China attracts 60% of global AI investment: report

Experts said the trade conflict with the US will have no effect on China's development in AI technology, after an annual report released on Friday said China has become the most attractive country for investment and financing in AI technology, which accounts for 60 percent in the world. The report on China AI Development 2018 was released by Tsinghua University on Friday, which said from 2013 to the first quarter of 2018, the amount of investment and financing in AI technology in China accounts for 60 percent in the world, valued at $27 billion in 2017, Chinese news portal thepaper.com AI is an emerging area for investors with substantial "hot" money in the Chinese financial market, Xiang Yang, an industry expert at Beijing-based CCID Consulting, told the Global Times on Friday. "Many emerging industries will enjoy an investment boom at the beginning, but when the boom subsides, investors will be more rational, and survivors will be very qualified. The quality of China's AI will not suffer and will continue to attract more talent to return to China from the US," Wan said.