Artificial intelligence is sought after by capital[electronics manufacturing expo news flash]

17 Jul 2019

In 2018, China's artificial intelligence enterprise financing amounted to 383.122 billion yuan, ranking first in the world. The electronics manufacturing expo industry has shown good growth in both financing and application.

Recently, China's new generation of artificial intelligence development strategy research institute released the "China's new generation of artificial intelligence technology industry development report (2019)." According to the report, in 2020, among the 745 artificial intelligence enterprises in China, 577 companies had financing incidents, with a total financing of 383.222 billion yuan, 2.04 times that of 2017, ranking first in the world.

“Although the number of artificial intelligence companies in China has declined since 2016, China’s electronics manufacturing expo artificial intelligence companies have shown good growth in terms of financing and application expansion.” China’s new generation of artificial intelligence development strategy research Liu Gang, chief economist of the hospital, said.

It is understood that as of February 28 this year, the report detected a total of 745 domestic artificial intelligence enterprises, accounting for approximately 21.67% of the total number of artificial intelligence enterprises in the world. China's artificial intelligence enterprises are mainly distributed in Beijing, Guangdong, Shanghai and Zhejiang, accounting for 43.2%, 16.9%, 14.9% and 8.3% respectively.

“In the 745 Chinese artificial intelligence enterprises, application-level enterprises accounted for 75.2% of the total, and they were distributed in 18 application areas including smart manufacturing, technology finance, digital electronics manufacturing expo content and new media, new retail and smart security. Artificial intelligence and The integration and development of traditional industries is becoming an important driving force for China's economic transformation and upgrading," Liu Gang said.

According to the report, from the distribution of core technologies of Chinese artificial intelligence enterprises, big data and cloud computing accounted for the highest electronics manufacturing expo proportion, reaching 21.3%; followed by machine learning and recommendation, speech recognition and natural language processing, face and gait and expression recognition. The proportions were 17.2%, 9.4%, and 8.6%, respectively. Among the 113 artificial intelligence enterprises that can obtain R&D intensity data, the average R&D intensity is 9.14%, which is much higher than the average R&D intensity of domestic enterprises in 2018.

The report pointed out that all regions have promoted the collaborative innovation and development of the artificial intelligence technology industry by establishing an artificial intelligence industry alliance. By the end of 2018, the report had detected a total of 117 industrial alliances in the field of artificial intelligence, of which 34 were newly created in 2018, accounting for 29%. The newly established 34 industry alliances are widely distributed in 14 provinces and municipalities, with Beijing and Shanghai having the largest number of five.

However, while the artificial intelligence industry has achieved rapid development, it has also exposed many problems. China has a large gap between the basic electronics manufacturing expo research fields of artificial intelligence and developed countries.

“For example, the existence of data silos is still a key factor restricting the development of artificial intelligence technology industry. Whether in the development of technology finance, smart medical care or manufacturing, the openness of data and the formation of data ecological advantages are prerequisites for the development of artificial intelligence. And foundation.” Liu Gang said, how to promote the electronics manufacturing expo development of artificial intelligence core technology, further opening of application scenarios, improvement of data ecological advantages, innovation of technology platform system, benign interaction of core industry sectors and integrated industry sectors, and formation of efficient talent training mechanisms are artificial intelligence in the future. The key to the sustainable development of the technology industry.

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