The buzzword among the business and tech communities in China for the past year has been ‘AI’, or artificial intelligence. Big plans for AIChina is developing artificial intelligence in improving the capabilities of robotics, developing driverless cars, divining consumer preferences, inventory forecasting, selling enhanced products, and marketing goods and services. According to Liu Lihua, Vice Minister of Industry and Information Technology, China has thus far applied for 15,745 AI patents. In 2014, Baidu poached Andrew Ng from the Google Brain project to lead the Baidu Research Institute (though he recently stepped down). More on Forbes: Artificial Intelligence Will Enable 38% Profit Gains By 2035

Source: Forbes July 03, 2017 07:52 UTC