China and the United States are becoming the world’s largest artificial intelligence competitors. China's main advantage lies in intelligent robots, while the United States is far ahead in the world of machine learning applications. The main shortcomings in the development of artificial intelligence in China are not the lack of funds, but the lack of corresponding technologies and talents.
China and the United States are becoming the world's largest artificial intelligence rivals, such as Luke and DarthVader in the Star Wars, aliens and predators, or Loki and Ivan in the movie. The leading position that the Chinese government has occupied in this industry has caused a lot of heated debates and opinions, but how can China's magnificent AI vision be implemented? The studies of StartUP database, IT Orange and Tencent News provide us with a new perspective on the analysis of the advantages and disadvantages of China's AI industry.
Relevant data show that the United States is currently no doubt the first in the AI ​​development trend. The number of American AI companies is 1.82 times higher than that of Chinese companies. The share of investment funds flowing to the United States is 1.54 times higher than that of China, and the talent pool is also 2.01 times that of China. Among all AI companies in the world (according to the data of June 2017 is about 2542), the United States accounted for 42%, while China ranked second in 23%. The data of China and the United States exceed that of the developed countries such as the United Kingdom, Australia, Japan, Switzerland and Singapore.
These strong foundations for artificial intelligence rely on the support of leading companies such as Google, Amazon, IBM, and Microsoft. But this gap may quickly disappear: China's "BAT" (Baidu, Alibaba and Tencent) is building an artificial intelligence ecosystem. Baidu has AI assistant/platform DueerOS, Apollo platform and PaddlePaddle. Alibaba has the artificial intelligence platform (PAI2.0), Tmall Elf voice assistance and customer service robot shop secret. Tencent has developed a cloud service, an open source computing platform called Angel, WechatAI, and a creator of robot journalists.
These two oligarchs are not the only players in the game: China's AI companies have risen just like springing up.
"China's level of artificial intelligence is basically comparable to that of the world, but the dividends of the Industrial Revolution over the past decade will eventually disappear." Yao Qizhi, the first Asian winner of the Turing Awards, said that he believes that supercomputers and related theories are China's biggest weakness.
According to reports, this is not the only place where China lags behind the United States. Another major obstacle is the lack of AI talent. The data shows that the US AI talent pool has 78,000 experts, but in China, this figure is less than half: only 39,200. One of the reasons behind this is the lack of high quality education: 16 of the top 20 universities in the world involved in the AI ​​industry are in the United States. China’s current academic capabilities are still far from meeting industry needs.
There are also differences within the industry: China's AI development must make up for technological gaps, while also taking into account product differentiation and market demand. The report points out that these are the three thresholds for the development of artificial intelligence in the beginning.
"For investors, the artificial intelligence technology industry is a promising technology industry. Both large and small enterprises in this industry are in a rising period," said Li Jingwang, an IT analyst and research co-author of IT. "But like 2000, Like the Internet bubble, they should be more cautious in choosing the right company."
The AI ​​experts in China and the United States will also have many opportunities for competition. The most important areas of artificial intelligence in the near future will be cyber security and fraud prevention, barrier-free convenience stores, machine translation, the pharmaceutical industry, and intellectual property protection. The two countries are currently establishing their own advantages in different areas, and AI startup companies are growing along with local financing trends.
The 2017 China-US AI Venture Capital Present Situation and Trends Research Report mentioned some interesting figures on China's artificial intelligence industry.
What are the areas in which Sino-American artificial intelligence companies are researching?
As AI develops three key areas of algorithms, data, and high-performance chips, new applications in these areas are emerging all over the world. In China, the most popular growth areas are Ubtech, Roobo and Cloudminds, and other companies developing intelligent robots and unmanned aerial vehicles (UAVs), of which drone giant DJI is the most influential company in the field.
According to opinions of some well-known related industry representatives such as JinriToutiao, iFlytek, and Unisound, natural language processing (NLP), including semantic analysis, speech recognition, and chat recording, is another hot topic that deserves attention.
Another popular hotspot, face and image recognition, the leading companies in its field are Face++ and SenseVision. It covers video surveillance, autopilot and computer vision.
But what is the advantage of China's artificial intelligence industry compared to the United States? Based on the difficulty of developing the business, the report lists nine areas of artificial intelligence. For example, NLP and computer vision have become a common hot spot between China and the United States due to low technical difficulty. The most difficult part of the industry is the development of processors and chips. The main reason is that the amount of funds required is large, the development cycle is long, and there are fewer talents.
All in all, according to research reports, China's main advantage lies in intelligent robots, while the United States is far ahead in the world of machine learning applications.
Which area in China is most affected by the development of artificial intelligence?
In China, the medical industry has become an interesting area of ​​artificial intelligence applications, including medical imaging and medical record analysis. This area has largely benefited from weak artificial intelligence, which is an AI form specifically designed for small-scale operations.
The auto industry ranks second in the degree of impact, covering autopilot and assisted driving, followed by education, finance, manufacturing, security, home and other industries.
Artificial intelligence industry value?
Since the first artificial intelligence investment in the United States in 1999, the global artificial intelligence capital investment has reached 191.4 billion yuan. As of June 31, 2017, China's AI Corporation had obtained RMB 63.5 billion in investment, accounting for 33.18% of global AI funds, the United States accounted for 51.10% (US$ 97.8 billion), and the rest of the world accounted for 15.73%.
In 2016, China is trying to catch up with its main competitors, but due to a number of major deals in the United States, China’s total funding for artificial intelligence fell significantly in the first half of 2017.
Another interesting data is that China’s artificial intelligence companies (51%) have a higher percentage of investment than the United States (69%). This shows that the major shortcomings in the development of artificial intelligence in China are not the lack of funds but the lack of corresponding technologies and talents.
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