CHINA’S patents in the artificial intelligence industry accounted for 22 percent of the total globally, according to an official with the Ministry of Industry and Information Technology.
China had more than 2,000 AI companies by the end of 2017, Wang Xinzhe said at the Global AI Products Application EXPO 2018 in Suzhou, Jiangsu Province.
About 150 AI companies and institutions from 10 countries and regions are participating in the three-day exposition, which began yesterday, showcasing more than 1,000 AI products.
Wang said China’s AI companies are mainly clustered in the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Pearl River Delta.
Beijing and Shanghai as well as Guangdong, Jiangsu and Zhejiang provinces have more than 100 AI companies each.
By 2020, the value of China’s AI industry is expected to reach 150 billion yuan (US$23.6 billion), Wang said.