conference. In addition, Huawei's cloud enterprise intelligence (EI), smart edge, AI hardware platform, and achievements in such fields as industry ecology also made a debut at the conference, demonstrating China's strength as an AI powerhouse.
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