China builds artificial intelligence industry
14 July, 2017
In one Chinese province, artificial intelligence (AI) appears to create abundant jobs, but only for those in the know, Xinhua reported. A senior official in Zhejiang Province, home to Alibaba, said on 10 July that the province aims to hire more than 110,000 AI professionals in the next five years. Among them will be 50 leading AI experts, 500 scientific entrepreneurs, and 1,000 development and research talent. The provincial government would provide financial support to entrepreneurs in AI and encourage universities to enroll more graduate students on the subjects.
China is in the midst of an AI boom with governments, research institutes, tech firms, and entrepreneurs racing to be involved, betting on the discipline to take the lead in economic growth and social development. Alibaba, Tencent, Baidu - the top three Chinese tech firms - are all investing heavily in AI research. The province plans to build an AI industry worth 50 billion yuan in three years. The industry clusters will be based in the provincial capital of Hangzhou and economic powerhouse of Ningbo.