(ECNS) -- China's artificial intelligence core industry was worth 199.8 billion yuan ($29.89 billion) in 2021 and it is expected to exceed 600 billion yuan($89.76 billion) in 2026, with a compound annual growth rate of 24.8 percent, said an expert on Friday.
China's artificial intelligence industry is rapidly expanding, An Hui, deputy chief engineer of the China Center for Information Industry Development, made the remarks at a parallel forum of the 6th World Intelligence Congress.
China continues to lead the world in the number of publications of AI journals, top conferences and knowledge bases, of which the number of papers published accounts for 31.0 percent of the world’s total, an increase of 15 percentage points from 2020, according to the AI Index 2022 Report released by the Stanford University, An said.
China has applied for more than half of the world's AI patents and obtained about 6 percent of the patents. Chinese companies and research institutions have made significant technological breakthroughs in the fields of foundation models, computer vision, machine translation and more, An added.