China and the United States are competing with each other to be the leading player in the next-generation technology solutions. Now, for the first time, China has surpassed the United States in terms of patent applications related to Artificial Intelligence (AI).
The development was revealed by Li Yuxiao, Deputy Head of the Chinese Academy of Cyberspace Studies at the 7th World Internet Conference (WIC), reports SCMP. With this, China is now bolstering its position of being a leader in AI.
As per the report, China had filed more than 110,000 artificial intelligence patents last year, more than the patents filed by the United States but the number of patents filed by the country has not been disclosed.
As noted above, both China and the U.S. are trying to dominate the market of advanced technologies such as 5G, Artificial Intelligence, and Quantum Computing. With the rise of China in these fields, the United States decided to put several sanctions and trade restrictions on Chinese companies.
However, China is determined to become the global leader in artificial intelligence technology by the year 2030. For this, the country is working on the technology’s application scenarios with heavy investment in the sector. This has also raised concerns about ethical as well as security issues.
According to the report from research firm iiMedia, surveillance was the biggest single end-user of AI in China last year, which accounted for 53.8 percent of all AI-powered applications. It was followed by Finance and Marketing, account for 15.8 percent and 11.6 percent, respectively.
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