An companion AI robot named Boyan dodo is on display during the China Computer Federation Global Artificial Intelligence & Robotics Summit (CCF-GAIR) held on August 12, 2016 in Shenzhen. (Liu Zheng/chinadaily.com.cn)
Artificial intelligence, or AI - recognized as an international "geeky" buzzword - once again drew the Chinese media's attention on Friday at the ongoing Global Artificial Intelligence & Robotics Summit held in Shenzhen.
Zhang Hongjiang, chief executive of Kingsoft, told China Daily the market' s potential and bonus in the country would continue in coming years, while more capital would be expected to flow into the AI sector, despite over-heated investments.
"Minorities' business failure or homogeneity competition hit on the market somehow reveal the technology's strong forward momentum," Zhang said.
"The innovation and leaping development reserve in China's mobile internet sector have generated attentions from both western media outlets and overseas investors, such as the latest tech magazine Wired's story about Xiaomi and New York Times' WeChat coverage."
According to Zhang, algorithms, big data and computing are the three major, but basic, technologies that can enable the implementation of AI.
Progress achieved in technology such as machine learning, which is associated with AI, reflects the rapid growth of the country's AI industry.
