China seeks to grow Artificial Intelligence market to US 15 billion Latest News & Updates at Daily News & Analysis

China plans to expand its artificial intelligence (AI) products market to over US 15 billion by speeding up the manufacturing of products like robots, home appliances and mobile phones as part of efforts to develop new technologies to reorient its sluggish economy. China will speed up the development of its artificial intelligence sector and create a market worth more than 100 billion yuan (US 15.26 billion) over the next three years, the National Development and Reform Commission said in a statement. By 2018, China shall build platforms for fundamental AI resources and innovation and make breakthroughs on basic core technology, the three-year implementation programme for'Internet Plus' artificial intelligence said. Under the plan, China will cultivate and develop emerging artificial intelligence industries, promote innovation in intelligent products and enhance the intelligence level of terminal products. The programme will involve key projects such as intelligent home appliances, smart automobiles, intelligent unmanned systems, intelligent wearable devices and robots.