The Chinese Government Wants A 100 Billion RMB AI Market By 2018 - TechNode

China's artificial intelligence industry received a huge boost of validation from the government on Wednesday, which announced its plans to create a "100 billion level" ( 15 billion USD) artificial intelligence market by 2018. According to state-owned media Xinhua News Agency, the government plans to roll out projects in smart home applications, smart cars, unmanned systems, wearables, and robotics over the next three years. "According to the plan, China will improve the country's economy and society, disrupt the core technologies of artificial intelligence, and increase our smart hardware supply capabilities," stated the government in its announcement. "Over the next three years, the country will build a solid foundation for an innovative, active, collaborative, eco-friendly, and safe artificial intelligence industry." As per usual, the government's announcement was vague.