China’s business ‘ecosystems’ are helping it win the global A.I. race | Fortune

“China’s “Sputnik Moment” is what Kai-Fu Lee, author of the famous book AI Superpowers, likes to call it. Five years ago, when AlphaGo—an artificial intelligence–based program developed by DeepMind, a startup that Google acquired in 2014—defeated two of the world’s best human exponents of the board game Go, it came as an eye-opener to China and its A.I. community.

Soon after, the Chinese government launched an ambitious Next Generation Artificial Intelligence Development Plan to build China’s A.I. ecosystem, promising policy support, central coordination, and investments that are slated to cross the $150 billion mark by 2030. The goal: China’s A.I. industry should generate 1 trillion yuan ($160 billion) of annual revenues, with related industries crossing 10 trillion yuan ($1.6 trillion) in annual sales, by the end of this decade.”

Read the full article @ Fortune:

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