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Miniature robots stage a group dance at a smart manufacturing conference in Nanjing, East China's Jiangsu Province on December 7. Photo: VCG Some insiders claim that bubbles are already growing in China's artificial intelligence (AI) sector, following the rapid expansion of the industry. Firms that lack long-term strategies to counteract the emergence of such scenarios may go bankrupt sooner rather than later. Like many attractive industries at their early stages, China's AI domain has been favored by both private capital and the government, Zhu Pinpin, founder of Shanghai Xiaoi Robot Technology Co, told the Global Times on Monday. "To some extent, we expected a bubble, as investors and governments pushed forward expansion of the industry," he said. Opportunities in virtual reality and AI have grown exponentially recently, with both considered good bets on the venture capital (VC) investment circuit, according to a quarterly report that KPMG released in October.